Nonprofit · EIN 46-2920155
LOGANSPORT WATER SYSTEM
Tax-exempt · BOONE, IA 50036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $103,931 | $120,997 | -$17,066 | $1,461,562 | $783,143 | $678,419 |
| December 31, 2024 | 990 | $98,532 | $128,519 | -$29,987 | $1,493,305 | $797,820 | $695,485 |
| December 31, 2023 | 990 | $93,456 | $119,304 | -$25,848 | $1,538,418 | $812,946 | $725,472 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,500
- Membership dues
- $3,500
- Program service revenue
- $94,798
- Investment income
- $4,712
- Other revenue
- $921
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $10,200
- Other salaries and wages
- $3,353
- Salaries, compensation and benefits (total)
- $14,330
- Professional fundraising fees
- $0
- Depreciation
- $56,789
- Program services (functional)
- $116,565
- Management and general (functional)
- $4,432
Balance sheet and other
- Total assets, start of year
- $1,493,305
- Total assets, end of year
- $1,461,562
- Total liabilities, end of year
- $783,143
- Net assets, end of year
- $678,419
- Land, buildings and equipment
- $1,135,884
- Net assets without donor restrictions
- $678,419
- Gross receipts
- $103,931
- Employees
- 4
- Year formed
- 2013
- State of legal domicile
- IA
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 |
|---|---|---|---|
| LOWELL GRAHAM | President Trustee or director, Officer | 15 | $4,548 |
| SUE HUDSON | Secretary/Treas Trustee or director, Officer | 8 | $4,223 |
| JOEL LINDAHL | Director Trustee or director | 5 | $1,429 |
| JEFF ASKEY | Director Trustee or director | 2 | $0 |
| CARL OHRTMAN | Vice President Trustee or director, Officer | 5 | $0 |
| TIM MORGAN | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOWELL GRAHAM | President Trustee or director, Officer | 15 | $4,548 |
| SUE HUDSON | Secretary/Treas Trustee or director, Officer | 8 | $4,223 |
| JOEL LINDAHL | Director Trustee or director | 5 | $779 |
| JEFF ASKEY | Director Trustee or director | 2 | $0 |
| CARL OHRTMAN | Vice President Trustee or director, Officer | 5 | $0 |
| TIM MORGAN | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LOWELL GRAHAM | President Trustee or director, Officer | 15 | $4,548 |
| SUE HUDSON | Secretary/Treas Trustee or director, Officer | 8 | $4,196 |
| JOEL LINDAHL | Director Trustee or director | 5 | $780 |
| JEFF ASKEY | Director Trustee or director | 2 | $0 |
| CARL OHRTMAN | Vice President Trustee or director, Officer | 5 | $0 |
| MARY OSBORNE | Director Trustee or director | 1 | $0 |
| TIM MORGAN | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1148 198TH RD, BOONE, IA 50036-7104
- Mailing address (990-N for 2015)
- 1122 198th Road, Boone IA 50036
- Principal officer (990 for 2025)
- LOWELL GRAHAM, 1148 198TH ROAD, BOONE, IA 50036
- Principal officer (990-N for 2015)
- Barb Albert, 1122 198th Rd, Boone IA 50036
- Signed the 990
- LOWELL GRAHAM, President
- Phone
- (515) 230-1790
- Return prepared by
- Houston & Seeman PC
Mission
THE ORGANIZATION'S PURPOSE IS TO PROVIDE WATER FOR RESIDENTIAL AND AGRICULTURAL PURPOSES IN THE LOGANSPORT, IOWA AREA.
Program accomplishments
- PROVIDING WATER FOR RESIDENTIAL AND AGRICULTURAL PURPOSES IN THE LOGANSPORT, IOWA AREA.Expenses $116,565 · revenue $94,798
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
- 46-2920155
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C32)
- Assets (IRS master file)
- $1,461,562
- Income (IRS master file)
- $103,931
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $103,931 | $120,997 | $1,461,562 | IRS |
| 990 | December 2024 | $98,532 | $128,519 | $1,493,305 | IRS |
| 990 | December 2023 | $93,456 | $119,304 | $1,538,418 | XML |
| 990 | December 2022 | $115,494 | $132,352 | $1,579,132 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Barb Albert | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
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 46-2920155).
Questions about LOGANSPORT WATER SYSTEM
- What is the EIN of LOGANSPORT WATER SYSTEM?
- The employer identification number (EIN) of LOGANSPORT WATER SYSTEM is 46-2920155.
- Is LOGANSPORT WATER SYSTEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2014.
- Are donations to LOGANSPORT WATER SYSTEM tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOGANSPORT WATER SYSTEM 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 LOGANSPORT WATER SYSTEM 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 LOGANSPORT WATER SYSTEM 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 LOGANSPORT WATER SYSTEM?
- The 990 for the year ended December 31, 2025 names LOWELL GRAHAM.
- Who are the officers and directors of LOGANSPORT WATER SYSTEM?
- The 990 for the year ended December 31, 2025 lists 6 people; 3 received compensation from the organization, the highest $4,548 (LOWELL GRAHAM, President).
- How much revenue does LOGANSPORT WATER SYSTEM have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $103,931, expenses of $120,997 and total assets of $1,461,562 at year end.
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