Civic Intelligence

Jersey County Rural Water Company

EIN 37-0971430 • 501(c)12 • Jerseyville, IL

Profile

Providing water service to rural customers.

1009 State Highway 16Jerseyville, IL 62052

jcrw.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.33x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

49th percentile

1.18x

Higher debt load relative to revenue than 49% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Net Margin

48th percentile

7.4%

Higher net margin than 48% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

73rd percentile

$155,132

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

501(c)12 • $10M-$25M nonprofits • Source year 2025

Asset Growth

39th percentile

1.8%

Faster asset growth than 39% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

28%

Faster revenue growth than 84% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Up

$21,546,057

Up $388,448 (+1.8%) from 2024

Liabilities

Down

$7,100,513

Down $59,691 (-0.8%) from 2024

Net Assets

Up

$14,445,544

Up $448,139 (+3.2%) from 2024

Revenue

Up

$6,041,489

Up $1,322,040 (+28%) from 2024

Expenses

Up

$5,593,350

Up $860,569 (+18%) from 2024

Net Income

Up

$448,139

Up $461,471 (+3461%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2015: $16,003,707Liabilities 2015: $3,720,022Net Assets 2015: $12,283,6852015Assets 2016: $16,166,986Liabilities 2016: $2,917,286Net Assets 2016: $13,249,7002016Assets 2017: $15,444,163Liabilities 2017: $2,213,412Net Assets 2017: $13,230,7512017Assets 2018: $15,128,782Liabilities 2018: $1,843,852Net Assets 2018: $13,284,9302018Assets 2019: $14,097,100Liabilities 2019: $821,687Net Assets 2019: $13,275,4132019Assets 2020: $15,543,133Liabilities 2020: $1,960,533Net Assets 2020: $13,582,6002020Assets 2021: $15,555,185Liabilities 2021: $1,781,576Net Assets 2021: $13,773,6092021Assets 2022: $18,588,896Liabilities 2022: $4,732,709Net Assets 2022: $13,856,1872022Assets 2023: $20,561,773Liabilities 2023: $6,551,036Net Assets 2023: $14,010,7372023Assets 2024: $21,157,609Liabilities 2024: $7,160,204Net Assets 2024: $13,997,4052024Assets 2025: $21,546,057Liabilities 2025: $7,100,513Net Assets 2025: $14,445,5442025

Highlighted filing

2025

Assets$21,546,057
Liabilities$7,100,513
Net Assets$14,445,544

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2015: $4,991,137Expenses 2015: $2,887,197Net Income 2015: $2,103,9402015Revenue 2016: $4,228,712Expenses 2016: $3,262,697Net Income 2016: $966,0152016Revenue 2017: $3,898,390Expenses 2017: $3,917,339Net Income 2017: -$18,9492017Revenue 2018: $3,439,462Expenses 2018: $3,385,283Net Income 2018: $54,1792018Revenue 2019: $3,326,237Expenses 2019: $3,335,754Net Income 2019: -$9,5172019Revenue 2020: $3,389,106Expenses 2020: $3,081,919Net Income 2020: $307,1872020Revenue 2021: $3,532,834Expenses 2021: $3,341,825Net Income 2021: $191,0092021Revenue 2022: $3,733,288Expenses 2022: $3,650,710Net Income 2022: $82,5782022Revenue 2023: $4,718,476Expenses 2023: $4,563,926Net Income 2023: $154,5502023Revenue 2024: $4,719,449Expenses 2024: $4,732,781Net Income 2024: -$13,3322024Revenue 2025: $6,041,489Expenses 2025: $5,593,350Net Income 2025: $448,1392025

Highlighted filing

2025

Revenue$6,041,489
Expenses$5,593,350
Net Income$448,139

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Feb 19, 2025
Return Version
2024v5.0
Gross Receipts
$6,041,489
Mission and Program Overview

