Round Butte Water Company
- Assets
- $872.9k
- Revenue
- $89.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Ronan, MT
- Founding
- 05/1957
- Data as of
- 11/2022
- EIN
- 81-6016034
Organization Overview
Round Butte Water Company is located in Ronan, MT. The organization was established in 1957. 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 11/2022, Round Butte Water Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Round Butte Water Company 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 11/2022, Round Butte Water Company generated $89.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $124.2k during the year ending 11/2022. 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 SERVICE FOR APPROXIMATELY 500 MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICE FOR APPROXIMATELY 500 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geri Herreid Book Keeper | 15 | $10,784 | |
Tim Herreid President | Officer | 1 | $0 |
Will Harris Vice President | Officer | 1 | $0 |
Laurence Walchuk Secretary | Officer | 1 | $0 |
Robert Cornwell Treasurer | Officer | 1 | $0 |
Dusty Smith Manager | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $88,961 |
| Investment income | $387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,348 |
| 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. | $10,784 |
| Compensation of current officers, directors, key employees. | $10,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,976 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,551 |
| Insurance | $4,897 |
| All other expenses | $2,903 |
| Total functional expenses | $124,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,636 |
| Savings and temporary cash investments | $118,558 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,982 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $648,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,398 |
| Total assets | $872,911 |
| Accounts payable and accrued expenses | $0 |
| 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 | $424,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,046 |
| Total liabilities | $425,984 |
| Net assets without donor restrictions | $389,547 |
| Net assets with donor restrictions | $57,380 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $872,911 |
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