Modern Electric Water Company Inc
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.
Details
According to its Sept. 2023 tax filing, this nonprofit:
Summary charts: organization finances over time
Revenue $21.8M (2023)
Expenses $16.9M (2023)
Total Assets $69.8M (2023)
Total Liabilities $1.72M (2023)
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 Sept.
2023
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $19,574,713 |
89.9%
|
Investment Income | $939,061 |
4.3%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $88,833 |
0.4%
|
Net Fundraising | $0 | |
Sales of Assets | $1,071,853 |
4.9%
|
Net Inventory Sales | $0 | |
Other Revenue | $110,705 |
0.5%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $687,550 |
4.1%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $1,558,481 |
9.2%
|
Assets/Debt | ||
---|---|---|
Total Assets | $69,757,409 | |
Total Liabilities | $1,721,783 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $19,563,777 | |
Income From Other Sources | $2,099,747 |
Other
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Joe Morgan (General Manager) | $285,483 | $0 | $41,382 |
John Mcfeely (Engineering Manager) | $158,276 | $0 | $21,540 |
Darlene Albi (Customer Service Manager) | $147,196 | $0 | $15,939 |
Document Links
990
Filed on Aug. 15, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2022
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $892,330 |
17.0%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $11,384 |
0.2%
|
Net Fundraising | $0 | |
Sales of Assets | $1,036,561 |
19.7%
|
Net Inventory Sales | $3,268,568 |
62.2%
|
Other Revenue | $44,700 |
0.9%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $326,233 |
10.5%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $803,974 |
26.0%
|
Assets/Debt | ||
---|---|---|
Total Assets | $60,070,028 | |
Total Liabilities | $1,745,994 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $17,921,301 | |
Income From Other Sources | $2,047,741 |
Other
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Joe Morgan (General Mana) | $285,483 | $0 | $0 |
John Mcfeely (Engineering) | $158,276 | $0 | $0 |
Dave Thompson (Board Presid) | $10,350 | $0 | $0 |
Document Links
990
Filed on March 3, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2021
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $768,385 |
15.9%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $14,820 |
0.3%
|
Net Fundraising | $0 | |
Sales of Assets | $1,161,149 |
24.1%
|
Net Inventory Sales | $2,824,745 |
58.6%
|
Other Revenue | $50,020 |
1.0%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $323,838 |
11.4%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $687,895 |
24.3%
|
Assets/Debt | ||
---|---|---|
Total Assets | $66,775,926 | |
Total Liabilities | $2,883,447 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $17,709,764 | |
Income From Other Sources | $2,051,183 |
Other
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Joe Morgan (General Mana) | $275,988 | $0 | $0 |
John Mcfeely (Engineering) | $179,821 | $0 | $0 |
Dave Thompson (Board Presid) | $12,700 | $0 | $0 |
Document Links
990
Filed on Feb. 14, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2020
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $951,318 |
32.7%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $35,065 |
1.2%
|
Net Fundraising | $0 | |
Sales of Assets | $346,627 |
11.9%
|
Net Inventory Sales | $1,555,710 |
53.4%
|
Other Revenue | $24,143 |
0.8%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $282,617 |
10.4%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $674,214 |
24.8%
|
Assets/Debt | ||
---|---|---|
Total Assets | $60,057,555 | |
Total Liabilities | $4,149,675 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $16,407,630 | |
Income From Other Sources | $1,366,517 |
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Joe Morgan (General Mana) | $246,817 | $0 | $0 |
Scott Hislop (Board Direct) | $8,200 | $0 | $0 |
Dave Thompson (Board Presid) | $7,700 | $0 | $0 |
Document Links
990
Filed on Feb. 12, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2019
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $1,068,681 |
22.7%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $42,300 |
0.9%
|
Net Fundraising | $0 | |
Sales of Assets | $674,474 |
14.3%
|
Net Inventory Sales | $2,886,294 |
61.4%
|
Other Revenue | $31,377 |
0.7%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $274,285 |
10.2%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $631,026 |
23.5%
|
Assets/Debt | ||
---|---|---|
Total Assets | $58,792,416 | |
Total Liabilities | $3,466,505 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $17,179,752 | |
Income From Other Sources | $1,816,832 |
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Joe Morgan (General Mana) | $232,585 | $0 | $0 |
Sam Waldron (Board Secr./) | $9,900 | $0 | $0 |
Dave Thompson (Board Presid) | $9,600 | $0 | $0 |
Document Links
990
Filed on Feb. 18, 2020Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2018
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $1,026,914 |
22.7%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $42,300 |
0.9%
|
Net Fundraising | $0 | |
Sales of Assets | $1,178,223 |
26.0%
|
Net Inventory Sales | $2,248,282 |
49.6%
|
Other Revenue | $33,598 |
0.7%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $252,305 |
10.0%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $597,501 |
23.7%
|
Assets/Debt | ||
---|---|---|
Total Assets | $57,242,028 | |
Total Liabilities | $2,445,196 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $16,501,472 | |
Income From Other Sources | $2,281,036 |
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Joe Morgan (General Mana) | $214,855 | $0 | $0 |
Sam Waldron (Board Secr./) | $10,150 | $0 | $0 |
Dave Thompson (Board Presid) | $8,400 | $0 | $0 |
Document Links
990
Filed on March 7, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2017
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $875,049 |
22.6%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $42,300 |
1.1%
|
