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Nonprofit · EIN 35-1125595

WATSON RURAL WATER COMPANY

Tax-exempt · JEFFERSONVLLE, IN 47130

Financials

$4.8M$2.8M2023$5.9M$3.1M2024$6.9M$3.2M2025
Revenue Expenses · by fiscal year end
Financials of WATSON RURAL WATER COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$6,948,213$3,195,088$3,753,125$31,139,261$6,958,884$24,180,377
December 31, 2024990$5,935,811$3,134,676$2,801,135$27,882,058$7,454,806$20,427,252
December 31, 2023990$4,838,213$2,817,186$2,021,027$25,342,957$7,716,840$17,626,117
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$6,605,295
Investment income
$320,924
Net rental income
$21,994
Net gain from sales of assets
-$19,139
Other revenue
$21,994

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$70,605
Other salaries and wages
$705,509
Salaries, compensation and benefits (total)
$1,162,725
Professional fundraising fees
$0
Legal fees
$29,613
Accounting fees
$42,599
Occupancy
$28,110
Travel
$43,162
Depreciation
$770,841

Balance sheet and other

Total assets, start of year
$27,882,058
Total assets, end of year
$31,139,261
Total liabilities, end of year
$6,958,884
Net assets, end of year
$24,180,377
Land, buildings and equipment
$21,130,045
Gross receipts
$6,967,352
Employees
9
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
LEN ASHACKSECRETARY
Trustee or director, Officer
1$8,140
MARK FOSTERVICE PRESIDE
Trustee or director, Officer
1$8,140
ANDREW SETTLEPRESIDENT
Trustee or director, Officer
1$8,140
DENNIS HILLDIRECTOR
Trustee or director
1$8,100
JOSH HILLMANTREASURER
Trustee or director, Officer
1$8,060
ERIC GOODMANDIRECTOR
Trustee or director
1$7,900
TOM KINGDIRECTOR
Trustee or director
1$7,900
MIKE MYERSDIRECTOR
Trustee or director
1$7,900
TINA HOFFMANDIRECTOR
Trustee or director
1$6,325
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
DENNIS HILLTREASURER
Trustee or director, Officer
1$6,900
LEN ASHACKSECRETARY
Trustee or director, Officer
1$6,540
MARK FOSTERVICE PRESIDE
Trustee or director, Officer
1$6,540
ANDREW SETTLEPRESIDENT
Trustee or director, Officer
1$6,540
ERIC GOODMANDIRECTOR
Trustee or director
1$6,300
JOSH HILLMANDIRECTOR
Trustee or director
1$6,300
TOM KINGDIRECTOR
Trustee or director
1$6,300
CHARLES MILBURNDIRECTOR
Trustee or director
1$6,300
MIKE MYERSDIRECTOR
Trustee or director
1$6,300
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
DENNIS HILLTREASURER
Trustee or director, Officer
1$5,700
LEN ASHACKSECRETARY
Trustee or director, Officer
1$5,340
MARK FOSTERVICE PRESIDE
Trustee or director, Officer
1$5,340
ANDREW SETTLEPRESIDENT
Trustee or director, Officer
1$5,340
ERIC GOODMANDIRECTOR
Trustee or director
1$5,100
TOM KINGDIRECTOR
Trustee or director
1$5,100
CHARLES MILBURNDIRECTOR
Trustee or director
1$5,100
MIKE MYERSDIRECTOR
Trustee or director
1$5,100
JOSH HILLMANDIRECTOR
Trustee or director
1$2,125

Address and contacts

Address (IRS master file)
4106 UTICA SELLERSBURG RD, JEFFERSONVLLE, IN 47130-8711
Principal officer (990 for 2025)
ANDREW SETTLE, 7714 STACY ROAD, CHARLESTOWN, IN 47111
Signed the 990
ANDREW SETTLE, PRESIDENT
Phone
(812) 246-5416
Return prepared by
SHERMAN BARBER & MULLIKIN PC

Mission

TO PROVIDE CLEAN, POTABLE WATER TO THE MEMBERS OF THE CORPORATION.

990 for the year ended December 31, 2025

Program accomplishments

  • THE CORPORATION SOLD APPROXIMATELY 485,673,000 GALLONS OF WATER TO OVER 7,981 CUSTOMERS.
  • TO PROVIDE CLEAN, POTABLE WATER TO THE MEMBERS OF THE CORPORATION.

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-1125595
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$31,139,261
Income (IRS master file)
$6,967,352

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$6,948,213$3,195,088$31,139,261IRS
990December 2024$5,935,811$3,134,676$27,882,058XML
990December 2023$4,838,213$2,817,186$25,342,957XML
990December 2022$4,477,415$2,654,776$23,644,070IRS
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 35-1125595).

Questions about WATSON RURAL WATER COMPANY

What is the EIN of WATSON RURAL WATER COMPANY?
The employer identification number (EIN) of WATSON RURAL WATER COMPANY is 35-1125595.
Is WATSON RURAL WATER COMPANY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1968.
Are donations to WATSON RURAL WATER COMPANY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WATSON RURAL WATER COMPANY 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 WATSON RURAL WATER COMPANY due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WATSON RURAL WATER COMPANY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of WATSON RURAL WATER COMPANY?
The 990 for the year ended December 31, 2025 names ANDREW SETTLE.
Who are the officers and directors of WATSON RURAL WATER COMPANY?
The 990 for the year ended December 31, 2025 lists 9 people; 9 received compensation from the organization, the highest $8,140 (LEN ASHACK, SECRETARY).
How much revenue does WATSON RURAL WATER COMPANY have?
On its 990 for the year ended December 31, 2025 it reported revenue of $6,948,213, expenses of $3,195,088 and total assets of $31,139,261 at year end.

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