2024-08-02T14:12:35-05:00 2023-12-31 420794029 DENMAN CPA LLP 1601 22ND STREET SUITE 400 WEST DES MOINES IA 502661453 990 2023-01-01 421089164 IOWA REGIONAL UTILITIES ASSOCIATION IOWA 6417927011 1351 IOWA SPEEDWAY DRIVE NEWTON IA 502088245 MATT MAHLER CEO 6417927011 2024-07-17 1 0 ROBERT W HOLTZBAUER P01273632 5152258400 2023 2024-08-08 14:25:15Z MATT MAHLER 1351 IOWA SPEEDWAY DRIVE NEWTON IA 502088245 18839318 0 X WWW.IRUA.NET X 1977 IA PROVIDE WATER AND WASTEWATER COLLECTION AND TREATMENT SERVICES TO RURAL RESIDENTS, SMALL COMMUNITIES, DEVELOPMENTS, RECREATIONAL FACILITIES AND RURAL-BASED BUSINESSES THROUGHOUT CENTRAL AND NORTHEAST IOWA. 9 0 75 0 45355 44355 0 750081 14926617 16248003 734942 819616 706568 969790 16368127 18787490 0 0 0 0 1886908 2067011 0 0 0 12429305 13367622 14316213 15434633 2051914 3352857 156136474 157625848 74880797 73017314 81255677 84608534 PROVIDE WATER AND WASTEWATER COLLECTION AND TREATMENT SERVICES TO RURAL RESIDENTS, SMALL COMMUNITIES, DEVELOPMENTS, RECREATIONAL FACILITIES AND RURAL-BASED BUSINESSES THROUGHOUT CENTRAL AND NORTHEAST IOWA. 0 0 PURPOSE OF DEVELOPING, CONSTRUCTING AND OPERATING WATER LINES, TREATMENT FACILITIES, WELLS AND RESERVOIRS TO PROVIDE WATER AND OR SEWER TREATMENT TO RESIDENTS OF CENTRAL AND NORTHEAST IOWA COUNTIES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 1 75 1 1 1 0 0 0 0 0 0 16352327 1716847 0 0 0 X 9 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 X MATT MAHLER 6417927011 1351 IOWA SPEEDWAY DRIVE NEWTON IA 502088245 RON DUNSBERGEN PRESIDENT 1.00 X X 4400 0 0 DAN BRANDT VICE-PRESIDENT 1.00 X X 4150 0 0 DELWIN VAN ZANTE SECRETARY 1.00 X X 4250 0 0 CURTIS MACKIE TREASURER 1.00 X X 3950 0 0 DONALD STRUTHERS DIRECTOR 1.00 X 4100 0 0 GENE WIEMERS DIRECTOR 1.00 X 4000 0 0 KEVIN NESSA DIRECTOR 1.00 X 4250 0 0 DOUG ENYART DIRECTOR 1.00 X 4050 0 0 BRYCE DEE DIRECTOR 1.00 X 3100 0 0 MATT MAHLER CEO 55.00 X 169632 0 21005 205882 0 21005 1 0 1 0 JR STELZER COMPANY 5850 RUSSELL DRIVE 1 LINCOLN NE 68507 CONSTRUCTION SERVICES 316354 1 750081 750081 WATER SOLD & SEWER SERVICE 221000 15725658 15725658 MEMBERSHIP DUES & ASSESSMENTS 221000 463900 463900 SERVICE & SUPPLY SALES 221000 58445 58445 16248003 743696 743696 15737 77120 0 31765 15737 45355 61092 45355 15737 95983 20063 75920 75920 75920 MISC REVENUE 221000 908698 908698 908698 18787490 16248003 45355 1744051 226887 1666119 37534 136471 58451 33945 188201 143365 27861 3072877 4884283 135942 FEDERAL UBIT 19142 WATER PURCHASED 2846787 WATER DISTRIBUTION OPER 828027 WATER TREATMENT PLANT O 260861 867880 15434633 405 0 4003654 4026880 1324622 1555249 2057992 1966957 226938 63224 234879945 89209318 143678703 145670627 678417 449531 3301688 3068461 864055 824919 156136474 157625848 1089667 915437 71953503 69175488 1837627 2926389 74880797 73017314 X 77042611 80363215 4213066 4245319 81255677 84608534 156136474 157625848 3352857 0 X 0 1 X 1 1 