Civic Intelligence

Southwater Inc

990 • Fiscal year 2015 • EIN 37-1338297

Jan 01, 2015 to Dec 31, 2015 • Filed on May 10, 2016

Organization ProfileWWW.SIEC.ORG/INDEX.PHP/SOUTHWATER-INC
27183 Sandy Creek RoadTamms, IL 62988

(618) 776-5274

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.55x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

4.13x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2015

Net Margin

13th percentile

-19%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

38th percentile

$52,391

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2015 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2015

Asset Growth

23rd percentile

-3.5%

Faster asset growth than 23% of similar nonprofits.

2015 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

54th percentile

3.1%

Faster revenue growth than 54% of similar nonprofits.

2015 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$10,865,989

Down $394,117 (-3.5%) from 2014

Net Assets

Down

$4,859,434

Down $264,516 (-5.2%) from 2014

Liabilities

Down

$6,006,555

Down $129,601 (-2.1%) from 2014

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin13th percentile

Revenue

Up

$1,453,957

Up $43,806 (+3.1%) from 2014

Expenses

Down

$1,726,473

Down $15,679 (-0.9%) from 2014

Net Income

Up

-$272,516

Up $59,485 (+18%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth23rd 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

2015

Assets$10,865,989
Liabilities$6,006,555
Net Assets$4,859,434
Open 2015 Filing

Operations Trend

Revenue Growth54th percentile

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

2015

Revenue$1,453,957
Expenses$1,726,473
Net Income-$272,516
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 10, 2016
Return Version
2015v2.1
Gross Receipts
$1,453,957
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,799,667$10,305,560▼ $494,107
Cash and Non-Interest-Bearing Accounts$240,909$329,024▲ $88,115
Accounts Receivable$177,116$191,677▲ $14,561
Inventories for Sale or Use$41,641$38,955▼ $2,686
Other Notes and Loans Receivable, Net$773$773→ $0
Total Assets$11,260,106$10,865,989▼ $394,117
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,898,400$5,765,489▼ $132,911
Unsecured Notes Loans Payable$156,874$143,928▼ $12,946
Accounts Payable and Accrued Expenses$80,882$97,138▲ $16,256
Total Liabilities$6,136,156$6,006,555▼ $129,601
Net Assets / Fund Balance
Unrestricted Net Assets$4,912,215$4,609,576▼ $302,639
Temporarily Rstr Net Assets$211,735$249,858▲ $38,123
Total Net Assets Fund Balance$5,123,950$4,859,434▼ $264,516
Total Liabilities and Net Assets / Fund Balance$11,260,106$10,865,989▼ $394,117

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,448,022$10,651,086$20,099,108
Land$824,241-$824,241
Equipment$33,297$95,586$128,883
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Derek HogueExecutive ViFT$52,391$52,391
Bob McintoshSecretary/tr-$600$600
Kerry HillDirector-$600$600
Scott UryPresident-$600$600
Richard MossVice Preside-$300$300
Charles HiteDirector-$200$200
Patrick FergusonDirector-$100$100
Revenue and Support

Revenue Composition

Contributions and Grants
$77,800
Program Service Revenue
$1,326,003
Investment Income
$284
Other Revenue
$49,870
Change in Net Assets
$-272,516

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,453,957
Total Revenue per Audited Statements
$1,453,957
Total Revenue per Form 990
$1,453,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,392,675
Salaries, Compensation, and Employee Benefits$333,798
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$664,391--$664,391
Interest$252,996--$252,996
Other Salaries and Wages$190,202--$190,202
Occupancy$142,241--$142,241
Current Officers, Directors, Trustees, and Key Employees$54,791--$54,791
Insurance$52,617--$52,617
Other Employee Benefits$50,586--$50,586
Other Expenses$31,793--$31,793
Payroll Taxes$20,577--$20,577
Pension Plan Contributions$17,642--$17,642
Office Expenses$14,014--$14,014
Fees for Services Legal$5,718--$5,718
Fees for Services Accounting$4,600--$4,600
Total Functional Expenses$1,726,473$0$0$1,726,473

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,726,473
Total Expenses per Audited Statements$1,726,473
Total Expenses per Form 990$1,726,473
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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 6

“Southern illinois electric cooperative is the sole member of southwater, inc. The sole member elects the southwater board of directors at an annual meeting.”

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

“The sole member elects the southwater, inc. Board of directors.”

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

“All members of the board of directors review the 990 before it is filed.”

Form 990, Page 6, Part VI, Line 15A

“Southwater inc. Board of directors approves the compensation of the executive vice-president, derek hogue.”

