Rural Water System Number 1

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

EIN: 420946161 ✦ Hospers, IA ✦ Designated as a 501(c)(12)

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Overview

What is Rural Water System Number 1?

Rural Water System Number 1 is a nonprofit organization primarily dedicated to the distribution of water. This entity operates through public utilities programs, ensuring its members receive clean and adequate water quantities. By selling water and maintaining quality, Rural Water System Number 1 plays a vital role in the rural community.

Is Rural Water System Number 1 legitimate?

Rural Water System Number 1 is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rural Water System Number 1 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: $173,638
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,643

For more financial information, click here

What is the mission statement of Rural Water System Number 1?

Rural Water System Number 1 is dedicated to offering water sales and ensuring the delivery of high-quality water in appropriate quantities to its members. This is achieved through the implementation of public utilities programs. The organization's primary objective is to satisfy the water needs of its members effectively. By operating under public utilities programs, Rural Water System Number 1 strives to provide its members with a reliable water supply, ensuring that the quantity and quality meet their requirements.

Who is the CEO of Rural Water System Number 1?

Randy Iedema is the Manager of Rural Water System Number 1.

What is the revenue of Rural Water System Number 1?

Rural Water System Number 1's revenue in 2022 was $3,176,291.

Who are the executives of Rural Water System Number 1 and what are their salaries?

The average compensation at Rural Water System Number 1 during 2022 was $30,660. There are 8 employees at Rural Water System Number 1.


Here are 10 key members and their salaries:


Randy Iedema (Manager)
  • Compensation: $162,138
  • Related: $0
  • Other: $0
Micah Schouten (Secretary)
  • Compensation: $1,875
  • Related: $0
  • Other: $0
Craig Hoftyzer (President)
  • Compensation: $1,750
  • Related: $0
  • Other: $0
Dan Buyert (Director)
  • Compensation: $1,375
  • Related: $0
  • Other: $0
Matt Hanenburg (Vice Preside)
  • Compensation: $1,375
  • Related: $0
  • Other: $0
Jeff Beyer (Director)
  • Compensation: $1,250
  • Related: $0
  • Other: $0
Josh Croatt (Director)
  • Compensation: $1,000
  • Related: $0
  • Other: $0
Scott Van Sloten (Director)
  • Compensation: $1,000
  • Related: $0
  • Other: $0
Aaron Sneller (Director)
  • Compensation: $1,000
  • Related: $0
  • Other: $0
Paul Stoll (Director)
  • Compensation: $875
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rural Water System Number 1?

Rural Water System Number 1's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rural Water System Number 1

Rural Water System Number 1, in its mission, is dedicated to supplying its members with clean and adequate water. The organization achieves this by selling water and ensuring its distribution in appropriate quantities through public utilities programs. By doing so, Rural Water System Number 1 contributes to the well-being of its community members, ensuring they have access to a vital resource necessary for daily living.

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Impact




October, 2024

Rural Water System Number 1 significantly impacts the community by ensuring access to quality water for its members. By implementing public utilities programs, it delivers safe and reliable water services to residents, enhancing the overall quality of life in Hospers, IA. Reliable water access supports health, sanitation, and daily living needs, which is crucial for sustaining the local population and promoting well-being. The provision of water in appropriate quantities also helps in agricultural activities, contributing to the area's economic stability. Overall, Rural Water System Number 1 plays a vital role in maintaining public health and supporting community development.




This information is meant to be a general summary of Rural Water System Number 1. 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
$3,176,291 (2022)
Expenses
$2,891,390 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $20,098
  • Program Service Revenue: $287,262
  • Gross Receipts: $4,321,310

Assets and Liabilities:

  • Total Assets: $33,489,450
  • Total Liabilities: $19,924,485
  • Net Assets: $13,564,965

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Programs

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

OTHER PROGRAM SERVICE REVENUE

Revenue

$287,262

Organization Details

Founding Year

1969

Principal Officer

Randy Iedema

Main Address

4438 380TH STREET, HOSPERS, IA, 51238

NTEE Category

Code: W80 - Public benefit

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