Upper Halfmoon Water Co INC

Not tax-deductible

Port Matilda, PAMutual-benefit / member-servingEIN 25-1225480Revenue $240K in FY2024

On file with the IRSupperhalfmoonwater.org1952 Halfmoon Valley Rd, 16870-8710 · Port Matilda, PATax-exempt since Jul 1979

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To provide Water service to residents of Upper Halfmoon township, pennsylvania.

Run by 8 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $17K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$98K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.08% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+15% vs prior year
Spent
$263K
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$240K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$216K
FY2021$208K
FY2022$202K
FY2023$209K
FY2024$240K
Expenses
$263K
FY2024▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$206K
FY2021$210K
FY2022$223K
FY2023$259K
FY2024$263K
Net assets
$1.5M
FY2024▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.5M
FY2023$1.5M
FY2024$1.5M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1979.

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

Who runs it and what they're paid

10 people listed on the 990; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President
$77,100Pt VII · Sec A
$17,222Pt VII · Sec A
President
$720Pt VII · Sec A
$720Pt VII · Sec A
Member
$400Pt VII · Sec A
$400Pt VII · Sec A
$400Pt VII · Sec A
$400Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ben Pisoni$77,100$74,724$74,731$63,918$63,918
Eric Smarkusky$17,222$2,740$720$720$720
Mark Barnoff$400$400$400$2,400$2,300
Rick Day$720$720$720$720$720
John Switalski$720$400$720$400$400
Ned Liggett—$720—$720$720
Jon Reed$400$400—$400$400
Dave Baughman$400$400—$400$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 15aNo

Programs and updates

Supplies clean water to residents of Upper Halfmoon Township, Pennsylvania.

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1 program · in their own filed words · FY2024
01

The upper halfmoon water company, inc. Is a pa dep regulated public water supplier that meets all water quality and quantity standards set forth by dep, epa, and SRBC. Water, and associated fire protection, is provided to nearly 620 homes and businesses.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$231K
Investment incomeLn 3$8K
Other incomeLn 4–11$2K
Money outPt IX
$263K
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$298K
Total assetsLn 16$1.5M
LiabilitiesLn 26$1K
PeoplePt VI, VII
10
listed · VII A
PaidVII A9
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$231K
Investment incomeLn 3$8K
Other incomeLn 4–11$2K
Total revenueLn 12$240K
Assets in detailPt X, end of year
SavingsLn 2$298K
Cash and savings togetherLn 1–2$298K
Land, buildings, equipmentLn 10c$1.1M
Total assetsLn 16$1.5M
LiabilitiesLn 26$1K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 510
VolunteersI 68
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 FY24End FY24
Cash and savingsLn 1–2$295K$298K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$15K$1K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$98K
Other salaries and wagesLn 7$13K
Payroll taxesLn 10$8K
Accounting feesLn 11c$14K
Other fees for servicesLn 11g$2K
Office expensesLn 13$9K
OccupancyLn 16$17K
Depreciation, depletion and amortizationLn 22$40K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$56K
Total functional expensesLn 25$263K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $240K$263K−$23K$1.5M 990 PDF
FY2023 $209K$259K−$50K$1.5M 990 PDF
FY2022 $202K$223K−$20K$1.5M 990 PDF
FY2021 $208K$210K−$2K$1.6M 990 PDF
FY2020 $216K$206K$10K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $239,957 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $203,270$230,773
I-10 Investment incomePrior year $4,641$7,667
I-11 Other revenuePrior year $919$1,517
I-12 Total revenuePrior year $208,830$239,957
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $100,450$118,930
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $158,778$143,651
I-18 Total expensesPrior year $259,228$262,581
I-19 Revenue less expensesPrior year −$50,398−$22,624
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $239,957 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $230,773$230,773
VIII-3 Investment incomeExcluded from tax $7,667$7,667
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,517$1,517
VIII-12 Total revenueRelated to mission $230,773 · Unrelated business $0 · Excluded from tax $9,184$239,957
Part IX · Statement of functional expenses $262,581 across 10 lines filed
IX-5 Pay of current officers, directors and key staff$97,662
IX-7 Other salaries and wages$12,816
IX-10 Payroll taxes$8,452
IX-11c Accounting fees$13,662
IX-11g Other fees for services$1,520
IX-13 Office expenses$8,548
IX-16 Occupancy$16,592
IX-22 Depreciation, depletion and amortization$39,689
IX-23 Insurance$8,112
IX-24 Other expenses (24a–d)$55,528
IX-25 Total functional expenses$262,581
Part X · Balance sheet $1,462,399 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $295,448$297,660
X-4 Accounts receivableStart of year $60,652$61,181
X-10c Land, buildings and equipment, netStart of year $1,143,247$1,103,558
X-16 Total assetsStart of year $1,499,347$1,462,399
X-17 Accounts payable and accrued expensesStart of year $15,492$1,168
X-26 Total liabilitiesStart of year $15,492$1,168
X-32 Total net assets or fund balancesStart of year $1,483,855$1,461,231
X-33 Total liabilities and net assetsStart of year $1,499,347$1,462,399
Part XI · Reconciliation of net assets $1,461,231 net assets at year end
XI-1 Total revenue$239,957
XI-2 Total expenses$262,581
XI-3 Revenue less expenses−$22,624
XI-4 Net assets at start of year$1,483,855
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,461,231

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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