Civic Intelligence

Garrard County Water Association Inc

EIN 61-0712154 • 501(c)12 • Lancaster, KY

View Organization Page

Profile

To provide water service to the citizens of rural garrard county and parts of western madison county, northern lincoln county, and western rockcastle county, kentucky.

PO Box 670Lancaster, KY 40444

garrardwater.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.20x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

44th percentile

1.03x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2023

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

57th percentile

$103,803

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

$10M-$25M nonprofits • Source year 2021

Asset Growth

90th percentile

25%

Faster asset growth than 90% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

42%

Faster revenue growth than 91% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$19,866,531

Up $3,967,094 (+25%) from 2022

Liabilities

Up

$3,889,244

Up $2,566,157 (+194%) from 2022

Net Assets

Up

$15,977,287

Up $1,400,937 (+9.6%) from 2022

Operations
Liabilities / Revenue44th percentileNet Margin85th percentile

Revenue

Up

$3,784,741

Up $1,128,746 (+42%) from 2022

Expenses

Up

$2,411,435

Up $55,120 (+2.3%) from 2022

Net Income

Up

$1,373,306

Up $1,073,626 (+358%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $11,818,275Liabilities 2011: $75,386Net Assets 2011: $11,742,8892011Assets 2012: $11,967,404Liabilities 2012: $81,707Net Assets 2012: $11,885,6972012Assets 2013: $12,748,527Liabilities 2013: $115,794Net Assets 2013: $12,632,7332013Assets 2014: $12,802,258Liabilities 2014: $80,265Net Assets 2014: $12,721,9932014Assets 2015: $12,874,071Liabilities 2015: $118,983Net Assets 2015: $12,755,0882015Assets 2016: $13,051,203Liabilities 2016: $91,497Net Assets 2016: $12,959,7062016Assets 2017: $13,470,739Liabilities 2017: $374,576Net Assets 2017: $13,096,1632017Assets 2018: $16,816,501Liabilities 2018: $2,828,646Net Assets 2018: $13,987,8552018Assets 2019: $16,518,195Liabilities 2019: $2,337,117Net Assets 2019: $14,181,0782019Assets 2020: $15,625,057Liabilities 2020: $1,348,640Net Assets 2020: $14,276,4172020Assets 2021: $14,570,629Liabilities 2021: $186,807Net Assets 2021: $14,383,8222021Assets 2022: $15,899,437Liabilities 2022: $1,323,087Net Assets 2022: $14,576,3502022Assets 2023: $19,866,531Liabilities 2023: $3,889,244Net Assets 2023: $15,977,2872023

Highlighted filing

2023

Assets$19,866,531
Liabilities$3,889,244
Net Assets$15,977,287
Open 2023 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $2,114,883Expenses 2011: $1,750,173Net Income 2011: $364,7102011Revenue 2012: $1,907,406Expenses 2012: $1,766,583Net Income 2012: $140,8232012Revenue 2013: $2,479,551Expenses 2013: $1,736,335Net Income 2013: $743,2162013Revenue 2014: $2,006,680Expenses 2014: $1,908,486Net Income 2014: $98,1942014Revenue 2015: $1,980,364Expenses 2015: $1,917,556Net Income 2015: $62,8082015Revenue 2016: $2,091,917Expenses 2016: $1,911,907Net Income 2016: $180,0102016Revenue 2017: $2,090,736Expenses 2017: $1,977,370Net Income 2017: $113,3662017Revenue 2018: $3,127,756Expenses 2018: $2,175,322Net Income 2018: $952,4342018Revenue 2019: $2,521,262Expenses 2019: $2,403,083Net Income 2019: $118,1792019Revenue 2020: $2,443,894Expenses 2020: $2,368,201Net Income 2020: $75,6932020Revenue 2021: $2,374,459Expenses 2021: $2,288,971Net Income 2021: $85,4882021Revenue 2022: $2,655,995Expenses 2022: $2,356,315Net Income 2022: $299,6802022Revenue 2023: $3,784,741Expenses 2023: $2,411,435Net Income 2023: $1,373,3062023

