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North Shelby Water Co

  • Bagdad, KY
  • Tax-exempt since July 1973
  • EIN: 23-7115869

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$2.81M (2023)

Expenses
$2.46M (2023)

Total Assets
$23.3M (2023)

Total Liabilities
$10.6M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,808,390
Expenses
$2,457,993
Net Income
$350,397
Net Assets
$12,731,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $434,089
15.5%
Investment Income $117,575
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $23,373
0.8%
Net Inventory Sales $2,233,353
79.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $490,866
20.0%
Assets/Debt
Total Assets $23,283,406
Total Liabilities $10,552,280
Net Assets $12,731,126
Club or Co-Op Income
Income From Members $3,874,638
Income From Other Sources $434,734
Compensation
Key Employees and Officers Compensation Related Other
Bryan Franklin (President) $12,100 $0 $0
John Mcginnis Iii (Secretary/Treas) $6,000 $0 $0
Kevin Armstrong (Commissioner) $3,700 $0 $0
Howard Young (Commissioner) $3,600 $0 $0
Herbert Mccoun (Commissioner) $3,600 $0 $0
Jim Smith (Commissioner) $3,600 $0 $0
James Anglin (Commissioner) $3,400 $0 $0
Charles Doane (Commissioner) $3,300 $0 $0
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Document Links

990
Filed on Oct. 22, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,632,170
Expenses
$2,598,065
Net Income
$34,105
Net Assets
$12,380,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $436,616
16.6%
Investment Income $37,923
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,157,631
82.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $39,900
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $499,494
19.2%
Assets/Debt
Total Assets $23,557,806
Total Liabilities $11,177,077
Net Assets $12,380,729
Club or Co-Op Income
Income From Members $3,712,879
Income From Other Sources $306,015
Compensation
Key Employees and Officers Compensation Related Other
Bryan Franklin (President) $12,200 $0 $0
John Mcginnis Iii (Secretary/Treas) $6,200 $0 $0
Herbert Mccoun (Commissioner) $3,800 $0 $0
James Anglin (Commissioner) $3,700 $0 $0
Kevin Armstrong (Commissioner) $3,700 $0 $0
Charles Doane (Commissioner) $3,700 $0 $0
Howard Young (Commissioner) $3,500 $0 $0
Jim Smith (Commissioner) $3,100 $0 $0
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Document Links

990
Filed on Nov. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,711,885
Expenses
$2,591,665
Net Income
$120,220
Net Assets
$12,346,624
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $512,755
18.9%
Investment Income $13,965
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $35,445
1.3%
Net Inventory Sales $2,149,720
79.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,400
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $492,876
19.0%
Assets/Debt
Total Assets $23,361,275
Total Liabilities $11,014,651
Net Assets $12,346,624
Club or Co-Op Income
Income From Members $3,662,500
Income From Other Sources $311,546
Compensation
Key Employees and Officers Compensation Related Other
Bryan Franklin (President) $12,100 $0 $0
John Mcginnis Iii (Secretary/Treas) $6,000 $0 $0
James Anglin (Commissioner) $3,800 $0 $0
Kevin Armstrong (Commissioner) $3,800 $0 $0
Jim Smith (Commissioner) $3,800 $0 $0
Herbert Mccoun (Commissioner) $3,600 $0 $0
Charles Doane (Commissioner) $1,800 $0 $0
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Document Links

990
Filed on Aug. 19, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,418,011
Expenses
$2,448,976
Net Income
-$30,965
Net Assets
$12,226,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $358,721
14.8%
Investment Income $26,829
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,032,461
84.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $28,700
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $453,920
18.5%
Assets/Debt
Total Assets $23,103,327
Total Liabilities $10,876,923
Net Assets $12,226,404
Club or Co-Op Income
Income From Members $3,401,583
Income From Other Sources $264,293
Compensation
Key Employees and Officers Compensation Related Other
Jerry Ruble Deceased 1020 (Commissioner) $7,200 $0 $0
John Mcginnis Iii (Secretary/Treas) $4,200 $0 $0
Bryan Franklin (President) $3,900 $0 $0
Kevin Armstrong (Commissioner) $2,800 $0 $0
James Anglin (Commissioner) $2,700 $0 $0
Lloyd Eades (Commissioner) $2,700 $0 $0
Herbert Mccoun (Commissioner) $2,700 $0 $0
Jim Smith (Commissioner) $2,500 $0 $0
+ View more people

