Civic Intelligence

Osceola County Rural Water System

990 • Fiscal year 2014 • EIN 42-1068607

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 04, 2015

2270 Walnut AvenueMay City, IA 51354

(712) 735-6795

Siviq Scores

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

Liabilities / Assets

25th percentile

0.41x

Higher debt load relative to assets than 25% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

85th percentile

2.56x

Higher debt load relative to revenue than 85% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2014

Net Margin

97th percentile

23%

Higher net margin than 97% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

40th percentile

1.5%

Faster asset growth than 40% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

66th percentile

5.3%

Faster revenue growth than 66% of similar nonprofits.

2014 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Assets

Up

$26,889,874

Up $389,961 (+1.5%) from 2013

Net Assets

Up

$15,855,782

Up $999,988 (+6.7%) from 2013

Liabilities

Down

$11,034,092

Down $610,027 (-5.2%) from 2013

Revenue

Up

$4,315,002

Up $215,741 (+5.3%) from 2013

Expenses

Up

$3,320,414

Up $100,599 (+3.1%) from 2013

Net Income

Up

$994,588

Up $115,142 (+13%) from 2013

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $27,210,501Liabilities 2011: $13,861,182Net Assets 2011: $13,349,3192011Assets 2012: $26,209,701Liabilities 2012: $12,237,953Net Assets 2012: $13,971,7482012Assets 2013: $26,499,913Liabilities 2013: $11,644,119Net Assets 2013: $14,855,7942013Assets 2014: $26,889,874Liabilities 2014: $11,034,092Net Assets 2014: $15,855,7822014Assets 2015: $30,369,145Liabilities 2015: $13,189,231Net Assets 2015: $17,179,9142015Assets 2016: $30,368,636Liabilities 2016: $11,777,998Net Assets 2016: $18,590,6382016Assets 2017: $33,622,632Liabilities 2017: $13,764,309Net Assets 2017: $19,858,3232017Assets 2018: $38,593,906Liabilities 2018: $17,491,679Net Assets 2018: $21,102,2272018Assets 2019: $37,917,270Liabilities 2019: $16,006,377Net Assets 2019: $21,910,8932019Assets 2020: $37,621,946Liabilities 2020: $14,804,549Net Assets 2020: $22,817,3972020Assets 2021: $39,679,016Liabilities 2021: $15,863,942Net Assets 2021: $23,815,0742021Assets 2022: $45,233,451Liabilities 2022: $20,307,944Net Assets 2022: $24,925,5072022Assets 2023: $49,684,942Liabilities 2023: $23,028,297Net Assets 2023: $26,656,6452023

Highlighted filing

2014

Assets$26,889,874
Liabilities$11,034,092
Net Assets$15,855,782

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2011: $3,601,068Expenses 2011: $2,858,318Net Income 2011: $742,7502011Revenue 2012: $3,800,998Expenses 2012: $3,188,169Net Income 2012: $612,8292012Revenue 2013: $4,099,261Expenses 2013: $3,219,815Net Income 2013: $879,4462013Revenue 2014: $4,315,002Expenses 2014: $3,320,414Net Income 2014: $994,5882014Revenue 2015: $4,847,632Expenses 2015: $3,528,700Net Income 2015: $1,318,9322015Revenue 2016: $4,905,501Expenses 2016: $3,500,677Net Income 2016: $1,404,8242016Revenue 2017: $5,004,254Expenses 2017: $3,741,669Net Income 2017: $1,262,5852017Revenue 2018: $5,371,463Expenses 2018: $4,132,059Net Income 2018: $1,239,4042018Revenue 2019: $5,083,345Expenses 2019: $4,279,079Net Income 2019: $804,2662019Revenue 2020: $5,537,898Expenses 2020: $4,635,694Net Income 2020: $902,2042020Revenue 2021: $5,924,225Expenses 2021: $4,930,248Net Income 2021: $993,9772021Revenue 2022: $5,992,803Expenses 2022: $4,887,070Net Income 2022: $1,105,7332022Revenue 2023: $6,646,797Expenses 2023: $4,945,159Net Income 2023: $1,701,6382023

Highlighted filing

2014

Revenue$4,315,002
Expenses$3,320,414
Net Income$994,588
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 4, 2015
Return Version
2014v5.0
Gross Receipts
$4,316,058
Mission and Program Overview

