Civic Intelligence

Southwater Inc

990 • Fiscal year 2012 • EIN 37-1338297

Jan 01, 2012 to Dec 31, 2012 • Filed on Mar 15, 2013

Organization ProfileWWW.SIEC.ORG/INDEX.PHP/SOUTHWATER-INC
PO Box 10062926
Siviq Scores

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

Liabilities / Assets

68th percentile

0.50x

Higher debt load relative to assets than 68% of similar nonprofits.

2012 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

32nd percentile

-0.8%

Faster asset growth than 32% of similar nonprofits.

2012 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$12,053,267

Down $91,680 (-0.8%) from 2011

Net Assets

Down

$6,016,788

Down $116,501 (-1.9%) from 2011

Liabilities

Up

$6,036,479

Up $24,821 (+0.4%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,772,264

Up $89,033 (+5.3%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$15M$10M$5.0M$0Assets 2010: $11,636,999Liabilities 2010: $5,694,673Net Assets 2010: $5,942,3262010Assets 2011: $12,144,947Liabilities 2011: $6,011,658Net Assets 2011: $6,133,2892011Assets 2012: $12,053,267Liabilities 2012: $6,036,479Net Assets 2012: $6,016,7882012Assets 2013: $11,738,042Liabilities 2013: $6,282,091Net Assets 2013: $5,455,9512013Assets 2014: $11,260,106Liabilities 2014: $6,136,156Net Assets 2014: $5,123,9502014Assets 2015: $10,865,989Liabilities 2015: $6,006,555Net Assets 2015: $4,859,4342015Assets 2016: $10,333,596Liabilities 2016: $5,857,372Net Assets 2016: $4,476,2242016Assets 2017: $9,698,445Liabilities 2017: $5,722,354Net Assets 2017: $3,976,0912017Assets 2018: $9,641,986Liabilities 2018: $6,038,940Net Assets 2018: $3,603,0462018Assets 2019: $9,206,361Liabilities 2019: $5,852,468Net Assets 2019: $3,353,8932019Assets 2020: $8,659,097Liabilities 2020: $5,731,374Net Assets 2020: $2,927,7232020Assets 2021: $8,152,162Liabilities 2021: $5,470,957Net Assets 2021: $2,681,2052021Assets 2022: $7,565,278Liabilities 2022: $5,260,797Net Assets 2022: $2,304,4812022Assets 2023: $7,151,546Liabilities 2023: $5,825,913Net Assets 2023: $1,325,6332023Assets 2024: $7,634,794Liabilities 2024: $6,556,142Net Assets 2024: $1,078,6522024

Highlighted filing

2012

Assets$12,053,267
Liabilities$6,036,479
Net Assets$6,016,788
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,568,0112010Expenses 2011: $1,683,2312011Expenses 2012: $1,772,2642012Revenue 2013: $1,229,562Expenses 2013: $1,790,399Net Income 2013: -$560,8372013Revenue 2014: $1,410,151Expenses 2014: $1,742,152Net Income 2014: -$332,0012014Revenue 2015: $1,453,957Expenses 2015: $1,726,473Net Income 2015: -$272,5162015Revenue 2016: $1,455,671Expenses 2016: $1,838,881Net Income 2016: -$383,2102016Revenue 2017: $1,359,393Expenses 2017: $1,859,526Net Income 2017: -$500,1332017Revenue 2018: $1,419,646Expenses 2018: $1,792,691Net Income 2018: -$373,0452018Revenue 2019: $1,554,476Expenses 2019: $1,780,857Net Income 2019: -$226,3812019Revenue 2020: $1,388,820Expenses 2020: $1,814,990Net Income 2020: -$426,1702020Revenue 2021: $1,585,503Expenses 2021: $1,832,021Net Income 2021: -$246,5182021Revenue 2022: $1,595,820Expenses 2022: $1,972,544Net Income 2022: -$376,7242022Revenue 2023: $1,574,104Expenses 2023: $2,218,113Net Income 2023: -$644,0092023Revenue 2024: $2,190,455Expenses 2024: $2,437,436Net Income 2024: -$246,9812024

Highlighted filing

2012

Revenue-
Expenses$1,772,264
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Mar 15, 2013
Return Version
2012v2.1
Gross Receipts
$1,655,763
Mission and Program Overview

Mission

Provide water services for communities and farm dwellings in rural southern illinois. Southwater operates a regional potable water treatment and distribution system.

Filing and Contact Details

Filer

EIN
37-1338297
Raw XML Appendix395 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.

