Provo River Water Users Assoc FY2021 filing

Not tax-deductible

Pleasant Grv, UTMutual-benefit / member-servingSince 1935Mutual / membership EIN 87-0217610Revenue $5.1M in FY2021Latest return filed Apr 20, 2026

On file with the IRSprwua.org285 W 1100 N, 84062-1629 · Pleasant Grv, UTTax-exempt since May 1992

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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.

$400K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · 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
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$400K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $27.3M in investments, Pt X · Ln 11–13
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28.6M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 11 voting members
Looks good: 7 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
+7% vs prior year
Spent
$7.8M
To programs
0%
Net assets
$221.5M
By yearFY2020–FY2025
Revenue
$5.1M
FY2021▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.7M
FY2021$5.1M
FY2022$5.5M
FY2023$7.0M
FY2024$7.7M
FY2025$8.4M
Expenses
$7.8M
FY2021▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.1M
FY2021$7.8M
FY2022$7.7M
FY2023$8.0M
FY2024$8.1M
FY2025$8.5M
Net assets
$221.5M
FY2021▼ -0.7%
Tap a bar for its year
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 FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 May 1992.

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

Who runs it and what they're paid

14 people listed on the 990; $400K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Mana
$142,617Pt VII · Sec A
Operations/M
$120,143Pt VII · Sec A
Operations a
$117,355Pt VII · Sec A
President
$4,992Pt VII · Sec A
$4,800Pt VII · Sec A
$4,800Pt VII · Sec A
Director
$4,800Pt 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.

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$70K
Gifts and grantsLn 1h$4K
Money outPt IX
$7.8M
Ln 25
Owns and owesPt X
$221.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$250.1M
LiabilitiesLn 26$28.6M
PeoplePt VI, VII
14
listed · VII A
PaidVII A7
Voting boardVI 1a11
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Government grantsLn 1e$4K
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$70K
Gains on assetsLn 7−$213K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1−$21K
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$27.3M
Land, buildings, equipmentLn 10c$218.8M
Other assetsLn 15$229K
Total assetsLn 16$250.1M
LiabilitiesLn 26$28.6M
Net assetsLn 32$221.5M
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 FY21End FY21
Cash and savingsLn 1–2$2.0M$2.1M
InvestmentsLn 11–13$30.4M$27.3M
Land, buildings, equipmentLn 10c$219.9M$218.8M
Total assetsLn 16$253.8M$250.1M
LiabilitiesLn 26$30.8M$28.6M
Net assetsLn 32$223.0M$221.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$162K
Other salaries and wagesLn 7$753K
Pension plan contributionsLn 8$169K
Other employee benefitsLn 9$164K
Payroll taxesLn 10$59K
Legal feesLn 11b$133K
Accounting feesLn 11c$58K
Other fees for servicesLn 11g$509K
Office expensesLn 13$49K
Information technologyLn 14$19K
OccupancyLn 16$160K
TravelLn 17$18K
Conferences, conventions and meetingsLn 19$15K
InterestLn 20$576K
Depreciation, depletion and amortizationLn 22$4.5M
InsuranceLn 23$311K
Other expenses (24a–d)Ln 24$121K
Total functional expensesLn 25$7.8M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 20, 2026 $8.4M$8.5M−$90K$233.3M 990 PDF
FY2024Filed with the IRS Jul 8, 2025 $7.7M$8.1M−$318K$230.0M 990 PDF
FY2023Filed with the IRS Aug 5, 2024 $7.0M$8.0M−$959K$225.2M 990 PDF
FY2022Filed with the IRS Apr 19, 2023 $5.5M$7.7M−$2.2M$221.1M 990 PDF
FY2021 ViewingFiled with the IRS Jun 7, 2022 $5.1M$7.8M−$2.7M$221.5M 990 PDF
FY2020Filed with the IRS Feb 16, 2022 $4.7M$10.1M−$5.4M$223.0M 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 FY2021 990 (6 parts)
Part I · Summary $5,096,994 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $226,000$4,310
I-9 Program service revenuePrior year $4,697,316$5,184,283
I-10 Investment incomePrior year −$184,046−$142,871
I-11 Other revenuePrior year $5,350$51,272
I-12 Total revenuePrior year $4,744,620$5,096,994
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,359,390$1,306,468
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $8,789,439$6,514,842
I-18 Total expensesPrior year $10,148,829$7,821,310
I-19 Revenue less expensesPrior year −$5,404,209−$2,724,316
Part VI · Governance 7 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,096,994 across 7 lines filed
VIII-1e Government grants$4,310
VIII-1h Total contributions, gifts and grants$4,310
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $5,184,283$5,184,283
VIII-3 Investment incomeRelated to mission $70,198$70,198
VIII-7 Net gain or loss on sales of assetsRelated to mission −$213,069−$213,069
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $51,272$51,272
VIII-12 Total revenueRelated to mission −$91,599 · Excluded from tax $5,184,283$5,096,994
Part IX · Statement of functional expenses $7,821,310 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$162,009
IX-7 Other salaries and wages$752,553
IX-8 Pension plan contributions$168,916
IX-9 Other employee benefits$164,347
IX-10 Payroll taxes$58,643
IX-11b Legal fees$133,041
IX-11c Accounting fees$58,086
IX-11g Other fees for services$509,185
IX-13 Office expenses$49,077
IX-14 Information technology$19,395
IX-16 Occupancy$159,822
IX-17 Travel$17,580
IX-19 Conferences, conventions and meetings$15,092
IX-20 Interest$575,951
IX-22 Depreciation, depletion and amortization$4,545,015
IX-23 Insurance$311,327
IX-24 Other expenses (24a–d)$121,271
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$7,821,310
Part X · Balance sheet $250,097,041 assets, 13 lines filed
Asset lines not itemized here account for $82,453; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,693−$21,218
X-2 Savings and temporary cash investmentsStart of year $2,042,514$2,081,344
X-4 Accounts receivableStart of year $1,024,327$1,613,776
X-9 Prepaid expenses and deferred chargesStart of year $32,799$51,622
X-10c Land, buildings and equipment, netStart of year $219,945,903$218,802,576
X-11 Publicly traded securitiesStart of year $6,328,054$3,186,722
X-12 Other securitiesStart of year $24,070,460$24,070,460
X-15 Other assetsStart of year $247,780$229,306
X-16 Total assetsStart of year $253,829,234$250,097,041
X-17 Accounts payable and accrued expensesStart of year $1,011,380$912,203
X-26 Total liabilitiesStart of year $30,808,372$28,559,459
X-32 Total net assets or fund balancesStart of year $223,020,862$221,537,582
X-33 Total liabilities and net assetsStart of year $253,829,234$250,097,041
Part XI · Reconciliation of net assets $221,537,582 net assets at year end
XI-1 Total revenue$5,096,994
XI-2 Total expenses$7,821,310
XI-3 Revenue less expenses−$2,724,316
XI-4 Net assets at start of year$223,020,862
XI-5 Net unrealized gains (losses) on investments−$29,385
XI-9 Other changes in net assets$1,270,421
XI-10 Net assets at end of year$221,537,582

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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