Form 990, Page 6, Part VI, Line 15B

“Southwater inc. Board of directors approves the compensation of all employees.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy and the financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Southwater Inc
EIN
37-1338297
Phone
6187765274
Address
27183 SANDY CREEK ROAD, TAMMS, IL 62988

Signing Officer

Name
Derek Hogue
Title
Executive Vice Pres
Phone
6188273555
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derek Hogue
Formed
1994
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Kerber Eck & Braeckel Llp
Address
1116 W MAIN ST, CARBONDALE, IL 62901-2335
Preparer
Anna Guetersloh
Phone
6185291040
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation is exempt from payment of federal and illinois income taxes under section 501(c)(4) of the internal revenue code. There were no uncertain tax benefits or liabilities identified at december 31, 2015 and 2014. Tax returns filed by the corporation are subject to examination by the internal revenue service (irs) up to three years from the extended due date of each return. Tax returns filed by the corporation are no longer subject to examination for the years ended december 31, 2011 and prior.”

Raw XML Appendix380 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt080882
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt097138
IRS990/AccountsReceivableGrp/BOYAmt0177116
IRS990/AccountsReceivableGrp/EOYAmt0191677
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE WATER SERVICES FOR COMMUNITIES AND FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS. SOUTHWATER OPERATES A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM.
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0DEREK HOGUE
IRS990/BooksInCareOfDetail/PhoneNum06186974432
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt027183 SANDY CREEK ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0TAMMS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd062988
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0240909
IRS990/CashNonInterestBearingGrp/EOYAmt0329024
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt054791
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt054791
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt077800
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0284
IRS990/CYOtherExpensesAmt01392675
IRS990/CYOtherRevenueAmt049870
IRS990/CYProgramServiceRevenueAmt01326003
IRS990/CYRevenuesLessExpensesAmt0-272516
IRS990/CYSalariesCompEmpBnftPaidAmt0333798
IRS990/CYTotalExpensesAmt01726473
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01453957
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0664391
IRS990/DepreciationDepletionGrp/TotalAmt0664391
IRS990/Desc0SOUTHWATER PROVIDES WATER TO COMMUNITIES AND TO FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS WITH A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM. IN 2015, SOUTHWATER PROCESSED AND DELIVERED 251 MILLION GALLONS OF WATER.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01726473
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04600
IRS990/FeesForServicesAccountingGrp/TotalAmt04600
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05718
IRS990/FeesForServicesLegalGrp/TotalAmt05718
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0SCOTT URY
IRS990/Form990PartVIISectionAGrp/PersonNm1KERRY HILL
IRS990/Form990PartVIISectionAGrp/PersonNm2BOB MCINTOSH
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD MOSS
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES HITE
IRS990/Form990PartVIISectionAGrp/PersonNm5PATRICK FERGUSON
IRS990/Form990PartVIISectionAGrp/PersonNm6DEREK HOGUE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt652391
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE VI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt077800
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01453957
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt052617
IRS990/InsuranceGrp/TotalAmt052617
IRS990/InterestGrp/ProgramServicesAmt0252996
IRS990/InterestGrp/TotalAmt0252996
IRS990/InventoriesForSaleOrUseGrp/BOYAmt041641
IRS990/InventoriesForSaleOrUseGrp/EOYAmt038955
IRS990/InvestmentIncomeGrp/ExclusionAmt0284
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0284
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010746672
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010799667
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010305560
IRS990/LandBldgEquipCostOrOtherBssAmt021052232
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE WATER SERVICES FOR COMMUNITIES AND FARM DWELLINGS IN RURAL SOUTHERN ILLINOIS. SOUTHWATER OPERATES A REGIONAL POTABLE WATER TREATMENT AND DISTRIBUTION SYSTEM.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05898400
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05765489
IRS990/NetAssetsOrFundBalancesBOYAmt05123950
IRS990/NetAssetsOrFundBalancesEOYAmt04859434
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0142241
IRS990/OccupancyGrp/TotalAmt0142241
IRS990/OfficeExpensesGrp/ProgramServicesAmt014014
IRS990/OfficeExpensesGrp/TotalAmt014014
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt050586
IRS990/OtherEmployeeBenefitsGrp/TotalAmt050586
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1CHEMICALS & SUPPLIES
IRS990/OtherExpensesGrp/Desc2OTHER
IRS990/OtherExpensesGrp/ProgramServicesAmt0122639
IRS990/OtherExpensesGrp/ProgramServicesAmt1101666
IRS990/OtherExpensesGrp/ProgramServicesAmt231793
IRS990/OtherExpensesGrp/TotalAmt0122639
IRS990/OtherExpensesGrp/TotalAmt1101666
IRS990/OtherExpensesGrp/TotalAmt231793
IRS990/OtherRevenueMiscGrp/Desc0TAP ON FEES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt049870
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049870
IRS990/OtherRevenueTotalAmt049870
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0190202
IRS990/OtherSalariesAndWagesGrp/TotalAmt0190202
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0773
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0773
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt020577
IRS990/PayrollTaxesGrp/TotalAmt020577
