Scott-Morgan-Greene Water Cooperative is located in Winchester, IL. Scott-Morgan-Greene Water Cooperative 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 12/2022, Scott-Morgan-Greene Water Cooperative generated $925.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $962.7k during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 8 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
TO FURNISH WATER SUPPLY FACILITIES FOR DRINKING AND DOMESTIC USE TO MEMBERS - NOT FOR PROFIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE WAS ORGANIZED TO FURNISH WATER SUPPLY FACILITIES FOR DRINKING AND GENERAL DOMESTIC USE TO ITS MEMBERS. THE COOPERATIVE SERVES THE SCOTT-MORGAN-GREENE AREA AND RURAL CUSTOMERS IN SURROUNDING COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Trudie Jackson Director | Trustee | 1 | $1,200 |
Kenneth Carpenter Director | Trustee | 1 | $1,220 |
Cliff Hamel Director | Trustee | 1 | $1,200 |
Steve Grubb President | Officer | 4 | $9,060 |
Scott Rawlings Vice President | Officer | 1 | $1,200 |
Don Barfield Treasurer | Officer | 4 | $4,745 |
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 | $922,554 |
Investment income | $533 |
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 | $925,937 |
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. | $19,825 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,114 |
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 | $27,228 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $19,833 |
Travel | $9,456 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $169,152 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $335,187 |
Insurance | $6,844 |
All other expenses | $2,379 |
Total functional expenses | $962,671 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $572,469 |
Savings and temporary cash investments | $140,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $113,348 |
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 | $4,023 |
Net Land, buildings, and equipment | $8,761,097 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $30,970 |
Other assets | $0 |
Total assets | $9,621,907 |
Accounts payable and accrued expenses | $24,905 |
Grants payable | $0 |
Deferred revenue | $77,488 |
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 | $5,746,067 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $11,522 |
Total liabilities | $5,859,982 |
Net assets without donor restrictions | $3,260,159 |
Net assets with donor restrictions | $501,766 |
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 | $9,621,907 |