Form 990 for tax year 2023
Filed by LEWIS AND CLARK RURAL WATER SYSTEM INC.
Totals
- Total revenue
- $49,167,083
- Total expenses
- $23,986,384
- Contributions and grants received
- $34,047,721
- Grants paid
- $0
- Program service revenue
- $13,020,519
- Investment income
- $2,098,843
- Other revenue
- $0
- Total assets, end of year
- $595,798,323
- Total liabilities, end of year
- $104,855,746
- Net assets or fund balances, end of year
- $490,942,577
- Program services expenses (Part IX)
- $7,363,531
- Management and general expenses
- $16,622,853
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,363,531
Program services were 30.7% 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.
-
1e · Government grants (contributions)
$34,047,721
-
2a · Program service revenue: WATER SALES
total $12,750,882 · related or exempt $12,750,882
-
2b · Program service revenue: LOCAL CAPACITY FEES
total $135,936 · related or exempt $135,936
-
2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE
total $133,701 · related or exempt $133,701
-
3 · Investment income
total $2,098,843 · excluded $2,098,843
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $202,284 · management and general $202,284
-
7 · Other salaries and wages
total $2,273,075 · program services $1,717,899 · management and general $555,176
-
8 · Pension plan contributions
total $73,276 · program services $50,854 · management and general $22,422
-
9 · Other employee benefits
total $213,145 · program services $147,923 · management and general $65,222
-
10 · Payroll taxes
total $94,559 · program services $65,624 · management and general $28,935
-
11a · Fees: management
total $320,259 · management and general $320,259
-
11b · Fees: legal
total $50,662 · management and general $50,662
-
11c · Fees: accounting
total $24,604 · management and general $24,604
-
11d · Fees: lobbying
total $140,120 · management and general $140,120
-
22 · Depreciation, depletion and amortization
total $15,067,822 · management and general $15,067,822
-
23 · Insurance
total $145,347 · management and general $145,347
-
24a · Other expenses: CHEMICALS
total $2,202,485 · program services $2,202,485
-
24b · Other expenses: UTILITIES
total $1,991,345 · program services $1,991,345
-
24c · Other expenses: MAINTENANCE & REPAIR
total $1,187,401 · program services $1,187,401
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,991,577 · end of year $3,488,570
-
4 · Accounts receivable
beginning of year $1,882,372 · end of year $3,195,871
-
8 · Inventories for sale or use
beginning of year $616,084 · end of year $723,343
-
9 · Prepaid expenses and deferred charges
beginning of year $49,733 · end of year $62,263
-
10a · Land, buildings and equipment: cost or other basis
$577,510,487
-
10b · Land, buildings and equipment: accumulated depreciation
$153,690,743
-
10c · Land, buildings and equipment, net
beginning of year $377,410,122 · end of year $423,819,744
-
11 · Investments: publicly traded securities
beginning of year $63,203,417 · end of year $39,904,481
-
15 · Other assets
beginning of year $100,344,517 · end of year $124,604,051
-
17 · Accounts payable and accrued expenses
beginning of year $1,038,174 · end of year $2,105,272
-
19 · Deferred revenue
beginning of year $76,854,052 · end of year $95,059,040
-
25 · Other liabilities
beginning of year $8,702,722 · end of year $7,691,434
-
27 · Net assets without donor restrictions
beginning of year $460,902,874 · end of year $490,942,577
Mission and programs · 2023
Mission
TO DEVELOP AND OPERATE A HIGH QUALITY THREE STATE WATER SUPPLY SYSTEM TO SERVE THE GROWING NEEDS OF THE REGION.
Activities or mission (Part I)
TO DEVELOPE AND OPERATE A HIGH QUALITY THREE STATE WATER SUPPLY SYSTEM TO SERVE THE GROWING NEEDS OF THE REGION
-
TO IMPROVE WATER SUPPLIES TO RESIDENTS OF SE SOUTH DAKOTA AND THE ADJACENT AREAS OF SW MINNESOTA AND NW IOWA INCLUDING CONSTRUCTION OF THE WATER SYSTEM.
Expenses $7,363,531 · Revenue $13,020,519
As filed on the 2023 return.
Listed in Part VII
-
Troy LarsonTROY LARSON
EXECUTIVE DI
- Total calculated
- $233,316
- From this org
- $202,284
- From related orgs
- $0
- Other
- $31,032
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $202,284
- Bonus
- not reported
- Other
- not reported
- Deferred
- $31,032
- Nontaxable benefits
- not reported
- Filer's total
- $233,316
-
Pat BaustianPAT BAUSTIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott BussSCOTT BUSS
AT-LARGE DIR
- Total calculated
- $0
- Hours/week
- 1
-
Robin DykstraROBIN DYKSTRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott HainSCOTT HAIN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ralph HammerRALPH HAMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan HeggRYAN HEGG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HeidebrechtJEFF HEIDEBRECHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan HoltzRYAN HOLTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Murray HulsteinMURRAY HULSTEIN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Adam JansADAM JANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ryan JohnsonRYAN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heidi KramerHEIDI KRAMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerry LonnemanJERRY LONNEMAN
AT-LARGE DIR
- Total calculated
- $0
- Hours/week
- 1
-
Nolan MeyerNOLAN MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sid MunsonSID MUNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry PedleyLARRY PEDLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nate Vander PlaatsNATE VANDER PLAATS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Brad PreheimBRAD PREHEIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd UhlTODD UHL
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jen WippertJEN WIPPERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530929349300048
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