Overview
What is Canaan Utilities Corporation?
Canaan Utilities Corporation is a publicly-oriented nonprofit organization, situated in its mission to serve rural communities. With a focus on water provision, it caters to the needs of approximately 1,730 individuals. Acting as a public utilities organization, Canaan Utilities Corporation strives to ensure an adequate water supply for these rural areas, contributing to the overall well-being and livelihood of its clientele.
Is Canaan Utilities Corporation legitimate?
Canaan Utilities Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Canaan Utilities 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: $14,045
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,309
For more financial information, click here
What is the mission statement of Canaan Utilities Corporation?
Canaan Utilities Corporation, functioning as a public utilities organization, is committed to serving rural communities. Their primary mission is to provide access to clean water for approximately 1,730 individuals living in these areas. The corporation's activities focus on implementing programs that ensure a reliable water supply for these communities. By doing so, Canaan Utilities Corporation contributes to improving the quality of life in rural areas, ensuring that essential water needs are met.
What is the revenue of Canaan Utilities Corporation?
Canaan Utilities Corporation's revenue in 2023 was $1,106,249.
Who are the executives of Canaan Utilities Corporation and what are their salaries?
The average compensation at Canaan Utilities Corporation during 2023 was $44,338. There are 4 employees and 9 volunteers at Canaan Utilities Corporation.
Here are 12 key members and their salaries:
- Compensation: $1,900
- Related: $0
- Other: $0
- Compensation: $1,820
- Related: $0
- Other: $0
- Compensation: $1,625
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $450
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
Where can I find the form 990 for Canaan Utilities Corporation?
Canaan Utilities Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Canaan Utilities Corporation
Canaan Utilities Corporation is a dedicated organization with a mission to provide essential water services to rural communities. This public utilities company operates various programs designed to cater to the water needs of approximately 1,730 individuals. The primary objective of Canaan Utilities Corporation is to ensure that rural residents have access to clean and reliable water resources, thereby contributing to their overall well-being. As a public utilities organization, it plays a crucial role in ensuring that these communities have uninterrupted water supply, thereby enhancing their quality of life.
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Impact
October, 2024
Canaan Utilities Corporation plays a crucial role in delivering essential water services to rural customers in Canaan, Indiana. By serving approximately 1,730 individuals, the organization meets a fundamental need for clean and safe drinking water, which is vital for health and well-being. Its programs are designed to ensure that even underserved communities have access to this critical resource, thereby fostering a healthier and more sustainable environment.
The impact of Canaan Utilities extends beyond mere provision of water; it contributes to local economic stability by supporting livelihoods and improving quality of life for residents. Access to reliable water service enhances agricultural opportunities, promotes better sanitation, and ultimately supports community development. Through its commitment to serving rural populations, Canaan Utilities Corporation embodies the principles of public benefit, making a significant difference in the lives of those it serves.
This information is meant to be a general summary of Canaan Utilities 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $11,859
- Program Service Revenue: $1,076,405
- Gross Receipts: $1,110,324
Assets and Liabilities:
- Total Assets: $4,605,420
- Total Liabilities: $236,620
- Net Assets: $4,368,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF WATER
Revenue
$1,070,258
PENALTIESRECONNECT FEE
Revenue
$6,147
Organization Details
Founding Year
1967
Principal Officer
Eric Vickers
NTEE Category
Code: W80 - Public benefit
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