Civic Intelligence

Sioux Rural Water System Inc

990 • Fiscal year 2018 • EIN 46-0319686

Jan 01, 2018 to Dec 31, 2018 • Filed on Mar 04, 2019

Organization ProfileN/A
45703 176th StreetWatertown, SD 57201

(605) 882-1321

Siviq Scores

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

Liabilities / Assets

54th percentile

0.39x

Higher debt load relative to assets than 54% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

2.03x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Net Margin

86th percentile

30%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$85,606

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2018

Asset Growth

88th percentile

11%

Faster asset growth than 88% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

5.5%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$12,935,430

Up $1,232,488 (+11%) from 2017

Net Assets

Up

$7,888,791

Up $733,614 (+10%) from 2017

Liabilities

Up

$5,046,639

Up $498,874 (+11%) from 2017

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin86th percentile

Revenue

Up

$2,486,653

Up $130,724 (+5.5%) from 2017

Expenses

Down

$1,753,039

Down $112,134 (-6.0%) from 2017

Net Income

Up

$733,614

Up $242,858 (+49%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$30M$20M$10M$0Assets 2011: $8,898,397Liabilities 2011: $4,179,740Net Assets 2011: $4,718,6572011Assets 2012: $9,361,747Liabilities 2012: $3,927,740Net Assets 2012: $5,434,0072012Assets 2013: $9,117,052Liabilities 2013: $3,704,564Net Assets 2013: $5,412,4882013Assets 2014: $8,975,394Liabilities 2014: $3,419,648Net Assets 2014: $5,555,7462014Assets 2015: $8,845,389Liabilities 2015: $3,169,944Net Assets 2015: $5,675,4452015Assets 2016: $11,265,666Liabilities 2016: $4,601,245Net Assets 2016: $6,664,4212016Assets 2017: $11,702,942Liabilities 2017: $4,547,765Net Assets 2017: $7,155,1772017Assets 2018: $12,935,430Liabilities 2018: $5,046,639Net Assets 2018: $7,888,7912018Assets 2019: $13,147,061Liabilities 2019: $4,804,113Net Assets 2019: $8,342,9482019Assets 2020: $13,953,858Liabilities 2020: $5,250,179Net Assets 2020: $8,703,6792020Assets 2021: $16,692,563Liabilities 2021: $6,974,183Net Assets 2021: $9,718,3802021Assets 2022: $19,435,568Liabilities 2022: $8,727,945Net Assets 2022: $10,707,6232022Assets 2023: $22,450,876Liabilities 2023: $9,771,234Net Assets 2023: $12,679,6422023

Highlighted filing

2018

Assets$12,935,430
Liabilities$5,046,639
Net Assets$7,888,791
Open 2018 Filing

Operations Trend

Revenue Growth60th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,549,688Expenses 2011: $1,452,645Net Income 2011: $97,0432011Expenses 2012: $1,475,8522012Revenue 2013: $1,649,661Expenses 2013: $1,671,180Net Income 2013: -$21,5192013Revenue 2014: $1,757,705Expenses 2014: $1,614,447Net Income 2014: $143,2582014Revenue 2015: $1,784,117Expenses 2015: $1,664,418Net Income 2015: $119,6992015Revenue 2016: $2,732,485Expenses 2016: $1,743,509Net Income 2016: $988,9762016Revenue 2017: $2,355,929Expenses 2017: $1,865,173Net Income 2017: $490,7562017Revenue 2018: $2,486,653Expenses 2018: $1,753,039Net Income 2018: $733,6142018Revenue 2019: $2,256,040Expenses 2019: $1,801,883Net Income 2019: $454,1572019Revenue 2020: $2,355,072Expenses 2020: $1,994,341Net Income 2020: $360,7312020Revenue 2021: $2,897,271Expenses 2021: $1,882,570Net Income 2021: $1,014,7012021Revenue 2022: $3,231,112Expenses 2022: $2,241,869Net Income 2022: $989,2432022Revenue 2023: $4,484,830Expenses 2023: $2,512,811Net Income 2023: $1,972,0192023