Mission

Providing water service to rural customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,379,658$15,765,574▼ $614,084
Cash and Non-Interest-Bearing Accounts$1,262,205$1,970,134▲ $707,929
Accounts Receivable$643,458$948,262▲ $304,804
Inventories for Sale or Use$598,413$533,637▼ $64,776
Savings and Temporary Cash Investments$143,776$148,233▲ $4,457
Prepaid Expenses and Deferred Charges$2,540$2,906▲ $366
Total Assets$21,157,609$21,546,057▲ $388,448
Other Assets Total$2,127,559$2,177,311▲ $49,752
Liabilities
Unsecured Notes Loans Payable$6,390,769$6,091,952▼ $298,817
Accounts Payable and Accrued Expenses$496,420$688,991▲ $192,571
Other Liabilities$273,015$316,970▲ $43,955
Deferred Revenue-$2,600-
Total Liabilities$7,160,204$7,100,513▼ $59,691
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,997,405$14,445,544▲ $448,139
Total Net Assets Fund Balance$13,997,405$14,445,544▲ $448,139
Total Liabilities and Net Assets / Fund Balance$21,157,609$21,546,057▲ $388,448

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,036,692$13,558,892$28,595,584
Equipment$213,864$1,041,244$1,255,108
Buildings$196,470$393,703$590,173
Land$318,548-$318,548
Other Assets Org$2,177,311--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory BatesGeneral ManaFT$130,309$24,823$155,132
Gregory BatesGeneral Manager-$130,309$24,823$155,132
Allen DavenportDirector-pre-$1,650-$1,650
Michael Wayne KielDirector-tre-$1,225-$1,225
John MaherDirector-sec-$1,200-$1,200
Michael SpringmanDirector-$1,200-$1,200
Cole SnyderDirector-$1,100-$1,100
Rick PrangerDirector-$1,100-$1,100
David ElliottDirector-vic-$925-$925
Revenue and Support

Revenue Composition

Contributions and Grants
$48,000
Program Service Revenue
$5,892,567
Investment Income
$100,392
Other Revenue
$530
Change in Net Assets
$448,139

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,041,489
Total Revenue per Audited Statements
$6,041,489
Total Revenue per Form 990
$6,041,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,419,516
Salaries, Compensation, and Employee Benefits$1,173,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$789,700$59,440-$849,140
Other Salaries and Wages$645,346$171,889-$817,235
Other Employee Benefits$168,447$44,777-$213,224
Occupancy$115,765$20,429-$136,194
All Other Expenses$77,483$31,373-$108,856
Office Expenses$43,640$57,061-$100,701
Interest$99,478--$99,478
Pension Plan Contributions$56,449$14,838-$71,287
Payroll Taxes$50,414$13,274-$63,688
Information Technology-$61,096-$61,096
Travel$54,837$6,093-$60,930
Other Expenses$240,847$53,571-$53,571
Fees for Services Other$51,279--$51,279
Insurance$33,027$12,844-$45,871
Fees for Services Legal$3,349$10,049-$13,398
Fees for Services Accounting-$9,700-$9,700
Current Officers, Directors, Trustees, and Key Employees-$8,400-$8,400
Advertising-$8,053-$8,053
Conferences and Meetings$3,034$1,180-$4,214
Fees for Services Management-$1,750-$1,750
Total Functional Expenses$5,007,533$585,817$0$5,593,350

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,593,350
Total Expenses per Audited Statements$5,593,350
Total Expenses per Form 990$5,593,350
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
Customer Deposits$316,970
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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

Form 990, Page 6, Part VI, Line 7A

Every property owner who buys water from the company has one vote at the annual meeting. The votes are used to elect the directors whose terms have expired. The votes can only be used on those individuals who have properly filed as candidates for directors.

Form 990, Page 6, Part VI, Line 11B

A member of the audit firm presents each board member a copy of the draft form 990 during a monthly board meeting. There is a thorough review of the return with time allotted for questions by the board members.

Form 990, Page 6, Part VI, Line 19

The company makes its governing documents and financial statements available to the public by having copies at the comapny's office which are available upon request.

