Overview

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Est.

1968

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Rowan Water Inc is a nonprofit organization dedicated to providing water service to residents in the Rowan County area. With an operating budget of $4.2 million and total revenue of $5.8 million for the filing year 2024, the organization plays a vital role in ensuring access to public utilities. It does not rely on a single funder for 50% or more of its revenue, allowing it to maintain diverse funding sources.

Mission Statement

PROVIDE WATER SERVICE TO RESIDENTS IN THE ROWAN COUNTY AREA
Revenues
$5.8M
Expenses
$4.2M
Net Income:
+$1.6M
Assets
$14.7M
Liabilities
$7.4M
Net Assets:
+$7.3M
Operating Budget
$4.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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L
Larry Johnson
Board Member
E
Enoch Blair
Board Member
R
Randy Cox
Board Member

Frequently Asked Questions

What is Rowan Water Inc’s budget?
In 2024, Rowan Water Inc reported an annual operating budget of around $4.2 million. More detailed financial information is available to registered users.
What causes does Rowan Water Inc support?
Rowan Water Inc supports work in Public utilities.
Where does Rowan Water Inc operate?
Rowan Water Inc is headquartered in Morehead, KY.
What is Rowan Water Inc’s reliance on government grants?
Rowan Water Inc relied on government grants for more than 20% of their total revenue in 2024.