Civic Intelligence

Joint Well Field Inc

990 • Fiscal year 2015 • EIN 58-2667474

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 09, 2016

47602 SD Highway 28 PO Box 340Toronto, SD 57268

(605) 794-4201

Siviq Scores

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

Liabilities / Assets

68th percentile

0.43x

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

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

1.33x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Net Margin

84th percentile

22%

Higher net margin than 84% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$400

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Asset Growth

83rd percentile

6.8%

Faster asset growth than 83% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

91st percentile

24%

Faster revenue growth than 91% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,108,919

Up $70,346 (+6.8%) from 2014

Net Assets

Up

$628,157

Up $80,374 (+15%) from 2014

Liabilities

Down

$480,762

Down $10,028 (-2.0%) from 2014

Revenue

Up

$362,663

Up $70,240 (+24%) from 2014

Expenses

Down

$282,289

Down $412 (-0.1%) from 2014

Net Income

Up

$80,374

Up $70,652 (+727%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $500,416Liabilities 2011: $10,778Net Assets 2011: $489,6382011Assets 2012: $1,044,530Liabilities 2012: $507,427Net Assets 2012: $537,1032012Assets 2013: $1,036,352Liabilities 2013: $498,291Net Assets 2013: $538,0612013Assets 2014: $1,038,573Liabilities 2014: $490,790Net Assets 2014: $547,7832014Assets 2015: $1,108,919Liabilities 2015: $480,762Net Assets 2015: $628,1572015Assets 2016: $1,180,393Liabilities 2016: $478,457Net Assets 2016: $701,9362016Assets 2017: $1,271,916Liabilities 2017: $465,304Net Assets 2017: $806,6122017Assets 2018: $1,985,539Liabilities 2018: $1,074,735Net Assets 2018: $910,8042018Assets 2019: $2,105,870Liabilities 2019: $1,036,900Net Assets 2019: $1,068,9702019Assets 2020: $2,338,387Liabilities 2020: $1,019,230Net Assets 2020: $1,319,1572020Assets 2021: $2,543,710Liabilities 2021: $953,264Net Assets 2021: $1,590,4462021Assets 2022: $6,306,434Liabilities 2022: $2,806,691Net Assets 2022: $3,499,7432022Assets 2023: $8,836,721Liabilities 2023: $5,218,832Net Assets 2023: $3,617,8892023Assets 2024: $12,813,903Liabilities 2024: $6,785,033Net Assets 2024: $6,028,8702024

Highlighted filing

2015

Assets$1,108,919
Liabilities$480,762
Net Assets$628,157

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2011: $214,9782011Expenses 2012: $262,3722012Revenue 2013: $296,497Expenses 2013: $295,539Net Income 2013: $9582013Revenue 2014: $292,423Expenses 2014: $282,701Net Income 2014: $9,7222014Revenue 2015: $362,663Expenses 2015: $282,289Net Income 2015: $80,3742015Revenue 2016: $373,159Expenses 2016: $299,380Net Income 2016: $73,7792016Revenue 2017: $430,684Expenses 2017: $326,008Net Income 2017: $104,6762017Revenue 2018: $464,817Expenses 2018: $360,625Net Income 2018: $104,1922018Revenue 2019: $563,019Expenses 2019: $404,853Net Income 2019: $158,1662019Revenue 2020: $695,837Expenses 2020: $445,650Net Income 2020: $250,1872020Revenue 2021: $758,352Expenses 2021: $487,063Net Income 2021: $271,2892021Revenue 2022: $2,476,788Expenses 2022: $567,491Net Income 2022: $1,909,2972022Revenue 2023: $856,862Expenses 2023: $738,716Net Income 2023: $118,1462023Revenue 2024: $3,224,112Expenses 2024: $813,131Net Income 2024: $2,410,9812024

Highlighted filing

2015

Revenue$362,663
Expenses$282,289
Net Income$80,374
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 9, 2016
Return Version
2015v2.0
Gross Receipts
$362,663
Mission and Program Overview

Mission

To provide a realiable source of water for the tax exempt rural water systems of Brookings-Deuel Rural Water System and Kingbrook Rural Water System.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$864,058$859,412▼ $4,646
Cash and Non-Interest-Bearing Accounts$27,976$93,270▲ $65,294
Savings and Temporary Cash Investments$9,901$10,000▲ $99
Prepaid Expenses and Deferred Charges$2,567$2,785▲ $218
Accounts Receivable-$0-
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-
Inventories for Sale or Use-$0-
Total Assets$1,038,573$1,108,919▲ $70,346
Other Assets Total$134,071$143,452▲ $9,381
Liabilities
Mortgage Notes Payable Secured by Investment Property$474,784$465,591▼ $9,193
Accounts Payable and Accrued Expenses$14,250$13,391▼ $859
Other Liabilities$1,756$1,780▲ $24
Total Liabilities$490,790$480,762▼ $10,028
Net Assets / Fund Balance
Unrestricted Net Assets$537,882$618,157▲ $80,275
Temporarily Rstr Net Assets$9,901$10,000▲ $99
Total Net Assets Fund Balance$547,783$628,157▲ $80,374
Total Liabilities and Net Assets / Fund Balance$1,038,573$1,108,919▲ $70,346

Asset Categories

AssetBook ValueDepreciationBasis
Land$699,998-$699,998
Other Land Buildings$159,414$278,426$437,840
Other Assets Org$143,452--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Brian ChristiansenVice Chairman$400$400
Neal KjenstadSec/Treasurer$400$400
Rodney StormoDirector$400$400
Scott BrandenburgerChairman$400$400
Harold HaberDirector$200$200
Marvin AntonenDirector$200$200
Troy LenningDirector$200$200

