Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: WATER SALES

  total $31,710,704 · related or exempt $31,710,704

• 2b · Program service revenue: TAP FEES

  total $10,202,281 · related or exempt $10,202,281

• 2c · Program service revenue: OTHER

  total $185,198 · related or exempt $185,198

• 2d · Program service revenue: LATE PAYMENT PENALTIES

  total $162,322 · related or exempt $162,322

• 2e · Program service revenue: BACKFLOW TESTER FEES

  total $41,125 · related or exempt $41,125

• 2f · All other program service revenue

  total $11,490 · related or exempt $11,490

• 3 · Investment income

  total $741,260 · excluded $741,260

• 6a · Gross rents

  real property $116,731

• 6c · Rental income or loss

  real property $116,731

• 6d · Net rental income or loss

  total $116,731 · excluded $116,731

• 7a · Gross sales of assets other than inventory

  securities $78,565

• 7c · Gain or loss

  securities $78,565

• 7d · Net gain or loss

  total $78,565 · excluded $78,565

• 11a · Other revenue: DEVELOPER INFRASTRUCTURE

  total $3,933,409 · related or exempt $3,933,409

• 11b · Other revenue: PENSION CHANGE

  total $545,318 · related or exempt $545,318

• 11c · Other revenue: ENGINEER PLAN INSPECTION

  total $370,974 · related or exempt $370,974

• 11d · All other revenue

  total $78,938 · related or exempt $78,938

• 11e · Other revenue, total

  $4,928,639

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $756,921

• 2 · Grants to domestic individuals

  total $1,000

• 5 · Compensation of officers, directors and key employees

  total $878,457

• 7 · Other salaries and wages

  total $8,273,467

• 8 · Pension plan contributions

  total $1,632,024

• 9 · Other employee benefits

  total $1,454,778

• 10 · Payroll taxes

  total $757,780

• 11b · Fees: legal

  total $81,101

• 11c · Fees: accounting

  total $47,318

• 11g · Fees: other

  total $941,269

• 13 · Office expenses

  total $452,958

• 14 · Information technology

  total $683,129

• 16 · Occupancy

  total $190,048

• 17 · Travel

  total $283,052

• 20 · Interest

  total $408,514

• 22 · Depreciation, depletion and amortization

  total $12,432,773

• 23 · Insurance

  total $412,422

• 24a · Other expenses: CHEMICALS

  total $2,149,423

• 24b · Other expenses: MAINTENANCE & REPAIRS

  total $1,651,717

• 24c · Other expenses: UTILITIES

  total $1,425,278

• 24d · Other expenses: MATERIALS & SUPPLIES

  total $888,404

• 24e · All other expenses

  total $2,363,525

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $25,373,747 · end of year $8,103,278

• 2 · Savings and temporary cash investments

  beginning of year $116,520 · end of year $83,186

• 4 · Accounts receivable

  beginning of year $3,063,549 · end of year $3,001,115

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,442,225 · end of year $778,275

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

  $484,970,653

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

  $202,871,720

• 10c · Land, buildings and equipment, net

  beginning of year $268,133,069 · end of year $282,098,933

• 11 · Investments: publicly traded securities

  beginning of year $19,189,547 · end of year $25,285,031

• 12 · Investments: other securities

  beginning of year $1,435,149 · end of year $10,970,134

• 15 · Other assets

  end of year $289,112

• 17 · Accounts payable and accrued expenses

  beginning of year $5,775,483 · end of year $12,113,612

• 19 · Deferred revenue

  end of year $1,229,657

• 23 · Secured mortgages and notes payable

  beginning of year $17,878,899 · end of year $17,516,512

• 25 · Other liabilities

  beginning of year $7,236,443 · end of year $1,663,948

• 27 · Net assets without donor restrictions

  beginning of year $287,162,045 · end of year $297,384,399

• 28 · Net assets with donor restrictions

  beginning of year $700,936 · end of year $700,936

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A

SPOUSES OF BOARD MEMBERS MAY ATTEND THE ANNUAL NATIONAL RURAL WATER ASSOCIATION MEETING.