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Nonprofiteer
← HIGHLAND COUNTY WATER COMPANY INC

Form 990 for tax year 2022

Filed by HIGHLAND COUNTY WATER COMPANY INC.

Totals

Total revenue
$2,476,962
Total expenses
$1,888,413
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$29,370
Other revenue
$2,447,592
Total assets, end of year
$33,891,618
Total liabilities, end of year
$6,743,181
Net assets or fund balances, end of year
$27,148,437
Program services expenses (Part IX)
$0
Management and general expenses
$1,888,413
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $29,370 · related or exempt $29,370

  • 10a · Gross sales of inventory

    $6,415,055

  • 10b · Cost of goods sold

    $4,245,156

  • 10c · Net income from sales of inventory

    total $2,169,899 · related or exempt $2,169,899

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $277,693 · related or exempt $277,693

  • 11e · Other revenue, total

    $277,693

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $134,628 · management and general $134,628

  • 7 · Other salaries and wages

    total $323,798 · management and general $323,798

  • 9 · Other employee benefits

    total $354,321 · management and general $354,321

  • 13 · Office expenses

    total $120,491 · management and general $120,491

  • 16 · Occupancy

    total $70,062 · management and general $70,062

  • 20 · Interest

    total $193,633 · management and general $193,633

  • 22 · Depreciation, depletion and amortization

    total $83,079 · management and general $83,079

  • 23 · Insurance

    total $27,454 · management and general $27,454

  • 24a · Other expenses: CHANGE IN MKT VALUE INV.

    total $148,109 · management and general $148,109

  • 24b · Other expenses: OTHER EXPENSES

    total $115,861 · management and general $115,861

  • 24c · Other expenses: LICENSE FEES/OUTSIDE SERV

    total $81,734 · management and general $81,734

  • 24d · Other expenses: DEMOLITION COST OF ASSETS

    total $73,895 · management and general $73,895

  • 24e · All other expenses

    total $161,348 · management and general $161,348

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,789,085 · end of year $2,955,119

  • 2 · Savings and temporary cash investments

    beginning of year $536,925 · end of year $1,267,331

  • 4 · Accounts receivable

    beginning of year $847,651 · end of year $1,130,219

  • 8 · Inventories for sale or use

    beginning of year $523,721 · end of year $475,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $177,864 · end of year $189,072

  • 10a · Land, buildings and equipment: cost or other basis

    $50,749,409

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,870,132

  • 10c · Land, buildings and equipment, net

    beginning of year $25,639,334 · end of year $25,879,277

  • 11 · Investments: publicly traded securities

    beginning of year $2,570,419 · end of year $1,694,765

  • 15 · Other assets

    beginning of year $223,457 · end of year $300,085

  • 17 · Accounts payable and accrued expenses

    beginning of year $630,358 · end of year $799,034

  • 23 · Secured mortgages and notes payable

    beginning of year $5,795,410 · end of year $5,599,182

  • 25 · Other liabilities

    beginning of year $322,800 · end of year $344,965

  • 27 · Net assets without donor restrictions

    beginning of year $26,559,888 · end of year $27,148,437

Mission and programs · 2022

Mission

TO SERVE THE PUBLIC WITH HIGH QUALITY WATER AND TO PROVIDE A PROFICIENT LEVEL OF SERVICE.

Activities or mission (Part I)

TO TREAT AND DELIVER POTABLE WATER TO MEMBERS OF THE ORGANIZATION.

  • TO DELIVER PORTABLE WATER TO MEMBERS OF THE ORGANIZATION.

As filed on the 2022 return.

Listed in Part VII

  • Gary D Cutler

    GENERAL MANA

    Total calculated
    $109,353
    From this org
    $109,353
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Steve McComas

    VICE PRESIDE

    Total calculated
    $4,825
    From this org
    $4,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Roger Pence

    PRESIDENT

    Total calculated
    $4,700
    From this org
    $4,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Phillip Burchett

    SECRETARY/TR

    Total calculated
    $3,700
    From this org
    $3,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jeff Patton

    DIRECTOR

    Total calculated
    $3,450
    From this org
    $3,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Greg Jones

    DIRECTOR

    Total calculated
    $3,075
    From this org
    $3,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Thomas Snyder

    DIRECTOR

    Total calculated
    $3,075
    From this org
    $3,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Larry Nartker

    DIRECTOR

    Total calculated
    $2,450
    From this org
    $2,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 May 2023
IRS schema version
2022v5.0
Source object
202311309349303761

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