Path#Value
IRS990/AccountantCompileOrReview0false
IRS990/AccountsPayableAccruedExpenses/BOY0160127
IRS990/AccountsPayableAccruedExpenses/EOY0232729
IRS990/AccountsReceivable/BOY0123982
IRS990/AccountsReceivable/EOY0148671
IRS990/ActivitiesConductedPartnership0false
IRS990/ActivityOrMissionDescription0PROVIDE WATER SERVICES FOR COMMUNITIES AND FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS. SOUTHWATER OPERATES A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM.
IRS990/AddressPrincipalOfficerUS/AddressLine10PO BOX 100
IRS990/AddressPrincipalOfficerUS/City0DONGOLA
IRS990/AddressPrincipalOfficerUS/State0IL
IRS990/AddressPrincipalOfficerUS/ZIPCode062926
IRS990/AuditCommittee0true
IRS990/BenefitsPaidToMembersCY00
IRS990/BsnssRltnshpThruFamilyMember0false
IRS990/BsnssRltnshpWithOrganization0false
IRS990/CashNonInterestBearing/BOY0185218
IRS990/CashNonInterestBearing/EOY0254276
IRS990/ChangesToOrganizingDocs0false
IRS990/CollectionsOfArt0false
IRS990/CompensationFromOtherSources0false
IRS990/CompensationProcessCEO0true
IRS990/CompensationProcessOther0true
IRS990/ComplianceWithBackupWitholding0true
IRS990/ConflictOfInterestPolicy0false
IRS990/ConservationEasements0false
IRS990/ConsolidatedAuditFinancialStmt0false
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine10PO BOX 866
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City0BENTON
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State0IL
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode062812
IRS990/ContractorCompensation/Compensation0321417
IRS990/ContractorCompensation/DescriptionOfServices0GENERAL CONTRAC
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10WIGGS EXCAVATING
IRS990/ContributionsGrantsCurrentYear0512500
IRS990/ContributionsGrantsPriorYear0863320
IRS990/CreditCounseling0false
IRS990/DecisionsSubjectToApproval0false
IRS990/DeductibleContributionsOfArt0false
IRS990/DeductibleNonCashContributions0false
IRS990/DelegationOfManagementDuties0true
IRS990/DepreciationDepletion/ProgramServices0738689
IRS990/DepreciationDepletion/Total0738689
IRS990/DescribedIn501C30false
IRS990/Description0SOUTHWATER PROVIDES WATER TO COMMUNITIES AND TO FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS WITH A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM. IN 2012, SOUTHWATER PROCESSED AND DELIVERED 264 MILLION GALLONS OF WATER.
IRS990/DisregardedEntity0false
IRS990/DocumentRetentionPolicy0false
IRS990/DonorAdvisedFunds0false
IRS990/ElectionOfBoardMembers0true
IRS990/EmploymentTaxReturnsFiled0true
IRS990/ExcessBenefitTransaction0false
IRS990/Expense01772264
IRS990/FamilyOrBusinessRelationship0false
IRS990/FederalGrantAuditPerformed0true
IRS990/FederalGrantAuditRequired0true
IRS990/FeesForServicesAccounting/ProgramServices05150
IRS990/FeesForServicesAccounting/Total05150
IRS990/FeesForServicesLegal/ProgramServices02835
IRS990/FeesForServicesLegal/Total02835
IRS990/FeesForServicesManagement/ProgramServices047170
IRS990/FeesForServicesManagement/Total047170
IRS990/FollowSFAS1170X
IRS990/ForeignActivities0false
IRS990/ForeignFinancialAccount0false
IRS990/ForeignOffice0false
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek625.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek72.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated015.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeekRelated138.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/NameBusiness/BusinessNameLine10DAVID WILLIS
IRS990/Form990PartVIISectionA/NamePerson0DALE TAAKE
IRS990/Form990PartVIISectionA/NamePerson1SCOTT URY
IRS990/Form990PartVIISectionA/NamePerson2RICHARD MOSS
IRS990/Form990PartVIISectionA/NamePerson3MIKE DEWITT
IRS990/Form990PartVIISectionA/NamePerson4CHARLES HITE
IRS990/Form990PartVIISectionA/NamePerson5CHRIS BOYD
IRS990/Form990PartVIISectionA/NamePerson6JERRI SCHAEFER
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation621749
IRS990/Form990PartVIISectionA/OtherCompensation720309
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization0800
