Civic Intelligence

Pascoag Utility District

990 • Fiscal year 2021 • EIN 05-0517079

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 09, 2022

Organization ProfileWWW.PUD-RI.ORG

View Organization Page

253 Pascoag Main St PO Box 107Pascoag, RI 02859

(401) 568-6222

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.37x

Higher debt load relative to assets than 52% of similar nonprofits.

2021 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.75x

Higher debt load relative to revenue than 34% of similar nonprofits.

2021 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2021

Net Margin

37th percentile

5.3%

Higher net margin than 37% of similar nonprofits.

2021 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

74th percentile

$151,647

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2021

Asset Growth

29th percentile

-0.6%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

-3.5%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Down

$19,979,701

Down $125,149 (-0.6%) from 2020

Net Assets

Up

$12,574,622

Up $518,636 (+4.3%) from 2020

Liabilities

Down

$7,405,079

Down $643,785 (-8.0%) from 2020

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin37th percentile

Revenue

Down

$9,825,059

Down $353,947 (-3.5%) from 2020

Expenses

Up

$9,306,423

Up $23,791 (+0.3%) from 2020

Net Income

Down

$518,636

Down $377,738 (-42%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $7,588,998Liabilities 2010: $1,343,187Net Assets 2010: $6,245,8112010Assets 2011: $7,437,320Liabilities 2011: $1,262,688Net Assets 2011: $6,174,6322011Assets 2012: $11,010,454Liabilities 2012: $2,368,433Net Assets 2012: $8,642,0212012Assets 2013: $10,533,564Liabilities 2013: $2,508,262Net Assets 2013: $8,025,3022013Assets 2014: $11,536,573Liabilities 2014: $2,297,295Net Assets 2014: $9,239,2782014Assets 2015: $12,968,489Liabilities 2015: $2,354,595Net Assets 2015: $10,613,8942015Assets 2016: $14,442,167Liabilities 2016: $4,164,085Net Assets 2016: $10,278,0822016Assets 2017: $16,297,310Liabilities 2017: $5,291,983Net Assets 2017: $11,005,3272017Assets 2018: $15,969,348Liabilities 2018: $4,824,709Net Assets 2018: $11,144,6392018Assets 2019: $17,658,604Liabilities 2019: $6,498,992Net Assets 2019: $11,159,6122019Assets 2020: $20,104,850Liabilities 2020: $8,048,864Net Assets 2020: $12,055,9862020Assets 2021: $19,979,701Liabilities 2021: $7,405,079Net Assets 2021: $12,574,6222021Assets 2022: $19,781,769Liabilities 2022: $7,059,000Net Assets 2022: $12,722,7692022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2021

Assets$19,979,701
Liabilities$7,405,079
Net Assets$12,574,622
Open 2021 Filing

Operations Trend

Revenue Growth20th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $8,538,9672010Expenses 2011: $8,523,4502011Expenses 2012: $8,022,8552012Revenue 2013: $7,959,051Expenses 2013: $8,575,770Net Income 2013: -$616,7192013Revenue 2014: $9,757,761Expenses 2014: $8,821,346Net Income 2014: $936,4152014Revenue 2015: $10,244,511Expenses 2015: $8,869,895Net Income 2015: $1,374,6162015Revenue 2016: $9,232,069Expenses 2016: $8,852,227Net Income 2016: $379,8422016Revenue 2017: $9,811,784Expenses 2017: $9,084,539Net Income 2017: $727,2452017Revenue 2018: $9,808,806Expenses 2018: $9,669,494Net Income 2018: $139,3122018Revenue 2019: $9,309,729Expenses 2019: $9,294,756Net Income 2019: $14,9732019Revenue 2020: $10,179,006Expenses 2020: $9,282,632Net Income 2020: $896,3742020Revenue 2021: $9,825,059Expenses 2021: $9,306,423Net Income 2021: $518,6362021Revenue 2022: $10,094,239Expenses 2022: $9,946,092Net Income 2022: $148,1472022Revenue 2023: $10,345,236Expenses 2023: $9,717,958Net Income 2023: $627,2782023

