Civic Intelligence

Southern Black Hills Water System

990 • Fiscal year 2018 • EIN 86-1133469

Jan 01, 2018 to Dec 31, 2018 • Filed on Jan 20, 2020

Organization ProfileWWW.SOUTHERNBLACKHILLSWATER.COM
26858 Hwy 385Hot Springs, SD 57747

(605) 745-4669

Siviq Scores

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

Liabilities / Assets

35th percentile

0.21x

Higher debt load relative to assets than 35% of similar nonprofits.

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

Liabilities / Revenue

89th percentile

4.25x

Higher debt load relative to revenue than 89% of similar nonprofits.

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

Net Margin

3rd percentile

-22%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

50th percentile

$88,555

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

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

Asset Growth

19th percentile

-1.5%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

2nd percentile

-32%

Faster revenue growth than 2% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets35th percentile

Assets

Down

$16,747,613

Down $251,579 (-1.5%) from 2017

Net Assets

Down

$13,193,367

Down $187,793 (-1.4%) from 2017

Liabilities

Down

$3,554,246

Down $63,786 (-1.8%) from 2017

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin3rd percentile

Revenue

Down

$836,995

Down $396,088 (-32%) from 2017

Expenses

Down

$1,024,788

Down $29,109 (-2.8%) from 2017

Net Income

Down

-$187,793

Down $366,979 (-205%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$20M$15M$10M$5.0M$0Assets 2012: $333,683Liabilities 2012: $0Net Assets 2012: $333,6832012Assets 2013: $179,564Liabilities 2013: $0Net Assets 2013: $179,5642013Assets 2014: $14,272,965Liabilities 2014: $3,744,324Net Assets 2014: $10,528,6412014Assets 2015: $17,072,857Liabilities 2015: $3,739,639Net Assets 2015: $13,333,2182015Assets 2016: $16,886,399Liabilities 2016: $3,679,820Net Assets 2016: $13,206,5792016Assets 2017: $16,999,192Liabilities 2017: $3,618,032Net Assets 2017: $13,381,1602017Assets 2018: $16,747,613Liabilities 2018: $3,554,246Net Assets 2018: $13,193,3672018Assets 2019: $16,805,686Liabilities 2019: $3,488,380Net Assets 2019: $13,317,3062019Assets 2020: $16,420,725Liabilities 2020: $3,423,586Net Assets 2020: $12,997,1392020Assets 2021: $16,026,173Liabilities 2021: $3,350,143Net Assets 2021: $12,676,0302021Assets 2022: $15,673,420Liabilities 2022: $3,277,624Net Assets 2022: $12,395,7962022Assets 2023: $15,363,085Liabilities 2023: $3,202,739Net Assets 2023: $12,160,3462023Assets 2024: $15,796,966Liabilities 2024: $3,125,422Net Assets 2024: $12,671,5442024

Highlighted filing

2018

Assets$16,747,613
Liabilities$3,554,246
Net Assets$13,193,367
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $788,3242012Revenue 2013: $1,799,133Expenses 2013: $1,953,252Net Income 2013: -$154,1192013Revenue 2014: $5,417,382Expenses 2014: $524,480Net Income 2014: $4,892,9022014Revenue 2015: $3,452,421Expenses 2015: $647,843Net Income 2015: $2,804,5782015Revenue 2016: $760,766Expenses 2016: $887,406Net Income 2016: -$126,6402016Revenue 2017: $1,233,083Expenses 2017: $1,053,897Net Income 2017: $179,1862017Revenue 2018: $836,995Expenses 2018: $1,024,788Net Income 2018: -$187,7932018Revenue 2019: $1,241,990Expenses 2019: $1,118,051Net Income 2019: $123,9392019Revenue 2020: $659,101Expenses 2020: $979,268Net Income 2020: -$320,1672020Revenue 2021: $748,359Expenses 2021: $1,069,468Net Income 2021: -$321,1092021Revenue 2022: $778,632Expenses 2022: $1,058,866Net Income 2022: -$280,2342022Revenue 2023: $766,072Expenses 2023: $1,001,522Net Income 2023: -$235,4502023Revenue 2024: $1,592,301Expenses 2024: $1,081,103Net Income 2024: $511,1982024

Highlighted filing

2018

Revenue$836,995
Expenses$1,024,788
Net Income-$187,793
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 20, 2020
Return Version
2018v3.2
Gross Receipts
$836,995
Mission and Program Overview

Mission

To plan and construct a regional water system with the purpose of providing safe and dependable water to all current and future residents, businesses, and communities of the southern black hills that are in need of water by the most economic and timely means possible.

To provide water to residents in a certain geographic area

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,537,263$16,137,703▼ $399,560
Savings and Temporary Cash Investments$147,736$174,432▲ $26,696
Cash and Non-Interest-Bearing Accounts$160,513$164,263▲ $3,750
Total Assets$16,999,192$16,747,613▼ $251,579
Other Assets Total$153,680$271,215▲ $117,535
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,618,032$3,554,246▼ $63,786
Total Liabilities$3,618,032$3,554,246▼ $63,786
Net Assets / Fund Balance
Unrestricted Net Assets$13,381,160$13,193,367▼ $187,793
Total Net Assets Fund Balance$13,381,160$13,193,367▼ $187,793
Total Liabilities and Net Assets / Fund Balance$16,999,192$16,747,613▼ $251,579

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,952,601$1,833,507$17,786,108
Equipment$54,473$78,955$133,428
Land$130,629-$130,629
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Don PetersonManagerFT$81,887$6,668$88,555