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization1800
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization2600
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization3400
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization4400
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization5200
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization70
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs671029
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs750650
IRS990/Form990PartVIISectionA/Title0PRESIDENT
IRS990/Form990PartVIISectionA/Title1V-PRESIDENT
IRS990/Form990PartVIISectionA/Title2DIRECTOR
IRS990/Form990PartVIISectionA/Title3DIRECTOR
IRS990/Form990PartVIISectionA/Title4DIRECTOR
IRS990/Form990PartVIISectionA/Title5DIRECTOR
IRS990/Form990PartVIISectionA/Title6EXEC. VP
IRS990/Form990PartVIISectionA/Title7SEC./TRES.
IRS990/Form990ProvidedToGoverningBody0true
IRS990/FormersListed0false
IRS990/FSAudited0true
IRS990/FSAuditedBasis/FinancialStatementSeparate0X
IRS990/FundraisingActivities0false
IRS990/Gaming0false
IRS990/GovernmentGrants0512500
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsToIndividuals0false
IRS990/GrantsToOrganizations0false
IRS990/GrantToRelatedPerson0false
IRS990/GrossReceipts01655763
IRS990/GroupReturnForAffiliates0false
IRS990/Hospital0false
IRS990/IndependentAuditFinancialStmt0true
IRS990/IndoorTanningServices0false
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartVII0X
IRS990/Interest/ProgramServices0253476
IRS990/Interest/Total0253476
IRS990/InventoriesForSaleOrUse/BOY034673
IRS990/InventoriesForSaleOrUse/EOY036803
IRS990/InvestmentIncomeCurrentYear0374
IRS990/InvestmentIncome/ExclusionAmount0374
IRS990/InvestmentIncomePriorYear0509
IRS990/InvestmentIncome/TotalRevenueColumn0374
IRS990/InvestmentInJointVenture0false
IRS990/LandBldgEquipmentAccumDeprec08682655
IRS990/LandBuildingsEquipmentBasis020292435
IRS990/LandBuildingsEquipmentBasisNet/BOY011762289
IRS990/LandBuildingsEquipmentBasisNet/EOY011609780
IRS990/LoanToOfficerOrDQP0false
IRS990/LocalChapters0false
IRS990/MaterialDiversionOrMisuse0false
IRS990/MembersOrStockholders0true
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees0true
IRS990/MinutesOfGoverningBody0true
IRS990/MissionDescription0PROVIDE WATER SERVICES FOR COMMUNITIES AND FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS. SOUTHWATER OPERATES A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM.
IRS990/MoreThan5000KToIndividuals0false
IRS990/MoreThan5000KToOrganizations0false
IRS990/MortNotesPyblSecuredInvestProp/BOY05851531
IRS990/MortNotesPyblSecuredInvestProp/EOY05753750
IRS990/NameOfPrincipalOfficerPerson0CHRIS BOYD
IRS990/NbrIndependentVotingMembers05
IRS990/NbrVotingGoverningBodyMembers05
IRS990/NbrVotingMembersGoverningBody05
IRS990/NetAssetsOrFundBalancesBOY06133289
IRS990/NetAssetsOrFundBalancesEOY06016788
IRS990/NonDeductibleContributions0false
IRS990/NumberFormsTransmittedWith109603
IRS990/NumberIndependentVotingMembers05
IRS990/NumberOfContractorsGT100K01
IRS990/NumberOfEmployees05
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ProgramServices0186363
IRS990/Occupancy/Total0186363
IRS990/OfficeExpenses/ProgramServices084266
IRS990/OfficeExpenses/Total084266
IRS990/OfficerEntityWithBsnssRltnshp0false
IRS990/OfficerMailingAddress0false
IRS990/Organization501c0X
IRS990/OtherAssetsTotal/BOY035871
IRS990/OtherEmployeeBenefits/ProgramServices052031
IRS990/OtherEmployeeBenefits/Total052031
IRS990/OtherExpensePriorYear01450740
IRS990/OtherExpensesCurrentYear01507491
IRS990/OtherExpenses/Description0EQUIPMENT RENTAL
IRS990/OtherExpenses/Description1OTHER
IRS990/OtherExpenses/ProgramServices0159982
IRS990/OtherExpenses/ProgramServices129560
IRS990/OtherExpenses/Total0159982
IRS990/OtherExpenses/Total129560
IRS990/OtherNotesLoansReceivableNet/EOY0421
IRS990/OtherRevenueCurrentYear034360
IRS990/OtherRevenueMisc/Description0TAP ON FEES
IRS990/OtherRevenueMisc/RelatedOrExemptFunctionIncome034360