Board Members and Trustees

NameTitle
Scott TolzinDirector
Gene WiltsManager
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$299,119
Investment Income
$56
Other Revenue
$63,488
Change in Net Assets
$80,374

Audited Revenue Reconciliation

Revenue per Audited Statements
$362,663
Total Revenue per Audited Statements
$362,663
Total Revenue per Form 990
$362,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,898
Salaries, Compensation, and Employee Benefits$5,391
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$22,836
Depreciation Depletion---$22,047
Interest---$21,202
Insurance---$7,631
Other Expenses---$6,636
Other Employee Benefits---$3,191
Current Officers, Directors, Trustees, and Key Employees---$2,200
Fees for Services Legal---$1,409
Conferences and Meetings---$1,225
Travel---$438
Advertising---$333
Total Functional Expenses$0$0$0$282,289

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$282,289
Total Expenses per Audited Statements$282,289
Total Expenses per Form 990$282,289
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
Lobbying 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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$1,779
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
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 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 19: Other Organization Documents Publicly Available

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

Filing and Contact Details

Filer

Filer Name
Joint Well Field Inc
EIN
58-2667474
Phone
6057944201
Address
47602 SD Highway 28 PO Box 340, Toronto, SD 57268

Signing Officer

Name
Gene Wilts
Title
Manager
Signed
2016-03-09
Discuss with paid preparer
Yes

Organization Details

Formed
2003
Legal Domicile
Sd
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Kinner & Company Ltd
Address
404 3rd Ave PO Box 690, Brookings, SD 57006
Preparer
Nathan Kinner
Phone
6056922515
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organizations federal Exempt Organization Income Tax Returns (Form 990) for 2012, 2013, and 2014 are subject to examination by the IRS, generally for three years after they were filed.

Raw XML Appendix399 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/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02567
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02785
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0Less Water Service Credit
IRS990/ProgramServiceRevenueGrp/Desc1Water Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0-148091
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1447210
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0-148091
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1447210
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt024
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0277185
IRS990/PYOtherRevenueAmt058489
IRS990/PYProgramServiceRevenueAmt0233910
IRS990/PYRevenuesLessExpensesAmt09722
IRS990/PYSalariesCompEmpBnftPaidAmt05516
IRS990/PYTotalExpensesAmt0282701
IRS990/PYTotalRevenueAmt0292423
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt080374
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt048983
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09901
IRS990/SavingsAndTempCashInvstGrp/EOYAmt010000
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0282289
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0699998
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0699998
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0143452
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Patronage Equities
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0159414
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0278426
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0437840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01779
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/RevenueSubtotalAmt0362663
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Organizations federal Exempt Organization Income Tax Returns (Form 990) for 2012, 2013, and 2014 are subject to examination by the IRS, generally for three years after they were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0859412
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0143452
IRS990ScheduleD/TotalExpensesPerForm990Amt0282289
IRS990ScheduleD/TotalLiabilityAmt01780
IRS990ScheduleD/TotalRevenuePerForm990Amt0362663
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0362663
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0282289
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/ExplanationTxt1The 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/ExplanationTxt2The organization monitors and enforces any conflicts that may arise.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes it 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 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt09901
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt010000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01038573
IRS990/TotalAssetsEOYAmt01108919
IRS990/TotalAssetsGrp/BOYAmt01038573
IRS990/TotalAssetsGrp/EOYAmt01108919
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0282289
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0490790
IRS990/TotalLiabilitiesEOYAmt0480762
IRS990/TotalLiabilitiesGrp/BOYAmt0490790
IRS990/TotalLiabilitiesGrp/EOYAmt0480762
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0547783
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0628157
IRS990/TotalProgramServiceRevenueAmt0299119
IRS990/TotalReportableCompFromOrgAmt02200
IRS990/TotalRevenueGrp/ExclusionAmt056
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0362607
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0362663
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01038573
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01108919
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt0438
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0537882
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0618157
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Gene Wilts
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Manager
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Joint Well Field Inc
ReturnHeader/Filer/BusinessNameControlTxt0JOIN
ReturnHeader/Filer/EIN0582667474
ReturnHeader/Filer/PhoneNum06057944201
ReturnHeader/Filer/USAddress/AddressLine1Txt047602 SD Highway 28 PO Box 340
ReturnHeader/Filer/USAddress/CityNm0Toronto
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057268
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kinner & Company Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0404 3rd Ave PO Box 690
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Brookings
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057006
ReturnHeader/PreparerPersonGrp/PhoneNum06056922515
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nathan Kinner
ReturnHeader/ReturnTs02016-03-09T03:39:07-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$6.79$6.03$3.22$0.81$2.41
2023Detailed filing. Detailed filing data is available for this year.$8.84$5.22$3.62$0.86$0.74$0.12
2022Detailed filing. Detailed filing data is available for this year.$6.31$2.81$3.50$2.48$0.57$1.91
2021Detailed filing. Detailed filing data is available for this year.$2.54$0.95$1.59$0.76$0.49$0.27
2020Detailed filing. Detailed filing data is available for this year.$2.34$1.02$1.32$0.70$0.45$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.11$1.04$1.07$0.56$0.40$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.99$1.07$0.91$0.46$0.36$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.47$0.81$0.43$0.33$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.48$0.70$0.37$0.30$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.11$0.48$0.63$0.36$0.28$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.49$0.55$0.29$0.28$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.04$0.50$0.54$0.30$0.30$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.51$0.54$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.01$0.49$0.21