CATARACT LAKE WATER CORP

Address
PO BOX 624
CLOVERDALE, IN 461200624
Contact
Phone: +1 (765) 795-3288
Nonprofit
NTEE: W80 - Public Utilities
EIN: 35-1362638

Mission

CORPORATION SUPPLIES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.
 20172016201520142013
Basic features of the organization
Year of formation1969
Subsection code12
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$110,787.00$112,189.00$109,847.00$101,264.00$101,152.00
Sum of reportable (W2/1099) compensation$110,787.00$112,189.00$109,847.00$40,333.00$40,956.00
Number of employees34333
Number of people compensated >$100k  0  
Number of volunteers  7  
Personnel
Biggs, Doug
Title    TREASURER
Name of key/compensated person    DOUG BIGGS
Position of compensated person
Current officer    True
Average hours per week working for org    2.00
Reportable compensation from org    $675.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Booher, Roy
TitleVICE PRESIDEVICE PRESIDEVICE PRESIDENTVICE PRESIDEVICE PRESIDE
Name of key/compensated personROY BOOHERROY BOOHERROY BOOHERROY BOOHERROY BOOHER
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.00 2.00
Reportable compensation from org$845.00$715.00$845.00$825.00$900.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Elkin, Joe
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personJOE ELKINJOE ELKINJOE ELKINJOE ELKIN 
Position of compensated person
Average hours per week working for org2.002.002.00  
Reportable compensation from org$520.00$420.00$620.00$300.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Fislar, Max
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personMAX FISLARMAX FISLARMAX FISLARMAX FISLARMAX FISLAR
Position of compensated person
Average hours per week working for org2.002.002.00 2.00
Reportable compensation from org$350.00$570.00$540.00$450.00$550.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Gilbrech, Teresa
TitleSECRETARYSECRETARYSECRETARYSECRETARYDIRECTOR
Name of key/compensated personTERESA GILBRECHTERESA GILBRECHTERESA GILBRECHTERESA GILBRECHTERESA GILBRECH
Position of compensated person
Current officerTrueTrueTrueTrue 
Average hours per week working for org40.0040.002.0040.0040.00
Reportable compensation from org$41,517.00$42,614.00$42,002.00$37,258.00$36,806.00
Other comp, non-reportable, from org and related orgs$1,218.00$1,250.00$1,232.00$0.00$1,088.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Holsapple, Cheryl
Title    SECRETARY
Name of key/compensated person    CHERYL HOLSAPPLE
Position of compensated person
Current officer    True
Average hours per week working for org    2.00
Reportable compensation from org    $525.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Pearson, Elaine
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personELAINE PEARSONELAINE PEARSONELAINE PEARSONELAINE PEARSONELAINE PEARSON
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.00 5.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Perry, Matthias
TitleOFFICE MANAGOFFICE MANAGOFFICE MANAGER  
Name of key/compensated personMATTHIAS J PERRYMATTHIAS J PERRYMATTHIAS J PERRY  
Position of compensated person
Average hours per week working for org40.0040.0040.00  
Reportable compensation from org$65,515.00$65,515.00$63,550.00  
Other comp, non-reportable, from org and related orgs$1,966.00$1,966.00$1,907.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Shedron, Jo
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJO SHEDRONJO SHEDRONJO SHEDRONJO SHEDRONJO SHEDRON
Position of compensated person
Average hours per week working for org2.002.002.00 2.00
Reportable compensation from org$200.00$590.00$620.00$450.00$500.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Sites, Joan
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJOAN SITESJOAN SITESJOAN SITESJOAN SITESJOAN SITES
Position of compensated person
Average hours per week working for org2.002.002.00 2.00
Reportable compensation from org$570.00$540.00$490.00$250.00$600.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Skadra, Llona
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personLLONA SKADRALLONA SKADRALLONA SKADRALLONA SKADRA 
Position of compensated person
Average hours per week working for org2.002.002.00  
Reportable compensation from org$350.00$450.00$390.00$300.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Stanfield, Larry
TitleTREASURER/DITREASURER/DITREASUERTREASURER/DIDIRECTOR
Name of key/compensated personLARRY STANFIELDLARRY STANFIELDLARRY STANFIELDLARRY STANFIELDLARRY STANFIELD
Position of compensated person
Current officerTrueTrueTrueTrue 
Average hours per week working for org2.002.002.00 2.00
