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Nonprofiteer
← BOISTFORT VALLEY WATER CORPORATION

Form 990 for tax year 2023

Filed by BOISTFORT VALLEY WATER CORPORATION.

Totals

Total revenue
$1,378,183
Total expenses
$1,169,252
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,327,712
Investment income
$50,471
Other revenue
$0
Total assets, end of year
$8,784,477
Total liabilities, end of year
$4,657,850
Net assets or fund balances, end of year
$4,126,627
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,169,252

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.

  • 2a · Program service revenue: WATER FEES

    total $1,327,712 · related or exempt $1,327,712

  • 3 · Investment income

    total $50,471 · excluded $50,471

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $98,861

  • 7 · Other salaries and wages

    total $225,712

  • 8 · Pension plan contributions

    total $34,958

  • 9 · Other employee benefits

    total $28,599

  • 10 · Payroll taxes

    total $43,508

  • 11b · Fees: legal

    total $1,768

  • 11c · Fees: accounting

    total $13,450

  • 11g · Fees: other

    total $5,820

  • 13 · Office expenses

    total $29,708

  • 20 · Interest

    total $117,781

  • 22 · Depreciation, depletion and amortization

    total $278,861

  • 23 · Insurance

    total $46,047

  • 24a · Other expenses: SYSTEM REPAIRS AND MAINT.

    total $89,369

  • 24b · Other expenses: EXCISE TAX

    total $68,819

  • 24c · Other expenses: WATER PURCHASES

    total $47,394

  • 24d · Other expenses: CHEMICALS AND TESTING

    total $23,673

  • 24e · All other expenses

    total $14,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $492,842 · end of year $894,207

  • 2 · Savings and temporary cash investments

    beginning of year $252,551 · end of year $252,887

  • 4 · Accounts receivable

    beginning of year $111,582 · end of year $115,115

  • 8 · Inventories for sale or use

    beginning of year $35,000 · end of year $35,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,754 · end of year $23,632

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

    $10,198,971

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

    $5,446,772

  • 10c · Land, buildings and equipment, net

    beginning of year $4,985,593 · end of year $4,752,199

  • 12 · Investments: other securities

    beginning of year $802,814 · end of year $1,008,233

  • 14 · Intangible assets

    beginning of year $50,273 · end of year $44,582

  • 15 · Other assets

    beginning of year $650,220 · end of year $1,658,622

  • 17 · Accounts payable and accrued expenses

    beginning of year $85,890 · end of year $558,910

  • 23 · Secured mortgages and notes payable

    beginning of year $3,717,339 · end of year $4,098,940

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,597,400 · end of year $4,126,627

Mission and programs · 2023

Mission

TO PROVIDE WATER UTILITY SERVICES TO MEMBERS WITHIN THE BOISTFORT VALLEY WATER SYSTEM GEOGRAPHICAL AREAS.

  • N/A

  • TO PROVIDE WATER UTILITY SERVICES TO MEMBERS WITHIN BOISTFORT VALLEY WATER SYSTEM GEOGRAPHICAL AREAS.

    Expenses $1,169,252 · Revenue $1,327,712

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

Listed in Part VII

  • Dusty Guenther

    GENERAL MANA

    Total calculated
    $96,361
    From this org
    $96,361
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Daniel Thomas

    DIRECTOR

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • M Penny Abnet

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Davis Arny

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sean Brattain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Pat Carlson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Millam Eric

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tausch Richard

    VICE PRESIDE

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.0
Source object
202423179349305652

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