IRS990/OtherRevenueMisc/TotalRevenueColumn034360
IRS990/OtherRevenuePriorYear011210
IRS990/OtherSalariesAndWages/ProgramServices0193677
IRS990/OtherSalariesAndWages/Total0193677
IRS990/PartialLiquidation0false
IRS990/PayrollTaxes/ProgramServices019065
IRS990/PayrollTaxes/Total019065
IRS990/PoliticalActivities0false
IRS990/PrepaidExpensesDeferredCharges/BOY02914
IRS990/PrepaidExpensesDeferredCharges/EOY03316
IRS990/PriorExcessBenefitTransaction0false
IRS990/ProfessionalFundraising0false
IRS990/ProgramServiceRevenueCY01108529
IRS990/ProgramServiceRevenuePriorYear0999156
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome01108529
IRS990/ProgramServiceRevenue/TotalRevenueColumn01108529
IRS990/ProhibitedTaxShelterTrans0false
IRS990/ReconcilationRevenueExpenses0-116501
IRS990/RelatedEntity0true
IRS990/RelatedOrgControlledEntity0false
IRS990/ReportFin48Footnote0true
IRS990/ReportInvestOthSecurities0false
IRS990/ReportLandBldgEquip0true
IRS990/ReportOtherAssets0false
IRS990/ReportOtherLiabilities0false
IRS990/ReportProgRelInvest0false
IRS990/Revenue01655763
IRS990/RevenuesLessExpensesCY0-116501
IRS990/RevenuesLessExpensesPriorYear0190964
IRS990/SalariesEtcCurrentYear0264773
IRS990/SalariesEtcPriorYear0232491
IRS990/ScheduleBRequired0false
IRS990ScheduleD/Equipment/BookValue028677
IRS990ScheduleD/Equipment/Depreciation073784
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis0102461
IRS990ScheduleD/ExpensesSubtotal01772264
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE CORPORATION IS EXEMPT FROM PAYMENT OF FEDERAL AND ILLINOIS INCOME TAXES UNDER SECTION 501 (C)(4) OF THE INTERNAL REVENUE CODE. THE CORPORATION ADOPTED THE PROVISIONS OF ASC TOPIC 740-10-25, "INCOME TAXES RECOGNITION". WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINEED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER POSITIONS TAKEN OR THE AMOUNT OF THE POSITION TAKEN WOULD NOT BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO NONPROFIT ORGANIZATIONS INCLUDE THE ENTITY TAKING A POSITION OF TAX EXEMPT STATUS. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE PORTION THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. THERE WERE NO UNCERTAIN TAX BENEFITS OR LIABILITIES IDENTIFIED UPON THE ADOPTION OF ASC TOPIC 740-10-25 OR AT DECEMBER 31, 2012
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0LIABILITY UNDER FIN 48 FOOTNOTE
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/Land/BookValue0820539
IRS990ScheduleD/Land/OtherCostOrOtherBasis0820539
IRS990ScheduleD/OtherLandBuildings/BookValue010760564
IRS990ScheduleD/OtherLandBuildings/Depreciation08608871
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis019369435
IRS990ScheduleD/RevenueSubtotal01655763
IRS990ScheduleD/TotalExpensesPerForm99001772264
IRS990ScheduleD/TotalOfBookValueLandBuildings011609780
IRS990ScheduleD/TotalRevenuePerForm99001655763
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01772264
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01655763
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0CHRIS BOYD IS AN EMPLOYEE OF SOUTHERN ILLINOIS ELECTRIC COOPERATIVE. A PORTION OF HIS JOB RESPONSIBILITY IS TO SERVE AS EXECUTIVE VICE-PRESIDENT OF SOUTHWATER, INC. AND MANAGE THE DAILY OPERATIONS OF SOUTHWATER INC. ON AN AS NEEDED BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation1SOUTHERN ILLINOIS ELECTRIC COOPERATIVE IS THE SOLE MEMBER OF SOUTHWATER, INC. THE SOLE MEMBER ELECTS THE SOUTHWATER BOARD OF DIRECTORS AT AN ANNUAL MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation2THE SOLE MEMBER ELECTS THE SOUTHWATER, INC. BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation3ALL MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation4SOUTHERN ILLINOIS ELECTRIC COOPERATIVE (THE SOLE MEMBER) EMPLOYEE CHRIS BOYD PROVIDES CEO SERVICES. SOUTHWATER INC. BOARD OF DIRECTORS APPROVES THE AMOUNTS BILLED FOR THESE SERVICES AS REASONABLE AND REPRESENTATIVE OF FAIR VALUE FOR THE SERVICES PREFORMED.