Highlighted filing

2018

Revenue$2,486,653
Expenses$1,753,039
Net Income$733,614
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Mar 4, 2019
Return Version
2018v3.1
Gross Receipts
$2,486,653
Mission and Program Overview

Mission

Provide a sufficient amount of quality water to members and towns in Hamlin, Codington, Deuel and Clark counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,577,514$10,637,417▲ $1,059,903
Savings and Temporary Cash Investments$1,017,160$1,037,309▲ $20,149
Cash and Non-Interest-Bearing Accounts$764,941$869,377▲ $104,436
Inventories for Sale or Use$62,742$102,587▲ $39,845
Accounts Receivable$48,599$46,469▼ $2,130
Prepaid Expenses and Deferred Charges$3,606$4,173▲ $567
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$11,702,942$12,935,430▲ $1,232,488
Other Assets Total$228,380$238,098▲ $9,718
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,407,110$4,929,994▲ $522,884
Accounts Payable and Accrued Expenses$140,655$116,645▼ $24,010
Total Liabilities$4,547,765$5,046,639▲ $498,874
Net Assets / Fund Balance
Unrestricted Net Assets$6,965,672$7,699,286▲ $733,614
Temporarily Rstr Net Assets$189,505$189,505→ $0
Total Net Assets Fund Balance$7,155,177$7,888,791▲ $733,614
Total Liabilities and Net Assets / Fund Balance$11,702,942$12,935,430▲ $1,232,488

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,970,331$6,682,036$14,652,367
Buildings$2,373,281$3,318,115$5,691,396
Equipment$47,475$353,847$401,322
Land$243,971-$243,971
Other Land Buildings$2,359$81,785$84,144
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Heath ThompsonManagerFT$85,606$85,606
Darwin MackPresident-$10,288$10,288
Jim ThyenDirector-$8,785$8,785
Kent RoeVice President-$4,546$4,546
Betsy OlseonDirector-$4,198$4,198
Todd MoritzSecretary-$4,086$4,086
Jon HeggeTreasurer-$3,494$3,494
Daniel SchleusnerDirector-$3,448$3,448
Brad JongelingDirector-$2,889$2,889
Keith SmithDirector-$2,766$2,766
Revenue and Support

Revenue Composition

Contributions and Grants
$527,400
Program Service Revenue
$1,880,258
Investment Income
$11,068
Other Revenue
$67,927
Change in Net Assets
$733,614

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,486,653
Total Revenue per Audited Statements
$2,486,653
Total Revenue per Form 990
$2,486,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,286,005
Salaries, Compensation, and Employee Benefits$467,034
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$489,947
Other Salaries and Wages---$240,342
Interest---$189,944
Current Officers, Directors, Trustees, and Key Employees---$130,106
Other Employee Benefits---$71,400
All Other Expenses---$61,319
Fees for Services Legal---$47,289
Office Expenses---$30,011
Payroll Taxes---$25,186
Insurance---$23,840
Other Expenses---$16,082
Travel---$6,997
Fees for Services Accounting---$4,325
Total Functional Expenses$0$0$0$1,753,039

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,753,039
Total Expenses per Audited Statements$1,753,039
Total Expenses per Form 990$1,753,039
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Membership in the corporation is limited to system users and is further defined in the organization's by-laws.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members of the Organization elect directors at the annual meeting.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Any business conducted at the annual meeting, such as approving the auditor's report and reading of the prior minutes.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The financial statements and tax returns are submitted to the Board of Directors for review and approval, which may or may not occur prior to the filing of the completed tax returns.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization monitors and enforces any conflicts that may arise.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board reviews the general manager's performance and sets compensation. They monitor amounts paid to similar positions within the industry.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Sioux Rural Water System Inc
EIN
46-0319686
Phone
6058821321
Address
45703 176th Street, Watertown, SD 57201

Signing Officer

Name
Heath Thompson
Title
General Manager
Signed
2019-03-04
Discuss with paid preparer
Yes

