Civic Intelligence

Web Water Development Association Inc

990 • Fiscal year 2012 • EIN 46-0352027

Oct 01, 2011 to Sep 30, 2012 • Filed on Apr 08, 2013

Organization ProfileWWW.WEBWATER.ORG

View Organization Page

PO Box 5157402-0051
Siviq Scores

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

Liabilities / Assets

6th percentile

0.26x

Higher debt load relative to assets than 6% of similar nonprofits.

2012 filings • 501(c)12 • $100M-$250M 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

5th percentile

-1.2%

Faster asset growth than 5% of similar nonprofits.

2012 filings • 501(c)12 • $100M-$250M 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 / Assets6th percentile

Assets

Down

$126,647,289

Down $1,496,192 (-1.2%) from 2011

Net Assets

Down

$93,801,671

Down $727,870 (-0.8%) from 2011

Liabilities

Down

$32,845,618

Down $768,322 (-2.3%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$8,114,625

Up $37,075 (+0.5%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$300M$200M$100M$0Assets 2010: $130,610,708Liabilities 2010: $34,418,112Net Assets 2010: $96,192,5962010Assets 2011: $128,143,481Liabilities 2011: $33,613,940Net Assets 2011: $94,529,5412011Assets 2012: $126,647,289Liabilities 2012: $32,845,618Net Assets 2012: $93,801,6712012Assets 2013: $125,628,706Liabilities 2013: $32,438,127Net Assets 2013: $93,190,5792013Assets 2014: $123,808,617Liabilities 2014: $31,365,091Net Assets 2014: $92,443,5262014Assets 2015: $124,125,979Liabilities 2015: $31,905,596Net Assets 2015: $92,220,3832015Assets 2016: $122,201,461Liabilities 2016: $29,907,188Net Assets 2016: $92,294,2732016Assets 2017: $119,626,869Liabilities 2017: $28,307,249Net Assets 2017: $91,319,6202017Assets 2018: $127,766,339Liabilities 2018: $35,497,145Net Assets 2018: $92,269,1942018Assets 2019: $127,687,858Liabilities 2019: $34,250,232Net Assets 2019: $93,437,6262019Assets 2020: $132,628,582Liabilities 2020: $37,998,944Net Assets 2020: $94,629,6382020Assets 2021: $134,040,834Liabilities 2021: $36,846,613Net Assets 2021: $97,194,2212021Assets 2022: $132,007,262Liabilities 2022: $33,179,613Net Assets 2022: $98,827,6492022Assets 2023: $150,036,629Liabilities 2023: $45,358,020Net Assets 2023: $104,678,6092023Assets 2024: $205,076,218Liabilities 2024: $77,455,142Net Assets 2024: $127,621,0762024Assets 2025: $239,437,239Liabilities 2025: $94,510,394Net Assets 2025: $144,926,8452025

Highlighted filing

2012

Assets$126,647,289
Liabilities$32,845,618
Net Assets$93,801,671
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0Expenses 2010: $7,880,9632010Expenses 2011: $8,077,5502011Expenses 2012: $8,114,6252012Expenses 2013: $8,370,3112013Revenue 2014: $9,559,215Expenses 2014: $8,244,978Net Income 2014: $1,314,2372014Revenue 2015: $10,251,711Expenses 2015: $8,567,365Net Income 2015: $1,684,3462015Revenue 2016: $10,617,794Expenses 2016: $8,648,332Net Income 2016: $1,969,4622016Revenue 2017: $11,228,840Expenses 2017: $10,086,725Net Income 2017: $1,142,1152017Revenue 2018: $12,410,555Expenses 2018: $9,492,731Net Income 2018: $2,917,8242018Revenue 2019: $12,372,001Expenses 2019: $9,550,617Net Income 2019: $2,821,3842019Revenue 2020: $13,302,998Expenses 2020: $9,803,797Net Income 2020: $3,499,2012020Revenue 2021: $15,072,957Expenses 2021: $10,134,346Net Income 2021: $4,938,6112021Revenue 2022: $14,738,682Expenses 2022: $11,121,504Net Income 2022: $3,617,1782022Revenue 2023: $17,867,586Expenses 2023: $11,565,948Net Income 2023: $6,301,6382023Revenue 2024: $19,443,868Expenses 2024: $12,398,245Net Income 2024: $7,045,6232024Revenue 2025: $20,152,263Expenses 2025: $12,882,152Net Income 2025: $7,270,1112025

Highlighted filing

2012

Revenue-
Expenses$8,114,625
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2011 to Sep 30, 2012
Signed
Apr 8, 2013
Return Version
2011v1.5
Gross Receipts
$9,403,981
Mission and Program Overview

Mission

The orgranization was incorporated for the purpose of operating a system for the distribution of water to its members for domestic and commercial use.

