Madison County Ground Water District FY2024 filing

Rexburg, IDUnknown exempt organizationEIN 82-0528131Revenue $210K in FY2024

On file with the IRSPo Box 457 · Rexburg, ID

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To provide legal protection and water mitigation support for its underground water irrigation members locateed in the eastern part of Madison County by purchasing water for mitigation and water recharge rights contained in the current agreement between the district and the Idaho Department of Water resources.

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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 $20K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
26 mo
of spending, in cash
Looks good: 25.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$210K
+14% vs prior year
Spent
$233K
To programs
87%
Net assets
$700K
By yearFY2020–FY2025
Revenue
$210K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$175K
FY2021$179K
FY2022$171K
FY2023$185K
FY2024$210K
FY2025$260K
Expenses
$233K
FY2024▲ +45%
Tap a bar for its year
Expenses by fiscal year
FY2020$193K
FY2021$117K
FY2022$119K
FY2023$161K
FY2024$233K
FY2025$237K
Net assets
$700K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$586K
FY2021$647K
FY2022$699K
FY2023$723K
FY2024$700K
FY2025$723K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $203K Management & general 10% · $24K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Madison County Ground Water District 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Secures water rights and mitigation support for eastern Madison County irrigation members.

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Provided by the organization

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1 program · $233K · in their own filed words · FY2024
01

The District collects assessments from members on a per irrigated acre basis and participates with the Idaho Ground Water Association, and Fremont Madison Water District to protect members water rights.

$233Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$210K
Ln 12
Fees for servicesLn 2g$171K
Investment incomeLn 3$39K
Money outPt IX
$233K
Ln 25
Programscol B$203K
Managementcol C$24K
Owns and owesPt X
$700K
net assets · Ln 32
Cash and savingsLn 1–2$500K
Total assetsLn 16$700K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$171K
Investment incomeLn 3$39K
Gains on assetsLn 7$0
Total revenueLn 12$210K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$424K
Cash and savings togetherLn 1–2$500K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$200K
Other assetsLn 15$0
Total assetsLn 16$700K
LiabilitiesLn 26$0
Net assetsLn 32$700K
OperationsPt I, VI
EmployeesI 50
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$517K$500K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$206K$200K
Total assetsLn 16$723K$700K
LiabilitiesLn 26$0$0
Net assetsLn 32$723K$700K
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$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$750$750
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$68$68
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$239$239
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$6K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$203K$203K$241
All other expensesLn 24e$0
Total functional expensesLn 25$233K$203K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $260K$237K$23K$723K 990 PDF
FY2024 Viewing $210K$233K−$23K$700K 990 PDF
FY2023 $185K$161K$24K$723K 990 PDF
FY2022 $171K$119K$52K$699K 990 PDF
FY2021 $179K$117K$62K$647K 990 PDF
FY2020 $175K$193K−$18K$586K 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 $210,410 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $177,070$171,060
I-10 Investment incomePrior year $8,275$39,350
I-11 Other revenue$0
I-12 Total revenuePrior year $185,345$210,410
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $161,340$233,334
I-18 Total expensesPrior year $161,340$233,334
I-19 Revenue less expensesPrior year $24,005−$22,924
Part VI · Governance 6 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $210,410 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171,060$171,060
VIII-3 Investment incomeRelated to mission $39,350$39,350
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-12 Total revenueRelated to mission $210,410$210,410
Part IX · Statement of functional expenses $233,334 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 wages$0
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 feesManagement $23,085$23,085
IX-11c Accounting feesManagement $750$750
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $68$68
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $239$239
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 amortization$6,242
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $202,709 · Management $241$202,950
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $202,709 · Management $24,383 · Fundraising $0$233,334
Part X · Balance sheet $700,331 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $42,022$75,989
X-2 Savings and temporary cash investmentsStart of year $475,000$424,351
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $206,233$199,991
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 assets$0
X-16 Total assetsStart of year $723,255$700,331
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $723,255$700,331
X-32 Total net assets or fund balancesStart of year $723,255$700,331
X-33 Total liabilities and net assetsStart of year $723,255$700,331
Part XI · Reconciliation of net assets $700,331 net assets at year end
XI-1 Total revenue$210,410
XI-2 Total expenses$233,334
XI-3 Revenue less expenses−$22,924
XI-4 Net assets at start of year$723,255
XI-10 Net assets at end of year$700,331

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

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