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Nonprofiteer
← MID-DAKOTA RURAL WATER SYSTEM INC

Form 990 for tax year 2023

Filed by MID-DAKOTA RURAL WATER SYSTEM INC.

Totals

Total revenue
$13,614,574
Total expenses
$12,002,113
Contributions and grants received
$1,554,469
Grants paid
$0
Program service revenue
$10,268,629
Investment income
$219,263
Other revenue
$1,572,213
Total assets, end of year
$128,469,107
Total liabilities, end of year
$54,194,612
Net assets or fund balances, end of year
$74,274,495
Program services expenses (Part IX)
$10,366,254
Management and general expenses
$1,635,859
Fundraising expenses
$0
Program service expenses (Part III)
$10,366,254

Program services were 86.4% 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)

    $1,554,469

  • 2a · Program service revenue: WATER USAGE FEES

    total $10,268,629 · related or exempt $10,268,629

  • 3 · Investment income

    total $219,212 · related or exempt $219,212

  • 7a · Gross sales of assets other than inventory

    other assets $51

  • 7c · Gain or loss

    other assets $51

  • 7d · Net gain or loss

    total $51 · related or exempt $51

  • 11a · Other revenue: GAIN/LOSS ON INVESTMENTS

    total $746,588 · related or exempt $746,588

  • 11b · Other revenue: CONSTRUCTION ASSISTANCE

    total $313,734 · related or exempt $313,734

  • 11c · Other revenue: HOOKUPS

    total $285,550 · related or exempt $285,550

  • 11d · All other revenue

    total $226,341 · related or exempt $226,341

  • 11e · Other revenue, total

    $1,572,213

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,934,862 · program services $1,563,635 · management and general $371,227

  • 8 · Pension plan contributions

    total $179,232 · program services $143,800 · management and general $35,432

  • 9 · Other employee benefits

    total $314,330 · program services $234,195 · management and general $80,135

  • 10 · Payroll taxes

    total $150,161 · program services $122,146 · management and general $28,015

  • 11b · Fees: legal

    total $31,789 · management and general $31,789

  • 11c · Fees: accounting

    total $26,213 · management and general $26,213

  • 17 · Travel

    total $31,330 · program services $12,402 · management and general $18,928

  • 19 · Conferences, conventions and meetings

    total $7,738 · management and general $7,738

  • 20 · Interest

    total $1,212,528 · program services $1,212,528

  • 22 · Depreciation, depletion and amortization

    total $4,971,595 · program services $4,653,654 · management and general $317,941

  • 23 · Insurance

    total $121,459 · program services $108,534 · management and general $12,925

  • 24a · Other expenses: PURCHASED POWER

    total $1,120,054 · program services $1,083,758 · management and general $36,296

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $602,342 · program services $550,556 · management and general $51,786

  • 24c · Other expenses: CHEMICALS

    total $232,687 · program services $232,687

  • 24d · Other expenses: ENGINEERING

    total $186,460 · program services $33,874 · management and general $152,586

  • 24e · All other expenses

    total $879,333 · program services $414,485 · management and general $464,848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,590,799 · end of year $1,487,229

  • 2 · Savings and temporary cash investments

    beginning of year $5,600,318 · end of year $8,255,871

  • 4 · Accounts receivable

    beginning of year $1,078,935 · end of year $992,005

  • 8 · Inventories for sale or use

    beginning of year $1,216,504 · end of year $1,268,302

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,309 · end of year $75,930

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

    $191,603,301

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

    $77,178,364

  • 10c · Land, buildings and equipment, net

    beginning of year $118,306,583 · end of year $114,424,937

  • 15 · Other assets

    beginning of year $640,249 · end of year $1,964,833

  • 17 · Accounts payable and accrued expenses

    beginning of year $804,314 · end of year $799,352

  • 23 · Secured mortgages and notes payable

    beginning of year $55,033,349 · end of year $53,395,260

  • 27 · Net assets without donor restrictions

    beginning of year $72,662,034 · end of year $74,274,495

Mission and programs · 2023

Mission

RURAL WATER SYSTEM TO PROVIDE WATER TO VARIOUS COMMUNITIES AND INDIVIDUALS

  • TO CONSTRUCT AND OPERATE A RURAL WATER SYSTEM FOR THE COMMUNITIES AND INDIVIDUALS IN THE AREA

    Expenses $10,366,254 · Revenue $10,268,629

  • TO CONSTRUCT AND OPERATE A RURAL WATER SYSTEM FOR THE COMMUNITIES AND INDIVIDUALS IN THE AREA

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff McGirr

    CHAIRMAN

    Total calculated
    $8,950
    From this org
    $8,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Dwight Gutzmer

    VICE-CHAIRMA

    Total calculated
    $5,050
    From this org
    $5,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Rick Benson

    SECREARY/TRE

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jim McGillvrey

    DIRECTOR

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Steve Robbenolt

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Darrell Raschke

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Lennis Fagerhaug

    DIRECTOR

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Leslie Brown

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Chuck Steptoe

    DIRECTOR

    Total calculated
    $2,750
    From this org
    $2,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

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
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202441369349304349

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