Provo River Water Users Assoc

Not tax-deductible

Pleasant Grv, UTMutual-benefit / member-servingSince 1935EIN 87-0217610

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To deliver Provo River project Water in a safe, efficient, and economical manner for the benefit of its shareholders and those they serve.

$680K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · 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
0 of 6
filings with a surplus
Average deficit $1.9M a year · 30% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$680K
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
19 mo
of spending, in cash
Looks good: 19.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$95.9M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.4M
+9% vs prior year
Spent
$8.5M
Net assets
$233.3M
By yearFY2020–FY2025
Revenue
$8.4M
FY2025▲ +9%
Revenue by fiscal year
FY2020$4.7M
FY2021$5.1M
FY2022$5.5M
FY2023$7.0M
FY2024$7.7M
FY2025$8.4M
Expenses
$8.5M
FY2025▲ +5%
Expenses by fiscal year
FY2020$10.1M
FY2021$7.8M
FY2022$7.7M
FY2023$8.0M
FY2024$8.1M
FY2025$8.5M
Net assets
$233.3M
FY2025▲ +1%
Net assets by fiscal year
FY2020$223.0M
FY2021$221.5M
FY2022$221.1M
FY2023$225.2M
FY2024$230.0M
FY2025$233.3M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1992.

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

Who runs it and what they're paid

15 people listed on the 990; $680K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$164,602Pt VII · Sec A
Operations Asst Mgr
$144,802Pt VII · Sec A
Operations/Maint Mgr
$137,979Pt VII · Sec A
Asst Project Manager
$114,163Pt VII · Sec A
Technician
$110,761Pt VII · Sec A
President
$4,160Pt VII · Sec A
$3,600Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Budge$164,602$158,490$147,014$132,833$120,143$114,851
G Keith Denos——$138,674$155,014$142,617$139,540
Brad Jorgensen$144,802$139,766————
Dave Faux$137,979$118,212————
Brad Jorgenson——$135,677$126,496$117,355—
Stephen Su'a-Filo$114,163—————
David Faux——$113,670———
Ryan Fowlke$110,761—————

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 Provo River Water Users Assoc 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 15aYes

Programs and updates

Delivers Provo River Project water safely and efficiently for shareholders and their communities.