IRS990ScheduleO/GeneralExplanation/Explanation5SOUTHERN ILLINOIS ELECTRIC COOPERATIVE (THE SOLE MEMBER) EMPLOYEE JERRI SCHAEFER PROVIDES CFO SERVICES. SOUTHWATER INC. BOARD OF DIRECTORS APPROVES THE AMOUNT BILLED FOR THESE SERVICES AS REASONABLE AND REPRESENTATIVE OF FAIR VALUE FOR THE SERVICES PERFORMED.
IRS990ScheduleO/GeneralExplanation/Explanation6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7CHRIS BOYED IS AN EMPLOYEE OF SOUTHERN ILLINOIS ELECTRIC COOPERATIVE, A RELATED ORGANIZATION. A PORTION OF HIS JOB RESPONSIBILITY IS TO SERVE AS EXECUTIVE VICE-PRESIDENT OF SOUTHERWATER, INC. AND MANAGE THE DAILY OPERATIONS OF SOUTHWATER INC. ON AN AS NEEDED BASIS. DURING FISCAL YEAR 2012 CHRIS SPENT AN ESTIMATED 25 HOURS PER WEEK DEVOTED TO HIS DUTIES AS AN EMPLOYEE OF SOUTHERN ILLINOIS ELECTRIC COOPERATIVE. JERRI SCHAEFER IS AN EMPLOYEE OF SOUTHERN ILLINOIS ELECTRIC COOPERATIVE, A RELATED ORGANIZATION. A PORTION OF HER JOB RESPONSIBILTY IS TO PROVIDE CFO SERVICES TO SOUTHWATER, INC ON AN AS NEEDED BASIS. DURING FISCAL YEAR 2012 JERRI SPENT AN ESTIMATED 2 HOURS PER WEEK DEVOTED TO HER DUTIES AS AN EMPLOYEE OF SOUTHERN ILLINOIS ELECTRIC COOPERATIVE.
IRS990ScheduleO/GeneralExplanation/Identifier0MANAGEMENT DELEGATED
IRS990ScheduleO/GeneralExplanation/Identifier1CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier2ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier3ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier7RELATED ORGANIZATIONS
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 7, PART VII
IRS990/ScheduleORequired0true
IRS990ScheduleR/DividendsRelatedOrganization0false
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10PO BOX 100
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0DONGOLA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0IL
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode062926
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg0false
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityName/BusinessNameLine10NA
IRS990ScheduleR/Form990ScheduleRPartII/EIN0370525125
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501C12
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0IL
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10SOUTHERN ILLINOIS ELECTRIC COOPERAT
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0ELECTRICSC
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg0false
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg0false
IRS990ScheduleR/OtherTransferFromOtherOrg0false
IRS990ScheduleR/OtherTransferToOtherOrg0false
IRS990ScheduleR/PerformOfServicesByOtherOrgs0false
IRS990ScheduleR/PerformOfServicesForOtherOrgs0false
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg0false
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties0false
IRS990ScheduleR/ReimbursementPaidByOtherOrg0false
IRS990ScheduleR/ReimbursementPaidToOtherOrg0true
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs0false
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs0false
IRS990ScheduleR/SaleOfAssetsToOtherOrg0false
IRS990ScheduleR/SharingOfFacilities0false
IRS990ScheduleR/SharingOfPaidEmployees0true
IRS990ScheduleR/TransactionsRelatedOrgsTable/AmountInvolved0123370
IRS990ScheduleR/TransactionsRelatedOrgsTable/MethodOfAmtDetermination0GAAP
IRS990ScheduleR/TransactionsRelatedOrgsTable/NameOfOtherOrganization/BusinessNameLine10SOUTHERN ILLINOIS ELECTRIC COOPERAT
IRS990ScheduleR/TransactionsRelatedOrgsTable/TransactionType0O
IRS990/School0false
IRS990/SignificantChange0false
IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0IL
IRS990/SubjectToProxyTax0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10PO BOX 100
IRS990/TheBooksAreInCareOf/AddressUS/City0DONGOLA
IRS990/TheBooksAreInCareOf/AddressUS/State0IL
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode062926
IRS990/TheBooksAreInCareOf/NamePerson0CHRIS BOYD
IRS990/TheBooksAreInCareOf/TelephoneNumber06188273555
IRS990/TotalAssets/BOY012144947
IRS990/TotalAssetsBOY012144947
IRS990/TotalAssets/EOY012053267
IRS990/TotalAssetsEOY012053267
IRS990/TotalCompGT150K0false
