Civic Intelligence

Jasper Water Works Corporation

EIN 37-1326643 • 501(c)12 • Fairfield, IL

Profile

To provide water to rural residents

115 Northeast Third StreetFairfield, IL 62837

n/A

Siviq Scores

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

Liabilities / Assets

87th percentile

0.59x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

3.50x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

29th percentile

-2.8%

Higher net margin than 29% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Asset Growth

21st percentile

-3.3%

Faster asset growth than 21% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-2.8%

Faster revenue growth than 21% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,014,480

Down $101,768 (-3.3%) from 2023

Liabilities

Down

$1,786,975

Down $88,520 (-4.7%) from 2023

Net Assets

Down

$1,227,505

Down $13,248 (-1.1%) from 2023

Revenue

Down

$509,960

Down $14,931 (-2.8%) from 2023

Expenses

Up

$524,358

Up $10,226 (+2.0%) from 2023

Net Income

Down

-$14,398

Down $25,157 (-234%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $3,737,958Liabilities 2012: $2,456,507Net Assets 2012: $1,281,4512012Assets 2013: $3,680,568Liabilities 2013: $2,415,848Net Assets 2013: $1,264,7202013Assets 2014: $3,600,261Liabilities 2014: $2,376,761Net Assets 2014: $1,223,5002014Assets 2015: $3,526,837Liabilities 2015: $2,334,493Net Assets 2015: $1,192,3442015Assets 2016: $3,475,703Liabilities 2016: $2,292,018Net Assets 2016: $1,183,6852016Assets 2017: $3,431,361Liabilities 2017: $2,241,913Net Assets 2017: $1,189,4482017Assets 2018: $3,392,153Liabilities 2018: $2,197,219Net Assets 2018: $1,194,9342018Assets 2019: $3,359,558Liabilities 2019: $2,145,496Net Assets 2019: $1,214,0622019Assets 2020: $3,333,539Liabilities 2020: $2,102,523Net Assets 2020: $1,231,0162020Assets 2021: $3,263,828Liabilities 2021: $2,047,793Net Assets 2021: $1,216,0352021Assets 2022: $3,190,564Liabilities 2022: $1,961,416Net Assets 2022: $1,229,1482022Assets 2023: $3,116,248Liabilities 2023: $1,875,495Net Assets 2023: $1,240,7532023Assets 2024: $3,014,480Liabilities 2024: $1,786,975Net Assets 2024: $1,227,5052024

Highlighted filing

2024

Assets$3,014,480
Liabilities$1,786,975
Net Assets$1,227,505

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2012: $408,4282012Revenue 2013: $389,117Expenses 2013: $405,848Net Income 2013: -$16,7312013Revenue 2014: $394,633Expenses 2014: $435,853Net Income 2014: -$41,2202014Revenue 2015: $400,638Expenses 2015: $431,794Net Income 2015: -$31,1562015Revenue 2016: $388,508Expenses 2016: $397,167Net Income 2016: -$8,6592016Revenue 2017: $394,578Expenses 2017: $388,815Net Income 2017: $5,7632017Revenue 2018: $405,747Expenses 2018: $400,261Net Income 2018: $5,4862018Revenue 2019: $412,401Expenses 2019: $393,273Net Income 2019: $19,1282019Revenue 2020: $421,651Expenses 2020: $404,697Net Income 2020: $16,9542020Revenue 2021: $426,786Expenses 2021: $441,767Net Income 2021: -$14,9812021Revenue 2022: $485,108Expenses 2022: $471,599Net Income 2022: $13,5092022Revenue 2023: $524,891Expenses 2023: $514,132Net Income 2023: $10,7592023Revenue 2024: $509,960Expenses 2024: $524,358Net Income 2024: -$14,3982024

Highlighted filing

2024

Revenue$509,960
Expenses$524,358
Net Income-$14,398

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.01$1.79$1.23$0.51$0.52$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.12$1.88$1.24$0.52$0.51$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$1.96$1.23$0.49$0.47$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.26$2.05$1.22$0.43$0.44$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$2.10$1.23$0.42$0.40$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.36$2.15$1.21$0.41$0.39$0.02
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.39$2.20$1.19$0.41$0.40$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.43$2.24$1.19$0.39$0.39$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.48$2.29$1.18$0.39$0.40$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.53$2.33$1.19$0.40$0.43$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.60$2.38$1.22$0.39$0.44$0.04
2013Detailed filing. Detailed filing data is available for this year.$3.68$2.42$1.26$0.39$0.41$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$2.46$1.28$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.2
Gross Receipts
$509,960
Mission and Program Overview

Mission

To provide water to rural residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,190,373$2,075,274▼ $115,099
Savings and Temporary Cash Investments$822,676$827,943▲ $5,267
Accounts Receivable$66,236$70,233▲ $3,997
Cash and Non-Interest-Bearing Accounts$35,065$38,541▲ $3,476
Prepaid Expenses and Deferred Charges$1,898$2,489▲ $591
Total Assets$3,116,248$3,014,480▼ $101,768
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,839,807$1,740,779▼ $99,028
Accounts Payable and Accrued Expenses$35,688$46,196▲ $10,508
Total Liabilities$1,875,495$1,786,975▼ $88,520
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,240,753$1,227,505▼ $13,248
Total Net Assets Fund Balance$1,240,753$1,227,505▼ $13,248
Total Liabilities and Net Assets / Fund Balance$3,116,248$3,014,480▼ $101,768

