Overview
What is Lake Sara Area Water Cooperative Inc?
Lake Sara Area Water Cooperative Inc is a nonprofit organization that manages a cooperative water system, serving around 1,300 residential and 30 commercial members. Their primary mission is to provide reliable water services, as evidenced by the sale of over 59 million gallons of water in 2022. This cooperative endeavor aims to meet the hydration needs of its members, contributing to their overall well-being. The cooperative's operations are centered around providing water services, thereby benefiting its community in a significant way.
Official website here: www.lsawc.com
Is Lake Sara Area Water Cooperative Inc legitimate?
Lake Sara Area Water Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lake Sara Area Water Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $19,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,586
For more financial information, click here
Official website here: www.lsawc.com
What is the mission statement of Lake Sara Area Water Cooperative Inc?
Lake Sara Area Water Cooperative Inc's primary mission is to manage and operate a cooperative water system. This service is designed to cater to the needs of its approximately 1,300 residential and 30 commercial members. The cooperative sold a total of 59,139,000 gallons of water in 2022, demonstrating its commitment to providing water services to its members. The cooperative's operation aims to ensure reliable and sufficient water supply, thereby benefiting its members in their daily lives. The cooperative's activities are centered around maintaining and improving the water system to meet the evolving needs of its members.
Official website here: www.lsawc.com
Who is the CEO of Lake Sara Area Water Cooperative Inc?
Robert Huey Jr is the President of Lake Sara Area Water Cooperative Inc.
Official website here: www.lsawc.com
What is the revenue of Lake Sara Area Water Cooperative Inc?
Lake Sara Area Water Cooperative Inc's revenue in 2022 was $655,946.
Official website here: www.lsawc.com
Who are the executives of Lake Sara Area Water Cooperative Inc and what are their salaries?
The average compensation at Lake Sara Area Water Cooperative Inc during 2022 was $80,786. There is 1 employee at Lake Sara Area Water Cooperative Inc.
Here are 4 key members and their salaries:
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
Official website here: www.lsawc.com
Where can I find the form 990 for Lake Sara Area Water Cooperative Inc?
Lake Sara Area Water Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lsawc.com
Learn more at the official website: www.lsawc.com
Mission Statement of Lake Sara Area Water Cooperative Inc
Lake Sara Area Water Cooperative Inc, as a mission-driven organization, operates a cooperative water system. Its primary objective is to serve and benefit its approximately 1,300 residential and 30 commercial members. The cooperative sells a substantial amount of water, totaling 59,139,000 gallons, annually. By providing a reliable water supply, Lake Sara Area Water Cooperative Inc contributes to the well-being and daily needs of its members, ensuring a consistent water supply for their homes and businesses.
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Impact
October, 2024
Lake Sara Area Water Cooperative Inc significantly impacts the community by providing essential water services to approximately 1,300 residential and 30 commercial members in Effingham, IL. In 2022, the cooperative sold a substantial 59,139,000 gallons of water, ensuring reliable access to this vital resource for its members. By operating a cooperative water system, it fosters a sense of community while meeting the needs of residents and businesses alike. The cooperative model promotes public benefit, enhancing the quality of life and supporting local economic activity in the area.
This information is meant to be a general summary of Lake Sara Area Water Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $728
- Program Service Revenue: $652,968
- Gross Receipts: $655,946
Assets and Liabilities:
- Total Assets: $2,859,430
- Total Liabilities: $34,963
- Net Assets: $2,824,467
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
METERED WATER
Revenue
$635,560
TAP-ON FEES
Revenue
$9,850
SERVICE CHARGES & OTHER REV.
Revenue
$7,558
Organization Details
Founding Year
1972
Phone
(217) 342-9658Principal Officer
Robert Huey Jr
Main Address
PO BOX 874, EFFINGHAM, IL, 62401
Website
www.lsawc.comNTEE Category
Code: W80 - Public benefit
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