Lincoln County Rural Water Sys Inc

Sioux Falls, SD
Tax-exempt since Nov. 1974
EIN: 46-0314277

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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.

Details

An independent audit commissioned by this organization for the fiscal year ending Dec. 2024 identified:

Material weakness in internal controls

Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency could lead to failure to prevent or correct noncompliance with requirements.

Revenue

$4.34M (2024)

Expenses

$2.07M (2024)

Total Assets

$15.9M (2024)

Total Liabilities

$5.2M (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Revenue

$4,344,530

Expenses

$2,066,659

Net Income

$2,277,871

Net Assets

$10,663,735

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,548,152	35.6%
Program Services	$2,616,025	60.2%
Investment Income	$100,561	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$79,792	1.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$26,705	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$503,671	24.4%

Assets/Debt
Total Assets	$15,867,904
Total Liabilities	$5,204,169
Net Assets	$10,663,735

Club or Co-Op Income
Income From Members	$2,605,697
Income From Other Sources	$190,681

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Dykstra (Manager)	$127,298	$0	$0
Joe Burns (President)	$6,125	$0	$0
Larry Healy (Vice Preside)	$3,920	$0	$0
Dan Fink (Director)	$3,675	$0	$0
Trent Lubbers (Director)	$3,675	$0	$0
Otto Hagendorn (Sec/Treas)	$3,185	$0	$0
Chris Hofer (Director)	$3,185	$0	$0
Mike Perkinson (Director)	$2,940	$0	$0

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990

Filed on May 14, 2025

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

View Filing

Schedules ▼

XML

Audit

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

PDF

This audit found:

Material weakness in internal controls

Fiscal Year Ending Dec.
2023

Revenue

$2,578,121

Expenses

$2,004,758

Net Income

$573,363

Net Assets

$8,385,864

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,570,137	99.7%
Investment Income	$67,471	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$59,487
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$25,380	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$437,875	21.8%

Assets/Debt
Total Assets	$13,041,210
Total Liabilities	$4,655,346
Net Assets	$8,385,864

Club or Co-Op Income
Income From Members	$2,420,725
Income From Other Sources	$157,397

Compensation

Key Employees and Officers	Compensation	Related	Other
Robin Dykstra (Manager)	$112,937	$0	$0
Joe Burns (President)	$4,935	$0	$0
Larry Healy (Vice Preside)	$4,230	$0	$0
Dan Fink (Director)	$3,995	$0	$0
Otto Hagendorn (Sec/Treas)	$3,525	$0	$0
Trent Lubbers (Director)	$3,055	$0	$0
Mike Perkinson (Director)	$2,820	$0	$0
Chris Hofer (Director)	$2,820	$0	$0

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990

Filed on June 24, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$2,804,145

Expenses

$1,840,717

Net Income

$963,428

Net Assets

$7,812,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,307,304	82.3%
Investment Income	$5,247	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$491,594	17.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$26,555	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$411,354	22.3%

Assets/Debt
Total Assets	$12,673,819
Total Liabilities	$4,861,318
Net Assets	$7,812,501

Club or Co-Op Income
Income From Members	$2,679,812
Income From Other Sources	$124,332

Compensation

Key Employees and Officers	Compensation	Related	Other
Joe Burns (President)	$4,700	$0	$0
Dan Fink (Director)	$4,700	$0	$0
Larry Healy (Vice Preside)	$3,995	$0	$0
Roger Lamp (Director)	$3,995	$0	$0
Otto Hagendorn (Sec/Treas)	$3,290	$0	$0
Mike Perkinson (Director)	$3,055	$0	$0
Chris Hofer (Director)	$2,820	$0	$0

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990

Filed on May 18, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$2,074,962

Expenses

$1,638,321

Net Income

$436,641

Net Assets

$6,849,069

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,062,099	99.4%
Investment Income	$12,863	0.6%
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	$27,225	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$341,972	20.9%

Assets/Debt
Total Assets	$11,952,006
Total Liabilities	$5,102,937
Net Assets	$6,849,069

Club or Co-Op Income
Income From Members	$1,902,284
Income From Other Sources	$172,677

Compensation

Key Employees and Officers	Compensation	Related	Other
Joe Burns (President)	$4,950	$0	$0
Dan Fink (Director)	$4,050	$0	$0
Otto Hagendorn (Sec/Treas)	$4,050	$0	$0
Chris Hofer (Director)	$3,600	$0	$0
Roger Lamp (Director)	$3,600	$0	$0
Larry Healy (Vice Preside)	$3,600	$0	$0
Mike Perkinson (Director)	$3,375	$0	$0

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990

Filed on May 24, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$2,205,334

Expenses

$1,615,795

Net Income

$589,539

Net Assets

$6,412,428

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,983,280	89.9%
Investment Income	$25,892	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$196,162	8.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$25,080	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$329,775	20.4%

Assets/Debt
Total Assets	$11,698,264
Total Liabilities	$5,285,836
Net Assets	$6,412,428

