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Bondmadison Water Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371329067 ✦ Pocahontas, IL ✦ Designated as a 501(c)(12)

Overview

What is Bondmadison Water Company?

BondMadison Water Company is a public utilities organization based in Pocahontas, IL. Their primary mission is to serve rural communities, supplying them with essential water services. As a nonprofit entity, they dedicate their resources to ensuring a consistent water supply for their member customers, contributing significantly to the quality of life in these rural areas.


Official website here: www.bondmadison.com

Is Bondmadison Water Company legitimate?

Bondmadison Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Bondmadison Water Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $9,925
Professional Fundraising Fees: $0
Other Salaries and Wages: $257,015

For more financial information, click here


Official website here: www.bondmadison.com

What is the mission statement of Bondmadison Water Company?

BondMadison Water Company's mission revolves around serving rural communities by providing essential water services. As a public utilities organization, it focuses on ensuring reliable water access for its members, thereby contributing to the overall well-being of the communities it serves. Although specific details about advocacy, research, or broader societal impact are not explicitly mentioned, the company's primary focus appears to be on maintaining and delivering water to its rural customer base.


Official website here: www.bondmadison.com

Who is the CEO of Bondmadison Water Company?

Bob Schrumpf is the Trustee of Bondmadison Water Company.


Official website here: www.bondmadison.com

What is the revenue of Bondmadison Water Company?

Bondmadison Water Company's revenue in 2022 was $2,963,590.


Official website here: www.bondmadison.com

Who are the executives of Bondmadison Water Company and what are their salaries?

The average compensation at Bondmadison Water Company during 2022 was $66,735. There are 4 employees at Bondmadison Water Company.

Here are 9 key members and their salaries:

    Brent Whittaker (Trustee)
  • Compensation: $1,275
  • Related: $0
  • Other: $0

    • Darren Apken (Trustee)
  • Compensation: $1,225
  • Related: $0
  • Other: $0

    • Bob Schrumpf (President)
  • Compensation: $1,225
  • Related: $0
  • Other: $0

    • Richard Accornero (Trustee)
  • Compensation: $1,125
  • Related: $0
  • Other: $0

    • Tom Eyman (Treasurer)
  • Compensation: $1,125
  • Related: $0
  • Other: $0

    • Mike Vonderhaar (Secretary)
  • Compensation: $1,075
  • Related: $0
  • Other: $0

    • Lawrence Schwarz (Trustee)
  • Compensation: $1,000
  • Related: $0
  • Other: $0

    • Randy Haukap (Vice President)
  • Compensation: $975
  • Related: $0
  • Other: $0

    • David Frueh (Trustee)
  • Compensation: $900
  • Related: $0
  • Other: $0


  • Official website here: www.bondmadison.com

    Where can I find the form 990 for Bondmadison Water Company?

    The Bondmadison Water Company’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bondmadison.com

    Learn more at the official website: www.bondmadison.com

    Mission Statement of Bondmadison Water Company

    BondMadison Water Company, a public utilities organization, is dedicated to serving rural communities by providing them with a vital resource: water. Operating with a mission to ensure a steady supply of this essential commodity, the company aims to improve the quality of life for its member customers. Located in Pocahontas, Illinois, BondMadison Water Company's work is instrumental in ensuring that rural communities have access to clean and safe water, a necessity for daily life and overall health. By providing this essential service, the company plays a vital role in enhancing the well-being of its rural communities, thereby contributing to a better quality of life for its customers.

    Impact

    This information is meant to be a general summary of Bondmadison Water Company. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    Bondmadison Water Company plays a vital role in providing essential water services to its rural member customers in Pocahontas, Illinois. By supplying clean and safe water, the company ensures that residents have access to a basic necessity for their daily lives. This contributes significantly to the health and well-being of the community, as well as supporting various economic activities that rely on quality water supply. Bondmadison Water Company's impact can be seen in its direct contribution to the environmental sustainability of the area through its responsible management of water resources.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $45,272
  • Program Service Revenue: $2,917,358
  • Gross Receipts: $2,963,590

    • Assets and Liabilities:
  • Total Assets: $13,389,254
  • Total Liabilities: $9,137,768
  • Net Assets: $4,251,486
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    WATER SALES

    Revenue

    $2,784,544

    INSTALLATION FEES

    Revenue

    $122,500

    REIMBURSEMENTS & FEES

    Revenue

    $10,314

    Organization Details

    Founding Year

    1994

    Principal Officer

    Bob Schrumpf

    Main Address

    103 PARK STREET, POCAHONTAS, IL, 62275

    NTEE Category

    Code: C32 - Environment

    If you are a representative of Bondmadison Water Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.