Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 35-1105987

MORGAN COUNTY RURAL WATER CORPORATION

Tax-exempt · MARTINSVILLE, IN 46151

Financials

$2.6M$2.2M2023$2.6M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of MORGAN COUNTY RURAL WATER CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,648,154$2,404,566$243,588$21,267,635$7,185,326$14,082,309
December 31, 2023990$2,561,281$2,153,717$407,564$20,943,434$7,347,866$13,595,568
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,589,367
Investment income
$44,825
Net rental income
$13,962
Other revenue
$13,962

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$21,750
Other salaries and wages
$515,214
Salaries, compensation and benefits (total)
$665,093
Professional fundraising fees
$0
Legal fees
$82,865
Accounting fees
$20,156
Depreciation
$632,425

Balance sheet and other

Total assets, start of year
$20,943,434
Total assets, end of year
$21,267,635
Total liabilities, end of year
$7,185,326
Net assets, end of year
$14,082,309
Land, buildings and equipment
$18,581,603
Gross receipts
$2,648,154
Employees
13
Volunteers
0
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
RODNEY PHEIFERMEMBER
Trustee or director
2$2,850
NATALIE REESEMEMBER
Trustee or director
2$2,700
JAMES THACKERMEMBER
Trustee or director
2$2,700
YVONNE LARISONVICE PRESIDENT
Officer
2$2,700
JOSEPH CLYMERMEMBER
Trustee or director
2$2,400
JORDAN GILKERSONTREASURER
Officer
2$2,400
DUDLEY BONTEMEMBER
Trustee or director
2$2,250
JACK ELLIOTTPRESIDENT
Officer
2$1,650
LANCE SIMPSONMEMBER
Trustee or director
2$600
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
RODNEY PHEIFERMEMBER
Trustee or director
2$2,100
JAMES THACKERMEMBER
Trustee or director
2$2,100
YVONNE LARISONVICE PRESIDENT
Officer
2$2,100
JOSEPH CLYMERMEMBER
Trustee or director
2$1,950
CRAIG KRATZERTREASURER
Officer
2$1,950
JORDAN GILKERSONMEMBER
Trustee or director
2$1,800
NATALIE REESEMEMBER
Trustee or director
2$1,800
DUDLEY BONTEMEMBER
Trustee or director
2$1,800
JACK ELLIOTTPRESIDENT
Officer
2$1,650

Address and contacts

Address (IRS master file)
1395 E SHORE DR, MARTINSVILLE, IN 46151-8814
Principal officer (990 for 2024)
SCOTT YOUMANS, 1395 E SHORE DR, MARTINSVILLE, IN 461510575
Signed the 990
SCOTT YOUMANS, BOARD SECRETARY AND MANAGER
Phone
(765) 342-7370
Return prepared by
PERSHING & COMPANY INC

Mission

PROVIDE POTABLE WATER TO ITS MEMBERS

990 for the year ended December 31, 2024

Program accomplishments

  • TO DELIVER POTABLE WATER TO ITS MEMBER BY PUMPING, TREATING, DISTRIBUTING, AND METERING WATER TO ITS MEMBERS

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
35-1105987
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,267,635
Income (IRS master file)
$2,648,154

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,648,154$2,404,566$21,267,635XML
990December 2023$2,561,281$2,153,717$20,943,434XML
990December 2022$2,443,723$2,182,330$20,510,361IRS
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 35-1105987).

Questions about MORGAN COUNTY RURAL WATER CORPORATION

What is the EIN of MORGAN COUNTY RURAL WATER CORPORATION?
The employer identification number (EIN) of MORGAN COUNTY RURAL WATER CORPORATION is 35-1105987.
Is MORGAN COUNTY RURAL WATER CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1971.
Are donations to MORGAN COUNTY RURAL WATER CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MORGAN COUNTY RURAL WATER CORPORATION 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 MORGAN COUNTY RURAL WATER CORPORATION 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 MORGAN COUNTY RURAL WATER CORPORATION 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 MORGAN COUNTY RURAL WATER CORPORATION?
The 990 for the year ended December 31, 2024 names SCOTT YOUMANS.
Who are the officers and directors of MORGAN COUNTY RURAL WATER CORPORATION?
The 990 for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $2,850 (RODNEY PHEIFER, MEMBER).
How much revenue does MORGAN COUNTY RURAL WATER CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,648,154, expenses of $2,404,566 and total assets of $21,267,635 at year end.

Other nonprofits in MARTINSVILLE

All nonprofits in MARTINSVILLE · Indiana