Nonprofit · EIN 61-0712154
GARRARD COUNTY WATER ASSOCIATION INC
Tax-exempt · LANCASTER, KY 40444
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,939,342 | $2,758,350 | $180,992 | $20,243,855 | $4,067,289 | $16,176,566 |
| December 31, 2023 | 990 | $3,784,741 | $2,411,435 | $1,373,306 | $19,866,531 | $3,889,244 | $15,977,287 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,700,805
- Investment income
- $235,226
- Net rental income
- $3,311
- Net gain from sales of assets
- $15,899
- Other revenue
- $3,311
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $147,591
- Other salaries and wages
- $346,366
- Salaries, compensation and benefits (total)
- $604,963
- Professional fundraising fees
- $0
- Legal fees
- $15,655
- Accounting fees
- $36,694
- Occupancy
- $31,354
- Travel
- $32,599
- Depreciation
- $572,362
Balance sheet and other
- Total assets, start of year
- $19,866,531
- Total assets, end of year
- $20,243,855
- Total liabilities, end of year
- $4,067,289
- Net assets, end of year
- $16,176,566
- Land, buildings and equipment
- $14,825,304
- Publicly traded securities
- $825,784
- Gross receipts
- $3,414,449
- Employees
- 15
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- KY
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEAN SMITH | BOARD MEMBER AND MANAGER Trustee or director, Officer | 40 | $96,000 | $20,091 |
| ROBERT BALLARD | BOARD MEMBER Trustee or director | 1 | $6,000 | $0 |
| JENNY LYNN WHITTAKER | SEC-TREASURER / BOARD MBR Trustee or director, Officer | 1 | $6,000 | $0 |
| BILLY DOOLIN | PRESIDENT / BOARD MEMBER Trustee or director, Officer | 1 | $6,000 | $0 |
| WILLIAM OLIVER | BOARD MEMBER Trustee or director | 1 | $5,500 | $0 |
| GARY CLARK | BOARD MEMBER Trustee or director | 1 | $4,400 | $0 |
| FELIX REYNOLDS | VICE PRES / BOARD MEMBER Trustee or director, Officer | 1 | $3,600 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SEAN SMITH | BOARD MEMBER AND MANAGER Trustee or director, Officer | 40 | $96,000 | $19,329 |
| WILLIAM OLIVER | BOARD MEMBER Trustee or director | 1 | $6,000 | $0 |
| JENNY LYNN WHITTAKER | SEC-TREASURER / BOARD MBR Trustee or director, Officer | 1 | $4,400 | $0 |
| BILLY DOOLIN | PRESIDENT / BOARD MEMBER Trustee or director, Officer | 1 | $4,400 | $0 |
| ROBERT BALLARD | BOARD MEMBER Trustee or director | 1 | $3,900 | $0 |
| FELIX REYNOLDS | VICE PRES / BOARD MEMBER Trustee or director, Officer | 1 | $3,600 | $0 |
| GARY CLARK | BOARD MEMBER Trustee or director | 1 | $3,600 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 670, LANCASTER, KY 40444-0670
- Principal officer (990 for 2024)
- SEAN SMITH, 315 LEXINGTON ROAD, LANCASTER, KY 40444
- Signed the 990
- SEAN SMITH, MANAGER
- Phone
- (859) 792-4501
- Website
- GARRARDWATER.COM
- Return prepared by
- ROBINSON HUGHES & CHRISTOPHER PSC
Mission
TO PROVIDE WATER SERVICE TO THE CITIZENS OF RURAL GARRARD COUNTY AND PARTS OF WESTERN MADISON COUNTY, NORTHERN LINCOLN COUNTY, AND WESTERN ROCKCASTLE COUNTY, KENTUCKY.
Program accomplishments
- PROVISION OF WATER SERVICE TO 6,244 RURAL RESIDENTIAL AND COMMERCIAL WATER CUSTOMERS.Expenses $2,758,350 · revenue $2,700,805
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 | Not 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
- 61-0712154
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,243,855
- Income (IRS master file)
- $3,414,449
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,939,342 | $2,758,350 | $20,243,855 | XML |
| 990 | December 2023 | $3,784,741 | $2,411,435 | $19,866,531 | XML |
| 990 | December 2022 | $2,655,995 | $2,356,315 | $15,899,437 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 61-0712154).
Questions about GARRARD COUNTY WATER ASSOCIATION INC
- What is the EIN of GARRARD COUNTY WATER ASSOCIATION INC?
- The employer identification number (EIN) of GARRARD COUNTY WATER ASSOCIATION INC is 61-0712154.
- Is GARRARD COUNTY WATER ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1972.
- Are donations to GARRARD COUNTY WATER ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GARRARD COUNTY WATER ASSOCIATION 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 GARRARD COUNTY WATER ASSOCIATION 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 GARRARD COUNTY WATER ASSOCIATION 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 GARRARD COUNTY WATER ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names SEAN SMITH.
- Who are the officers and directors of GARRARD COUNTY WATER ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 7 received compensation from the organization, the highest $96,000 (SEAN SMITH, BOARD MEMBER AND MANAGER).
- How much revenue does GARRARD COUNTY WATER ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,939,342, expenses of $2,758,350 and total assets of $20,243,855 at year end.
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