Highlighted filing

2023

Revenue$3,784,741
Expenses$2,411,435
Net Income$1,373,306
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$19,866,531
Liabilities
$3,889,244
Net assets
$15,977,287
Revenue
$3,784,741
Expenses
$2,411,435
Net income
$1,373,306
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$19.9$3.89$16.0$3.78$2.41$1.37
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.9$1.32$14.6$2.66$2.36$0.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$0.19$14.4$2.37$2.29$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$1.35$14.3$2.44$2.37$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$2.34$14.2$2.52$2.40$0.12
2018Summary only. Only limited summary data is available for this year.$16.8$2.83$14.0$3.13$2.18$0.95
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.5$0.37$13.1$2.09$1.98$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.1$0.09$13.0$2.09$1.91$0.18
2015Summary only. Only limited summary data is available for this year.$12.9$0.12$12.8$1.98$1.92$0.06
2014Detailed filing. Detailed filing data is available for this year.$12.8$0.08$12.7$2.01$1.91$0.10
2013Summary only. Only limited summary data is available for this year.$12.7$0.12$12.6$2.48$1.74$0.74
2012Summary only. Only limited summary data is available for this year.$12.0$0.08$11.9$1.91$1.77$0.14
2011Summary only. Only limited summary data is available for this year.$11.8$0.08$11.7$2.11$1.75$0.36
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 23, 2022
Return Version
2021v4.2
Gross Receipts
$2,379,375
Mission and Program Overview

Mission

To provide water service to the citizens of rural garrard county and parts of western madison county, northern lincoln county, and western rockcastle county, kentucky.

Provision of water to association members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$10,612,540$10,689,505▲ $76,965
Land, Buildings, and Equipment, Net$10,845,563$10,635,052▼ $210,511
Rtn Earn Endowment Incm Other Fnds$3,663,877$3,694,317▲ $30,440
Savings and Temporary Cash Investments$3,648,087$2,885,633▼ $762,454
Investments in Publicly Traded Securities$734,834$793,015▲ $58,181
Accounts Receivable$204,430$133,104▼ $71,326
Cash and Non-Interest-Bearing Accounts$154,033$98,635▼ $55,398
Prepaid Expenses and Deferred Charges$20,369$16,685▼ $3,684
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,625,057$14,570,629▼ $1,054,428
Other Assets Total$17,741$8,505▼ $9,236
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,164,121$0▼ $1,164,121
Accounts Payable and Accrued Expenses$166,251$182,487▲ $16,236
Other Liabilities$18,268$4,320▼ $13,948
Total Liabilities$1,348,640$186,807▼ $1,161,833
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,276,417$14,383,822▲ $107,405
Total Liabilities and Net Assets / Fund Balance$15,625,057$14,570,629▼ $1,054,428

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,411,606$9,541,403$19,953,009
Buildings$99,535$90,149$135,926
Land$123,911-$99,907
Compensation and Service Providers
Top Officer Pay57th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean SmithBoard Member and ManagerFT$86,077$17,726$103,803
Billy DoolinPresident / Board Member-$3,000-$3,000
Felix ReynoldsVice Pres / Board Member-$3,000-$3,000
Gary ClarkBoard Member-$3,000-$3,000
Jenny Lynn WhittakerSec-treasurer / Board Mbr-$3,000-$3,000
William OliverBoard Member-$3,000-$3,000
Robert BallardBoard Member-$2,750-$2,750
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,274,615
Investment Income
$96,132
Other Revenue
$3,712
Change in Net Assets
$85,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,374,459
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$24,205
Total Revenue per Audited Statements
$2,398,664
Total Revenue per Form 990
$2,374,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,786,441
Salaries, Compensation, and Employee Benefits$502,530
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$429,199
Other Salaries and Wages---$279,126
Current Officers, Directors, Trustees, and Key Employees---$121,553
Other Employee Benefits---$62,680
Office Expenses---$57,503
Insurance---$32,128
Payroll Taxes---$29,995
Fees for Services Accounting---$25,175
Travel---$20,571
Occupancy---$20,181
Fees for Services Other---$16,028
All Other Expenses---$11,131
Other Expenses---$9,254
Pension Plan Contributions---$9,176
Interest---$6,603
Fees for Services Legal---$4,865
Fees for Service Investment Mgmnt Fees---$2,755
Advertising---$268
Total Functional Expenses$0$0$0$2,288,971

