Cottonville-Savage Water Assn Inc
- Assets
- $97.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coldwater, MS
- Founding
- 10/1969
- Data as of
- 06/2022
- EIN
- 23-7043281
Organization Overview
Cottonville-Savage Water Assn Inc is located in Coldwater, MS. The organization was established in 1969. 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. Cottonville-Savage Water Assn 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 06/2022, Cottonville-Savage Water Assn Inc generated $81.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $98.9k during the year ending 06/2022. While expenses have increased by 3.4% 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
PROVIDE WATER TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Lance President | 0 | $0 | |
Edward Mccullough Vice President | 0 | $0 | |
Donald Herron Board Member | 0 | $0 | |
James Lee Baker Board Member | 0 | $0 | |
David Baker Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $80,248 |
| Membership dues | $1,000 |
| Investment income | $37 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,285 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,344 |
| Professional fees and other payments to independent contractors | $20,022 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $71,490 |
| Total expenses | $98,856 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $90,649 |
| Other assets | $0 |
| Total assets | $97,220 |
| Total liabilities | $284,778 |
| Net assets or fund balances | -$187,558 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bear Creek Water Association Inc Madison, MS | $98,155,585 | $12,566,846 |
Chickasaw Electric Cooperative Inc Somerville, TN | $53,475,417 | $11,540,498 |
Franklin Electric Cooperative Russellville, AL | $55,032,541 | $9,493,610 |
Pontotoc Electric Power Assn Pontotoc, MS | $90,087,591 | $12,564,060 |
Tishomingo Co Electric Power Assn Iuka, MS | $49,362,080 | $9,007,750 |
Tennessee One-Call System Inc Nashville, TN | $15,040,368 | $8,322,679 |
James Fork Regional Water District Greenwood, AR | $25,999,564 | $3,881,820 |
South Louisiana Electric Cooperative Association Houma, LA | $118,977,862 | $4,681,225 |
V A W Water System Inc Vinemont, AL | $12,897,303 | $4,026,723 |
Central Water Association Inc Philadelphia, MS | $12,461,015 | $3,486,886 |
East Lowndes Water Association Inc Columbus, MS | $17,023,481 | $3,723,699 |
Spanish Fort Water System Inc Spanish Fort, AL | $14,425,616 | $3,206,001 |