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,075,274$2,253,323$4,328,597
Land$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Keith BaumannPresident
Curtis EndsleyDirector
Johnny BakerDirector
Justin AtwoodDirector
Linda BarnardDirector
Paul FearnDirector
Darrin RiceSecretary
Joshua DotyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$489,757
Investment Income
$20,203
Other Revenue
$0
Change in Net Assets
$-14,398

Audited Revenue Reconciliation

Revenue per Audited Statements
$509,960
Revenue Not Reported on Form 990
$2,350
Total Revenue per Audited Statements
$512,310
Total Revenue per Form 990
$509,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$524,358
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$239,978$0$0$239,978
Depreciation Depletion$126,349$0$0$126,349
Interest$49,369$0$0$49,369
All Other Expenses$22,775$0$0$22,775
Fees for Services Legal$0$9,878$0$9,878
Fees for Services Accounting$0$7,900$0$7,900
Insurance$5,258$360$0$5,618
Occupancy$1,661$0$0$1,661
Office Expenses$0$446$0$446
Total Functional Expenses$498,775$25,583$0$524,358

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$525,558
Expenses per Audited Statements$524,358
Total Expenses per Form 990$524,358
Expenses Not Reported on Form 990$1,200
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Organization SecretaryBookkeeping and Legal FeesNo$9,878
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
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Jasper Water Works Corporation
EIN
37-1326643
Phone
6188422666
Address
115 NORTHEAST THIRD STREET, FAIRFIELD, IL 62837

Signing Officer

Name
Keith Baumann
Title
President
Phone
6188422666
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Baumann
Formed
1994
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Kent E Reeves CPA
Address
101 EAST DELAWARE SUITE B, FAIRFIELD, IL 62837
Preparer
Kent E Reeves
Phone
6188424954
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Each customer is considered a member with equal voting rights per IRC 501(c)(12).

Pt VI, Line 7A

Directors are elected at an annual meeting by the membership.

Pt VI, Line 7B

All activities of the directors are subject to ratification by the members at the annual meeting.

Pt VI, Line 11B

Form 990 is reviewed by the directors at a monthly board meeting prior to filing.

Pt VI, Line 12C

The conflict of interest policy is reviewed annually by the directors.

Pt VI, Line 19

Governing documents, conflict of interest statements, and financial statements are available at the corporate office and at the annual meeting of the members.

Raw XML Appendix391 raw XML fields

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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IRS990/ProgramServiceRevenueGrp/Desc4Meter reading
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010080
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1461675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2525
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt382
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt414525
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt40
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt034420
IRS990/PYInvestmentIncomeAmt011896
IRS990/PYOtherExpensesAmt0514132
IRS990/PYProgramServiceRevenueAmt0478575
IRS990/PYRevenuesLessExpensesAmt010759
IRS990/PYTotalExpensesAmt0514132
IRS990/PYTotalRevenueAmt0524891
IRS990/ReconcilationRevenueExpnssAmt0-14398
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0489757
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0822676
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0827943
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01200
IRS990ScheduleD/DonatedServicesUseFcltsAmt01200
IRS990ScheduleD/EquipmentGrp/BookValueAmt02075274
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02253323
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04328597
IRS990ScheduleD/ExpensesNotReportedAmt01200
IRS990ScheduleD/ExpensesSubtotalAmt0524358
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01150
IRS990ScheduleD/RevenueNotReportedAmt02350
IRS990ScheduleD/RevenueSubtotalAmt0509960
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02075274
IRS990ScheduleD/TotalExpensesPerForm990Amt0524358
IRS990ScheduleD/TotalRevenuePerForm990Amt0509960
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0512310
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0525558
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0FYIE AND RICE LAW OFFICE LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ORGANIZATION SECRETARY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09878
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0BOOKKEEPING AND LEGAL FEES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Each customer is considered a member with equal voting rights per IRC 501(c)(12).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors are elected at an annual meeting by the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All activities of the directors are subject to ratification by the members at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Form 990 is reviewed by the directors at a monthly board meeting prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The conflict of interest policy is reviewed annually by the directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents, conflict of interest statements, and financial statements are available at the corporate office and at the annual meeting of the members.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03116248
IRS990/TotalAssetsEOYAmt03014480
IRS990/TotalAssetsGrp/BOYAmt03116248
IRS990/TotalAssetsGrp/EOYAmt03014480
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025583
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0498775
IRS990/TotalFunctionalExpensesGrp/TotalAmt0524358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01875495
IRS990/TotalLiabilitiesEOYAmt01786975
IRS990/TotalLiabilitiesGrp/BOYAmt01875495
IRS990/TotalLiabilitiesGrp/EOYAmt01786975
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01240753
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01227505
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt02870
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0498775
IRS990/TotalProgramServiceRevenueAmt0489757
IRS990/TotalRevenueGrp/ExclusionAmt020203
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0489757
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0509960
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03116248
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03014480
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 437
IRS990/USAddress/CityNm0FAIRFIELD
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062837
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH BAUMANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06188422666
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0JASPER WATER WORKS CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0JASP
ReturnHeader/Filer/EIN0371326643
ReturnHeader/Filer/PhoneNum06188422666
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 NORTHEAST THIRD STREET
ReturnHeader/Filer/USAddress/CityNm0FAIRFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062837
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371264297
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KENT E REEVES CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 EAST DELAWARE SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd062837
ReturnHeader/PreparerPersonGrp/PhoneNum06188424954
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kent E Reeves
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-13T06:00:07-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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