Mapleturn Utilities Inc

Martinsville, IN
Tax-exempt since July 1989
EIN: 35-1732031

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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

$816k (2024)

Expenses

$1M (2024)

Total Assets

$3.71M (2024)

Total Liabilities

$1.4M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings 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.

Fiscal Year Ending Dec.
2024

Revenue

$815,576

Expenses

$1,000,441

Net Income

-$184,865

Net Assets

$2,304,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$796,800	97.7%
Investment Income	$17,878	2.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$898	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$346,767	34.7%

Assets/Debt
Total Assets	$3,708,837
Total Liabilities	$1,404,290
Net Assets	$2,304,547

Club or Co-Op Income
Income From Members	$784,186
Income From Other Sources	$31,390

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent Garrison (Manager)	$60,068	$0	$0
Steve Edson (Member)	$0	$0	$0
Mike Bodine (Member)	$0	$0	$0
Mike Hinshaw (Board President)	$0	$0	$0
Phil Probst (Vice President)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0
Jim Ward (Secretary)	$0	$0	$0

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990

Filed on May 21, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$824,431

Expenses

$907,137

Net Income

-$82,706

Net Assets

$2,485,643

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$790,321	95.9%
Investment Income	$29,271	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,839	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$331,954	36.6%

Assets/Debt
Total Assets	$3,921,971
Total Liabilities	$1,436,328
Net Assets	$2,485,643

Club or Co-Op Income
Income From Members	$777,499
Income From Other Sources	$46,932

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent Garrison (Manager)	$71,771	$0	$0
Jim Ward (Member)	$0	$0	$0
Mike Bodine (Member)	$0	$0	$0
Mike Hinshaw (Board President)	$0	$0	$0
Phil Probst (Vice President)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0
Steve Edson (Secretary)	$0	$0	$0

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990

Filed on May 15, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$798,098

Expenses

$831,902

Net Income

-$33,804

Net Assets

$2,542,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$789,371	98.9%
Investment Income	$8,211	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$516	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$273,529	32.9%

Assets/Debt
Total Assets	$4,017,957
Total Liabilities	$1,475,141
Net Assets	$2,542,816

Club or Co-Op Income
Income From Members	$765,750
Income From Other Sources	$29,834

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Collins (Manager)	$67,160	$0	$0
Jim Ward (Member)	$0	$0	$0
Mike Bodine (Member)	$0	$0	$0
Mike Hinshaw (Board President)	$0	$0	$0
Phil Probst (Vice President)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0
Steve Edson (Secretary)	$0	$0	$0

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990

Filed on April 18, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$770,191

Expenses

$733,468

Net Income

$36,723

Net Assets

$2,541,699

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$768,635	99.8%
Investment Income	$198	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,358	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$238,783	32.6%

Assets/Debt
Total Assets	$4,043,049
Total Liabilities	$1,501,350
Net Assets	$2,541,699

Club or Co-Op Income
Income From Members	$759,470
Income From Other Sources	$10,721

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Collins (Manager)	$61,813	$0	$0
Mike Wheeler (Member)	$0	$0	$0
Larry Bryan (Member)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
Mike Hinshaw (Secretary)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0

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990

Filed on May 26, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$762,782

Expenses

$724,068

Net Income

$38,714

Net Assets

$2,494,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$762,124	99.9%
Investment Income	$576	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$82	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$238,444	32.9%

Assets/Debt
Total Assets	$4,028,605
Total Liabilities	$1,533,655
Net Assets	$2,494,950

Club or Co-Op Income
Income From Members	$754,725
Income From Other Sources	$8,057

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Collins (Manager)	$60,451	$0	$0
Mike Wheeler (Member)	$0	$0	$0
Larry Bryan (Member)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
Mike Hinshaw (Secretary)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0

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990

Filed on July 8, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$764,428

Expenses

$688,809

Net Income

$75,619

Net Assets

$2,433,190

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$752,523	98.4%
Investment Income	$320	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,585	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$200,964	29.2%

Assets/Debt
Total Assets	$4,009,473
Total Liabilities	$1,576,283
Net Assets	$2,433,190

Club or Co-Op Income
Income From Members	$756,627
Income From Other Sources	$7,801

Compensation

Key Employees and Officers	Compensation	Related	Other
Steve Collins (Manager)	$58,536	$0	$0
Mike Wheeler (Member)	$0	$0	$0
Larry Bryan (Member)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
Mike Hinshaw (Secretary)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0

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990

Filed on May 15, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$768,991

Expenses

$709,729

Net Income

$59,262

Net Assets

$2,353,913

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$763,364	99.3%
Investment Income	$296	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,331	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$209,804	29.6%

Assets/Debt
Total Assets	$3,946,213
Total Liabilities	$1,592,300
Net Assets	$2,353,913

Club or Co-Op Income
Income From Members	$761,214
Income From Other Sources	$7,777

