Deer Creek Water Corporation
- Assets
- $20.9m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Edmond, OK
- Founding
- 04/1974
- Data as of
- 10/2022
- EIN
- 73-0945100
Organization Overview
Deer Creek Water Corporation is located in Edmond, OK. The organization was established in 1974. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 10/2022, Deer Creek Water Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deer Creek Water Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 10/2022, Deer Creek Water Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.3m during the year ending 10/2022. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER UTILITY SERVICES TO THE MEMBERS IN DEER CREEK AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER TO MEMBERS
PROVIDE WATER TO MEMBERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Blair Vice Preside | Officer | $0 | |
Darryl Hay Director | Officer | $0 | |
Brett Patillo Director | Officer | $0 | |
Melvin Lawson President | Officer | $0 | |
Maudean Wakefield Sec/treas | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $130,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,000 |
| Total Program Service Revenue | $0 |
| Investment income | $197,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,069 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,840,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,875 |
| Pension plan accruals and contributions | $53,782 |
| Other employee benefits | $147,246 |
| Payroll taxes | $32,058 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $410,326 |
| Fees for services: Accounting | $6,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,896 |
| Advertising and promotion | $0 |
| Office expenses | $15,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $21,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $104,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $409,371 |
| Insurance | $38,585 |
| All other expenses | $4,070 |
| Total functional expenses | $2,253,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997 |
| Savings and temporary cash investments | $4,300,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $247,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,700 |
| Prepaid expenses and deferred charges | $29,182 |
| Net Land, buildings, and equipment | $13,446,399 |
| Investments—publicly traded securities | $2,741,196 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,727 |
| Total assets | $20,866,508 |
| Accounts payable and accrued expenses | $72,222 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,710,537 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,782,759 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,548,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,535,249 |
| Total liabilities and net assets/fund balances | $20,866,508 |
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