Putnam Community Water Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310649106 ✦ Marietta, OH ✦ Designated as a 501(c)(12)

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Overview

What is Putnam Community Water Corporation?

Putnam Community Water Corporation is a nonprofit organization situated in Marietta, Ohio. Their primary mission is to acquire, operate, and maintain a water distribution, supply, and treatment system within a five-mile radius of their office building, primarily benefiting the residents of Muskingum Township east of the Muskingum River. This system aims to meet the needs of its members at an economically viable cost. The corporation operates with a team of three dedicated individuals. Their activities involve procuring water sources through purchases, leases, or well drilling to ensure an adequate water supply for the community.


Official website here: www.putnamwater.com

Is Putnam Community Water Corporation legitimate?

Putnam Community Water Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Putnam Community Water Corporation 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: $9,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $62,996

For more financial information, click here


Official website here: www.putnamwater.com

What is the mission statement of Putnam Community Water Corporation?

The Putnam Community Water Corporation's mission is to acquire a reliable water source for its members within a specific radius, primarily through purchasing, leasing, or drilling wells. The corporation's aim is to operate and maintain a water distribution, supply, and treatment system within an economically viable service area, ensuring the service is provided at actual cost to its members. In essence, the Putnam Community Water Corporation seeks to provide its members with a dependable water supply, ensuring its operations are financially sustainable.


Official website here: www.putnamwater.com

Who is the CEO of Putnam Community Water Corporation?

Steve Schoonover is the President of Putnam Community Water Corporation.


Official website here: www.putnamwater.com

What is the revenue of Putnam Community Water Corporation?

Putnam Community Water Corporation's revenue in 2022 was $512,198.


Official website here: www.putnamwater.com

Who are the executives of Putnam Community Water Corporation and what are their salaries?

The average compensation at Putnam Community Water Corporation during 2022 was $24,015. There are 3 employees at Putnam Community Water Corporation.


Here are 7 key members and their salaries:


Steve Schoonover (President)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Randy Barengo (Vice President)
  • Compensation: $1,250
  • Related: $0
  • Other: $0
Sam Tuten (Director)
  • Compensation: $1,000
  • Related: $0
  • Other: $0
Jim Bir (Director)
  • Compensation: $1,000
  • Related: $0
  • Other: $0
John Kuch (Director)
  • Compensation: $2,000
  • Related: $0
  • Other: $0
John Hirschfield (Director)
  • Compensation: $800
  • Related: $0
  • Other: $0
Jim Wark (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0


Official website here: www.putnamwater.com

Where can I find the form 990 for Putnam Community Water Corporation?

Putnam Community Water Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.putnamwater.com

Learn more at the official website: www.putnamwater.com

Mission Statement of Putnam Community Water Corporation

Putnam Community Water Corporation is committed to procuring a reliable source of water for the benefit of its members residing in the vicinity of Muskingum Township, east of the Muskingum River. The corporation aims to achieve this goal through various means such as purchasing, leasing, or drilling wells. Beyond this, Putnam Community Water Corporation's mission extends to operating and maintaining a comprehensive water distribution, supply, and treatment system. This system is designed to cater to its members within an economically viable service area, ensuring the supply of clean water at reasonable costs. The corporation's mission is to meet its members' water needs efficiently and effectively, prioritizing the economic well-being of its members.

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Impact




October, 2024

Putnam Community Water Corporation plays a crucial role in enhancing the quality of life for residents of Muskingum Township. By securing water sources through purchase, lease, or drilling, the corporation ensures access to reliable water supplies for individuals and families in the area. Their dedicated efforts to operate and maintain a comprehensive water distribution, supply, and treatment system are designed to meet the needs of the community efficiently and economically.

Located in Marietta, Ohio, the corporation focuses its services within a five-mile radius from its office, primarily benefiting residents east of the Muskingum River. This strategic commitment to local water infrastructure not only supports public health but also fosters community well-being by guaranteeing that members receive water at actual cost. Overall, Putnam Community Water Corporation significantly contributes to the sustainability and development of the region by prioritizing mutual benefit and resource accessibility for its members.




This information is meant to be a general summary of Putnam Community Water Corporation. 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.

Revenue
$512,198 (2022)
Expenses
$446,647 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,243
  • Program Service Revenue: $501,955
  • Gross Receipts: $512,198

Assets and Liabilities:

  • Total Assets: $3,912,247
  • Total Liabilities: $1,556,075
  • Net Assets: $2,356,172

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

WATER SALES

Revenue

$490,560

MISCELLANEOUS FEES

Revenue

$11,395

Organization Details

Founding Year

2015

Principal Officer

Steve Schoonover

Main Address

920 RIVER RD, MARIETTA, OH, 45750

NTEE Category

Code: Y99 - Mutual benefit

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