Highlighted filing

2021

Revenue$9,825,059
Expenses$9,306,423
Net Income$518,636
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 9, 2022
Return Version
2021v4.2
Gross Receipts
$9,825,512
Mission and Program Overview

Mission

Provided electric services to the villages of pascoag and harrisville, ri and water services to the village of pascoag, ri

Pascoag utility district provides water and electric utility services within the villages of pascoag and harrisville, ri

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,811,451$8,709,279▲ $1,897,828
Cash and Non-Interest-Bearing Accounts$3,183,405$2,995,612▼ $187,793
Savings and Temporary Cash Investments$2,498,929$2,920,378▲ $421,449
Accounts Receivable$659,432$494,777▼ $164,655
Prepaid Expenses and Deferred Charges$425,894$460,962▲ $35,068
Inventories for Sale or Use$212,689$193,084▼ $19,605
Pledges and Grants Receivable$144,275--
Total Assets$20,104,850$19,979,701▼ $125,149
Other Assets Total$6,168,775$4,205,609▼ $1,963,166
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,156,216$5,108,777▼ $47,439
Other Liabilities$1,567,767$1,677,248▲ $109,481
Accounts Payable and Accrued Expenses$992,781$619,054▼ $373,727
Unsecured Notes Loans Payable$332,100$0▼ $332,100
Total Liabilities$8,048,864$7,405,079▼ $643,785
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,055,986$12,574,622▲ $518,636
Total Net Assets Fund Balance$12,055,986$12,574,622▲ $518,636
Total Liabilities and Net Assets / Fund Balance$20,104,850$19,979,701▼ $125,149

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,096,626$9,129,828$17,226,454
Buildings$145,333$1,710,586$1,855,919
Leasehold Improvements$148,530$279,345$427,875
Land$318,790-$318,790
Other Assets Org$654,435--
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael KirkwoodGeneral ManagerFT$151,647$151,647
William GuertinAssistant General ManagerFT$117,665$117,665
Christopher PiccardiEmployeeFT$108,714$108,714
Harle YoungManager of Finance & Customer ServiceFT$105,036$105,036
Craig KoprusakEmployeeFT$103,909$103,909
Douglas MenardEmployeeFT$101,685$101,685
Linda LaporteTreasurer-$4,039$4,039
Doug LeesMember-$3,000$3,000
John BlodgettMember-$3,000$3,000
John DemelimMember-$3,000$3,000
Michael KogutVice Chairman-$3,000$3,000

Board Members and Trustees

NameTitle
Albert G PalmiscianoChairman
Jack GriffinClerk
Raymond TrinqueDistrict Moderator
Revenue and Support

Revenue Composition

Contributions and Grants
$228,472
Program Service Revenue
$9,073,794
Investment Income
$74,444
Other Revenue
$448,349
All Other Contributions
$42,239
Change in Net Assets
$518,636

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,825,059
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,825,059
Total Revenue per Form 990
$9,825,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,052,918
Salaries, Compensation, and Employee Benefits$1,129,853
Grants and Similar Amounts Paid$123,652
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$878,613
Depreciation Depletion---$586,632
All Other Expenses---$346,602
Other Employee Benefits---$261,439
Other Expenses---$191,111
Fees for Services Other---$152,460
Grants to Domestic Orgs---$123,652
Payroll Taxes---$111,468
Insurance---$99,379
Interest---$93,589
Office Expenses---$77,886
Fees for Services Accounting---$51,700
Occupancy---$27,900
Fees for Services Legal---$10,717
Travel---$3,909
Advertising---$1,428
Pension Plan Contributions---$-121,667
Total Functional Expenses$0$0$0$9,306,423

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,306,423
Total Expenses per Audited Statements$9,306,423
Total Expenses per Form 990$9,306,423
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rhode Island Greenhouse Gas InitiativeProvidence, RI-Reimbursement for Energy Efficient Equipment$123,652
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension Funding$561,696
Customer Deposits$444,745
Regulatory Deferrals$310,772
Contribution in Aid of Construction$246,668
Accrued Compensated Absences$72,646
Demand Side Management Program$40,721
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Voters of the village of pascoag”

Form 990, Part VI, Section A, Line 7A

“All board members are elected by the voters of the village of pascoag.”