IRS990/TotalContributions0512500
IRS990/TotalExpensesCurrentYear01772264
IRS990/TotalExpensesPriorYear01683231
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral00
IRS990/TotalFunctionalExpenses/ProgramServices01772264
IRS990/TotalFunctionalExpenses/Total01772264
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY06011658
IRS990/TotalLiabilitiesBOY06011658
IRS990/TotalLiabilities/EOY06036479
IRS990/TotalLiabilitiesEOY06036479
IRS990/TotalLiabNetAssetsFundBalances/BOY012144947
IRS990/TotalLiabNetAssetsFundBalances/EOY012053267
IRS990/TotalNbrEmployees05
IRS990/TotalNetAssetsFundBalances/BOY06133289
IRS990/TotalNetAssetsFundBalances/EOY06016788
IRS990/TotalOtherCompensation042058
IRS990/TotalOtherRevenue034360
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense01772264
IRS990/TotalProgramServiceRevenue01108529
IRS990/TotalReportableCompFrmRltdOrgs0121679
IRS990/TotalReportableCompFromOrg03200
IRS990/TotalRevenueCurrentYear01655763
IRS990/TotalRevenue/ExclusionAmount0374
IRS990/TotalRevenuePriorYear01874195
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome01142889
IRS990/TotalRevenue/TotalRevenueColumn01655763
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/BOY06133289
IRS990/UnrestrictedNetAssets/EOY06016788
IRS990/UnsecuredNotesLoansPayable/EOY050000
IRS990/UponRequest0X
IRS990/WebSite0WWW.SIEC.ORG/INDEX.PHP/SOUTHWATER-INC
IRS990/WhistleblowerPolicy0false
IRS990/YearFormation01994
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0371338297
ReturnHeader/Filer/Name/BusinessNameLine10SOUTHWATER INC
ReturnHeader/Filer/NameControl0SOUT
ReturnHeader/Filer/Phone06188273555
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 100
ReturnHeader/Filer/USAddress/City0DONGOLA
ReturnHeader/Filer/USAddress/State0IL
ReturnHeader/Filer/USAddress/ZIPCode062926
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-03-15
ReturnHeader/Officer/Name0CHRIS BOYD
ReturnHeader/Officer/Phone06188273555
ReturnHeader/Officer/Title0EXECUTIVE VP
ReturnHeader/Preparer/DatePrepared02013-03-27
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10KERBER ECK & BRAECKEL LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101116 W MAIN ST
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0CARBONDALE
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0IL
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0629012335
ReturnHeader/Preparer/Name0DAVID SCHNAKE
ReturnHeader/Preparer/Phone06185291040
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-03-27T11:46:24-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$12,053,267
Liabilities
$6,036,479
Net assets
$6,016,788
Revenue
-
Expenses
$1,772,264
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.63$6.56$1.08$2.19$2.44$0.25
2023Detailed filing. Detailed filing data is available for this year.$7.15$5.83$1.33$1.57$2.22$0.64
2022Detailed filing. Detailed filing data is available for this year.$7.57$5.26$2.30$1.60$1.97$0.38
2021Detailed filing. Detailed filing data is available for this year.$8.15$5.47$2.68$1.59$1.83$0.25
2020Detailed filing. Detailed filing data is available for this year.$8.66$5.73$2.93$1.39$1.81$0.43
2019Detailed filing. Detailed filing data is available for this year.$9.21$5.85$3.35$1.55$1.78$0.23
2018Detailed filing. Detailed filing data is available for this year.$9.64$6.04$3.60$1.42$1.79$0.37
2017Detailed filing. Detailed filing data is available for this year.$9.70$5.72$3.98$1.36$1.86$0.50
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$5.86$4.48$1.46$1.84$0.38
2015Detailed filing. Detailed filing data is available for this year.$10.9$6.01$4.86$1.45$1.73$0.27
2014Detailed filing. Detailed filing data is available for this year.$11.3$6.14$5.12$1.41$1.74$0.33
2013Detailed filing. Detailed filing data is available for this year.$11.7$6.28$5.46$1.23$1.79$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$6.04$6.02$1.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$6.01$6.13$1.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$5.69$5.94$1.57