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Wheeler (Member)	$0	$0	$0
Larry Bryan (Member)	$0	$0	$0
Steve Collins (Manager)	$0	$56,195	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
Mike Hinshaw (Secretary)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0

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990

Filed on April 30, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$693,530

Expenses

$707,030

Net Income

-$13,500

Net Assets

$2,290,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$692,941	99.9%
Investment Income	$264	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$325	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$218,399	30.9%

Assets/Debt
Total Assets	$3,902,608
Total Liabilities	$1,612,586
Net Assets	$2,290,022

Club or Co-Op Income
Income From Members	$685,785
Income From Other Sources	$7,745

Compensation

Key Employees and Officers	Compensation	Related	Other
Randall Gramentz (Manager)	$60,536	$0	$0
Mike Wheeler (Member)	$0	$0	$0
Larry Bryan (Member)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
Mike Hinshaw (Secretary)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0

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990

Filed on July 5, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$645,165

Expenses

$698,500

Net Income

-$53,335

Net Assets

$2,313,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$640,722	99.3%
Investment Income	$353	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,090	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$208,780	29.9%

Assets/Debt
Total Assets	$3,954,253
Total Liabilities	$1,640,540
Net Assets	$2,313,713

Club or Co-Op Income
Income From Members	$641,294
Income From Other Sources	$7,835

Compensation

Key Employees and Officers	Compensation	Related	Other
Mike Wheeler (Member)	$0	$0	$0
Larry Bryan (Member)	$0	$0	$0
Randall Gramentz (Manager)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
Gary Oaks (Secretary)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0

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990

Filed on May 10, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$631,342

Expenses

$692,855

Net Income

-$61,513

Net Assets

$2,362,301

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$630,362	99.8%
Investment Income	$310	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$670	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,543	10.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$142,594	20.6%

Assets/Debt
Total Assets	$4,034,751
Total Liabilities	$1,672,450
Net Assets	$2,362,301

Club or Co-Op Income
Income From Members	$612,663
Income From Other Sources	$7,768

Compensation

Key Employees and Officers	Compensation	Related	Other
Gary Oaks (Member)	$0	$0	$0
Kathryn Richards (Member)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
James Mcquire (Secretary)	$0	$0	$0
Brian Stremming (Treasurer)	$0	$0	$0

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990

Filed on May 13, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$620,409

Expenses

$736,486

Net Income

-$116,077

Net Assets

$2,401,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$620,089	99.9%
Investment Income	$320	0.1%
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	$71,682	9.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$134,343	18.2%

Assets/Debt
Total Assets	$4,105,722
Total Liabilities	$1,703,816
Net Assets	$2,401,906

Club or Co-Op Income
Income From Members	$612,514
Income From Other Sources	$7,894

Compensation

Key Employees and Officers	Compensation	Related	Other
Gary Oaks (Member)	$0	$0	$0
Kathryn Richards (Member)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Phil Porbst (Vice President)	$0	$0	$0
James Mcquire (Secretary)	$0	$0	$0
Preston Richards (Treasurer)	$0	$0	$0

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990

Filed on May 6, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$616,611

Expenses

$684,594

Net Income

-$67,983

Net Assets

$2,504,343

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$608,196	98.6%
Investment Income	$551	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,864	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$56,186	8.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$141,187	20.6%

Assets/Debt
Total Assets	$4,248,354
Total Liabilities	$1,744,011
Net Assets	$2,504,343

Club or Co-Op Income
Income From Members	$608,580
Income From Other Sources	$8,032

Compensation

Key Employees and Officers	Compensation	Related	Other
Phil Probst (Member)	$0	$0	$0
Rick Rubble (Member)	$0	$0	$0
Warren Waymire (Board President)	$0	$0	$0
Cavin Kelly (Vice President)	$0	$0	$0
James Mcquire (Secretary)	$0	$0	$0
Preston Richards (Treasurer)	$0	$0	$0

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990

Filed on May 8, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$640,273

Expenses

$652,110

Net Income

-$11,837

Net Assets

$2,504,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$632,018	98.7%
Investment Income	$634	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,621	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$67,658	10.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$125,583	19.3%

Assets/Debt
Total Assets	$4,244,810
Total Liabilities	$1,740,365
Net Assets	$2,504,445

Club or Co-Op Income
Income From Members	$632,158
Income From Other Sources	$8,115

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$586,831

Expenses

$550,117

Net Income

$36,714

Net Assets

$2,143,452

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$576,357	98.2%
Investment Income	$662	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,812	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$186,613	33.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,410,919
Total Liabilities	$1,267,467
Net Assets	$2,143,452

Club or Co-Op Income
Income From Members	$578,026
Income From Other Sources	$8,143

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Mapleturn Utilities Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $816k (2024)

Expenses $1M (2024)

Total Assets $3.71M (2024)

Total Liabilities $1.4M (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

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

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

Revenue

$816k (2024)

Expenses

$1M (2024)

Total Assets

$3.71M (2024)

Total Liabilities

$1.4M (2024)

Fiscal Year Ending Dec.
2024

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.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004