Nonprofit · EIN 35-1144643
B B WATER PROJECT INC
Tax-exempt · BLOOMINGTON, IN 47407
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,104,749 | $1,249,723 | -$144,974 | $1,331,293 | $496,322 | $834,971 |
| December 31, 2024 | 990 | $1,128,209 | $1,162,662 | -$34,453 | $1,590,429 | $614,513 | $975,916 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,102,529
- Investment income
- $2,220
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $20,305
- Salaries, compensation and benefits (total)
- $20,305
- Professional fundraising fees
- $0
- Legal fees
- $635
- Accounting fees
- $27,028
- Occupancy
- $18,000
- Depreciation
- $67,021
- Program services (functional)
- $1,195,794
- Management and general (functional)
- $53,929
Balance sheet and other
- Total assets, start of year
- $1,590,429
- Total assets, end of year
- $1,331,293
- Total liabilities, end of year
- $496,322
- Net assets, end of year
- $834,971
- Land, buildings and equipment
- $1,116,609
- Gross receipts
- $1,104,749
- Employees
- 0
- Year formed
- 1967
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY H UNDERWOOD | Treasurer Officer | 12 | $20,595 |
| DALE LISBY | President Officer | 10 | $5,840 |
| JAY FLOYD | Vice President Officer | 5 | $3,015 |
| ALAIN BOUVIER | Secretary Trustee or director, Officer | 8 | $2,270 |
| SCOTT MOORE | Director Trustee or director | 1 | $1,440 |
| JON RICHARDSON | Director Trustee or director | 1 | $1,440 |
| JODIE RICHARDSON | Director Trustee or director | 1 | $1,440 |
| BRAD BARROW | Director Trustee or director | 1 | $1,440 |
| DONALD G HOUSMAN | Director Trustee or director | 1 | $840 |
| BILLY E GILES | Director Trustee or director | 1 | $840 |
| ASHTON LISBY | Recording Secretary Trustee or director | 1 | $625 |
| ROSS M CHITWOOD | Director Trustee or director | 1 | $120 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFFREY H UNDERWOOD | Treasurer Officer | 12 | $10,445 |
| DALE LISBY | President Officer | 10 | $6,370 |
| JAY FLOYD | Vice President Officer | 5 | $3,770 |
| ALAIN BOUVIER | Secretary Trustee or director, Officer | 8 | $2,845 |
| BRIAN CROUCH | Secretary Trustee or director, Officer | 8 | $2,745 |
| SCOTT MOORE | Director Trustee or director | 1 | $1,420 |
| JON RICHARDSON | Director Trustee or director | 1 | $1,420 |
| JODIE RICHARDSON | Director Trustee or director | 1 | $1,420 |
| DONALD G HOUSMAN | Director Trustee or director | 1 | $1,420 |
| BRAD BARROW | Director Trustee or director | 1 | $600 |
Address and contacts
- Address (IRS master file)
- PO BOX 7287, BLOOMINGTON, IN 47407-7287
- In care of
- % ALAIN BOUVIER
- Principal officer (990 for 2025)
- Jeffrey Underwood CPA, 6372 E Cox Drive, Bloomington, IN 47408
- Signed the 990
- ALAIN BOUVIER, Secretary
- Phone
- (812) 332-0577
- Website
- bandbwaterproject.com
- Return prepared by
- Jeffrey H Underwood CPA
Mission
Provide treated drinking water to customers/members
Program accomplishments
- Provide drinking water to members/customers
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1144643
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,331,293
- Income (IRS master file)
- $1,104,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,104,749 | $1,249,723 | $1,331,293 | XML |
| 990 | December 2024 | $1,128,209 | $1,162,662 | $1,590,429 | XML |
| 990 | December 2023 | $869,728 | $1,015,604 | $1,147,293 | IRS |
| 990 | December 2022 | $790,879 | $905,678 | $1,308,690 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 35-1144643).
Questions about B B WATER PROJECT INC
- What is the EIN of B B WATER PROJECT INC?
- The employer identification number (EIN) of B B WATER PROJECT INC is 35-1144643.
- Is B B WATER PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1969.
- Are donations to B B WATER PROJECT INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does B B WATER PROJECT 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 B B WATER PROJECT INC 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 B B WATER PROJECT INC 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 B B WATER PROJECT INC?
- The 990 for the year ended December 31, 2025 names Jeffrey Underwood CPA.
- Who are the officers and directors of B B WATER PROJECT INC?
- The 990 for the year ended December 31, 2025 lists 12 people; 12 received compensation from the organization, the highest $20,595 (JEFFREY H UNDERWOOD, Treasurer).
- How much revenue does B B WATER PROJECT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,104,749, expenses of $1,249,723 and total assets of $1,331,293 at year end.
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