Watson Water Company Inc

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

EIN: 351125595 ✦ Jeffersonville, IN ✦ Designated as a 501(c)(12)

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Overview

What is Watson Water Company Inc?

Watson Water Company Inc, based in Jeffersonville, Indiana, is a corporation dedicated to delivering clean, potable water to its customers. With a team of nine dedicated employees, the company has served over 7,276 customers, providing them with approximately 441,457,300 gallons of water. The organization's primary goal revolves around ensuring the water supplied to its members is safe and drinkable.


Official website here: www.watson-water.com

Is Watson Water Company Inc legitimate?

Watson Water Company Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Watson 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: $44,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $543,777

For more financial information, click here


Official website here: www.watson-water.com

What is the mission statement of Watson Water Company Inc?

Watson Water Company Inc's primary mission is to deliver clean, potable water to its corporate members. This mission is reflected in their daily operations, as they provided approximately 441,457,300 gallons of water to over 7,276 customers. The company is committed to ensuring the quality and availability of water, serving as a vital resource for its customer base. While the company's focus is on providing water, it does not engage in advocacy, research, or support services beyond delivering this essential resource.


Official website here: www.watson-water.com

Who is the CEO of Watson Water Company Inc?

Andrew Settle is the Treasurer of Watson Water Company Inc.


Official website here: www.watson-water.com

What is the revenue of Watson Water Company Inc?

Watson Water Company Inc's revenue in 2022 was $4,477,415.


Official website here: www.watson-water.com

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

The average compensation at Watson Water Company Inc during 2022 was $65,383. There are 9 employees at Watson Water Company Inc.


Here are 9 key members and their salaries:


Dennis Hill (Treasurer)
  • Compensation: $5,700
  • Related: $0
  • Other: $0
Len Ashack (Secretary)
  • Compensation: $5,340
  • Related: $0
  • Other: $0
Mark Foster (Vice Preside)
  • Compensation: $5,340
  • Related: $0
  • Other: $0
Andrew Settle (President)
  • Compensation: $5,340
  • Related: $0
  • Other: $0
Eric Goodman (Director)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Tom King (Director)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Charles Milburn (Director)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Mike Myers (Director)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Sam Huff (Director)
  • Compensation: $2,550
  • Related: $0
  • Other: $0


Official website here: www.watson-water.com

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

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


Official website here: www.watson-water.com

Learn more at the official website: www.watson-water.com

Mission Statement of Watson Water Company Inc

Watson Water Company Inc, as stated in its mission, is dedicated to providing clean and potable water to its corporation members. This mission is a fundamental commitment to ensuring the well-being and health of its customers by supplying them with water that meets the highest standards of quality and safety. By selling approximately 441,457,300 gallons of water to over 7,276 customers, Watson Water Company Inc demonstrates its unwavering dedication to fulfilling this mission, providing its members with a vital resource that is essential for daily life. The company's mission is a testament to its commitment to maintaining the trust and satisfaction of its customers, making it a reliable and trusted provider of water services.

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Impact




October, 2024

Watson Water Company Inc plays a crucial role in ensuring access to clean, potable water for its community in Jeffersonville, Indiana. By supplying approximately 441,457,300 gallons of water to over 7,276 customers, the company significantly contributes to public health and well-being. Access to safe drinking water is essential for preventing waterborne diseases and supporting overall quality of life. The company’s commitment to this mission enhances the daily lives of its members, fostering a healthier and more sustainable community. Through its efforts, Watson Water Company Inc not only meets a vital need but also reinforces the importance of reliable water services in promoting public benefit.




This information is meant to be a general summary of Watson 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
$4,477,415 (2022)
Expenses
$2,654,776 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,502
  • Program Service Revenue: $4,429,527
  • Gross Receipts: $4,477,415

Assets and Liabilities:

  • Total Assets: $23,644,070
  • Total Liabilities: $8,038,980
  • Net Assets: $15,605,090

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Programs

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

METERED WATER REVENE

Revenue

$3,511,595

TAP FEES & LINE EXT

Revenue

$467,836

SYSTEM DEVELOPMENT

Revenue

$339,760

OTHER OPERATING REVENUE

Revenue

$93,536

SERVICE CHARGES

Revenue

$16,800

Organization Details

Founding Year

1964

Principal Officer

Andrew Settle

Main Address

4106 UTICA SELLERSBURG ROAD, JEFFERSONVILLE, IN, 47130

NTEE Category

Code: W80 - Public benefit

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