Driftwood Utilities INC

Not tax-deductible

Columbus, INMutual-benefit / member-servingSince 1970Mutual / membership EIN 23-7319446Revenue $1.2M in FY2025

On file with the IRSPo Box 446, 47202-0446 · Columbus, INTax-exempt since Mar 1974

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The sole purpose of the organization is to provide sewage treatment and disposal services to its members in the taylorsville, indiana area.

100¢ of each $1 spent went to programs.
$15K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $95K a year · 10% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$701K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+20% vs prior year
Spent
$1.4M
To programs
100%
Net assets
$971K
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$886K
FY2021$928K
FY2022$944K
FY2023$938K
FY2024$995K
FY2025$1.2M
Expenses
$1.4M
FY2025▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$772K
FY2021$905K
FY2022$1.1M
FY2023$1.1M
FY2024$1.2M
FY2025$1.4M
Net assets
$971K
FY2025▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.7M
FY2021$1.7M
FY2022$1.5M
FY2023$1.4M
FY2024$1.2M
FY2025$971K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $15K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$12,625Pt VII · Sec A
Vice Preside
$625Pt VII · Sec A
Sergeant at
$625Pt VII · Sec A
Secretary
$625Pt VII · Sec A
Treasurer
$600Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jason Newton$12,625$12,525$12,550$12,400$12,450$12,400
Chris West$625$500$550$400$375$400
Pat Bryant$625$525$550$400$425$400
James Stevens$625$475$550$400$450$400
Todd Roberts$600$500————
Roger Brandt——$550$350$375$400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Treats and disposes of sewage for members in Taylorsville, Indiana.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2025
01

Provide sewage and disposal services in the eastern bartholomew county area in the state of indiana.

$1.4Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$12K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.4M
Owns and owesPt X
$971K
net assets · Ln 32
Cash and savingsLn 1–2$581K
Total assetsLn 16$1.7M
LiabilitiesLn 26$701K
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$12K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$379K
SavingsLn 2$203K
Cash and savings togetherLn 1–2$581K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.7M
LiabilitiesLn 26$701K
Net assetsLn 32$971K
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$530K$581K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$452K$701K
Net assetsLn 32$1.2M$971K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$15K$15K
Other salaries and wagesLn 7$130K$130K
Pension plan contributionsLn 8$3K$3K
Payroll taxesLn 10$9K$9K
Legal feesLn 11b$43K$43K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$9K$9K
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$42K$42K
InsuranceLn 23$47K$47K
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$54K$54K
Total functional expensesLn 25$1.4M$1.4M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.4M−$250K$971K 990 PDF
FY2024 $995K$1.2M−$164K$1.2M 990 PDF
FY2023 $938K$1.1M−$137K$1.4M 990 PDF
FY2022 $944K$1.1M−$159K$1.5M 990 PDF
FY2021 $928K$905K$24K$1.7M 990 PDF
FY2020 $886K$772K$114K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,191,406 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $966,601$1,179,188
I-10 Investment incomePrior year $28,267$12,218
I-11 Other revenue$0
I-12 Total revenuePrior year $994,868$1,191,406
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $154,855$157,631
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,003,844$1,283,773
I-18 Total expensesPrior year $1,158,699$1,441,404
I-19 Revenue less expensesPrior year −$163,831−$249,998
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,191,406 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,179,188$1,179,188
VIII-3 Investment incomeExcluded from tax $12,218$12,218
VIII-12 Total revenueRelated to mission $1,179,188 · Excluded from tax $12,218$1,191,406
Part IX · Statement of functional expenses $1,441,404 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $15,100$15,100
IX-7 Other salaries and wagesPrograms $130,355$130,355
IX-8 Pension plan contributionsPrograms $3,308$3,308
IX-10 Payroll taxesPrograms $8,868$8,868
IX-11b Legal feesPrograms $42,683$42,683
IX-11c Accounting feesPrograms $7,950$7,950
IX-13 Office expensesPrograms $9,295$9,295
IX-17 TravelPrograms $5,082$5,082
IX-22 Depreciation, depletion and amortizationPrograms $42,396$42,396
IX-23 InsurancePrograms $46,860$46,860
IX-24 Other expenses (24a–d)Programs $1,075,104$1,075,104
IX-24e All other expensesPrograms $54,403$54,403
IX-25 Total functional expensesPrograms $1,441,404 · Management $0 · Fundraising $0$1,441,404
Part X · Balance sheet $1,671,308 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $165,985$378,912
X-2 Savings and temporary cash investmentsStart of year $364,150$202,561
X-4 Accounts receivableStart of year $7,956$6,361
X-9 Prepaid expenses and deferred chargesStart of year $150$2,209
X-10c Land, buildings and equipment, netStart of year $1,134,539$1,081,265
X-16 Total assetsStart of year $1,672,780$1,671,308
X-17 Accounts payable and accrued expensesStart of year $78,701$152,185
X-25 Other liabilitiesStart of year $373,661$548,603
X-26 Total liabilitiesStart of year $452,362$700,788
X-32 Total net assets or fund balancesStart of year $1,220,418$970,520
X-33 Total liabilities and net assetsStart of year $1,672,780$1,671,308
Part XI · Reconciliation of net assets $970,520 net assets at year end
XI-1 Total revenue$1,191,406
XI-2 Total expenses$1,441,404
XI-3 Revenue less expenses−$249,998
XI-4 Net assets at start of year$1,220,418
XI-9 Other changes in net assets$100
XI-10 Net assets at end of year$970,520

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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