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,291,259
Expenses per Audited Statements$2,288,971
Total Expenses per Form 990$2,288,971
Expenses Not Reported on Form 990$2,288
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions in Advance of New Connections$3,320
Rent Deposit$1,000
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 35% controlled entity
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, Section A, Line 6

“All individuals receiving water services from the garrard county water association, inc. Are considered to be members of the association.”

Form 990, Part VI, Section A, Line 7A

“Each member is entitled to vote in the annual election of board members.”

Form 990, Part VI, Section B, Line 11B

“Prior to the filing of the 990, the board of directors is provided with a copy of the 990 for its review. Any comments or questions that the board members have are documented and are considered or resolved prior to submission of the final draft of the 990 to the irs.”

Form 990, Part VI, Section B, Line 12C

“Each officer, director, or key employee is annually provided a copy of the conflict of interest policy. Following receipt of the policy, each officer, director, or key employee signs a statement which affirms that such person has received a copy of the policy, has read and understands the policy, and has agreed to comply with the policy. In the event the governing board or committee discovers that any such persons has failed to disclose actual or potential conflicts of interest, appropriate disciplinary and corrective action shall be taken by the governing board.”

Form 990, Part VI, Section C, Line 19

“The association makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Detailed financial information may also be obtained from the kentucky public service commission by any interested party via its website psc.ky.gov.”

Filing and Contact Details

Filer

Filer Name
Garrard County Water Association Inc
EIN
61-0712154
Phone
8597924501
Address
PO BOX 670, LANCASTER, KY 40444

Signing Officer

Name
Sean Smith
Title
Manager
Phone
8597924501
Signed
2022-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Smith
Formed
1970
Legal Domicile
Ky
Voting Board Members
7
Independent Board Members
6
Employees
15
Volunteers
0

Preparer

Firm
Robinson Hughes & Christopher Psc
Address
PO BOX 880, DANVILLE, KY 40423-0880
Preparer
Michael K Stevens CPA
Phone
8592366628
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Depreciation on rental property netted against income on 990 1,432. Property taxes on rental property netted against income on 990 856.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Depreciation on rental property netted against income on 990 1,432. Property taxes on rental property netted against income on 990 856.”