Club or Co-Op Income
Income From Members	$1,878,534
Income From Other Sources	$326,801

Compensation

Key Employees and Officers	Compensation	Related	Other
Joe Burns (President)	$4,840	$0	$0
Mike Perkinson (Director)	$3,740	$0	$0
Roger Lamp (Director)	$3,520	$0	$0
Otto Hagendorn (Sec/Treas)	$3,520	$0	$0
Chris Hofer (Director)	$3,300	$0	$0
Dan Fink (Director)	$3,080	$0	$0
Larry Healy (Vice Preside)	$3,080	$0	$0

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990

Filed on May 14, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$1,675,952

Expenses

$1,425,924

Net Income

$250,028

Net Assets

$5,822,889

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,675,952	100%
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	$23,310	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$293,900	20.6%

Assets/Debt
Total Assets	$10,486,760
Total Liabilities	$4,663,871
Net Assets	$5,822,889

Club or Co-Op Income
Income From Members	$1,583,937
Income From Other Sources	$131,090

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$1,662,331

Expenses

$1,494,718

Net Income

$167,613

Net Assets

$5,533,785

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,632,508	98.2%
Investment Income	$29,823	1.8%
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	$33,400	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$314,369	21.0%

Assets/Debt
Total Assets	$10,385,975
Total Liabilities	$4,852,190
Net Assets	$5,533,785

Club or Co-Op Income
Income From Members	$1,553,745
Income From Other Sources	$108,586

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$1,775,506

Expenses

$1,903,031

Net Income

-$127,525

Net Assets

$5,366,170

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,754,100	98.8%
Investment Income	$15,106	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,300	0.4%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$23,940	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$285,211	15.0%

Assets/Debt
Total Assets	$10,355,262
Total Liabilities	$4,989,092
Net Assets	$5,366,170

Club or Co-Op Income
Income From Members	$1,667,300
Income From Other Sources	$101,906

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$1,629,896

Expenses

$1,749,849

Net Income

-$119,953

Net Assets

$5,493,697

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,624,464	99.7%
Investment Income	$5,432	0.3%
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	$32,230	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$240,069	13.7%

Assets/Debt
Total Assets	$10,620,813
Total Liabilities	$5,127,116
Net Assets	$5,493,697

Club or Co-Op Income
Income From Members	$1,538,214
Income From Other Sources	$91,683

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$2,492,659

Expenses

$1,799,975

Net Income

$692,684

Net Assets

$5,613,651

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,363,913	94.8%
Investment Income	$6,469	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$122,277	4.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$24,740	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$252,075	14.0%

Assets/Debt
Total Assets	$10,876,342
Total Liabilities	$5,262,691
Net Assets	$5,613,651

Club or Co-Op Income
Income From Members	$1,574,164
Income From Other Sources	$796,219

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,489,324

Expenses

$1,402,106

Net Income

$87,218

Net Assets

$4,920,967

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,483,658	99.6%
Investment Income	$5,666	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	$26,895	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$234,413	16.7%

Assets/Debt
Total Assets	$10,389,785
Total Liabilities	$5,468,818
Net Assets	$4,920,967

Club or Co-Op Income
Income From Members	$1,483,659
Income From Other Sources	$5,666

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$1,449,639

Expenses

$1,458,074

Net Income

-$8,435

Net Assets

$4,833,749

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,444,713	99.7%
Investment Income	$4,926	0.3%
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	$23,870	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$231,990	15.9%

Assets/Debt
Total Assets	$10,476,760
Total Liabilities	$5,643,011
Net Assets	$4,833,749

Club or Co-Op Income
Income From Members	$1,444,713
Income From Other Sources	$4,926

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,452,841

Expenses

$1,366,267

Net Income

$86,574

Net Assets

$4,842,184

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,447,099	99.6%
Investment Income	$5,742	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	$26,505	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$235,122	17.2%

Assets/Debt
Total Assets	$10,991,940
Total Liabilities	$6,149,756
Net Assets	$4,842,184

Club or Co-Op Income
Income From Members	$1,447,099
Income From Other Sources	$5,742

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,331,506

Expenses

$1,149,931

Net Income

$181,575

Net Assets

$4,755,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,321,322	99.2%
Investment Income	$10,184	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	$22,700	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$210,298	18.3%

Assets/Debt
Total Assets	$9,191,171
Total Liabilities	$4,435,561
Net Assets	$4,755,610

Club or Co-Op Income
Income From Members	$1,321,323
Income From Other Sources	$10,184

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

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Updated December 22, 2025

Lincoln County Rural Water Sys Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $4.34M (2024)

Expenses $2.07M (2024)

Total Assets $15.9M (2024)

Total Liabilities $5.2M (2024)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

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

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

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

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

Revenue

$4.34M (2024)

Expenses

$2.07M (2024)

Total Assets

$15.9M (2024)

Total Liabilities

$5.2M (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.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005