Deep Run Water Corp

Not tax-deductible

Deep Run, NCMutual-benefit / member-servingMutual / membership EIN 56-0933167Revenue $2.4M in FY2024Latest return filed Nov 4, 2025

On file with the IRSdeeprunwater.ruralwaterusa.comDeep Run, NCTax-exempt since Nov 1969

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Provide clean water to 5,303 resident members of southern Lenoir County.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-0933167) · Dispute this line
98¢ of each $1 spent went to programs.
$4K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $114K a year · 5% of revenue · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4K
to officers and key staff · 0.1% of spending
Pay to officers and key staff is 0.1% of spending.
Part VII, Section A
2.3 mo
of spending, in cash
Plus $1.1M in investments, Pt X · Ln 11–13
2.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$396K
6% of total assets
Liabilities are 6% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.4M
+2% vs prior year
Spent
$2.6M
To programs
98%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$2.4M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.4M
FY2023$2.4M
FY2024$2.4M
Expenses
$2.6M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.3M
FY2021$2.3M
FY2022$2.5M
FY2023$2.5M
FY2024$2.6M
Net assets
$6.4M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$6.9M
FY2022$6.6M
FY2023$6.5M
FY2024$6.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1969.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $2.6M Management & general 2% · $42K

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

9 people listed on the 990; $4K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$3,600Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Andy Heath$3,600$3,600———
Emmette C Sutton——$3,600$3,600$3,600

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 Deep Run Water Corp executive salaries →

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

Brings clean water to southern Lenoir County residents.

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1 program · $2.6M · in their own filed words · FY2024
01

Provided clean water to 5,513 resident members of southern Lenoir County.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 56-0933167) · Dispute this line
$2.6Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$60K
Gifts and grantsLn 1h$3K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.6M
Managementcol C$42K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$507K
Total assetsLn 16$6.8M
LiabilitiesLn 26$396K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$60K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$300
SavingsLn 2$507K
Cash and savings togetherLn 1–2$507K
Accounts receivableLn 4$331K
Inventories for sale or useLn 8$26K
Prepaid expenses and deferred chargesLn 9$13K
Land, buildings, equipmentLn 10c$4.8M
InvestmentsLn 11–13$1.1M
Total assetsLn 16$6.8M
LiabilitiesLn 26$396K
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 58
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$481K$507K
InvestmentsLn 11–13$1.0M$1.1M
Land, buildings, equipmentLn 10c$5.0M$4.8M
Total assetsLn 16$6.9M$6.8M
LiabilitiesLn 26$411K$396K
Net assetsLn 32$6.5M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$4K$4K
Other salaries and wagesLn 7$369K$369K
Pension plan contributionsLn 8$16K$16K
Other employee benefitsLn 9$72K$72K
Payroll taxesLn 10$29K$28K$299
Legal feesLn 11b$400$400
Accounting feesLn 11c$14K$14K
Investment management feesLn 11f$15K$15K
Office expensesLn 13$56K$56K
TravelLn 17$44K$40K$4K
Conferences, conventions and meetingsLn 19$6K$6K
Depreciation, depletion and amortizationLn 22$320K$320K
InsuranceLn 23$48K$48K
Other expenses (24a–d)Ln 24$1.6M$1.6M
Total functional expensesLn 25$2.6M$2.6M$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 4, 2025 $2.4M$2.6M−$186K$6.4M 990 PDF
FY2023Filed with the IRS Aug 19, 2024 $2.4M$2.5M−$99K$6.5M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $2.4M$2.5M−$152K$6.6M 990 PDF
FY2021Filed with the IRS Aug 5, 2022 $2.3M$2.3M$17K$6.9M 990 PDF
FY2020Filed with the IRS Jul 21, 2021 $2.2M$2.3M−$153K$6.8M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $2,416,302 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,320$3,080
I-9 Program service revenuePrior year $2,303,568$2,353,031
I-10 Investment incomePrior year $59,765$60,191
I-11 Other revenue$0
I-12 Total revenuePrior year $2,365,653$2,416,302
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $487,483$489,011
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,976,899$2,113,014
I-18 Total expensesPrior year $2,464,382$2,602,025
I-19 Revenue less expensesPrior year −$98,729−$185,723
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $2,416,302 across 6 lines filed
VIII-1b Membership dues$3,080
VIII-1h Total contributions, gifts and grants$3,080
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,353,031$2,353,031
VIII-3 Investment incomeRelated to mission $60,191$60,191
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,413,222 · Unrelated business $0 · Excluded from tax $0$2,416,302
Part IX · Statement of functional expenses $2,602,025 across 14 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $3,600$3,600
IX-7 Other salaries and wagesPrograms $368,681$368,681
IX-8 Pension plan contributionsPrograms $16,168$16,168
IX-9 Other employee benefitsPrograms $71,886$71,886
IX-10 Payroll taxesPrograms $28,377 · Management $299$28,676
IX-11b Legal feesManagement $400$400
IX-11c Accounting feesManagement $13,646$13,646
IX-11f Investment management feesManagement $14,560$14,560
IX-13 Office expensesPrograms $56,264$56,264
IX-17 TravelPrograms $39,596 · Management $4,050$43,646
IX-19 Conferences, conventions and meetingsManagement $5,728$5,728
IX-22 Depreciation, depletion and amortizationPrograms $319,644$319,644
IX-23 InsurancePrograms $48,328$48,328
IX-24 Other expenses (24a–d)Programs $1,610,798$1,610,798
IX-25 Total functional expensesPrograms $2,559,742 · Management $42,283 · Fundraising $0$2,602,025
Part X · Balance sheet $6,758,232 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $300$300
X-2 Savings and temporary cash investmentsStart of year $481,080$506,887
X-4 Accounts receivableStart of year $349,077$330,548
X-8 Inventories for sale or useStart of year $37,132$25,972
X-9 Prepaid expenses and deferred chargesStart of year $12,259$12,824
X-10c Land, buildings and equipment, netStart of year $5,036,371$4,797,950
X-11 Publicly traded securitiesStart of year $1,030,351$1,083,751
X-16 Total assetsStart of year $6,946,570$6,758,232
X-17 Accounts payable and accrued expensesStart of year $41,600$15,523
X-25 Other liabilitiesStart of year $369,882$380,589
X-26 Total liabilitiesStart of year $411,482$396,112
X-27 Net assets without donor restrictionsStart of year $6,535,088$6,362,120
X-32 Total net assets or fund balancesStart of year $6,535,088$6,362,120
X-33 Total liabilities and net assetsStart of year $6,946,570$6,758,232
Part XI · Reconciliation of net assets $6,362,120 net assets at year end
XI-1 Total revenue$2,416,302
XI-2 Total expenses$2,602,025
XI-3 Revenue less expenses−$185,723
XI-4 Net assets at start of year$6,535,088
XI-5 Net unrealized gains (losses) on investments$12,755
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,362,120

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

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