Provided by the organization

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$8.4M
Ln 12
Fees for servicesLn 2g$7.8M
Investment incomeLn 3$584K
Other incomeLn 4–11$28K
Money outPt IX
$8.5M
Ln 25
Owns and owesPt X
$233.3M
net assets · Ln 32
Cash and savingsLn 1–2$13.5M
Total assetsLn 16$329.1M
LiabilitiesLn 26$95.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A7
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$7.8M
Investment incomeLn 3$584K
Other incomeLn 4–11$28K
Gains on assetsLn 7$6K
Total revenueLn 12$8.4M
Assets in detailPt X, end of year
CashLn 1$5K
SavingsLn 2$13.5M
Cash and savings togetherLn 1–2$13.5M
InvestmentsLn 11–13$24.7M
Land, buildings, equipmentLn 10c$288.4M
Other assetsLn 15$437K
Total assetsLn 16$329.1M
LiabilitiesLn 26$95.9M
Net assetsLn 32$233.3M
OperationsPt I, VI
EmployeesI 520
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$20.2M$13.5M
InvestmentsLn 11–13$26.0M$24.7M
Land, buildings, equipmentLn 10c$271.6M$288.4M
Total assetsLn 16$320.6M$329.1M
LiabilitiesLn 26$90.6M$95.9M
Net assetsLn 32$230.0M$233.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$170K
Other salaries and wagesLn 7$952K
Pension plan contributionsLn 8$199K
Other employee benefitsLn 9$203K
Payroll taxesLn 10$82K
Legal feesLn 11b$113K
Accounting feesLn 11c$91K
Other fees for servicesLn 11g$353K
Office expensesLn 13$58K
Information technologyLn 14$34K
OccupancyLn 16$174K
TravelLn 17$23K
Conferences, conventions and meetingsLn 19$48K
InterestLn 20$371K
Depreciation, depletion and amortizationLn 22$5.0M
InsuranceLn 23$490K
Other expenses (24a–d)Ln 24$169K
Total functional expensesLn 25$8.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $8.4M$8.5M−$90K$233.3M 990 PDF
FY2024 $7.7M$8.1M−$318K$230.0M 990 PDF
FY2023 $7.0M$8.0M−$959K$225.2M 990 PDF
FY2022 $5.5M$7.7M−$2.2M$221.1M 990 PDF
FY2021 $5.1M$7.8M−$2.7M$221.5M 990 PDF
FY2020 $4.7M$10.1M−$5.4M$223.0M 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 FY2025 990 (5 parts)
Part I · Summary $8,416,776 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $6,744,672$7,805,147
I-10 Investment incomePrior year $976,093$583,675
I-11 Other revenuePrior year $25,445$27,954
I-12 Total revenuePrior year $7,746,210$8,416,776
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,722,272$1,605,748
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,341,647$6,900,837
I-18 Total expensesPrior year $8,063,919$8,506,585
I-19 Revenue less expensesPrior year −$317,709−$89,809
Part VIII · Statement of revenue $8,416,776 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $7,805,147$7,805,147
VIII-3 Investment incomeRelated to mission $577,715$577,715
VIII-7 Net gain or loss on sales of assetsRelated to mission $5,960$5,960
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $27,954$27,954
VIII-12 Total revenueRelated to mission $611,629 · Unrelated business $0 · Excluded from tax $7,805,147$8,416,776
Part IX · Statement of functional expenses $8,506,585 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$169,662
IX-7 Other salaries and wages$951,695
IX-8 Pension plan contributions$199,352
IX-9 Other employee benefits$203,392
IX-10 Payroll taxes$81,647
IX-11b Legal fees$112,747
IX-11c Accounting fees$90,992
IX-11g Other fees for services$352,975
IX-13 Office expenses$57,921
IX-14 Information technology$33,737
IX-16 Occupancy$174,399
IX-17 Travel$22,817
IX-19 Conferences, conventions and meetings$47,851
IX-20 Interest$371,152
IX-22 Depreciation, depletion and amortization$4,976,842
IX-23 Insurance$490,023
IX-24 Other expenses (24a–d)$169,381
IX-25 Total functional expenses$8,506,585
Part X · Balance sheet $329,140,772 assets, 14 lines filed
X-1 Cash, non-interest-bearing$4,950
X-2 Savings and temporary cash investmentsStart of year $20,176,141$13,452,662
X-4 Accounts receivableStart of year $2,426,561$2,146,246
X-9 Prepaid expenses and deferred chargesStart of year $13,140$5,783
X-10c Land, buildings and equipment, netStart of year $271,563,187$288,380,844
X-11 Publicly traded securitiesStart of year $1,895,301$642,415
X-12 Other securitiesStart of year $24,070,460$24,070,460
X-15 Other assetsStart of year $412,459$437,412
X-16 Total assetsStart of year $320,557,249$329,140,772
X-17 Accounts payable and accrued expensesStart of year $5,482,993$6,261,530
X-19 Deferred revenue$2,503,080
X-26 Total liabilitiesStart of year $90,572,993$95,884,610
X-32 Total net assets or fund balancesStart of year $229,984,256$233,256,162
X-33 Total liabilities and net assetsStart of year $320,557,249$329,140,772
Part XI · Reconciliation of net assets $233,256,162 net assets at year end
XI-1 Total revenue$8,416,776
XI-2 Total expenses$8,506,585
XI-3 Revenue less expenses−$89,809
XI-4 Net assets at start of year$229,984,256
XI-5 Net unrealized gains (losses) on investments$7,191
XI-9 Other changes in net assets$3,354,524
XI-10 Net assets at end of year$233,256,162

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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