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Nonprofit · EIN 23-7213984

LAKE SARA AREA WATER COOPERATIVE INC

Tax-exempt · EFFINGHAM, IL 62401

Financials

$693K$662K2023$711K$765K2024
Revenue Expenses · by fiscal year end
Financials of LAKE SARA AREA WATER COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$711,326$764,505-$53,179$2,818,389$16,500$2,801,889
December 31, 2023990$692,859$662,258$30,601$2,869,616$14,548$2,855,068
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,950
Membership dues
$1,950
Program service revenue
$706,000
Investment income
$3,376
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$19,200
Other salaries and wages
$67,219
Salaries, compensation and benefits (total)
$119,384
Professional fundraising fees
$0
Legal fees
$1,381
Accounting fees
$9,000
Occupancy
$12,074
Depreciation
$127,128

Balance sheet and other

Total assets, start of year
$2,869,616
Total assets, end of year
$2,818,389
Total liabilities, end of year
$16,500
Net assets, end of year
$2,801,889
Land, buildings and equipment
$2,170,526
Gross receipts
$711,326
Employees
1
Year formed
1972
State of legal domicile
IL

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
ROBERT HUEY JRPRESIDENT
Trustee or director, Officer
2$6,000
JOE JANSENVICE-PRES.
Trustee or director, Officer
2$4,200
MICHAEL ETTERVICE-PRES.,T
Trustee or director, Officer
2$4,200
VIC FAUSSVICE-PRES.,S
Trustee or director, Officer
2$2,400
TERRY YOUNGBLOODVICE-PRES.
Trustee or director, Officer
2$2,400
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
ROBERT HUEY JRPRESIDENT
Trustee or director, Officer
2$6,000
JOE JANSENVICE-PRES.
Trustee or director, Officer
2$4,050
MICHAEL ETTERVICE-PRES.,T
Trustee or director, Officer
2$4,050
VIC FAUSSVICE-PRES.,S
Trustee or director, Officer
2$2,400
TERRY YOUNGBLOODVICE-PRES.
Trustee or director, Officer
2$2,200

Address and contacts

Address (IRS master file)
PO BOX 874, EFFINGHAM, IL 62401-0874
In care of
% LAKE SARA AREA WATER COOP INC
Principal officer (990 for 2024)
ROBERT HUEY JR, PO BOX 874, EFFINGHAM, IL 62401
Signed the 990
ROBERT HUEY JR, PRESIDENT
Phone
(217) 342-9658
Return prepared by
DOEHRING WINDERS & CO LLP

Mission

OPERATION OF CO-OP WATER SERVICES

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION OF COOPERATIVE WATER SYSTEM FOR THE BENEFIT OF ITS APPROXIMATE 1,350 RESIDENTIAL AND 30 COMMERCIAL MEMBERS. FOR 2024, 65,398,000 GALLONS OF WATER WAS SOLD TO ITS MEMBERS.
    Expenses $764,510 · revenue $707,950

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
23-7213984
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1973
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,818,389
Income (IRS master file)
$711,326

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$711,326$764,505$2,818,389XML
990December 2023$692,859$662,258$2,869,616XML
990December 2022$655,946$646,679$2,859,430IRS
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 23-7213984).

Questions about LAKE SARA AREA WATER COOPERATIVE INC

What is the EIN of LAKE SARA AREA WATER COOPERATIVE INC?
The employer identification number (EIN) of LAKE SARA AREA WATER COOPERATIVE INC is 23-7213984.
Is LAKE SARA AREA WATER COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1973.
Are donations to LAKE SARA AREA WATER COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKE SARA AREA WATER COOPERATIVE 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 LAKE SARA AREA WATER COOPERATIVE 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 LAKE SARA AREA WATER COOPERATIVE 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 LAKE SARA AREA WATER COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names ROBERT HUEY JR.
Who are the officers and directors of LAKE SARA AREA WATER COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $6,000 (ROBERT HUEY JR, PRESIDENT).
How much revenue does LAKE SARA AREA WATER COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $711,326, expenses of $764,505 and total assets of $2,818,389 at year end.

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