Mission

Water distribution to rural customers and local communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,284,479$22,582,790▲ $298,311
Pd in Cap Srpls Land Bldg Eqp Fund$9,550,337$9,553,037▲ $2,700
Rtn Earn Endowment Incm Other Fnds$4,405,268$5,399,856▲ $994,588
Savings and Temporary Cash Investments$1,600,065$2,000,000▲ $399,935
Cap Stk Tr Prin Current Funds$900,189$902,889▲ $2,700
Cash and Non-Interest-Bearing Accounts$1,076,443$899,657▼ $176,786
Accounts Receivable$585,549$362,540▼ $223,009
Inventories for Sale or Use$274,068$317,953▲ $43,885
Prepaid Expenses and Deferred Charges$35,349$42,741▲ $7,392
Total Assets$26,499,913$26,889,874▲ $389,961
Other Assets Total$643,960$684,193▲ $40,233
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,448,156$9,792,543▼ $655,613
Deferred Revenue$1,070,393$963,305▼ $107,088
Accounts Payable and Accrued Expenses$125,570$278,244▲ $152,674
Total Liabilities$11,644,119$11,034,092▼ $610,027
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,855,794$15,855,782▲ $999,988
Total Liabilities and Net Assets / Fund Balance$26,499,913$26,889,874▲ $389,961

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,870,364$20,377,851$42,248,215
Land$712,426-$712,426
Compensation and Service Providers

Employees

NameTitleBaseTotal
Steven BoerhaveVice Preside$1,600$1,600
David ReickSecretary$1,500$1,500
Pat GillespieDirector$1,400$1,400
Nicholas ElserDirector$1,000$1,000
Philip WoodallDirector$1,000$1,000
Adam EbelDirector$900$900
Douglas LoertsPast Preside$900$900
Mark LeemkuilDirector$900$900
Brian GoodellDirector$800$800
Terry HainPresident$500$500
Gary Schiphoff-$100$100
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,968,406
Investment Income
$33,829
Other Revenue
$312,767
Change in Net Assets
$994,588

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,196,905
Revenue Not Reported on Financial Statements
$118,097
Other Revenue Adjustments
$118,097
Total Revenue per Audited Statements
$4,196,905
Total Revenue per Form 990
$4,315,002
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,794,442
Salaries, Compensation, and Employee Benefits$525,972
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,181,110
Other Salaries and Wages---$467,836
Interest---$294,102
All Other Expenses---$159,434
Other Expenses---$114,116
Insurance---$106,167
Office Expenses---$44,113
Payroll Taxes---$33,851
Advertising---$15,824
Pension Plan Contributions---$14,955
Conferences and Meetings---$13,642
Fees for Services Accounting---$9,965
Fees for Services Other---$9,457
Other Employee Benefits---$9,330
Fees for Services Legal---$5,985
Total Functional Expenses$0$0$0$3,320,414

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,320,414
Expenses per Audited Statements$3,202,317
Total Expenses per Audited Statements$3,202,317
Expenses Not Reported on Financial Statements$118,097
Other Expense Adjustments$118,097
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
Backup withholding compliance
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
No
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 11B

At a monthly meeting, board members reviewed the form 990 before it was filed.

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

Board approves salary increases annually.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request at 2270 walnut avenue, may city, iowa.

Filing and Contact Details

Filer

Filer Name
Osceola County Rural Water System
EIN
42-1068607
Phone
7127356795
Address
2270 WALNUT AVENUE, MAY CITY, IA 51354

Signing Officer

Name
Steven Boerhave
Title
President
Phone
7127356795
Signed
2015-03-04

Organization Details

Principal Officer
Steven Boerhave
Formed
1982
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
16

Preparer

Firm
Burkhardt & Dawson Cpas
Address
793 NORTH SECOND STREET, CHEROKEE, IA 51012
Preparer
Laura M Dawson CPA
Phone
7122255755
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To distribute water to rural customers