Document Links

990
Filed on June 24, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,215,671
Expenses
$2,367,031
Net Income
$848,640
Net Assets
$12,257,369
Notable Sources of Revenue Percent of Total Revenue
Contributions $742,065
23.1%
Program Services $387,977
12.1%
Investment Income $35,756
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$37,753
Net Inventory Sales $2,087,626
64.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $37,800
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $388,154
16.4%
Assets/Debt
Total Assets $22,712,557
Total Liabilities $10,455,188
Net Assets $12,257,369
Club or Co-Op Income
Income From Members $4,189,451
Income From Other Sources $255,292

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,520,113
Expenses
$2,149,281
Net Income
$370,832
Net Assets
$11,408,729
Notable Sources of Revenue Percent of Total Revenue
Contributions $232,562
9.2%
Program Services $371,408
14.7%
Investment Income $6,782
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,560
0.1%
Net Inventory Sales $1,905,801
75.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $37,400
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $383,441
17.8%
Assets/Debt
Total Assets $22,620,048
Total Liabilities $11,211,319
Net Assets $11,408,729
Club or Co-Op Income
Income From Members $3,361,809
Income From Other Sources $219,995

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,063,274
Expenses
$1,999,972
Net Income
$63,302
Net Assets
$11,351,378
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $396,126
19.2%
Investment Income $5,286
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$98,667
Net Inventory Sales $1,760,529
85.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $34,200
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $369,216
18.5%
Assets/Debt
Total Assets $19,544,662
Total Liabilities $8,193,284
Net Assets $11,351,378
Club or Co-Op Income
Income From Members $2,966,663
Income From Other Sources $216,811

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,230,042
Expenses
$1,969,199
Net Income
$260,843
Net Assets
$11,288,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $270,357
12.1%
Program Services $318,506
14.3%
Investment Income $5,006
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,500
0.7%
Net Inventory Sales $1,621,673
72.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,800
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $372,624
18.9%
Assets/Debt
Total Assets $18,500,969
Total Liabilities $7,212,893
Net Assets $11,288,076
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF
This audit found:
Significant deficiency in internal controls

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,810,549
Expenses
$1,777,056
Net Income
$33,493
Net Assets
$10,975,233
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,500
0.2%
Program Services $319,978
17.7%
Investment Income $4,843
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,482,228
81.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,411,352
Total Liabilities $5,436,119
Net Assets $10,975,233
Club or Co-Op Income
Income From Members $2,575,535
Income From Other Sources $193,467

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,713,439
Expenses
$1,628,912
Net Income
$84,527
Net Assets
$11,546,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $68,350
4.0%
Program Services $308,241
18.0%
Investment Income $4,562
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,304
0.5%
Net Inventory Sales $1,323,982
77.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,600
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $348,450
21.4%
Assets/Debt
Total Assets $15,791,312
Total Liabilities $4,245,206
Net Assets $11,546,106
Club or Co-Op Income
Income From Members $2,423,745
Income From Other Sources $189,642

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,664,934
Expenses
$1,534,009
Net Income
$130,925
Net Assets
$11,461,579
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,905
0.5%
Program Services $272,585
16.4%
Investment Income $6,594
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,685
0.5%
Net Inventory Sales $1,368,165
82.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,700
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $333,733
21.8%
Assets/Debt
Total Assets $13,917,848
Total Liabilities $2,456,269
Net Assets $11,461,579
Club or Co-Op Income
Income From Members $2,336,603
Income From Other Sources $200,631

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,599,793
Expenses
$1,502,656
Net Income
$97,137
Net Assets
$11,330,654
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,137
0.3%
Program Services $251,440
15.7%
Investment Income $8,599
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$16,797
Net Inventory Sales $1,351,414
84.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,150
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $315,761
21.0%
Assets/Debt
Total Assets $12,886,540
Total Liabilities $1,555,886
Net Assets $11,330,654
Club or Co-Op Income
Income From Members $2,281,193
Income From Other Sources $190,056

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,693,375
Expenses
$1,482,447
Net Income
$210,928
Net Assets
$11,233,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $94,863
5.6%
Program Services $248,242
14.7%
Investment Income $7,826
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $41,143
2.4%
Net Inventory Sales $1,301,301
76.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $44,250
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $293,982
19.8%
Assets/Debt
Total Assets $12,758,227
Total Liabilities $1,524,710
Net Assets $11,233,517
Club or Co-Op Income
Income From Members $2,217,521
Income From Other Sources $338,234

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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