Magic Wastewater Association Inc
- Assets
- $90.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Londonderry, VT
- Founding
- 09/1993
- Data as of
- 10/2022
- EIN
- 03-0334263
Organization Overview
Magic Wastewater Association Inc is located in Londonderry, VT. The organization was established in 1993. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Magic Wastewater Association 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 10/2022, Magic Wastewater Association Inc generated $61.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $59.6k during the year ending 10/2022. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MAGIC WASTEWATER ASSOCIATION OPERATES A WASTE WATER AND SEWER TREATMENT FACILITY. IT IS OPERATED JOINTLY BY SEVERAL LOCAL BUSINESSES SERVING THOUSANDS OF TOURISTS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Palberti President | 5 | $0 | |
Tim Waker Vice President | 1 | $0 | |
Lisa Sicotte Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,911 |
| Total Program Service Revenue | $0 |
| Membership dues | $46,102 |
| Investment income | $167 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,180 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $24,981 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,629 |
| Total expenses | $59,610 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,190 |
| Other assets | $0 |
| Total assets | $90,694 |
| Total liabilities | $45,000 |
| Net assets or fund balances | $45,694 |
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