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt017642
IRS990/PensionPlanContributionsGrp/TotalAmt017642
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DEREK HOGUE
IRS990/PriorPeriodAdjustmentsAmt08000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01326003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01326003
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0136700
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0322
IRS990/PYOtherExpensesAmt01399436
IRS990/PYOtherRevenueAmt011098
IRS990/PYProgramServiceRevenueAmt01262031
IRS990/PYRevenuesLessExpensesAmt0-332001
IRS990/PYSalariesCompEmpBnftPaidAmt0342716
IRS990/PYTotalExpensesAmt01742152
IRS990/PYTotalRevenueAmt01410151
IRS990/ReconcilationRevenueExpnssAmt0-272516
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01453957
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt033297
IRS990ScheduleD/EquipmentGrp/DepreciationAmt095586
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0128883
IRS990ScheduleD/ExpensesSubtotalAmt01726473
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0824241
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0824241
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09448022
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010651086
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020099108
IRS990ScheduleD/RevenueSubtotalAmt01453957
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM PAYMENT OF FEDERAL AND ILLINOIS INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. THERE WERE NO UNCERTAIN TAX BENEFITS OR LIABILITIES IDENTIFIED AT DECEMBER 31, 2015 AND 2014. TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. TAX RETURNS FILED BY THE CORPORATION ARE NO LONGER SUBJECT TO EXAMINATION FOR THE YEARS ENDED DECEMBER 31, 2011 AND PRIOR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010305560
IRS990ScheduleD/TotalExpensesPerForm990Amt01726473
IRS990ScheduleD/TotalRevenuePerForm990Amt01453957
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01453957
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01726473
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SOUTHERN ILLINOIS ELECTRIC COOPERATIVE IS THE SOLE MEMBER OF SOUTHWATER, INC. THE SOLE MEMBER ELECTS THE SOUTHWATER BOARD OF DIRECTORS AT AN ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER ELECTS THE SOUTHWATER, INC. BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOUTHWATER INC. BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE EXECUTIVE VICE-PRESIDENT, DEREK HOGUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOUTHWATER INC. BOARD OF DIRECTORS APPROVES THE COMPENSATION OF ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SOUTHERN ILLINOIS ELECTRIC COOPERAT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0370525125
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C12
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ELECTRICSC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DONGOLA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd062926
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0136220
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0GAAP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SOUTHERN ILLINOIS ELECTRIC COOPERAT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0211735
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0249858
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011260106
IRS990/TotalAssetsEOYAmt010865989
IRS990/TotalAssetsGrp/BOYAmt011260106
IRS990/TotalAssetsGrp/EOYAmt010865989
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt077800
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01726473
IRS990/TotalFunctionalExpensesGrp/TotalAmt01726473
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06136156
IRS990/TotalLiabilitiesEOYAmt06006555
IRS990/TotalLiabilitiesGrp/BOYAmt06136156
IRS990/TotalLiabilitiesGrp/EOYAmt06006555
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05123950
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04859434
IRS990/TotalProgramServiceExpensesAmt01726473
IRS990/TotalProgramServiceRevenueAmt01326003
IRS990/TotalReportableCompFromOrgAmt054791
IRS990/TotalRevenueGrp/ExclusionAmt0284
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01375873
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01453957
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011260106
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010865989
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt04912215
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04609576
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0156874
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0143928
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt027183 SANDY CREEK ROAD
IRS990/USAddress/CityNm0TAMMS
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062988
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SIEC.ORG/INDEX.PHP/SOUTHWATER-INC
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEREK HOGUE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum06188273555
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHWATER INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0371338297
ReturnHeader/Filer/PhoneNum06187765274
ReturnHeader/Filer/USAddress/AddressLine1Txt027183 SANDY CREEK ROAD
ReturnHeader/Filer/USAddress/CityNm0TAMMS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd062988
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0430352985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KERBER ECK & BRAECKEL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01116 W MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARBONDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0629012335
ReturnHeader/PreparerPersonGrp/PhoneNum06185291040
ReturnHeader/PreparerPersonGrp/PreparationDt02016-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANNA GUETERSLOH
ReturnHeader/ReturnTs02016-05-10T17:36:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,865,989
Liabilities
$6,006,555
Net assets
$4,859,434
Revenue
$1,453,957
Expenses
$1,726,473
Net income
-$272,516
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