Filing and Contact Details

Filer

EIN
46-0352027
Raw XML AppendixShowing 400 of 408 raw XML fields

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IRS990/Description0WEB Water Development Association, Inc. operates a high quality water treatment and distribution system to provide its members with safe water for domestic and commercial use, providing over 2 billion gallons of water in fiscal year 2012. As of September 30, 2012, WEB had approximately 6,800 miles of water pipe that served over 7,600 members in 14 South Dakota counties and 3 North Dakota counties.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The Association is a nonprofit organization as described in Section 501(c)(12) of the Internal Revenue Code of 1954 and is exempt from federal income taxes. The State of South Dakota does not have an income tax. The Association has adopted provisions of FASB Accounting Standards Codification Topic ASC 740-10, and under goes an annual analysis of its various tax positions, assessing the likelihood of those positions being upheld upon examination with relevant tax authorities. As of September 30, 2012, the unrecognized tax benefit accrual was zero. The Association will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Association is no longer subject to federal tax examinations by tax authorities for the years before September 30, 2009.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1Amortization of Contributions for Construction -2,470,809. Membership Contributions 447,846. Advanced Bioenergy, LLC K-1 Income -3,516. Total to Schedule D, Part XI, Line 8: -2,026,479.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation2Advanced Bioenergy, LLC K-1 Income 3,516.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1Part XI, Line 8 - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier2Part XII, Line 4b - Other Adjustments:
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IRS990ScheduleO/GeneralExplanation/Explanation0General Members: Membership in the Corporation shall be limited to persons, rural water system associations or corporations, and bodies political situated within the area to be served by the Corporation, and reasonably accessible thereto, who have made application for membership in the Corporation, and who have agreed to pay the membership fee, and who have signed and entered into such agreements with the Corporation for the purchase of water for domestic, municipal and other approved beneficial use as are required by the corporation from time to time and have been accepted for membership by the Corporation's Board of Directors. Individuals or entities who (1) tamper with or damage WEB property, (2) cause a cross-connection or otherwise put the water quality of the system at risk, (3) obstruct WEB staff from performing their assigned duties, (4) make use of water services without reporting it, (5) have established a record of failing to pay their water bill in a timely manner, (6) otherwise engage in or display acts or behaviors not in the best interest of the corporation and which are disruptive its operation or business pan shall not be eligible for membership. The Corporation's Board of Directors shall have the right to deny membership request or to terminate the membership of any individual or entity engaging in such acts or behaviors as defined in Article VII and the by-laws.
IRS990ScheduleO/GeneralExplanation/Explanation1Six rural directors shall be elected by secret ballot, one from each district, with only members residing within each district being entitled to vote for a director from that district. Three municipal directors shall be elected by secret ballot, by and from members that are bodies politic (municipalities) or bulk users receiving water service by town bulk contract rate, within the district boundary, with each such member being entitled to cast one vote for a municipal director for their district area. Directors shall be selected by plurality vote.
IRS990ScheduleO/GeneralExplanation/Explanation2Yes, in some cases. There is a section in the By-laws that deals with recall of directors and referral of issues or Board decisions. For example the Board recommends By-law changes but the members must approve by a 60% vote.
IRS990ScheduleO/GeneralExplanation/Explanation3There are no committees with authority to act on behalf of the governing board.
IRS990ScheduleO/GeneralExplanation/Explanation4At the April meeting the 990 Form draft is provided to the governing board for review.
IRS990ScheduleO/GeneralExplanation/Explanation5The Board reviews the General Manager's performance and sets the rate of pay. They are aware of compensation paid to similar CEOs in the region (REA co-ops, grain elevator managers, etc.). Evaluation was performed in March 2011 as part of the hiring process for the new General Manager. For the Business Manager, the General Manager does an annual review and sets the rate of pay. The Board sees all payroll listings on a monthly basis and reviews the pay policy with the CEO on an annual basis.
