Groundhog Mtn Water & Sewer Company Inc
- Assets
- $818.7k
- Revenue
- $135.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 02-0540247
Organization Overview
Groundhog Mtn Water & Sewer Company Inc is located in Charlotte, NC. The organization was established in 2003. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundhog Mtn Water & Sewer Company Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Groundhog Mtn Water & Sewer Company Inc generated $135.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $107.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER AND SEWER UTILITIES TO THE RESIDENTIAL LOTS AND COMMON AREA WITHIN THAT TRACT OF PROPERTY DESCRIBED AS: GROUNDHOG MOUNTAIN, WHICH INCLUDES DOE RUN, BUCK HOLLAR, AND GROUNDING HILL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WATER AND SEWER UTILITIES TO THE RESIDENTIAL AREA REFERRED TO AS GROUNDHOG MOUNTAIN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Hyatt President | OfficerTrustee | 5 | $0 |
Tommy Cole Vice President | OfficerTrustee | 5 | $0 |
Art Powell Secretary-Treas | OfficerTrustee | 5 | $0 |
Brian Hall Director | Trustee | 5 | $0 |
Steve Shelton Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $135,066 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,066 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,170 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,681 |
| Insurance | $3,904 |
| All other expenses | $2,200 |
| Total functional expenses | $107,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,255 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,069 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,415 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $623,263 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,786 |
| Other assets | $48,869 |
| Total assets | $818,657 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $205,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $205,683 |
| Net assets without donor restrictions | $612,974 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $818,657 |
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Jason Water Corporation Snow Hill, NC | $571,862 | $93,678 |
Groundhog Mtn Water & Sewer Company Inc Charlotte, NC | $818,657 | $135,066 |
Groundhog Mountain Property Owners Inc Fancy Gap, VA | $312,730 | $0 |
Cooper Trash Parkout Inc Mc Lean, VA | $133 | $0 |