Reportable compensation from org$770.00$775.00$790.00$500.00$400.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Weist, Bob
TitleDIRECTOR    
Name of key/compensated personBOB WEIST    
Position of compensated person
Average hours per week working for org2.00    
Reportable compensation from org$150.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesCORPORATION SUPPLIES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN WESTERN OWEN, EASTERN CLAY AND SOUTHERN PUTNAM COUNTIES OF WEST-CENTRAL INDIANA.CORPORATION SUPPLIES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN WESTERN OWEN, EASTERN CLAY AND SOUTHERN PUTNAM COUNTIES OF WEST-CENTRAL INDIANA.CORPORATION SUPPLIES WATER TO APPROXIMATELY 1200 CUSTOMERS.CORPORATION SUPPLIES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.CORPORATION SUPPLIES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.
Program service expenses, total  $444,578.00  
Programs, including revenue & expenses
THE CORPORATION PROVIDES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.
Program expenses  $444,578.00  
Program revenue  $432,243.00  
Program descriptionTHE CORPORATION PROVIDES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.THE CORPORATION PROVIDES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.THE CORPORATION PROVIDES WATER TO APPROXIMATELY 1200 CUSTOMERS.THE CORPORATION PROVIDES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.THE CORPORATION PROVIDES POTABLE WATER TO APPROXIMATELY 1,200 CUSTOMERS IN UNDERSERVED, RURAL AREAS OF WEST-CENTRAL INDIANA.
Financial data
Revenue
Total revenue$503,785.00$482,375.00$432,243.00$446,476.00$469,035.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$696.00$152.00$20.00$61.00$150.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$40,197.00$46,174.00$26,566.00$17,103.00$30,951.00
Net unrelated business taxable revenue  $0.00  
Program service revenue (total)$462,892.00$436,049.00$405,657.00$429,312.00$437,934.00
Gross receipts$503,785.00$482,375.00$432,243.00$446,476.00$469,035.00
Other types of revenue
Miscellaneous revenue (total)$40,197.00$46,174.00$26,566.00$17,103.00$30,951.00
Income from dividends, interest, and similar investments$696.00$152.00$20.00$61.00$150.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$429,786.00$477,166.00$444,578.00$533,585.00$462,449.00
Total functional expenses: program service $0.00$0.00$444,578.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)  $595.00 $2,258.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$2,575,876.00$2,611,193.00$2,709,975.00$2,809,151.00$2,907,407.00
Total assets, beginning of year$2,611,193.00$2,709,975.00$2,809,151.00$2,907,407.00$2,997,112.00
Total liabilities$925,998.00$1,034,558.00$1,135,353.00$1,221,354.00$1,313,051.00
Total liabilities, beginning of year$1,034,558.00$1,135,353.00$1,221,354.00$1,313,051.00$1,409,634.00
Net assets$1,649,878.00$1,576,635.00$1,574,622.00$1,587,797.00$1,594,356.00
Net assets, beginning of year$1,576,635.00$1,574,622.00$1,587,797.00$1,594,356.00$1,587,478.00
Other liabilities$15,687.00$15,792.00$16,672.00$7,413.00$7,456.00
Cash: non-interest bearing$38,152.00$58,343.00$93,929.00$107,005.00$123,668.00
Cash: non-interest bearing, beginning of year$58,343.00$93,929.00$107,005.00$123,668.00$124,403.00
Inventories for sale or use$47,236.00$47,862.00$45,275.00$41,974.00$45,512.00
Other financial variables
Revenue less expenses$73,999.00$5,209.00-$12,335.00-$87,109.00$6,586.00
Advertising (total)$401.00$381.00 $156.00$161.00
Savings & temp cash investment$119,704.00$69,089.00$68,988.00$68,988.00$68,715.00
Accounts receivable, net$85,215.00$62,904.00$42,144.00$56,221.00$55,223.00
Prepaid expenses & deferred charges$5,885.00$5,089.00$6,153.00$6,153.00 
Accounts payable & accrued expenses$1,114.00$3,275.00$7,384.00$6,149.00$1,326.00
Secured mortgages and notes payable$909,197.00$1,015,491.00$1,111,297.00$1,207,792.00$1,304,269.00
Total net assets or fund balances$1,649,878.00$1,576,635.00$1,574,622.00$1,587,797.00$1,594,356.00
Depreciation, depletion, amortization$88,221.00$87,941.00$75,284.00$162,837.00$75,575.00
Governance and accountability
Number of voting members11761200120011801200
Number of independent voting members11761200120011801200
Financial sheets audited  True  
Audit on consolidated basis  True  
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-132017-09-122016-10-052015-07-132014-10-15
IRS schema version2017v2.32016v3.02015v2.12014v5.02013v3.1
Filing identifier201811419349301106201731459349300548201601419349300520201501499349300030201431359349308098
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