IRS990ScheduleO/GeneralExplanation/Explanation6Financial Statements are available only to the members.
IRS990ScheduleO/GeneralExplanation/Explanation7Net unrealized gains on investments: 9,253. Amortization of Contributions for Construction -2,470,809. Membership Contributions 447,846. Advanced Bioenergy, LLC K-1 Income -3,516. Total to Form 990, Part XI, Line 5: -2,017,226.
IRS990ScheduleO/GeneralExplanation/Identifier0Changes in Net Assets or Fund Balances:
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part XI, line 5:
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IRS990/TheBooksAreInCareOf/AddressUS/City0Aberdeen
IRS990/TheBooksAreInCareOf/AddressUS/State0SD
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode0574020051
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Angie Hammrich
IRS990/TheBooksAreInCareOf/TelephoneNumber06052294749
IRS990/TotalAssets/BOY0128143481
IRS990/TotalAssetsBOY0128143481
IRS990/TotalAssets/EOY0126647289
IRS990/TotalAssetsEOY0126647289
IRS990/TotalCompGT150K00
IRS990/TotalExpensesCurrentYear08114625
IRS990/TotalExpensesPriorYear08077550
IRS990/TotalFunctionalExpenses/Total08114625
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI03510
IRS990/TotalLiabilities/BOY033613940
IRS990/TotalLiabilitiesBOY033613940
IRS990/TotalLiabilities/EOY032845618
IRS990/TotalLiabilitiesEOY032845618
IRS990/TotalLiabNetAssetsFundBalances/BOY0128143481
IRS990/TotalLiabNetAssetsFundBalances/EOY0126647289
IRS990/TotalNbrEmployees044
IRS990/TotalNbrVolunteers00
IRS990/TotalNetAssetsFundBalances/BOY094529541
IRS990/TotalNetAssetsFundBalances/EOY093801671
IRS990/TotalOtherCompensation020485
IRS990/TotalOtherRevenue03516
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue09309266
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0165092
IRS990/TotalRevenueCurrentYear09403981
IRS990/TotalRevenue/ExclusionAmount091205
IRS990/TotalRevenuePriorYear08501826
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome09309266
IRS990/TotalRevenue/TotalRevenueColumn09403981
IRS990/TotalRevenue/UnrelatedBusinessRevenue03510
IRS990/TransactionRelatedEntity00
IRS990/Travel/Total0167814
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0www.webwater.org
IRS990/WhistleblowerPolicy00
IRS990/YearFormation01979
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/Filer/EIN0460352027
ReturnHeader/Filer/Name/BusinessNameLine10WEB Water Development Association Inc
ReturnHeader/Filer/NameControl0WEBW
ReturnHeader/Filer/Phone06052294749
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 51
ReturnHeader/Filer/USAddress/City0Aberdeen
ReturnHeader/Filer/USAddress/State0SD
ReturnHeader/Filer/USAddress/ZIPCode0574020051
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-04-08
ReturnHeader/Officer/Name0Steve Harper
ReturnHeader/Officer/Phone06052294749
ReturnHeader/Officer/Title0General Manager
ReturnHeader/Preparer/DatePrepared02013-04-07
ReturnHeader/PreparerFirm/EIN0450250958
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10EIDE BAILLY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1024 2ND AVE SW PO BOX 430
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0ABERDEEN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0SD

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$126,647,289
Liabilities
$32,845,618
Net assets
$93,801,671
Revenue
-
Expenses
$8,114,625
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$239$94.5$145$20.2$12.9$7.27
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$205$77.5$128$19.4$12.4$7.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$150$45.4$105$17.9$11.6$6.30
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$132$33.2$98.8$14.7$11.1$3.62
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$134$36.8$97.2$15.1$10.1$4.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$133$38.0$94.6$13.3$9.80$3.50
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$34.3$93.4$12.4$9.55$2.82
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$128$35.5$92.3$12.4$9.49$2.92
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$120$28.3$91.3$11.2$10.1$1.14
2016Detailed filing. Detailed filing data is available for this year.$122$29.9$92.3$10.6$8.65$1.97
2015Detailed filing. Detailed filing data is available for this year.$124$31.9$92.2$10.3$8.57$1.68
2014Detailed filing. Detailed filing data is available for this year.$124$31.4$92.4$9.56$8.24$1.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$126$32.4$93.2$8.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$32.8$93.8$8.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$33.6$94.5$8.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$131$34.4$96.2$7.88