Civic Intelligence

B&B Water Project Inc

990 • Fiscal year 2020 • EIN 35-1144643

Jan 01, 2020 to Dec 31, 2020 • Filed on May 29, 2021

Organization Profilebandbwaterproject.com
PO Box 7287Bloomington, IN 47407

(812) 332-0577

Siviq Scores

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

Liabilities / Assets

36th percentile

0.12x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

29th percentile

0.24x

Higher debt load relative to revenue than 29% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Net Margin

19th percentile

-9.7%

Higher net margin than 19% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

79th percentile

$8,820

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Balance Sheet
Liabilities / Assets36th percentile

Assets

$1,514,388

No earlier filing loaded for comparison.

Net Assets

$1,329,208

No earlier filing loaded for comparison.

Liabilities

$185,180

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin19th percentile

Revenue

$763,664

No earlier filing loaded for comparison.

Expenses

$837,651

No earlier filing loaded for comparison.

Net Income

-$73,987

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,514,388Liabilities 2020: $185,180Net Assets 2020: $1,329,2082020Assets 2021: $1,418,739Liabilities 2021: $166,368Net Assets 2021: $1,252,3712021Assets 2022: $1,308,690Liabilities 2022: $166,592Net Assets 2022: $1,142,0982022Assets 2023: $1,147,293Liabilities 2023: $139,061Net Assets 2023: $1,008,2322023Assets 2024: $1,590,429Liabilities 2024: $614,513Net Assets 2024: $975,9162024

Highlighted filing

2020

Assets$1,514,388
Liabilities$185,180
Net Assets$1,329,208
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2020: $763,664Expenses 2020: $837,651Net Income 2020: -$73,9872020Revenue 2021: $740,880Expenses 2021: $819,402Net Income 2021: -$78,5222021Revenue 2022: $790,879Expenses 2022: $905,678Net Income 2022: -$114,7992022Revenue 2023: $869,728Expenses 2023: $1,015,604Net Income 2023: -$145,8762023Revenue 2024: $1,128,209Expenses 2024: $1,162,662Net Income 2024: -$34,4532024

Highlighted filing

2020

Revenue$763,664
Expenses$837,651
Net Income-$73,987
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 29, 2021
Return Version
2020v4.0
Gross Receipts
$763,664
Mission and Program Overview

Mission

Provide treated drinking water to customers/members

Provide drinking water to customersmembers

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,214,169$1,152,071▼ $62,098
Pd in Cap Srpls Land Bldg Eqp Fund$1,000,312$1,009,956▲ $9,644
Cash and Non-Interest-Bearing Accounts$295,181$284,306▼ $10,875
Rtn Earn Endowment Incm Other Fnds$235,948$235,946▼ $2
Cap Stk Tr Prin Current Funds$155,076$157,293▲ $2,217
Accounts Receivable$80,737$77,797▼ $2,940
Total Assets$1,590,301$1,514,388▼ $75,913
Other Assets Total$214$214→ $0
Liabilities
Unsecured Notes Loans Payable$151,247$134,372▼ $16,875
Accounts Payable and Accrued Expenses$43,649$46,512▲ $2,863
Other Liabilities$4,069$4,296▲ $227
Total Liabilities$198,965$185,180▼ $13,785
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,391,336$1,329,208▼ $62,128
Total Net Assets Fund Balance$1,391,336$1,329,208▼ $62,128
Total Liabilities and Net Assets / Fund Balance$1,590,301$1,514,388▼ $75,913

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,095,934$2,266,688$3,362,622
Equipment$31,681$21,752$53,433
Land$24,456-$24,456
Other Assets Org$214--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey H UnderwoodTreasurerPT$8,820$8,820
Dale LisbyPresidentPT$5,220$5,220
David SharpSecretaryPT$3,120$3,120
Jay FloydVice PresidentPT$2,520$2,520
Brian CrouchDirector-$1,320$1,320
Jay RichardsonDirector-$1,320$1,320
Jodie RichardsonDirector-$1,320$1,320
Scott MooreDirector-$1,320$1,320
Tyler BunchDirector-$1,320$1,320

