Floyds Knobs Water Company Inc

Floyds Knobs, IN
Tax-exempt since Oct. 1971
EIN: 35-1103388

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$1.93M (2023)

Expenses

$1.71M (2023)

Total Assets

$10.7M (2023)

Total Liabilities

$7.47M (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

Revenue

$1,934,687

Expenses

$1,709,666

Net Income

$225,021

Net Assets

$3,204,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,914,138	98.9%
Investment Income	$20,549	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$87,059	5.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$154,655	9.0%

Assets/Debt
Total Assets	$10,670,009
Total Liabilities	$7,465,974
Net Assets	$3,204,035

Club or Co-Op Income
Income From Members	$1,914,138
Income From Other Sources	$20,549

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Standiford (General Manager)	$74,709	$0	$0
Rick Morgan (President)	$4,200	$0	$0
Gayle Pearl (Secretary/Treasurer)	$1,625	$0	$0
Mike Shearer (Vice President)	$1,625	$0	$0
David Cull (Director)	$1,300	$0	$0
Kirk Shaffer (Director)	$1,200	$0	$0
Ryan Pfeifer (Director)	$1,200	$0	$0
Mark Ammons (Director)	$1,200	$0	$0

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990

Filed on Oct. 10, 2024

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

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Schedules ▼

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Fiscal Year Ending Dec.
2022

Revenue

$1,999,888

Expenses

$1,871,063

Net Income

$128,825

Net Assets

$2,976,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,993,029	99.7%
Investment Income	$4,859	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$2,000	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$80,120	4.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$132,113	7.1%

Assets/Debt
Total Assets	$9,905,061
Total Liabilities	$6,928,847
Net Assets	$2,976,214

Club or Co-Op Income
Income From Members	$1,993,029
Income From Other Sources	$6,859

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Standiford (General Manager)	$66,305	$0	$1,989
Rick Morgan (President)	$3,500	$0	$0
Mike Shearer (Vice President)	$2,000	$0	$0
Gayle Pearl (Secretary/Treasurer)	$1,625	$0	$0
David Cull (Director)	$1,200	$0	$0
Ryan Pfeifer (Director)	$1,200	$0	$0
Mark Ammons (Director)	$1,200	$0	$0
Kirk Shaffer (Director)	$1,100	$0	$0

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990

Filed on Nov. 10, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$1,916,923

Expenses

$1,699,186

Net Income

$217,737

Net Assets

$2,845,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,916,619	100.0%
Investment Income	$304	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$78,465	4.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$102,793	6.0%

Assets/Debt
Total Assets	$10,007,023
Total Liabilities	$7,161,734
Net Assets	$2,845,289

Club or Co-Op Income
Income From Members	$1,916,619
Income From Other Sources	$304

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Standiford (General Manager)	$64,141	$0	$1,924
Rick Morgan (President)	$2,975	$0	$0
Gayle Pearl (Secretary/Treasurer)	$2,000	$0	$0
Kirk Shaffer (Director)	$1,700	$0	$0
David Cull (Director)	$1,700	$0	$0
Mike Shearer (Director)	$1,625	$0	$0
Ryan Pfeifer (Director)	$1,200	$0	$0
Mark Ammons (Director)	$1,200	$0	$0

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990

Filed on Nov. 15, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$1,917,935

Expenses

$1,597,136

Net Income

$320,799

Net Assets

$2,624,052

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,910,760	99.6%
Investment Income	$2,175	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,000	0.3%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$84,215	5.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,654	6.1%

Assets/Debt
Total Assets	$9,767,818
Total Liabilities	$7,143,766
Net Assets	$2,624,052

Club or Co-Op Income
Income From Members	$1,910,760
Income From Other Sources	$7,175

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Standiford (General Manager)	$70,427	$0	$2,113
Rick Morgan (President)	$3,150	$0	$0
Gayle Pearl (Secretary/Treasurer)	$2,000	$0	$0
Mike Shearer (Director)	$1,625	$0	$0
Ryan Pfeifer (Director)	$1,300	$0	$0
Kirk Shaffer (Director)	$1,200	$0	$0
David Cull (Director)	$1,200	$0	$0
Mark Ammons (Director)	$1,200	$0	$0

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990

Filed on Sept. 21, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$1,766,022

Expenses

$1,464,995

Net Income

$301,027

Net Assets

$2,301,553

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,758,462	99.6%
Investment Income	$7,560	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$77,118	5.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$85,638	5.8%

Assets/Debt
Total Assets	$9,653,178
Total Liabilities	$7,351,625
Net Assets	$2,301,553

Club or Co-Op Income
Income From Members	$1,758,462
Income From Other Sources	$7,560