Board Members and Trustees

NameTitle
Ted WickChairman
Jay SmithVice Chairma
Bob PeplinskiDirector
Bob SeaboldtDirector
Danny DefriesDirector
John BeardDirector
Mike FlemingDirector
Don KrausSecretary
Bob BairdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$242,999
Program Service Revenue
$575,275
Investment Income
$689
Other Revenue
$18,032
Change in Net Assets
$-187,793
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$896,031
Salaries, Compensation, and Employee Benefits$128,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$426,669--$426,669
Interest$115,205--$115,205
Current Officers, Directors, Trustees, and Key Employees$88,555--$88,555
Fees for Services Other$65,871--$65,871
Occupancy$54,768--$54,768
Other Salaries and Wages$27,384--$27,384
Insurance$23,126--$23,126
Fees for Services Legal$22,453--$22,453
Fees for Services Accounting$18,068--$18,068
Travel$15,838--$15,838
Payroll Taxes$10,574--$10,574
Information Technology$6,434--$6,434
Conferences and Meetings$6,153--$6,153
Office Expenses$2,950--$2,950
Other Employee Benefits$2,244--$2,244
Advertising$312--$312
Other Expenses$250--$250
Total Functional Expenses$1,024,788$0$0$1,024,788
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
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, Page 6, Part VI, Line 11B

“The 990 was reviewed by the board director prior to filing. The full board was provided a copy of the return after it was filed.”

Form 990, Page 6, Part VI, Line 12C

“As part of each annual meeting, the board will review possible conflicts of interest of each director of the corporation. Any member of the board having a conflict of interest will abstain from voting or exercising influence in any way on the matter.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Southern Black Hills Water System
EIN
86-1133469
Phone
6057454669
Address
26858 HWY 385, HOT SPRINGS, SD 57747

Signing Officer

Name
Don Peterson
Title
Manager
Phone
6058631265
Signed
2020-01-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Peterson
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
9

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Traci Hanson CPA
Phone
6053425630
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To plan and construct a regional water system with the purpose of providing safe and dependable water to all current and future residents, businesses, and communities of the southern black hills that are in need of water by the most economic and timely means possible”

Raw XML Appendix369 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01833507
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt017786108
IRS990ScheduleD/EquipmentGrp/BookValueAmt054473
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133428
IRS990ScheduleD/LandGrp/BookValueAmt0130629
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0130629
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016137703
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PLAN AND CONSTRUCT A REGIONAL WATER SYSTEM WITH THE PURPOSE OF PROVIDING SAFE AND DEPENDABLE WATER TO ALL CURRENT AND FUTURE RESIDENTS, BUSINESSES, AND COMMUNITIES OF THE SOUTHERN BLACK HILLS THAT ARE IN NEED OF WATER BY THE MOST ECONOMIC AND TIMELY MEANS POSSIBLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS REVIEWED BY THE BOARD DIRECTOR PRIOR TO FILING. THE FULL BOARD WAS PROVIDED A COPY OF THE RETURN AFTER IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS PART OF EACH ANNUAL MEETING, THE BOARD WILL REVIEW POSSIBLE CONFLICTS OF INTEREST OF EACH DIRECTOR OF THE CORPORATION. ANY MEMBER OF THE BOARD HAVING A CONFLICT OF INTEREST WILL ABSTAIN FROM VOTING OR EXERCISING INFLUENCE IN ANY WAY ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0593307
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0836995
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IRS990/VotingMembersIndependentCnt09
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON PETERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum06058631265
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHERN BLACK HILLS WATER SYSTEM
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0861133469
ReturnHeader/Filer/PhoneNum06057454669
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09E9AA121738291CE3BF2A609D9A6975C75990352
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.2.194.12
ReturnHeader/FilingSecurityInformation/IPDt02020-01-20
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:48:47
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460257538
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KETEL THORSTENSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RAPID CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0577093140
ReturnHeader/PreparerPersonGrp/PhoneNum06053425630
ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACI HANSON CPA
ReturnHeader/ReturnTs02020-01-20T12:48:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$16,747,613
Liabilities
$3,554,246
Net assets
$13,193,367
Revenue
$836,995
Expenses
$1,024,788
Net income
-$187,793
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.8$3.13$12.7$1.59$1.08$0.51
2023Detailed filing. Detailed filing data is available for this year.$15.4$3.20$12.2$0.77$1.00$0.24
2022Detailed filing. Detailed filing data is available for this year.$15.7$3.28$12.4$0.78$1.06$0.28
2021Detailed filing. Detailed filing data is available for this year.$16.0$3.35$12.7$0.75$1.07$0.32
2020Detailed filing. Detailed filing data is available for this year.$16.4$3.42$13.0$0.66$0.98$0.32
2019Detailed filing. Detailed filing data is available for this year.$16.8$3.49$13.3$1.24$1.12$0.12
2018Detailed filing. Detailed filing data is available for this year.$16.7$3.55$13.2$0.84$1.02$0.19
2017Summary only. Only limited summary data is available for this year.$17.0$3.62$13.4$1.23$1.05$0.18
2016Detailed filing. Detailed filing data is available for this year.$16.9$3.68$13.2$0.76$0.89$0.13
2015Detailed filing. Detailed filing data is available for this year.$17.1$3.74$13.3$3.45$0.65$2.80
2014Detailed filing. Detailed filing data is available for this year.$14.3$3.74$10.5$5.42$0.52$4.89
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$1.80$1.95$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.00$0.33$0.79