Form 990, Part XI, Line 9

Water purchases -118,097 water purchases 118,097

Form 990, Part XI, Line 9

MEMBERSHIP FEES 5,400

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

WATER PURCHASES 118,097

Schedule D, Page 4, Part XII, Line 4B

WATER PURCHASES 118,097

Raw XML Appendix373 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/Desc1LABOR SOLD
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03940736
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122270
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03940736
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122270
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25400
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO DISTRIBUTE WATER TO RURAL CUSTOMERS
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt023598
IRS990/PYOtherExpensesAmt02629999
IRS990/PYOtherRevenueAmt0332167
IRS990/PYProgramServiceRevenueAmt03743496
IRS990/PYRevenuesLessExpensesAmt0879446
IRS990/PYSalariesCompEmpBnftPaidAmt0589816
IRS990/PYTotalExpensesAmt03219815
IRS990/PYTotalRevenueAmt04099261
IRS990/ReconcilationRevenueExpnssAmt0994588
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04405268
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt05399856
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01600065
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02000000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0118097
IRS990ScheduleD/ExpensesSubtotalAmt03202317
IRS990ScheduleD/LandGrp/BookValueAmt0712426
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0712426
IRS990ScheduleD/OtherExpensesNotIncludedAmt0118097
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt021870364
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt020377851
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt042248215
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0118097
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0118097
IRS990ScheduleD/RevenueSubtotalAmt04196905
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0WATER PURCHASES 118,097
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1WATER PURCHASES 118,097
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022582790
IRS990ScheduleD/TotalExpensesPerForm990Amt03320414
IRS990ScheduleD/TotalRevenuePerForm990Amt04315002
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04196905
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03202317
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO DISTRIBUTE WATER TO RURAL CUSTOMERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT A MONTHLY MEETING, BOARD MEMBERS REVIEWED THE FORM 990 BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD APPROVES SALARY INCREASES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT 2270 WALNUT AVENUE, MAY CITY, IOWA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WATER PURCHASES -118,097 WATER PURCHASES 118,097
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERSHIP FEES 5,400
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt026499913
IRS990/TotalAssetsEOYAmt026889874
IRS990/TotalAssetsGrp/BOYAmt026499913
IRS990/TotalAssetsGrp/EOYAmt026889874
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03320414
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011644119
IRS990/TotalLiabilitiesEOYAmt011034092
IRS990/TotalLiabilitiesGrp/BOYAmt011644119
IRS990/TotalLiabilitiesGrp/EOYAmt011034092
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014855794
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015855782
IRS990/TotalProgramServiceRevenueAmt03968406
IRS990/TotalReportableCompFromOrgAmt010600
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04315002
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04315002
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026499913
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026889874
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02270 WALNUT AVENUE
IRS990/USAddress/CityNm0MAY CITY
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd051354
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN BOERHAVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07127356795
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OSCEOLA COUNTY RURAL WATER SYSTEM
ReturnHeader/Filer/BusinessNameControlTxt0OSCE
ReturnHeader/Filer/EIN0421068607
ReturnHeader/Filer/PhoneNum07127356795
ReturnHeader/Filer/USAddress/AddressLine1Txt02270 WALNUT AVENUE
ReturnHeader/Filer/USAddress/CityNm0MAY CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd051354
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201892306
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURKHARDT & DAWSON CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0793 NORTH SECOND STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHEROKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd051012
ReturnHeader/PreparerPersonGrp/PhoneNum07122255755
ReturnHeader/PreparerPersonGrp/PreparationDt02015-03-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA M DAWSON CPA
ReturnHeader/ReturnTs02015-03-23T11:16:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$49.7$23.0$26.7$6.65$4.95$1.70
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$20.3$24.9$5.99$4.89$1.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.7$15.9$23.8$5.92$4.93$0.99
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.6$14.8$22.8$5.54$4.64$0.90
2019Summary only. Only limited summary data is available for this year.$37.9$16.0$21.9$5.08$4.28$0.80
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.6$17.5$21.1$5.37$4.13$1.24
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$13.8$19.9$5.00$3.74$1.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.4$11.8$18.6$4.91$3.50$1.40
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.4$13.2$17.2$4.85$3.53$1.32
2014Detailed filing. Detailed filing data is available for this year.$26.9$11.0$15.9$4.32$3.32$0.99
2013Detailed filing. Detailed filing data is available for this year.$26.5$11.6$14.9$4.10$3.22$0.88
2012Summary only. Only limited summary data is available for this year.$26.2$12.2$14.0$3.80$3.19$0.61
2011Summary only. Only limited summary data is available for this year.$27.2$13.9$13.3$3.60$2.86$0.74