Floyds Knobs Water Company Inc

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

EIN: 351103388 ✦ Floyds knobs, IN ✦ Designated as a 501(c)(12)

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Overview

What is Floyds Knobs Water Company Inc?

Floyds Knobs Water Company Inc is a nonprofit organization based in Floyds Knobs, Indiana. With a dedicated team of seven employees, their primary mission is to provide metered water services to approximately 2,400 members on a cooperative basis. This community-oriented company is committed to delivering safe and high-quality water, upholding a standard of excellence in customer service, and promoting environmental conservation. Their operations are centered around maintaining water infrastructure and ensuring reliable water supply for their members.


Official website here: www.floydsknobswater.com

Is Floyds Knobs Water Company Inc legitimate?

Floyds Knobs Water Company Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Floyds Knobs Water Company 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: $80,120
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,113

For more financial information, click here


Official website here: www.floydsknobswater.com

What is the mission statement of Floyds Knobs Water Company Inc?

Floyds Knobs Water Company Inc is dedicated to providing its approximately 2,400 members with metered water services on a cooperative basis. The company's mission is centered around ensuring the safety and high quality of the water supplied. Furthermore, Floyds Knobs Water Company Inc maintains a standard of excellence in customer service and demonstrates a commitment to environmental conservation.


Official website here: www.floydsknobswater.com

Who is the CEO of Floyds Knobs Water Company Inc?

Rick Morgan is the President of Floyds Knobs Water Company Inc.


Official website here: www.floydsknobswater.com

What is the revenue of Floyds Knobs Water Company Inc?

Floyds Knobs Water Company Inc's revenue in 2022 was $1,999,888.


Official website here: www.floydsknobswater.com

Who are the executives of Floyds Knobs Water Company Inc and what are their salaries?

The average compensation at Floyds Knobs Water Company Inc during 2022 was $30,319. There are 7 employees at Floyds Knobs Water Company Inc.


Here are 8 key members and their salaries:


Rick Morgan (President)
  • Compensation: $3,500
  • Related: $0
  • Other: $0
Gayle Pearl (Secretary/Treasurer)
  • Compensation: $1,625
  • Related: $0
  • Other: $0
Mike Shearer (Vice President)
  • Compensation: $2,000
  • Related: $0
  • Other: $0
Kirk Shaffer (Director)
  • Compensation: $1,100
  • Related: $0
  • Other: $0
David Cull (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Ryan Pfeifer (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Mark Ammons (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Danny Standiford (General Manager)
  • Compensation: $66,305
  • Related: $0
  • Other: $1,989


Official website here: www.floydsknobswater.com

Where can I find the form 990 for Floyds Knobs Water Company Inc?

Floyds Knobs Water Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.floydsknobswater.com

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

Mission Statement of Floyds Knobs Water Company Inc

Floyds Knobs Water Company Inc, a cooperative water service provider, is committed to delivering safe and high-quality water services to its community. The company prioritizes maintaining a standard of excellence in customer service, ensuring that each of its approximately 2,400 members receives reliable and top-notch water services. Furthermore, Floyds Knobs Water Company Inc places great emphasis on environmental conservation, demonstrating its commitment to sustainable practices and responsible water management.

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Impact




October, 2024

Floyds Knobs Water Company Inc plays a vital role in the community by delivering metered water services to approximately 2,400 members in Floyds Knobs, Indiana, operating on a cooperative basis. The organization is dedicated to providing safe, high-quality water, ensuring that residents have access to essential water resources while maintaining a commitment to excellence in customer service.

Additionally, the company's focus on environmental conservation highlights its responsibility towards sustainable practices, positively impacting both the community's well-being and the local ecosystem. By prioritizing safety and quality in water distribution, Floyds Knobs Water Company Inc contributes significantly to the overall health and quality of life in the area, fostering a sense of community responsibility among its members.




This information is meant to be a general summary of Floyds Knobs Water Company 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.

Revenue
$1,999,888 (2022)
Expenses
$1,871,063 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,859
  • Program Service Revenue: $1,993,029
  • Gross Receipts: $1,999,888

Assets and Liabilities:

  • Total Assets: $9,905,061
  • Total Liabilities: $6,928,847
  • Net Assets: $2,976,214

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Programs

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

METERED WATER REVENUE

Revenue

$1,980,469

OTHER WATER REVENUE

Revenue

$12,560

Organization Details

Founding Year

1961

Principal Officer

Rick Morgan

Main Address

744 HIGHLANDER POINT DRIVE, FLOYDS KNOBS, IN, 47119

NTEE Category

Code: W80 - Public benefit

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