Gibson Water Authority FY2020 filing

Not tax-deductible

Haubstadt, INMutual-benefit / member-servingSince 1975Mutual / membership EIN 35-1412705Revenue $2.4M in FY2020

On file with the IRS517 E 1250 S, 47639-8710 · Haubstadt, INTax-exempt since May 1980

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To provide Water to its members.

80¢ of each $1 spent went to programs.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
4 of 6
filings with a surplus
Average surplus $412K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$19K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
Spent
$2.5M
To programs
80%
Net assets
$13.4M
By yearFY2020–FY2025
Revenue
$2.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.4M
FY2021$5.1M
FY2022$2.9M
FY2023$3.4M
FY2024$3.4M
FY2025$4.0M
Expenses
$2.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$2.9M
FY2022$3.0M
FY2023$3.3M
FY2024$3.4M
FY2025$3.7M
Net assets
$13.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$13.4M
FY2021$15.6M
FY2022$15.5M
FY2023$15.6M
FY2024$15.6M
FY2025$16.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1980.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.0M Management & general 20% · $518K

Form 990 Part IX, line 25, columns B–D. 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; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Asst Sec/Tre
$4,400Pt VII · Sec A
Treasurer
$4,000Pt VII · Sec A
V. President
$4,000Pt VII · Sec A
Secretary
$3,600Pt VII · Sec A
President
$3,200Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Patricia Campbell$5,200$5,200$2,800$5,600$4,400—
Kreig Christy$5,200$5,200$2,800$4,800$4,400$4,400
Duane Michel$5,200$4,400$5,200$5,200$4,400$3,200
Stephen Meny———$4,000$5,200$3,600
Adam Meny$4,800$4,000$2,400———
James Pohl$3,600$3,600$1,600$4,000$4,400$4,000
Kathryn Armstrong—————$4,000

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

Delivers clean water access to its members.

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2020
01

To provide water to its members

$2.0Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$25K
Investment incomeLn 3$405
Money outPt IX
$2.5M
Ln 25
Programscol B$2.0M
Managementcol C$518K
Owns and owesPt X
$13.4M
net assets · Ln 32
Cash and savingsLn 1–2$646K
Total assetsLn 16$14.6M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$25K
Government grantsLn 1e$25K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$405
Gains on assetsLn 7−$17K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$587K
Cash and savings togetherLn 1–2$646K
Land, buildings, equipmentLn 10c$12.7M
Other assetsLn 15$1.0M
Total assetsLn 16$14.6M
LiabilitiesLn 26$1.2M
Net assetsLn 32$13.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$746K$646K
Land, buildings, equipmentLn 10c$12.1M$12.7M
Total assetsLn 16$14.8M$14.6M
LiabilitiesLn 26$1.3M$1.2M
Net assetsLn 32$13.5M$13.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$19K$19K
Other salaries and wagesLn 7$322K$121K$201K
Pension plan contributionsLn 8$16K$6K$10K
Other employee benefitsLn 9$125K$34K$91K
Payroll taxesLn 10$26K$10K$16K
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$28K$2K$27K
Office expensesLn 13$24K$24K
OccupancyLn 16$40K$40K
TravelLn 17$11K$11K
InterestLn 20$32K$32K
Depreciation, depletion and amortizationLn 22$331K$331K
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$1.5M$1.5M$18K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$2.5M$2.0M$518K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$3.7M$333K$16.0M 990 PDF
FY2024 $3.4M$3.4M$23K$15.6M 990 PDF
FY2023 $3.4M$3.3M$116K$15.6M 990 PDF
FY2022 $2.9M$3.0M−$66K$15.5M 990 PDF
FY2021 $5.1M$2.9M$2.2M$15.6M 990 PDF
FY2020 Viewing $2.4M$2.5M−$150K$13.4M 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 FY2020 990 (6 parts)
Part I · Summary $2,378,343 revenue, 12 lines filed
I-8 Contributions and grants$25,000
I-9 Program service revenuePrior year $3,202,907$2,368,164
I-10 Investment incomePrior year $1,367−$16,909
I-11 Other revenuePrior year $3,288$2,088
I-12 Total revenuePrior year $3,207,562$2,378,343
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $508,207$507,509
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,848,379$2,021,333
I-18 Total expensesPrior year $2,356,586$2,528,842
I-19 Revenue less expensesPrior year $850,976−$150,499
Part VI · Governance 0 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,378,343 across 7 lines filed
VIII-1e Government grants$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,368,164$2,368,164
VIII-3 Investment incomeRelated to mission $405$405
VIII-7 Net gain or loss on sales of assetsRelated to mission −$17,314−$17,314
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,088$2,088
VIII-12 Total revenueRelated to mission $2,353,343$2,378,343
Part IX · Statement of functional expenses $2,528,842 across 16 lines filed
IX-5 Pay of current officers, directors and key staffManagement $19,200$19,200
IX-7 Other salaries and wagesPrograms $120,842 · Management $201,260$322,102
IX-8 Pension plan contributionsPrograms $5,907 · Management $9,903$15,810
IX-9 Other employee benefitsPrograms $34,086 · Management $90,797$124,883
IX-10 Payroll taxesPrograms $9,544 · Management $15,970$25,514
IX-11b Legal feesManagement $15,904$15,904
IX-11c Accounting feesManagement $21,201$21,201
IX-11g Other fees for servicesPrograms $1,805 · Management $26,695$28,500
IX-13 Office expensesManagement $23,858$23,858
IX-16 OccupancyPrograms $39,895$39,895
IX-17 TravelManagement $10,745$10,745
IX-20 InterestManagement $32,375$32,375
IX-22 Depreciation, depletion and amortizationPrograms $331,394$331,394
IX-23 InsuranceManagement $32,447$32,447
IX-24 Other expenses (24a–d)Programs $1,464,718 · Management $17,885$1,482,603
IX-24e All other expensesPrograms $2,411$2,411
IX-25 Total functional expensesPrograms $2,010,602 · Management $518,240 · Fundraising $0$2,528,842
Part X · Balance sheet $14,591,215 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $75,979$58,784
X-2 Savings and temporary cash investmentsStart of year $670,010$587,056
X-4 Accounts receivableStart of year $128,558$176,762
X-8 Inventories for sale or useStart of year $38,107$36,610
X-9 Prepaid expenses and deferred chargesStart of year $22,474$22,714
X-10c Land, buildings and equipment, netStart of year $12,145,697$12,703,208
X-15 Other assetsStart of year $1,750,885$1,006,081
X-16 Total assetsStart of year $14,831,710$14,591,215
X-17 Accounts payable and accrued expensesStart of year $447,791$301,649
X-26 Total liabilitiesStart of year $1,324,236$1,234,240
X-27 Net assets without donor restrictionsStart of year $13,507,474$13,356,975
X-32 Total net assets or fund balancesStart of year $13,507,474$13,356,975
X-33 Total liabilities and net assetsStart of year $14,831,710$14,591,215
Part XI · Reconciliation of net assets $13,356,975 net assets at year end
XI-1 Total revenue$2,378,343
XI-2 Total expenses$2,528,842
XI-3 Revenue less expenses−$150,499
XI-4 Net assets at start of year$13,507,474
XI-10 Net assets at end of year$13,356,975

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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