Filing and Contact Details

Filer

Filer Name
Jersey County Rural Water Company
EIN
37-0971430
Phone
6184989534
Address
1009 STATE HIGHWAY 16, JERSEYVILLE, IL 62052

Signing Officer

Name
Gregory Bates
Title
General Manager
Phone
6184989534
Signed
2025-02-19

Organization Details

Principal Officer
Allen Davenport
Formed
1972
Legal Domicile
Il
Voting Board Members
7
Independent Board Members
7
Employees
16

Preparer

Firm
Cj Schlosser & Company LLC
Address
233 E CENTER DR, ALTON, IL 62002-5931
Preparer
Kevin J Tepen
Phone
6184657717
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

The company is a not-for-profit organization that is exempt from income taxes under section 501(c)(12) of the internal revenue code and is classified by the internal revenue service as other than a private organization. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. The company has adopted the provisions of fasb asc 740-10-25 (formerly fasb interpretation no. 48, accounting for uncertainty in income taxes - an interpretation of fasb no. 109) requiring disclosure of uncertain tax positions. There has been no interest or penalties recognized in the statement of activities nor in the statement of financial position related to uncertain tax positions. In addition, no tax positions exist for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly increase or decrease within the next 12 months. Tax years remaining open as of september 30, 2025, are the past three years ended september 30, 2022 through 2024. The company evaluates any uncertain tax positions on a continual basis through review of its policies and procedures and discussions with outside experts.

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IRS990/OtherExpensesGrp/TotalAmt2240847
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0171889
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013274
IRS990/PayrollTaxesGrp/ProgramServicesAmt050414
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014838
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt056449
IRS990/PensionPlanContributionsGrp/TotalAmt071287
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02540
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IRS990/PrincipalOfficerNm0ALLEN DAVENPORT
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IRS990/ProgramServiceRevenueGrp/Desc1CONNECTION FEES AND CHARGES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1793325
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0393703
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0590173
IRS990ScheduleD/EquipmentGrp/BookValueAmt0213864
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01041244
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01255108
IRS990ScheduleD/ExpensesSubtotalAmt05593350
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IRS990ScheduleD/LandGrp/BookValueAmt0318548
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0318548
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02177311
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ADVANCE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt015036692
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE ORGANIZATION. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE COMPANY HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10-25 (FORMERLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES - AN INTERPRETATION OF FASB NO. 109) REQUIRING DISCLOSURE OF UNCERTAIN TAX POSITIONS. THERE HAS BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENT OF ACTIVITIES NOR IN THE STATEMENT OF FINANCIAL POSITION RELATED TO UNCERTAIN TAX POSITIONS. IN ADDITION, NO TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE WITHIN THE NEXT 12 MONTHS. TAX YEARS REMAINING OPEN AS OF SEPTEMBER 30, 2025, ARE THE PAST THREE YEARS ENDED SEPTEMBER 30, 2022 THROUGH 2024. THE COMPANY EVALUATES ANY UNCERTAIN TAX POSITIONS ON A CONTINUAL BASIS THROUGH REVIEW OF ITS POLICIES AND PROCEDURES AND DISCUSSIONS WITH OUTSIDE EXPERTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0GREGORY BATES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EVERY PROPERTY OWNER WHO BUYS WATER FROM THE COMPANY HAS ONE VOTE AT THE ANNUAL MEETING. THE VOTES ARE USED TO ELECT THE DIRECTORS WHOSE TERMS HAVE EXPIRED. THE VOTES CAN ONLY BE USED ON THOSE INDIVIDUALS WHO HAVE PROPERLY FILED AS CANDIDATES FOR DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A MEMBER OF THE AUDIT FIRM PRESENTS EACH BOARD MEMBER A COPY OF THE DRAFT FORM 990 DURING A MONTHLY BOARD MEETING. THERE IS A THOROUGH REVIEW OF THE RETURN WITH TIME ALLOTTED FOR QUESTIONS BY THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPANY MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY HAVING COPIES AT THE COMAPNY'S OFFICE WHICH ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/USAddress/AddressLine1Txt027897 STATE HIGHWAY 3
IRS990/USAddress/CityNm0GODFREY
IRS990/USAddress/StateAbbreviationCd0IL
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY BATES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum06184989534
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JERSEY COUNTY RURAL WATER COMPANY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0JERS
ReturnHeader/Filer/EIN0370971430
ReturnHeader/Filer/PhoneNum06184989534
ReturnHeader/Filer/USAddress/AddressLine1Txt01009 STATE HIGHWAY 16
ReturnHeader/Filer/USAddress/CityNm0JERSEYVILLE
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371031116
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CJ SCHLOSSER & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0233 E CENTER DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL

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