Citizens Water Service Inc
- Assets
- $16.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Vance, AL
- Founding
- 01/1975
- Data as of
- 06/2023
- EIN
- 23-7137004
Organization Overview
Citizens Water Service Inc is located in Vance, AL. The organization was established in 1975. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Citizens Water Service Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citizens Water Service 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 06/2023, Citizens Water Service Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $3.0m during the year ending 06/2023. While expenses have increased by 10.9% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE DRINKING WATER TO APPROXIMATELY 4000 CUSTOMERS IN ADJOINING MUNICIPALITIES AND SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DRINKING WATER FOR RURAL COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael H Plowman General Manager | Officer | 0 | $78,940 |
Steve Mcpherson Vice President | Officer | 5 | $0 |
Kenny Herring President | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,268,415 |
| 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 | $2,268,415 |
| Total Program Service Revenue | $2,953,293 |
| Investment income | $47,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,128 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,296,929 |
| 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. | $8,850 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $542,035 |
| Pension plan accruals and contributions | $39,216 |
| Other employee benefits | $204,678 |
| Payroll taxes | $41,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,145 |
| Fees for services: Accounting | $16,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,459 |
| Advertising and promotion | $0 |
| Office expenses | $73,811 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,654 |
| Interest | $202,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $430,503 |
| Insurance | $20,234 |
| All other expenses | $17,311 |
| Total functional expenses | $3,044,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,137,803 |
| Savings and temporary cash investments | $1,222,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $381,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,445 |
| Net Land, buildings, and equipment | $12,022,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $185,223 |
| Other assets | $0 |
| Total assets | $15,957,474 |
| Accounts payable and accrued expenses | $144,518 |
| 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 | $9,316,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $358,630 |
| Total liabilities | $9,820,001 |
| Net assets without donor restrictions | $0 |
| 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 | $6,137,473 |
| Total liabilities and net assets/fund balances | $15,957,474 |