Overview
What is Cataract Lake Water Corp?
Cataract Lake Water Corp is a nonprofit organization based in Cloverdale, Indiana. With a small team of three individuals, this corporation is dedicated to providing potable water to approximately 1,250 customers living in underserved, rural areas of west-central Indiana, specifically in Western Owen, Eastern Clay, and Southern Putnam counties. Their primary mission is to ensure access to clean drinking water for these communities, contributing significantly to their well-being.
Official website here: www.cataractlake.myruralwater
Is Cataract Lake Water Corp legitimate?
Cataract Lake Water Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cataract Lake Water Corp 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: $131,413
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,729
For more financial information, click here
Official website here: www.cataractlake.myruralwater
What is the mission statement of Cataract Lake Water Corp?
Cataract Lake Water Corp's mission is centered around supplying potable water to approximately 1,250 customers in underserved, rural areas of West-Central Indiana. The corporation operates with a commitment to serving these regions, ensuring they have access to clean water. Its activities primarily focus on delivering this essential resource, contributing to the well-being and livelihood of its customers in these often overlooked communities. The corporation's mission can be interpreted as a dedication to providing a basic necessity that many take for granted, thereby improving the quality of life in these rural areas.
Official website here: www.cataractlake.myruralwater
What is the revenue of Cataract Lake Water Corp?
Cataract Lake Water Corp's revenue in 2023 was $652,008.
Official website here: www.cataractlake.myruralwater
Who are the executives of Cataract Lake Water Corp and what are their salaries?
The average compensation at Cataract Lake Water Corp during 2023 was $60,047. There are 3 employees at Cataract Lake Water Corp.
Here are 10 key members and their salaries:
- Compensation: $75,133
- Related: $0
- Other: $0
- Compensation: $48,555
- Related: $0
- Other: $1,100
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $825
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cataractlake.myruralwater
Where can I find the form 990 for Cataract Lake Water Corp?
Cataract Lake Water Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cataractlake.myruralwater
Learn more at the official website: www.cataractlake.myruralwater
Mission Statement of Cataract Lake Water Corp
Cataract Lake Water Corp, a corporation based in Indiana, is committed to serving approximately 1,250 customers in underserved, rural areas. This organization's mission lies in providing potable water, an essential resource, to these communities that often lack adequate access to such necessities. By supplying clean water, Cataract Lake Water Corp plays a crucial role in improving the living conditions of its customers, ensuring they have access to a basic human right. The corporation's activities are instrumental in addressing the water needs of these rural communities, thereby contributing to their overall well-being.
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Impact
October, 2024
Cataract Lake Water Corp delivers essential potable water services to approximately 1,250 customers in underserved, rural areas of west-central Indiana, specifically in western Owen, eastern Clay, and southern Putnam counties. By providing access to safe drinking water, the corporation significantly enhances the quality of life for residents in these communities, addressing a critical public health need. The availability of reliable water sources contributes to the overall well-being of households, supports local economies, and fosters community development. Through its dedicated service, Cataract Lake Water Corp plays a vital role in ensuring sustainable water access, promoting health standards, and facilitating growth in rural Indiana.
This information is meant to be a general summary of Cataract Lake Water Corp. 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: $5,643
- Program Service Revenue: $635,090
- Gross Receipts: $652,008
Assets and Liabilities:
- Total Assets: $2,543,919
- Total Liabilities: $474,400
- Net Assets: $2,069,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALES
Revenue
$601,510
SERVICE REVENUE
Revenue
$29,685
RECONNECTION FEES
Revenue
$3,895
Organization Details
Founding Year
1969
Principal Officer
Elaine Pearson
NTEE Category
Code: W80 - Public benefit
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