1 1441210 1441210 1584525 993278 591247 221278611 81452576 139826035 8963982 6763464 2200518 1611617 1611617 145670627 LINE OF CREDIT 2926389 2926389 X 18819254 31764 31764 18787490 0 18787490 15466397 31764 31764 15434633 0 15434633 PART X, LINE 2: THE ASSOCIATION HAS OBTAINED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE OTHER THAN FOR CERTAIN UNRELATED BUSINESS REVENUES FROM RENTAL OF LAND AND SPACE ON TOWERS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) FOR AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAX AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: NETTED AGAINST RENTAL INCOME 31,764. PART XII, LINE 2D - OTHER ADJUSTMENTS: NETTED AGAINST RENTAL INCOME 31,764. X 0 1 X X X 0 0 0 MATT MAHLER CEO 169632 0 0 0 0 0 7006 0 13999 0 190637 0 0 0 PART I, LINE 1B THE ASSOCIATION PERIODICALLY REQUIRES REPRESENTATIVES OF THE BOARD OF DIRECTORS AND THE CEO TO TRAVEL TO VARIOUS INDUSTRY CONFERENCES. BASED ON PAST PRACTICES OF THE BOARD OF DIRECTORS, AN OFFER HAS BEEN MADE TO THOSE GIVING OF THEIR TIME FOR THE CONFERENCE TO BRING THEIR SPOUSE AS AN ADDITIONAL REPRESENTATIVE OF THE ASSOCIATION. THE BOARD DETERMINES AT MONTHLY BOARD MEETINGS THE POTENTIAL NUMBER OF BOARD MEMBER ATTENDEES FROM THE BOARD FOR EACH CONFERENCE. INDIVIDUAL BOARD MEMBERS EVALUATE THEIR SCHEDULE FOR CONFLICTS AND DETERMINES POSSIBLE ATTENDANCE FOR THEM AND/OR THEIR SPOUSE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CHARGES A MEMBERSHIP FEE AND THEN PROVIDES SERVICES TO ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD PRESIDENT APPOINTS A NOMINATING COMMITTEE, WHICH CONSISTS OF SITTING BOARD MEMBERS. THE COMMITTEE RECRUITS CANDITATES FROM MEMBERS. NOMINEE INFORMATION IS INCLUDED WITH THE ANNUAL MEETING NOTICE, WHICH IS SENT TO ALL MEMBERS WHO HAVE ACCOUNTS IN GOOD STANDING AND ARE ELIGIBLE TO VOTE. AT THE ANNUAL MEETING, EITHER BY PROXY OR IN PERSON, THE MEMBERSHIP VOTES ON A BALLOT OF NOMINEES TO ELECT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CEO MATT MAHLER IS INVOLVED IN THIS DECISION-MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS HAVE THE ABILITY TO REVIEW FORM 990 UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C WHEN EMPLOYEES ARE HIRED, THEY ARE REQUIRED TO REVIEW THE PERSONNEL MANUAL AND SIGN THAT THEY HAVE UNDERSTOOD THE PROVISIONS OF IT, WHICH INCLUDE A CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A A SUBCOMMITTEE OF THE BOARD PERIODICALLY REVIEWS COMPENSATION FOR OTHER WATER ASSOCIATIONS AND DISTRICTS. IN ADDITION, THE CEO PROVIDES ENGINEERING SERVICES TO THE ASSOCIATION AND THE SUBCOMMITTEE OBTAINS COMPARABLE DATA FROM ENGINEERING COMPANIES WHEN POSSIBLE. THIS INFORMATION IS THEN INCORPORATED INTO DISCUSSION REGARDING THE RENEWAL OF THE CEO CONTRACT AND AGREED UPON COMPENSATION IS DOCUMENTED IN THAT CONTRACT WHICH IS SIGNED BY A MEMBER OF THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.