Wayside Water Association Inc
- Assets
- $0.0
- Revenue
- $31.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Leland, MS
- Founding
- 04/1984
- Data as of
- 07/2019
- EIN
- 23-7414047
Organization Overview
Wayside Water Association Inc is located in Leland, MS. The organization was established in 1984. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. Wayside Water 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 07/2019, Wayside Water Association Inc generated $31.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (34.0%) each year. All expenses for the organization totaled $18.3k during the year ending 07/2019. As we would expect to see with falling revenues, expenses have declined by (40.1%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER SERVICES TO RURAL RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SERVICE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Cudd Director | Trustee | $0 | |
Bobby Gordon Secretary | Trustee | $0 | |
Herbert Holdiness Director | Trustee | $0 | |
Jonathan Toler Vice Preside | Trustee | $0 | |
Chris Turner Director | Trustee | $0 | |
Jeff Hester Director | Trustee | $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 | $30,852 |
| Investment income | $811 |
| 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 | $31,663 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,082 |
| 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 | $3,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $632 |
| Insurance | $0 |
| All other expenses | $1,051 |
| Total functional expenses | $18,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
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 |