Organization Details

Formed
1973
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
7

Preparer

Firm
Kinner & Company Ltd
Address
404 3rd Ave PO Box 690, Brookings, SD 57006
Preparer
Nathan Kinner
Phone
6056922515
Raw XML AppendixShowing 400 of 423 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/BOYAmt0140655
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0116645
IRS990/AccountsReceivableGrp/BOYAmt048599
IRS990/AccountsReceivableGrp/EOYAmt046469
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Provide a sufficient amount of quality water to members and towns in Hamlin, Codington, Deuel and Clark counties.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt061319
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Sioux Rural Water System Inc
IRS990/BooksInCareOfDetail/PhoneNum06058821321
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt045703 176th Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Watertown
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057201
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0764941
IRS990/CashNonInterestBearingGrp/EOYAmt0869377
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0130106
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0527400
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt011068
IRS990/CYOtherExpensesAmt01286005
IRS990/CYOtherRevenueAmt067927
IRS990/CYProgramServiceRevenueAmt01880258
IRS990/CYRevenuesLessExpensesAmt0733614
IRS990/CYSalariesCompEmpBnftPaidAmt0467034
IRS990/CYTotalExpensesAmt01753039
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02486653
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0489947
IRS990/Desc0Provide water for farms and small towns in four counties.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt04325
IRS990/FeesForServicesLegalGrp/TotalAmt047289
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0Keith Smith
IRS990/Form990PartVIISectionAGrp/PersonNm1Daniel Schleusner
IRS990/Form990PartVIISectionAGrp/PersonNm2Brad Jongeling
IRS990/Form990PartVIISectionAGrp/PersonNm3Betsy Olseon
IRS990/Form990PartVIISectionAGrp/PersonNm4Jim Thyen
IRS990/Form990PartVIISectionAGrp/PersonNm5Jon Hegge
IRS990/Form990PartVIISectionAGrp/PersonNm6Darwin Mack
IRS990/Form990PartVIISectionAGrp/PersonNm7Kent Roe
IRS990/Form990PartVIISectionAGrp/PersonNm8Todd Moritz
IRS990/Form990PartVIISectionAGrp/PersonNm9Heath Thompson
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt02766
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13448
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt22889
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt34198
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt48785
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt53494
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt610288
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt74546
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt84086
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt985606
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6President
IRS990/Form990PartVIISectionAGrp/TitleTxt7Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt8Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt9Manager
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01973
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0527400
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02486653
IRS990/GrossRentsGrp/RealAmt015976
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt023840
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0189944
IRS990/InventoriesForSaleOrUseGrp/BOYAmt062742
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0102587
IRS990/InvestmentIncomeGrp/ExclusionAmt011068
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt011068
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010435783
IRS990/LandBldgEquipBasisNetGrp/BOYAmt09577514
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010637417
IRS990/LandBldgEquipCostOrOtherBssAmt021073200
IRS990/LegalDomicileStateCd0SD
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt01896689
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Provide a sufficient amount of quality water to members and towns in Hamlin, Codington, Deuel and Clark counties.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04407110
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04929994
IRS990/NetAssetsOrFundBalancesBOYAmt07155177
IRS990/NetAssetsOrFundBalancesEOYAmt07888791
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt015976
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015976
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt030011
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt0228380
IRS990/OtherAssetsTotalGrp/EOYAmt0238098
IRS990/OtherEmployeeBenefitsGrp/TotalAmt071400
IRS990/OtherExpensesGrp/Desc0Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc1Purchased Power
IRS990/OtherExpensesGrp/Desc2Chemicals
IRS990/OtherExpensesGrp/Desc3Director's Fee & Expenses
IRS990/OtherExpensesGrp/TotalAmt0213480
IRS990/OtherExpensesGrp/TotalAmt1169438
IRS990/OtherExpensesGrp/TotalAmt233333
IRS990/OtherExpensesGrp/TotalAmt316082
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1523000
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/Desc1Patronage Dividends
IRS990/OtherRevenueMiscGrp/Desc2Penalties/Late Fees
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014498
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt121023
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt216430
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014498
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt121023
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt216430
IRS990/OtherRevenueTotalAmt051951
IRS990/OtherSalariesAndWagesGrp/TotalAmt0240342
IRS990/OtherSourcesGrossIncomeAmt051497
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt025186
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03606
