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Nonprofit · EIN 23-7048203

VAN BUREN WATER INC

Tax-exempt · BLOOMINGTON, IN 47403

Financials

$997K$1.2M2023$1.1M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of VAN BUREN WATER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,111,609$1,337,264-$225,655$3,359,828$493,003$2,866,825
December 31, 2023990$997,066$1,183,114-$186,048$3,594,584$502,104$3,092,480
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,081,932
Investment income
-$7,807
Net gain from sales of assets
-$23,327
Other revenue
$37,484

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$83,056
Salaries, compensation and benefits (total)
$89,953
Professional fundraising fees
$0
Legal fees
$10,200
Accounting fees
$10,200
Travel
$12,400
Depreciation
$167,931
Program services (functional)
$1,337,264

Balance sheet and other

Total assets, start of year
$3,594,584
Total assets, end of year
$3,359,828
Total liabilities, end of year
$493,003
Net assets, end of year
$2,866,825
Land, buildings and equipment
$2,916,555
Gross receipts
$1,134,936
Employees
6
Year formed
1964
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CRAIG D KOONSPRESIDENT
Trustee or director, Officer
0$12,000
JASON CLARKDIRECTOR
Trustee or director, Officer
–$9,600
DANIEL TAYLORDIRECTOR
Trustee or director, Officer
–$9,600
WILLIAM JAY HUMPHREYDIRECTOR
Trustee or director, Officer
–$9,300
RICHARD HANKINSDIRECTOR
Trustee or director
–$4,800
BRIAN SHIELDSDIRECTOR
Trustee or director
–$4,800
PERRY ROBINSONDIRECTOR
Trustee or director
–$4,500
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
CRAIG D KOONSPRESIDENT
Trustee or director, Officer
10$12,000
JASON CLARKDIRECTOR
Trustee or director, Officer
–$9,400
DANIEL TAYLORDIRECTOR
Trustee or director, Officer
–$9,400
WILLIAM JAY HUMPHREYDIRECTOR
Trustee or director, Officer
–$9,300
RICHARD HANKINSDIRECTOR
Trustee or director
–$4,800
PERRY ROBINSONDIRECTOR
Trustee or director
–$4,800
BRIAN SHIELDSDIRECTOR
Trustee or director
–$4,800

Address and contacts

Address (IRS master file)
4385 W STATE ROAD 45, BLOOMINGTON, IN 47403-5129
Principal officer (990 for 2024)
CRAIG D KOONS, 7832 ELWREN RD, BLOOMINGTON, IN 47402
Signed the 990
CRAIG D KOONS, PRESIDENT
Phone
(812) 825-9760
Return prepared by
TODD CARPENTER CPA PC

Mission

TO PROVIDE WATER SERVICE TO MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE WATER SERVICE TO MEMBERS.
  • TO PROVIDE WATER SERVICE TO MEMBERS.
    Expenses $1,337,264

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7048203
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1992
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,359,828
Income (IRS master file)
$1,134,936

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,111,609$1,337,264$3,359,828IRS
990December 2023$997,066$1,183,114$3,594,584XML
990December 2022$989,036$1,013,067$3,785,016IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7048203).

Questions about VAN BUREN WATER INC

What is the EIN of VAN BUREN WATER INC?
The employer identification number (EIN) of VAN BUREN WATER INC is 23-7048203.
Is VAN BUREN WATER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1992.
Are donations to VAN BUREN WATER INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does VAN BUREN WATER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VAN BUREN WATER INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VAN BUREN WATER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VAN BUREN WATER INC?
The 990 for the year ended December 31, 2024 names CRAIG D KOONS.
Who are the officers and directors of VAN BUREN WATER INC?
The 990 for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $12,000 (CRAIG D KOONS, PRESIDENT).
How much revenue does VAN BUREN WATER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,111,609, expenses of $1,337,264 and total assets of $3,359,828 at year end.

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