Nonprofit · EIN 59-0563580
CHERRY LAKE UTILITIES CORP
Tax-exempt · MADISON, FL 32340
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $138,612 | $117,592 | $21,020 | $264,428 | $16,322 | $248,106 |
| December 31, 2024 | 990-EZ | $126,550 | $112,014 | $14,536 | $247,044 | $19,958 | $227,086 |
| December 31, 2023 | 990-EZ | $137,187 | $126,468 | $10,719 | $240,658 | $28,108 | $212,550 |
| December 31, 2022 | 990 | $136,537 | $111,242 | $25,295 | $224,781 | $22,950 | $201,831 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $126,450
- Investment income
- $12,162
Expenses
- Compensation of officers, directors and key employees
- $21,924
- Salaries, compensation and benefits (total)
- $34,996
- Other expenses
- $82,596
Balance sheet and other
- Total assets, start of year
- $247,044
- Total assets, end of year
- $264,428
- Total liabilities, end of year
- $16,322
- Net assets, end of year
- $248,106
- Cash, savings and investments
- $239,573
- Land and buildings
- $20,196
- Gross receipts
- $138,612
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda M Olson | Secretary/Treasurer | 20 | $21,924 |
| Tim Sanders | President | 1 | $0 |
| Brian Tyler | Vice President | 1 | $0 |
| Joy Wells | Director | 1 | $0 |
| David Norton | Director | 1 | $0 |
| George Wheeler | Director | 1 | $0 |
| Larry Pettis | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda M Olson | Secretary/Treasurer | 20 | $21,610 |
| Tim Sanders | President | 1 | $0 |
| George Wheeler | Vice President | 1 | $0 |
| Joy Wells | Director | 1 | $0 |
| David Norton | Director | 1 | $0 |
| Brian Tyler | Director | 1 | $0 |
| Larry Pettis | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda M Olson | Secretary/Treasurer | 20 | $19,585 |
| George Wheeler | President | 1 | $0 |
| Emmett P Sanders III | Vice President | 1 | $0 |
| David Norton | Director | 1 | $0 |
| Joy Wells | Director | 1 | $0 |
| Larry Pettis | Director | 1 | $0 |
| Harold Scarberry | Director | 1 | $0 |
| Ted Webb | Director | 1 | $0 |
990 for the year ended December 31, 2022: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE WHEELER | PRESIDENT Trustee or director | 1 | $0 |
| EMMETT P SANDERS III | VICE PRESIDENT Trustee or director | 1 | $0 |
| HAROLD SCARBERRY | DIRECTOR Trustee or director | 1 | $0 |
| JOY WELLS | DIRECTOR Trustee or director | 1 | $0 |
| TED WEBB | DIRECTOR Trustee or director | 1 | $0 |
| LARRY PETTIS | DIRECTOR Trustee or director | 1 | $0 |
| LINDA M OLSON | SECRETARY/TREASURER Officer, Key employee | 20 | $0 |
| DAVID NORTON | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT GRONKO | METER READER Highest-paid employee | 5 | $0 |
| MORGAN A BISHOP | METER READER Highest-paid employee | 5 | $0 |
| GARY H FINE | METER READER Highest-paid employee | 1 | $0 |
| RICHARD KUMPFER | METER READER Highest-paid employee | 1 | $0 |
| WILLIAM ANDREWS | ASSIST PLANT OPERATOR Highest-paid employee | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 257 NE BERKSHIRE RD, MADISON, FL 32340-3605
- Signed the 990-EZ
- Tim Sanders, President
- Phone
- (850) 929-4620
- Return prepared by
- Kenneth M Daniels CPA PA
Mission
Supplying potable water to the Utilitys Members
Program accomplishments
- Provided potable water to approximately 290 memberresidences
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 59-0563580
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $264,428
- Income (IRS master file)
- $138,612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $138,612 | $117,592 | $264,428 | IRS |
| 990-EZ | December 2024 | $126,550 | $112,014 | $247,044 | XML |
| 990-EZ | December 2023 | $137,187 | $126,468 | $240,658 | XML |
| 990 | December 2022 | $136,537 | $111,242 | $224,781 | XML |
| 990 | December 2021 | $110,251 | $105,379 | $210,568 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0563580).
Questions about CHERRY LAKE UTILITIES CORP
- What is the EIN of CHERRY LAKE UTILITIES CORP?
- The employer identification number (EIN) of CHERRY LAKE UTILITIES CORP is 59-0563580.
- Is CHERRY LAKE UTILITIES CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1944.
- Are donations to CHERRY LAKE UTILITIES CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHERRY LAKE UTILITIES CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHERRY LAKE UTILITIES CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHERRY LAKE UTILITIES CORP last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of CHERRY LAKE UTILITIES CORP?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $21,924 (Linda M Olson, Secretary/Treasurer).
- How much revenue does CHERRY LAKE UTILITIES CORP have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $138,612, expenses of $117,592 and total assets of $264,428 at year end.
Other nonprofits in MADISON
- TRI-COUNTY ELECTRIC COOPERATIVE INC EIN 59-0485704 · last filed 990 for 2025
- MADISON COUNTY HOSPITAL HEALTH SYSTEMS INC EIN 59-2319288 · last filed 990 for 2025
- MADISON CREATIVE ARTS ACADEMY INC EIN 81-1173339 · last filed 990 for 2025
- NORTH FLORIDA WORKFORCE DEVELOPMENT BOARD INC NFWDB EIN 59-3652684 · last filed 990 for 2025
- THE ARC BIG BEND INC EIN 59-1568446 · last filed 990 for 2025
- JAMES MADISON PREPARATORY HIGH SCHOOL INC EIN 46-1553270 · last filed 990 for 2025
- SENIOR CITIZENS COUNCIL OF MADISON COUNTY INC EIN 23-7097794 · last filed 990 for 2025
- NORTH FLORIDA COLLEGE FOUNDATION INC EIN 59-6179948 · last filed 990 for 2025