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04173
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0Fees- Hookup/Reconnect
IRS990/ProgramServiceRevenueGrp/Desc1Sale of Water
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036598
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11843660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036598
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11843660
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0420826
IRS990/PYInvestmentIncomeAmt03833
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01366765
IRS990/PYOtherRevenueAmt0162890
IRS990/PYProgramServiceRevenueAmt01768380
IRS990/PYRevenuesLessExpensesAmt0490756
IRS990/PYSalariesCompEmpBnftPaidAmt0498408
IRS990/PYTotalExpensesAmt01865173
IRS990/PYTotalRevenueAmt02355929
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0733614
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt015976
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01017160
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01037309
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02373281
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03318115
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05691396
IRS990ScheduleD/EquipmentGrp/BookValueAmt047475
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0353847
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0401322
IRS990ScheduleD/ExpensesSubtotalAmt01753039
IRS990ScheduleD/LandGrp/BookValueAmt0243971
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0243971
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07970331
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06682036
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014652367
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02359
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt081785
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt084144
IRS990ScheduleD/RevenueSubtotalAmt02486653
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010637417
IRS990ScheduleD/TotalExpensesPerForm990Amt01753039
IRS990ScheduleD/TotalRevenuePerForm990Amt02486653
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02486653
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01753039
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Membership in the corporation is limited to system users and is further defined in the organization's by-laws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the Organization elect directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Any business conducted at the annual meeting, such as approving the auditor's report and reading of the prior minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The financial statements and tax returns are submitted to the Board of Directors for review and approval, which may or may not occur prior to the filing of the completed tax returns.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization monitors and enforces any conflicts that may arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The board reviews the general manager's performance and sets compensation. They monitor amounts paid to similar positions within the industry.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0189505
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0189505
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011702942
IRS990/TotalAssetsEOYAmt012935430
IRS990/TotalAssetsGrp/BOYAmt011702942
IRS990/TotalAssetsGrp/EOYAmt012935430
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0527400
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01753039
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04547765
IRS990/TotalLiabilitiesEOYAmt05046639
IRS990/TotalLiabilitiesGrp/BOYAmt04547765
IRS990/TotalLiabilitiesGrp/EOYAmt05046639
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07155177
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07888791
IRS990/TotalProgramServiceRevenueAmt01880258
IRS990/TotalReportableCompFromOrgAmt0130106
IRS990/TotalRevenueGrp/ExclusionAmt011068
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01948185
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02486653
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011702942
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012935430
IRS990/TravelGrp/TotalAmt06997
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt06965672
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07699286
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045703 176th Street
IRS990/USAddress/CityNm0Watertown
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057201
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Heath Thompson

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,935,430
Liabilities
$5,046,639
Net assets
$7,888,791
Revenue
$2,486,653
Expenses
$1,753,039
Net income
$733,614
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$22.5$9.77$12.7$4.48$2.51$1.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.4$8.73$10.7$3.23$2.24$0.99
2021Summary only. Only limited summary data is available for this year.$16.7$6.97$9.72$2.90$1.88$1.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$5.25$8.70$2.36$1.99$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$4.80$8.34$2.26$1.80$0.45
2018Detailed filing. Detailed filing data is available for this year.$12.9$5.05$7.89$2.49$1.75$0.73
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.7$4.55$7.16$2.36$1.87$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.3$4.60$6.66$2.73$1.74$0.99
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.85$3.17$5.68$1.78$1.66$0.12
2014Summary only. Only limited summary data is available for this year.$8.98$3.42$5.56$1.76$1.61$0.14
2013Detailed filing. Detailed filing data is available for this year.$9.12$3.70$5.41$1.65$1.67$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$3.93$5.43$1.48
2011Summary only. Only limited summary data is available for this year.$8.90$4.18$4.72$1.55$1.45$0.10