Highest Paid Contractors

ContractorServicesLocationCompensation
Bynum Fanyo UtilitiesOperations Maintenace528 North Walnut Street, Bloomington, IN 47404$199,807
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$761,618
Investment Income
$0
Other Revenue
$2,046
Change in Net Assets
$-73,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$811,371
Salaries, Compensation, and Employee Benefits$26,280
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$62,097--$62,097
All Other Expenses$39,594--$39,594
Current Officers, Directors, Trustees, and Key Employees-$26,280-$26,280
Office Expenses-$21,669-$21,669
Occupancy$18,000--$18,000
Other Expenses$15,095--$15,095
Insurance$7,122--$7,122
Interest$7,115--$7,115
Fees for Services Legal-$3,045-$3,045
Fees for Services Accounting-$300-$300
Total Functional Expenses$786,357$51,294$0$837,651
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Taxes Payable$4,296
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“It is reviewed at a regular meeting of the board of directors”

Part VI Line 19

“They are available upon request and/or can be reviewed at the”

Part VI Line 19

“company's office during regular business hours”

Part VI, Line 6

“Customers are members of the Corportation”

Part VI, Line 7A

“Members vote for Directors at its annual meeting”

Part VI, Line 11B

“The 990 is reviewed at a monthly meeting of the Board of Directors”

Part VI, Line 19

“Bylaws are available for inspection at the company office”

Filing and Contact Details

Filer

Filer Name
B&B Water Project Inc
EIN
35-1144643
In Care Of
% Jeffrey H Underwood
Phone
8123320577
Address
PO Box 7287, Bloomington, IN 47407

Signing Officer

Name
Jeffrey H Underwood
Title
Treasurer
Phone
8123320577
Signed
2021-05-29

Organization Details

Principal Officer
Jeffrey H Underwood
Formed
1967
Legal Domicile
In
Voting Board Members
1,848
Independent Board Members
1,848
Employees
0
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI, Line 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01590301
IRS990/TotalAssetsEOYAmt01514388
IRS990/TotalAssetsGrp/BOYAmt01590301
IRS990/TotalAssetsGrp/EOYAmt01514388
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051294
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0786357
IRS990/TotalFunctionalExpensesGrp/TotalAmt0837651
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0198965
IRS990/TotalLiabilitiesEOYAmt0185180
IRS990/TotalLiabilitiesGrp/BOYAmt0198965
IRS990/TotalLiabilitiesGrp/EOYAmt0185180
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01391336
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01329208
IRS990/TotalProgramServiceExpensesAmt0786357
IRS990/TotalProgramServiceRevenueAmt0761618
IRS990/TotalReportableCompFromOrgAmt026280
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0763664
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0763664
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01590301
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01514388
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0151247
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0134372
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt06292 E State Road 45
IRS990/USAddress/CityNm0Bloomington
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd047408
IRS990/VotingMembersGoverningBodyCnt01848
IRS990/VotingMembersIndependentCnt01848
IRS990/WebsiteAddressTxt0bandbwaterproject.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY H UNDERWOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08123320577
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0B&B Water Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0BBWA
ReturnHeader/Filer/EIN0351144643
ReturnHeader/Filer/InCareOfNm0% Jeffrey H Underwood
ReturnHeader/Filer/PhoneNum08123320577
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 7287
ReturnHeader/Filer/USAddress/CityNm0Bloomington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047407
ReturnHeader/ReturnTs02021-05-29T14:54:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFFREY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0UNDERWOOD
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,514,388
Liabilities
$185,180
Net assets
$1,329,208
Revenue
$763,664
Expenses
$837,651
Net income
-$73,987
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.59$0.61$0.98$1.13$1.16$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.15$0.14$1.01$0.87$1.02$0.15
2022Detailed filing. Detailed filing data is available for this year.$1.31$0.17$1.14$0.79$0.91$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.42$0.17$1.25$0.74$0.82$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.51$0.19$1.33$0.76$0.84$0.07