Mapleturn Utilities INC FY2020 filing

Not tax-deductible

Martinsville, INMutual-benefit / member-servingSince 1988EIN 35-1732031

Provide potable water and sewage for those in the serving area

100¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

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
2 of 6
filings with a surplus
Average deficit $74K a year · 9% 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
$60K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.5M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$763K
Spent
$724K
To programs
100%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$763K
FY2020
Revenue by fiscal year
FY2020$763K
FY2021$770K
FY2022$798K
FY2023$824K
FY2024$816K
FY2025$797K
Expenses
$724K
FY2020
Expenses by fiscal year
FY2020$724K
FY2021$733K
FY2022$832K
FY2023$907K
FY2024$1.0M
FY2025$1.0M
Net assets
$2.5M
FY2020
Net assets by fiscal year
FY2020$2.5M
FY2021$2.5M
FY2022$2.5M
FY2023$2.5M
FY2024$2.3M
FY2025$2.1M

From the FY2020 Form 990 · see the original

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 Jul 1989.

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% · $724K

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

Who runs it and what they're paid

7 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
$60,451Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kent Garrison$82,536$60,068$71,771———
Steve Collins———$67,160$61,813$60,451

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.

See Mapleturn Utilities INC executive salaries →

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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

Provides water and wastewater services to its members.

Provided by the organization

This section is blank until Mapleturn Utilities INC claims this page.

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1 program service account for $724K of program spending, described in the organization's own filed words · FY2020.
01

Provide potable water and sewage treatment to members

$724Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$763K
Ln 12
Fees for servicesLn 2g$762K
Investment incomeLn 3$576
Other incomeLn 4–11$82
Money outPt IX
$724K
Ln 25
Programscol B$724K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$807K
Total assetsLn 16$4.0M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$762K
Investment incomeLn 3$576
Other incomeLn 4–11$82
Total revenueLn 12$763K
Assets in detailPt X, end of year
CashLn 1$341K
SavingsLn 2$466K
Cash and savings togetherLn 1–2$807K
Land, buildings, equipmentLn 10c$3.1M
Total assetsLn 16$4.0M
LiabilitiesLn 26$1.5M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 56
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$666K$807K
Land, buildings, equipmentLn 10c$3.3M$3.1M
Total assetsLn 16$4.0M$4.0M
LiabilitiesLn 26$1.6M$1.5M
Net assetsLn 32$2.4M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$238K$238K
Pension plan contributionsLn 8$3K$3K
Other employee benefitsLn 9$65K$65K
Payroll taxesLn 10$19K$19K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$5K$5K
Office expensesLn 13$23K$23K
InterestLn 20$50K$50K
Depreciation, depletion and amortizationLn 22$158K$158K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$133K$133K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$724K$724K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $797K$1.0M−$221K$2.1M 990 PDF
FY2024 $816K$1.0M−$185K$2.3M 990 PDF
FY2023 $824K$907K−$83K$2.5M 990 PDF
FY2022 $798K$832K−$34K$2.5M 990 PDF
FY2021 $770K$733K$37K$2.5M 990 PDF
FY2020 Viewing $763K$724K$39K$2.5M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $762,782 across 4 lines filed
Lines not itemized here account for $7,481 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $754,643$754,643
VIII-3 Investment incomeRelated to mission $576$576
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $82$82
VIII-12 Total revenueRelated to mission $762,782 · Unrelated business $0 · Excluded from tax $0$762,782
Part IX · Statement of functional expenses $724,068 across 12 lines filed
IX-7 Other salaries and wagesPrograms $238,444$238,444
IX-8 Pension plan contributionsPrograms $2,721$2,721
IX-9 Other employee benefitsPrograms $64,900$64,900
IX-10 Payroll taxesPrograms $18,761$18,761
IX-11c Accounting feesPrograms $9,904$9,904
IX-11g Other fees for servicesPrograms $4,710$4,710
IX-13 Office expensesPrograms $22,507$22,507
IX-20 InterestPrograms $49,987$49,987
IX-22 Depreciation, depletion and amortizationPrograms $158,455$158,455
IX-23 InsurancePrograms $16,530$16,530
IX-24 Other expenses (24a–d)Programs $133,101$133,101
IX-24e All other expensesPrograms $4,048$4,048
IX-25 Total functional expensesPrograms $724,068 · Management $0 · Fundraising $0$724,068
Part X · Balance sheet $4,028,605 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $299,382$340,652
X-2 Savings and temporary cash investmentsStart of year $366,535$465,919
X-4 Accounts receivableStart of year $65,568$65,109
X-9 Prepaid expenses and deferred chargesStart of year $21,242$7,316
X-10c Land, buildings and equipment, netStart of year $3,256,746$3,149,609
X-16 Total assetsStart of year $4,009,473$4,028,605
X-17 Accounts payable and accrued expensesStart of year $22,449$8,798
X-25 Other liabilitiesStart of year $2,042$2,012
X-26 Total liabilitiesStart of year $1,576,283$1,533,655
X-32 Total net assets or fund balancesStart of year $2,433,190$2,494,950
X-33 Total liabilities and net assetsStart of year $4,009,473$4,028,605
Part XI · Reconciliation of net assets $2,494,950 net assets at year end
XI-1 Total revenue$762,782
XI-2 Total expenses$724,068
XI-3 Revenue less expenses$38,714
XI-4 Net assets at start of year$2,433,190
XI-9 Other changes in net assets$23,046
XI-10 Net assets at end of year$2,494,950

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

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