Bowlegs-Lima Water District INC FY2020 filing

Not tax-deductible

Bowlegs, OKMutual-benefit / member-servingMutual / membership EIN 73-0802479Revenue $492K in FY2020

On file with the IRSPo Box 5, 74830-0005 · Bowlegs, OKTax-exempt since Mar 1972

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Provide potable water to users

85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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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
6 of 6
filings with a surplus
Average surplus $196K a year · 28% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
25 mo
of spending, in cash
Looks good: 25.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$12K
0.6% of total assets
Looks good: liabilities are 1% 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
$492K
Spent
$385K
To programs
85%
Net assets
$1.8M
By yearFY2020–FY2025
Revenue
$492K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$492K
FY2021$536K
FY2022$1.0M
FY2023$764K
FY2024$680K
FY2025$682K
Expenses
$385K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$385K
FY2021$382K
FY2022$500K
FY2023$537K
FY2024$571K
FY2025$630K
Net assets
$1.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$2.5M
FY2023$2.8M
FY2024$2.9M
FY2025$2.9M

From the FY2020 Form 990 (year ending October 2020) · 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 Mar 1972.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $327K Management & general 15% · $58K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
General Manager
$0Pt VII · Sec A
See Bowlegs-Lima Water District 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

Bowlegs-Lima Water District INC is a member-serving organization based in Bowlegs, OK.

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1 program · in their own filed words · FY2019
01

Provide potable water to users

Pt IX · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$492K
Ln 12
Fees for servicesLn 2g$429K
Other incomeLn 4–11$52K
Investment incomeLn 3$12K
Money outPt IX
$385K
Ln 25
Programscol B$327K
Managementcol C$58K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$814K
Total assetsLn 16$1.9M
LiabilitiesLn 26$12K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$429K
Investment incomeLn 3$12K
Other incomeLn 4–11$52K
Gains on assetsLn 7$0
Total revenueLn 12$492K
Assets in detailPt X, end of year
CashLn 1$216K
SavingsLn 2$597K
Cash and savings togetherLn 1–2$814K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$984K
Other assetsLn 15$0
Total assetsLn 16$1.9M
LiabilitiesLn 26$12K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$671K$814K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.0M$984K
Total assetsLn 16$1.8M$1.9M
LiabilitiesLn 26$11K$12K
Net assetsLn 32$1.7M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$143K$143K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$23K$20K$3K
Advertising and promotionLn 12$0
Office expensesLn 13$13K$13K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$40K$40K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$58K$58K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$77K$41K$36K
All other expensesLn 24e$19K$14K$5K
Total functional expensesLn 25$385K$327K$58K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $682K$630K$52K$2.9M 990 PDF
FY2024 $680K$571K$109K$2.9M 990 PDF
FY2023 $764K$537K$227K$2.8M 990 PDF
FY2022 $1.0M$500K$530K$2.5M 990 PDF
FY2021 $536K$382K$154K$2.0M 990 PDF
FY2020 Viewing $492K$385K$108K$1.8M 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 $492,339 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $394,521$429,073
I-10 Investment incomePrior year $15,484$11,524
I-11 Other revenuePrior year $29,941$51,742
I-12 Total revenuePrior year $439,946$492,339
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $152,474$142,613
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $316,946$242,078
I-18 Total expensesPrior year $469,420$384,691
I-19 Revenue less expensesPrior year −$29,474$107,648
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $492,339 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $429,073$429,073
VIII-3 Investment incomeRelated to mission $11,524$11,524
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $51,742$51,742
VIII-12 Total revenueRelated to mission $63,266 · Excluded from tax $429,073$492,339
Part IX · Statement of functional expenses $384,691 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $142,613$142,613
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $19,594 · Management $3,000$22,594
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $12,667$12,667
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $40,271$40,271
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $57,693$57,693
IX-23 InsuranceManagement $13,629$13,629
IX-24 Other expenses (24a–d)Programs $40,553 · Management $36,068$76,621
IX-24e All other expensesPrograms $13,706 · Management $4,897$18,603
IX-25 Total functional expensesPrograms $327,097 · Management $57,594 · Fundraising $0$384,691
Part X · Balance sheet $1,860,298 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $84,126$216,469
X-2 Savings and temporary cash investmentsStart of year $586,440$597,323
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $38,424$42,041
X-8 Inventories for sale or useStart of year $17,675$20,612
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $1,025,608$983,853
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $4$0
X-16 Total assetsStart of year $1,752,277$1,860,298
X-17 Accounts payable and accrued expensesStart of year $11,229$11,600
X-25 Other liabilities$2
X-26 Total liabilitiesStart of year $11,229$11,602
X-27 Net assets without donor restrictionsStart of year $1,741,048$1,848,696
X-32 Total net assets or fund balancesStart of year $1,741,048$1,848,696
X-33 Total liabilities and net assetsStart of year $1,752,277$1,860,298
Part XI · Reconciliation of net assets $1,848,696 net assets at year end
XI-1 Total revenue$492,339
XI-2 Total expenses$384,691
XI-3 Revenue less expenses$107,648
XI-4 Net assets at start of year$1,741,048
XI-10 Net assets at end of year$1,848,696

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

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