Carbon Hill Water Association
- Assets
- $156.3k
- Revenue
- $76.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Carbon Hill, OH
- Founding
- 05/1988
- Data as of
- 12/2021
- EIN
- 31-0797244
Organization Overview
Carbon Hill Water Association is located in Carbon Hill, OH. The organization was established in 1988. 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 12/2021, Carbon Hill Water Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carbon Hill Water Association 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 12/2021, Carbon Hill Water Association generated $76.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $73.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUTUALLY ORGANIZED WATER DISTRIBUTION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUALLY ORGANIZED WATER DISTRIBUTION SERVICE. PROVIDES SERVICE TO APPROXIMATELY 353 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krystal K Joyce Treasurer | Officer | 10 | $6,440 |
Joe C Whitmore Mtr Reader | 10 | $5,880 | |
Karen K Joyce Billing Clerk | 10 | $4,800 | |
James Mount Bd Member | Officer | 2 | $0 |
Mike Kinneer President | Officer | 2 | $0 |
Leah Whitmore V President | Officer | 2 | $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 | $0 |
| Investment income | $129 |
| 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 | $69,625 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,716 |
| 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. | $6,440 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,790 |
| Payroll taxes | $1,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,405 |
| 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 | $487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,575 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,939 |
| Insurance | $3,675 |
| All other expenses | $35,369 |
| Total functional expenses | $73,189 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $113,339 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,902 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11 |
| Inventories for sale or use | $3,950 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,510 |
| Total assets | $156,311 |
| Accounts payable and accrued expenses | $9,840 |
| 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 | $4,292 |
| Total liabilities | $14,132 |
| Net assets without donor restrictions | $142,179 |
| 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 | $156,311 |
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