Overview
What is 51st Street Water Association?
The 51st Street Water Association is a nonprofit organization that provides domestic water service to its member companies. These companies contribute assessments based on their water usage, with the association primarily spending funds on maintaining the water system and making payments to the City of Chicago for purchased and transmitted water. The association's primary mission is to distribute water to its member companies, ensuring a reliable supply for their operations.
Is 51st Street Water Association legitimate?
51st Street Water Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. 51st Street Water Association 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: $23,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of 51st Street Water Association?
The 51st Street Water Association's primary role is to supply domestic water to various member companies. These companies contribute assessments based on their water consumption. The association's main expenditures are directed towards maintaining the water system and making payments to the City of Chicago for the procured and transmitted water. Essentially, the association's mission is to ensure the reliable supply of water to its member companies, managing the associated expenses effectively.
Who is the CEO of 51st Street Water Association?
Joseph C Mihalov is the President of 51st Street Water Association.
What is the revenue of 51st Street Water Association?
51st Street Water Association's revenue in 2022 was $383,821.
Who are the executives of 51st Street Water Association and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $23,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 51st Street Water Association?
51st Street Water Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 51st Street Water Association
The 51st Street Water Association, as a key entity, is dedicated to providing domestic water service to its member companies. The association operates on a unique model where its members contribute assessments proportional to their water usage. The primary expenses incurred by the association are associated with the upkeep of the water system and the payments made to the City of Chicago for the water procured and delivered to the member companies. In essence, the 51st Street Water Association serves as a vital intermediary, ensuring a steady supply of water to its affiliated businesses.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The 51st Street Water Association plays a crucial role in ensuring the reliable delivery of domestic water service to its member companies in Orland Park, IL. By facilitating a system where members pay assessments based on their water usage, the association effectively manages the distribution of water resources in a fair and sustainable manner.
The association prioritizes the maintenance of its water system, ensuring that it operates efficiently and meets the needs of its members. This not only helps maintain water quality but also supports local businesses that rely on consistent water access. Additionally, the association handles payments to the City of Chicago for the water it purchases and transmits, establishing a direct link to major municipal resources.
Through its coordinated efforts, 51st Street Water Association fosters a sense of community among its members while promoting responsible water usage and collaborative resource management, ultimately benefiting the local economy and environment.
This information is meant to be a general summary of 51st Street Water Association. 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 2022.
- Investment Income: $3
- Program Service Revenue: $383,818
- Gross Receipts: $383,821
Assets and Liabilities:
- Total Assets: $481,831
- Total Liabilities: $300,000
- Net Assets: $181,831
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$383,818
Organization Details
Founding Year
1993
Phone
(847) 846-7722Principal Officer
Joseph C Mihalov
Main Address
13815 CAMELOT COURT, ORLAND PARK, IL, 60467
NTEE Category
Code: Z99 - Unknown
If you are a representative of 51st Street Water Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.