Compensation

Key Employees and Officers	Compensation	Related	Other
Danny Standiford (General Manager)	$65,443	$0	$0
Rick Morgan (President)	$3,150	$0	$0
Gayle Pearl (Secretary/Treasurer)	$2,000	$0	$0
Mike Shearer (Director)	$1,625	$0	$0
Ryan Pfeifer (Director)	$1,300	$0	$0
Kirk Shaffer (Director)	$1,200	$0	$0
David Cull (Director)	$1,200	$0	$0
Mark Ammons (Director)	$1,200	$0	$0

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990

Filed on Oct. 8, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

Expenses

Net Income

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
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	$0
Total Liabilities	$0
Net Assets	$0

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2017

Revenue

$1,671,369

Expenses

$1,492,444

Net Income

$178,925

Net Assets

$4,981,028

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,669,115	99.9%
Investment Income	$1,754	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$500	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$13,600	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$128,050	8.6%

Assets/Debt
Total Assets	$9,730,041
Total Liabilities	$4,749,013
Net Assets	$4,981,028

Club or Co-Op Income
Income From Members	$1,669,115
Income From Other Sources	$3,468

Compensation

Key Employees and Officers	Compensation	Related	Other
C Rick Morgan (President)	$5,950	$0	$0
Mike Shearer (Vice Preside)	$1,500	$0	$0
Gayle S Pearl (Director)	$1,300	$0	$0
Kirk Shaffer (Director)	$1,300	$0	$0
Berneta L Stillman (Secretary/Tr)	$1,250	$0	$0
David Cull (Director)	$1,200	$0	$0
Ryan Pfeifer (Director)	$1,100	$0	$0

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990

Filed on May 14, 2018

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

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XML

Audit

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,459,174

Expenses

$1,206,661

Net Income

$252,513

Net Assets

$4,802,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,458,645	100.0%
Investment Income	$529	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,650	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$112,864	9.4%

Assets/Debt
Total Assets	$8,982,728
Total Liabilities	$4,180,625
Net Assets	$4,802,103

Club or Co-Op Income
Income From Members	$1,458,645
Income From Other Sources	$529

Compensation

Key Employees and Officers	Compensation	Related	Other
C Rick Morgan (President)	$7,525	$0	$0
Mike Banet (Vice Preside)	$3,250	$0	$0
David Cull (Director)	$1,800	$0	$0
Gayle S Pearl (Director)	$1,400	$0	$0
Mike Shearer (Director)	$1,400	$0	$0
Kirk Shaffer (Director)	$1,200	$0	$0
Berneta L Stillman (Secretary/Tr)	$875	$0	$0

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990

Filed on May 8, 2017

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

View Filing

Schedules ▼

PDF XML

Audit

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$1,353,342

Expenses

$1,121,308

Net Income

$232,034

Net Assets

$4,549,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,353,210	100.0%
Investment Income	$132	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,000	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$108,505	9.7%

Assets/Debt
Total Assets	$7,904,910
Total Liabilities	$3,355,320
Net Assets	$4,549,590

Club or Co-Op Income
Income From Members	$1,353,210
Income From Other Sources	$132

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

Revenue

$1,096,700

Expenses

$1,162,886

Net Income

-$66,186

Net Assets

$4,317,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,096,215	100.0%
Investment Income	$747	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$262
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$13,975	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$99,474	8.6%

Assets/Debt
Total Assets	$4,390,417
Total Liabilities	$72,861
Net Assets	$4,317,556

Club or Co-Op Income
Income From Members	$1,096,215
Income From Other Sources	$747

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,119,223

Expenses

$1,105,395

Net Income

$13,828

Net Assets

$4,383,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,114,773	99.6%
Investment Income	$4,450	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$15,300	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$92,695	8.4%

Assets/Debt
Total Assets	$4,773,899
Total Liabilities	$390,611
Net Assets	$4,383,288

Club or Co-Op Income
Income From Members	$1,114,773
Income From Other Sources	$4,450

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,123,078

Expenses

$1,107,358

Net Income

$15,720

Net Assets

$4,371,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,117,871	99.5%
Investment Income	$5,207	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$12,850	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$91,127	8.2%

Assets/Debt
Total Assets	$4,412,846
Total Liabilities	$41,500
Net Assets	$4,371,346

Club or Co-Op Income
Income From Members	$1,117,871
Income From Other Sources	$5,207

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,023,513

Expenses

$1,027,515

Net Income

-$4,002

Net Assets

$4,352,623

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,015,453	99.2%
Investment Income	$8,060	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,825	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$99,134	9.6%

Assets/Debt
Total Assets	$4,490,128
Total Liabilities	$137,505
Net Assets	$4,352,623

Club or Co-Op Income
Income From Members	$1,015,453
Income From Other Sources	$8,060

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 »

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Updated December 20, 2024

Floyds Knobs Water Company Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.93M (2023)

Expenses $1.71M (2023)

Total Assets $10.7M (2023)

Total Liabilities $7.47M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audit

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$1.93M (2023)

Expenses

$1.71M (2023)

Total Assets

$10.7M (2023)

Total Liabilities

$7.47M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004