Form 990, Part VI, Section A, Line 7B

“Annual budget is approved by the voters of the village of pascoag.”

Form 990, Part VI, Section B, Line 11B

“At regular board meeting.”

Form 990, Part VI, Section B, Line 12C

“All board members must file annual conflict of interest statements with state of rhode island ethics commission.”

Form 990, Part VI, Section B, Line 15

“Compensation for the general manager is determined by the board of utility commissioners and is based on their knowledge of the utility industry.”

Form 990, Part VI, Section C, Line 19

“Made available upon request from the public.”

Filing and Contact Details

Filer

Filer Name
Pascoag Utility District
EIN
05-0517079
Phone
4015686222
Address
253 PASCOAG MAIN ST PO BOX 107, PASCOAG, RI 02859
Doing Business As
Pascoag Utility District

Signing Officer

Name
Linda Ann Laporte
Title
Treasurer
Phone
4015686222
Signed
2022-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Linda Ann Laporte
Formed
2001
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
22
Volunteers
0

Preparer

Firm
Marcum Llp
Address
155 SOUTH MAIN STREET SUITE 100, PROVIDENCE, RI 02903
Preparer
David Fontaine
Phone
4016004500
Supplemental Narrative

Additional Explanations

Form 990 - Part XI - Line 2.C

“The district has an audit committee and its procedures are consistent with prior years.”

Financial Statement Notes

PART X, LINE 2:

“The district evaluates all significant tax positions as required by generally accepted accounting principles in the united states. As of december 31, 2021 and 2020, the district does not believe that it has taken any tax positions that would require the recording of any additional tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. The district's income tax returns are subject to examination by the appropriate taxing jurisdictions. As of december 31, 2021, the district's income tax returns generally remain open for examination for three years from the date filed with each taxing jurisdiction.”