Net Fundraising | $0 | |
Sales of Assets | $174,362 |
4.5%
|
Net Inventory Sales | $2,761,091 |
71.2%
|
Other Revenue | $24,384 |
0.6%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $236,664 |
9.5%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $643,294 |
25.9%
|
Assets/Debt | ||
---|---|---|
Total Assets | $56,613,798 | |
Total Liabilities | $3,722,880 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $16,577,805 | |
Income From Other Sources | $1,116,095 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2016
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $944,101 |
30.8%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $35,100 |
1.1%
|
Net Fundraising | $0 | |
Sales of Assets | -$465,544 | |
Net Inventory Sales | $2,515,067 |
82.0%
|
Other Revenue | $39,701 |
1.3%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $218,009 |
9.0%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $636,188 |
26.4%
|
Assets/Debt | ||
---|---|---|
Total Assets | $52,266,038 | |
Total Liabilities | $3,285,758 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $15,475,755 | |
Income From Other Sources | $553,359 |
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Joe Morgan (General Manager) | $177,159 | $0 | $0 |
Mike Baker (General Manager) | $140,155 | $0 | $0 |
Dave Thompson (President) | $13,200 | $0 | $0 |
Document Links
990
Filed on Feb. 27, 2017Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2015
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $1,135,821 |
30.5%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $33,175 |
0.9%
|
Net Fundraising | $0 | |
Sales of Assets | $406,071 |
10.9%
|
Net Inventory Sales | $2,112,232 |
56.7%
|
Other Revenue | $40,803 |
1.1%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $38,000 |
1.8%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $719,097 |
33.2%
|
Assets/Debt | ||
---|---|---|
Total Assets | $50,594,721 | |
Total Liabilities | $3,052,387 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $14,794,231 | |
Income From Other Sources | $1,615,870 |
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Mike Baker (General Manager) | $203,035 | $0 | $0 |
Joe Morgan (Assistant Gen Mgr) | $155,268 | $0 | $0 |
John Mc Feely (Systems Engineer) | $119,640 | $0 | $0 |
Document Links
990
Filed on March 2, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2014
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $874,036 |
25.0%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $35,750 |
1.0%
|
Net Fundraising | $0 | |
Sales of Assets | $588,872 |
16.9%
|
Net Inventory Sales | $1,937,694 |
55.5%
|
Other Revenue | $57,471 |
1.6%
|
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $29,245 |
1.4%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $748,776 |
34.8%
|
Assets/Debt | ||
---|---|---|
Total Assets | $51,226,046 | |
Total Liabilities | $2,803,910 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $14,805,550 | |
Income From Other Sources | $1,556,129 |
Compensation
Key Employees and Officers | Compensation | Related | Other |
---|---|---|---|
Mike Baker (General Manager) | $192,484 | $0 | $0 |
Joe Morgan (Assistant Gen Mgr) | $136,878 | $0 | $0 |
John Mc Feely (Systems Engineer) | $110,245 | $0 | $0 |
Document Links
990
Filed on July 23, 2015Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2013
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $771,054 |
20.5%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $32,689 |
0.9%
|
Net Fundraising | $0 | |
Sales of Assets | $803,641 |
21.3%
|
Net Inventory Sales | $2,162,814 |
57.4%
|
Other Revenue | $0 |
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $37,889 |
1.7%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $746,942 |
33.2%
|
Assets/Debt | ||
---|---|---|
Total Assets | $49,833,833 | |
Total Liabilities | $2,442,803 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $14,040,126 | |
Income From Other Sources | $883,743 |
Document Links
990
Filed on Aug. 15, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2012
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $706,518 |
23.2%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $30,900 |
1.0%
|
Net Fundraising | $0 | |
Sales of Assets | -$33,953 | |
Net Inventory Sales | $2,346,460 |
76.9%
|
Other Revenue | $0 |
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $26,742 |
1.2%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $786,301 |
36.2%
|
Assets/Debt | ||
---|---|---|
Total Assets | $47,880,847 | |
Total Liabilities | $3,458,603 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $14,004,880 | |
Income From Other Sources | $764,376 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
2011
Extracted Financial Data
Extracted Financial Data from Form 990
Notable Sources of Revenue | Percent of Total Revenue | |
---|---|---|
Contributions | $0 | |
Program Services | $0 | |
Investment Income | $680,795 |
20.1%
|
Bond Proceeds | $0 | |
Royalties | $0 | |
Rental Property Income | $28,880 |
0.9%
|
Net Fundraising | $0 | |
Sales of Assets | $315,571 |
9.3%
|
Net Inventory Sales | $2,361,465 |
69.7%
|
Other Revenue | $0 |
Notable Expenses | Percent of Total Expenses | |
---|---|---|
Executive Compensation | $22,005 |
1.1%
|
Professional Fundraising Fees | $0 | |
Other Salaries and Wages | $644,952 |
33.3%
|
Assets/Debt | ||
---|---|---|
Total Assets | $44,937,987 | |
Total Liabilities | $3,328,397 |
Club or Co-Op Income | ||
---|---|---|
Income From Members | $14,028,789 | |
Income From Other Sources | $1,050,081 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending Sept.
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
Fiscal Year Ending Sept.
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
Fiscal Year Ending Sept.
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
Fiscal Year Ending Sept.
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
Fiscal Year Ending Sept.
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
Fiscal Year Ending Sept.
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
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