Raw XML Appendix395 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0166251
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0182487
IRS990/AccountsReceivableGrp/BOYAmt0204430
IRS990/AccountsReceivableGrp/EOYAmt0133104
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVISION OF WATER TO ASSOCIATION MEMBERS.
IRS990/AdvertisingGrp/TotalAmt0268
IRS990/AllOtherExpensesGrp/TotalAmt011131
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0COMPANY
IRS990/BooksInCareOfDetail/PhoneNum08597924501
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0315 LEXINGTON ROAD PO BOX 670
IRS990/BooksInCareOfDetail/USAddress/CityNm0LANCASTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0404440670
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0154033
IRS990/CashNonInterestBearingGrp/EOYAmt098635
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0121553
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt096132
IRS990/CYOtherExpensesAmt01786441
IRS990/CYOtherRevenueAmt03712
IRS990/CYProgramServiceRevenueAmt02274615
IRS990/CYRevenuesLessExpensesAmt085488
IRS990/CYSalariesCompEmpBnftPaidAmt0502530
IRS990/CYTotalExpensesAmt02288971
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02374459
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0429199
IRS990/Desc0PROVISION OF WATER SERVICE TO 6,008 RURAL RESIDENTIAL AND COMMERCIAL WATER CUSTOMERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt015
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt02288971
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt025175
IRS990/FeesForServicesLegalGrp/TotalAmt04865
IRS990/FeesForServicesOtherGrp/TotalAmt016028
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt02755
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
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/OtherCompensationAmt617726
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT BALLARD
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNY LYNN WHITTAKER
IRS990/Form990PartVIISectionAGrp/PersonNm2FELIX REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm3BILLY DOOLIN
IRS990/Form990PartVIISectionAGrp/PersonNm4GARY CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm5WILLIAM OLIVER
IRS990/Form990PartVIISectionAGrp/PersonNm6SEAN SMITH
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1SEC-TREASURER / BOARD MBR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRES / BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT / BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER AND MANAGER
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IRS990/FSAuditedInd01
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IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt032128
IRS990/InterestGrp/TotalAmt06603
IRS990/InvestmentIncomeGrp/ExclusionAmt077974
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt077974
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0734834
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0793015
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09631552
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010845563
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010635052
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IRS990/LegalDomicileStateCd0KY
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IRS990/LessRentalExpensesGrp/RealAmt02288
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE WATER SERVICE TO THE CITIZENS OF RURAL GARRARD COUNTY AND PARTS OF WESTERN MADISON COUNTY, NORTHERN LINCOLN COUNTY, AND WESTERN ROCKCASTLE COUNTY, KENTUCKY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01164121
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt014276417
IRS990/NetAssetsOrFundBalancesEOYAmt014383822
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt018158
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt018158
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt03712
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03712
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt021917
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt020181
IRS990/OfficeExpensesGrp/TotalAmt057503
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt017741
IRS990/OtherAssetsTotalGrp/EOYAmt08505
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062680
IRS990/OtherExpensesGrp/Desc0WATER PURCHASED FOR RES
IRS990/OtherExpensesGrp/Desc1MATERIALS FOR WATER SYS
IRS990/OtherExpensesGrp/Desc2BAD DEBTS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt01079697
IRS990/OtherExpensesGrp/TotalAmt137826
IRS990/OtherExpensesGrp/TotalAmt233257
IRS990/OtherExpensesGrp/TotalAmt39254
IRS990/OtherLiabilitiesGrp/BOYAmt018268
IRS990/OtherLiabilitiesGrp/EOYAmt04320
IRS990/OtherSalariesAndWagesGrp/TotalAmt0279126
IRS990/OtherSourcesGrossIncomeAmt0102132
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt029995
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt010612540
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt010689505
IRS990/PensionPlanContributionsGrp/TotalAmt09176
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020369
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016685
IRS990/PrincipalOfficerNm0SEAN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES METERED
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2CONNECTION FEES
IRS990/ProgramServiceRevenueGrp/Desc3911 PROCESSING FEES
IRS990/ProgramServiceRevenueGrp/Desc4HYDRANT FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02088842
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt191027
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt276966
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315816
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02088842
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt191027
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt276966
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt088540
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0107970
IRS990/PYOtherExpensesAmt01865134
IRS990/PYOtherRevenueAmt02212
IRS990/PYProgramServiceRevenueAmt02245172
IRS990/PYRevenuesLessExpensesAmt075693