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IRS990/InterestGrp/TotalAmt093589
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0212689
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0193084
IRS990/InvestmentIncomeGrp/ExclusionAmt014796
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt014796
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011119759
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06811451
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08709279
IRS990/LandBldgEquipCostOrOtherBssAmt019829038
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0453
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDED ELECTRIC SERVICES TO THE VILLAGES OF PASCOAG AND HARRISVILLE, RI AND WATER SERVICES TO THE VILLAGE OF PASCOAG, RI
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05156216
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05108777
IRS990/NetAssetsOrFundBalancesBOYAmt012055986
IRS990/NetAssetsOrFundBalancesEOYAmt012574622
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt059648
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt059648
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012055986
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012574622
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt027900
IRS990/OfficeExpensesGrp/TotalAmt077886
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06168775
IRS990/OtherAssetsTotalGrp/EOYAmt04205609
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0261439
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER EXPENSE
IRS990/OtherExpensesGrp/Desc1MAINTENANCE EXPENSES -
IRS990/OtherExpensesGrp/Desc2WATER SURCHARGES
IRS990/OtherExpensesGrp/Desc3CUSTOMER RECORDS AND CO
IRS990/OtherExpensesGrp/TotalAmt05497482
IRS990/OtherExpensesGrp/TotalAmt1635201
IRS990/OtherExpensesGrp/TotalAmt2276922
IRS990/OtherExpensesGrp/TotalAmt3191111
IRS990/OtherLiabilitiesGrp/BOYAmt01567767
IRS990/OtherLiabilitiesGrp/EOYAmt01677248
IRS990/OtherOrganizationDsc0MUNICIPAL UTILITY
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/Desc0MISC SERVICE REVENUE
IRS990/OtherRevenueMiscGrp/Desc1RENTAL INCOME ANTENNA
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0393449
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt154900
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0393449
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt154900
IRS990/OtherRevenueTotalAmt0448349
IRS990/OtherSalariesAndWagesGrp/TotalAmt0878613
IRS990/OtherSourcesGrossIncomeAmt09825061
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0111468
IRS990/PensionPlanContributionsGrp/TotalAmt0-121667
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0144275
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0425894
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0460962
IRS990/PrincipalOfficerNm0LINDA ANN LAPORTE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0OPERATING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09073794
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09073794
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0921931
IRS990/PYGrantsAndSimilarPaidAmt031185
IRS990/PYInvestmentIncomeAmt069795
IRS990/PYOtherExpensesAmt08056634
IRS990/PYOtherRevenueAmt0121581
IRS990/PYProgramServiceRevenueAmt09065699
IRS990/PYRevenuesLessExpensesAmt0896374
IRS990/PYSalariesCompEmpBnftPaidAmt01194813
IRS990/PYTotalExpensesAmt09282632
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010179006
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0518636
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02498929
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02920378
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0145333
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01710586
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01855919
IRS990ScheduleD/EquipmentGrp/BookValueAmt08096626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09129828
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017226454
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09306423
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0318790
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0318790
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0148530
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0279345
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0427875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02235549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11315625
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2654435
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PENSION RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UNBILLED REVENUES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040721
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1444745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt272646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3246668
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4561696
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5310772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEMAND SIDE MANAGEMENT PROGRAM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED COMPENSATED ABSENCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CONTRIBUTION IN AID OF CONSTRUCTION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4PENSION FUNDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5REGULATORY DEFERRALS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09825059
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE DISTRICT EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES. AS OF DECEMBER 31, 2021 AND 2020, THE DISTRICT DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY ADDITIONAL TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. THE DISTRICT'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS. AS OF DECEMBER 31, 2021, THE DISTRICT'S INCOME TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION FOR THREE YEARS FROM THE DATE FILED WITH EACH TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08709279
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04205609
IRS990ScheduleD/TotalExpensesPerForm990Amt09306423
IRS990ScheduleD/TotalLiabilityAmt01677248
IRS990ScheduleD/TotalRevenuePerForm990Amt09825059
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09825059
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09306423
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0123652
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0REIMBURSEMENT FOR ENERGY EFFICIENT EQUIPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RHODE ISLAND GREENHOUSE GAS INITIATIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0ONE CAPITOL HILL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PROVIDENCE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0RI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002903
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0151647
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL KIRKWOOD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0151647
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOTERS OF THE VILLAGE OF PASCOAG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE ELECTED BY THE VOTERS OF THE VILLAGE OF PASCOAG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL BUDGET IS APPROVED BY THE VOTERS OF THE VILLAGE OF PASCOAG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AT REGULAR BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS MUST FILE ANNUAL CONFLICT OF INTEREST STATEMENTS WITH STATE OF RHODE ISLAND ETHICS COMMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR THE GENERAL MANAGER IS DETERMINED BY THE BOARD OF UTILITY COMMISSIONERS AND IS BASED ON THEIR KNOWLEDGE OF THE UTILITY INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MADE AVAILABLE UPON REQUEST FROM THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE DISTRICT HAS AN AUDIT COMMITTEE AND ITS PROCEDURES ARE CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 - PART XI - LINE 2.C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,979,701
Liabilities
$7,405,079
Net assets
$12,574,622
Revenue
$9,825,059
Expenses
$9,306,423
Net income
$518,636
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$10.3$9.72$0.63
2022Detailed filing. Detailed filing data is available for this year.$19.8$7.06$12.7$10.1$9.95$0.15
2021Detailed filing. Detailed filing data is available for this year.$20.0$7.41$12.6$9.83$9.31$0.52
2020Detailed filing. Detailed filing data is available for this year.$20.1$8.05$12.1$10.2$9.28$0.90
2019Detailed filing. Detailed filing data is available for this year.$17.7$6.50$11.2$9.31$9.29$0.01
2018Detailed filing. Detailed filing data is available for this year.$16.0$4.82$11.1$9.81$9.67$0.14
2017Detailed filing. Detailed filing data is available for this year.$16.3$5.29$11.0$9.81$9.08$0.73
2016Detailed filing. Detailed filing data is available for this year.$14.4$4.16$10.3$9.23$8.85$0.38
2015Detailed filing. Detailed filing data is available for this year.$13.0$2.35$10.6$10.2$8.87$1.37
2014Detailed filing. Detailed filing data is available for this year.$11.5$2.30$9.24$9.76$8.82$0.94
2013Detailed filing. Detailed filing data is available for this year.$10.5$2.51$8.03$7.96$8.58$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$2.37$8.64$8.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.44$1.26$6.17$8.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.59$1.34$6.25$8.54