Civic Intelligence

B&B Water Project Inc

990 • Fiscal year 2025 • EIN 35-1144643

Jan 01, 2025 to Dec 31, 2025 • Filed on Apr 20, 2026

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

71st percentile

0.37x

Higher debt load relative to assets than 71% of similar nonprofits.

2025 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

42nd percentile

0.45x

Higher debt load relative to revenue than 42% of similar nonprofits.

2025 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2025

Net Margin

13th percentile

-13%

Higher net margin than 13% of similar nonprofits.

2025 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

88th percentile

$20,595

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2025 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2025

Asset Growth

1st percentile

-16%

Faster asset growth than 1% of similar nonprofits.

2025 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

21st percentile

-2.1%

Faster revenue growth than 21% of similar nonprofits.

2025 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$1,331,293

Down $259,136 (-16%) from 2024

Net Assets

Down

$834,971

Down $140,945 (-14%) from 2024

Liabilities

Down

$496,322

Down $118,191 (-19%) from 2024

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin13th percentile

Revenue

Down

$1,104,749

Down $23,460 (-2.1%) from 2024

Expenses

Up

$1,249,723

Up $87,061 (+7.5%) from 2024

Net Income

Down

-$144,974

Down $110,521 (-321%) from 2024

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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: $975,9162024Assets 2025: $1,331,293Liabilities 2025: $496,322Net Assets 2025: $834,9712025

Highlighted filing

2025

Assets$1,331,293
Liabilities$496,322
Net Assets$834,971
Open 2025 Filing

Operations Trend

Revenue Growth21st percentile

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: -$34,4532024Revenue 2025: $1,104,749Expenses 2025: $1,249,723Net Income 2025: -$144,9742025

Highlighted filing

2025

Revenue$1,104,749
Expenses$1,249,723
Net Income-$144,974
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Apr 20, 2026
Return Version
2025v4.1
Gross Receipts
$1,104,749
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$1,157,630$1,116,609▼ $41,021
Pd in Cap Srpls Land Bldg Eqp Fund$1,020,303$1,020,481▲ $178
Cap Stk Tr Prin Current Funds$167,303$171,153▲ $3,850
Accounts Receivable$95,423$102,103▲ $6,680
Cash and Non-Interest-Bearing Accounts$225,924$70,429▼ $155,495
Savings and Temporary Cash Investments$111,452$42,152▼ $69,300
Rtn Earn Endowment Incm Other Fnds$-211,690$-356,663▼ $144,973
Total Assets$1,590,429$1,331,293▼ $259,136
Liabilities
Unsecured Notes Loans Payable$533,647$430,353▼ $103,294
Accounts Payable and Accrued Expenses$74,746$59,556▼ $15,190
Other Liabilities$6,120$6,413▲ $293
Total Liabilities$614,513$496,322▼ $118,191
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$975,916--
Total Net Assets Fund Balance$975,916$834,971▼ $140,945
Total Liabilities and Net Assets / Fund Balance$1,590,429$1,331,293▼ $259,136

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,065,128$2,580,534-
Land$24,456--
Equipment$27,025$26,408-
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeffrey H UnderwoodTreasurerPT$20,595$20,595
Dale LisbyPresidentPT$5,840$5,840
Jay FloydVice PresidentPT$3,015$3,015
Alain BouvierSecretaryPT$2,270$2,270
Brad BarrowDirector-$1,440$1,440
Jodie RichardsonDirector-$1,440$1,440
Jon RichardsonDirector-$1,440$1,440
Scott MooreDirector-$1,440$1,440
Billy E GilesDirector-$840$840
Donald G HousmanDirector-$840$840
Ashton LisbyRecording Secretary-$625$625
Ross M ChitwoodDirector-$120$120

Highest Paid Contractors

ContractorServicesLocationCompensation
Bynum Fanyo UtilitiesSystem Operator3499 W Maple Grove Road, Bloomington, IN 47404$421,860
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,102,529
Investment Income
$2,220
Other Revenue
$0
Change in Net Assets
$-144,974
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,229,418
Salaries, Compensation, and Employee Benefits$20,305
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$67,021--$67,021
All Other Expenses$54,490--$54,490
Interest$39,746--$39,746
Fees for Services Accounting-$27,028-$27,028
Current Officers, Directors, Trustees, and Key Employees-$20,305-$20,305
Office Expenses$12,909$5,961-$18,870
Occupancy$18,000--$18,000
Insurance$8,563--$8,563
Other Expenses$3,477--$3,477
Fees for Services Legal-$635-$635
Advertising$214--$214
Total Functional Expenses$1,195,794$53,929$0$1,249,723
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax$6,413
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
Yes
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“They were reviewed at a regular Board of Directors meeting”

Part VI Line 19

“They were available at the Annual Meeting, Regular Board meetings”

Part VI, Line 2

“Jon & Jodie Richarson are directors and siblings”

Part VI, Line 11B

“It is reviewed at a regualar meeting of the Board of Directors”

Part VI, Line 19

“They were available at the Annua”

Filing and Contact Details

Filer

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

Signing Officer

Name
Alain Bouvier
Title
Secretary
Phone
8126064478
Signed
2026-04-20
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
In
Voting Board Members
1,885
Independent Board Members
1,885
Employees
0

Preparer

Firm
Jeffrey H Underwood CPA
Address
6372 E Cox Drive, Bloomington, IN 47408
Preparer
Jeffrey H Underwood
Phone
8123320577
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt03645662
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06413
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0They were reviewed at a regular Board of Directors meeting
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1They were available at the Annual Meeting, Regular Board meetings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Jon & Jodie Richarson are directors and siblings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3It is reviewed at a regualar meeting of the Board of Directors
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IRS990/USAddress/ZIPCd047408
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IRS990/VotingMembersIndependentCnt01885
IRS990/WebsiteAddressTxt0bandbwaterproject.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAIN BOUVIER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum08126064478
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-04-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0B&B Water Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0BBWA
ReturnHeader/Filer/EIN0351144643
ReturnHeader/Filer/InCareOfNm0% Alain Bouvier
ReturnHeader/Filer/PhoneNum08123320577
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 7287
ReturnHeader/Filer/USAddress/CityNm0Bloomington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd047407
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872772674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jeffrey H Underwood CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06372 E Cox Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bloomington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047408
ReturnHeader/PreparerPersonGrp/PhoneNum08123320577
ReturnHeader/PreparerPersonGrp/PreparationDt02026-04-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY H UNDERWOOD
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-04-20T15:57:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,331,293
Liabilities
$496,322
Net assets
$834,971
Revenue
$1,104,749
Expenses
$1,249,723
Net income
-$144,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.33$0.50$0.83$1.10$1.25$0.14
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