IRS990/PYSalariesCompEmpBnftPaidAmt0503067
IRS990/PYTotalExpensesAmt02368201
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02443894
IRS990/ReconcilationRevenueExpnssAmt085488
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt03712
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02274615
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03663877
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03694317
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03648087
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02885633
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt099535
IRS990ScheduleD/BuildingsGrp/DepreciationAmt090149
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt053758
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0135926
IRS990ScheduleD/EquipmentGrp/BookValueAmt010411606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09541403
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019953009
IRS990ScheduleD/ExpensesNotReportedAmt02288
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02288971
IRS990ScheduleD/LandGrp/BookValueAmt0123911
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt024004
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt099907
IRS990ScheduleD/NetUnrealizedGainsInvstAmt021917
IRS990ScheduleD/OtherExpensesIncludedAmt02288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS IN ADVANCE OF NEW CONNECTIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RENT DEPOSIT
IRS990ScheduleD/OtherRevenueAmt02288
IRS990ScheduleD/RevenueNotReportedAmt024205
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02374459
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DEPRECIATION ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 1,432. PROPERTY TAXES ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 856.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 1,432. PROPERTY TAXES ON RENTAL PROPERTY NETTED AGAINST INCOME ON 990 856.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010635052
IRS990ScheduleD/TotalExpensesPerForm990Amt02288971
IRS990ScheduleD/TotalLiabilityAmt04320
IRS990ScheduleD/TotalRevenuePerForm990Amt02374459
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02398664
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02291259
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL INDIVIDUALS RECEIVING WATER SERVICES FROM THE GARRARD COUNTY WATER ASSOCIATION, INC. ARE CONSIDERED TO BE MEMBERS OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH MEMBER IS ENTITLED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR TO THE FILING OF THE 990, THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE 990 FOR ITS REVIEW. ANY COMMENTS OR QUESTIONS THAT THE BOARD MEMBERS HAVE ARE DOCUMENTED AND ARE CONSIDERED OR RESOLVED PRIOR TO SUBMISSION OF THE FINAL DRAFT OF THE 990 TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH OFFICER, DIRECTOR, OR KEY EMPLOYEE IS ANNUALLY PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY. FOLLOWING RECEIPT OF THE POLICY, EACH OFFICER, DIRECTOR, OR KEY EMPLOYEE SIGNS A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE POLICY, HAS READ AND UNDERSTANDS THE POLICY, AND HAS AGREED TO COMPLY WITH THE POLICY. IN THE EVENT THE GOVERNING BOARD OR COMMITTEE DISCOVERS THAT ANY SUCH PERSONS HAS FAILED TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION SHALL BE TAKEN BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. DETAILED FINANCIAL INFORMATION MAY ALSO BE OBTAINED FROM THE KENTUCKY PUBLIC SERVICE COMMISSION BY ANY INTERESTED PARTY VIA ITS WEBSITE PSC.KY.GOV.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt015625057
IRS990/TotalAssetsEOYAmt014570629
IRS990/TotalAssetsGrp/BOYAmt015625057
IRS990/TotalAssetsGrp/EOYAmt014570629
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/TotalAmt02288971
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01348640
IRS990/TotalLiabilitiesEOYAmt0186807
IRS990/TotalLiabilitiesGrp/BOYAmt01348640
IRS990/TotalLiabilitiesGrp/EOYAmt0186807
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014276417
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014383822
IRS990/TotalOtherCompensationAmt017726
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0764
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0764
IRS990/TotalProgramServiceExpensesAmt02288971
IRS990/TotalProgramServiceRevenueAmt02274615
IRS990/TotalReportableCompFromOrgAmt0103827
IRS990/TotalRevenueGrp/ExclusionAmt099844
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02274615
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02374459
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015625057
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014570629
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt020571
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0315 LEXINGTON ROAD
IRS990/USAddress/CityNm0LANCASTER
IRS990/USAddress/StateAbbreviationCd0KY
IRS990/USAddress/ZIPCd040444
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0GARRARDWATER.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SEAN SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08597924501
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GARRARD COUNTY WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GARR
ReturnHeader/Filer/EIN0610712154
ReturnHeader/Filer/PhoneNum08597924501
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 670
ReturnHeader/Filer/USAddress/CityNm0LANCASTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd040444
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611098477
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ROBINSON HUGHES & CHRISTOPHER PSC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 880
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0404230880
ReturnHeader/PreparerPersonGrp/PhoneNum08592366628
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL K STEVENS CPA
ReturnHeader/ReturnTs02022-03-30T09:54:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SEAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMITH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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