Clinton Water Association
- Assets
- $5.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Morgantown, WV
- Founding
- 07/1992
- Data as of
- 12/2023
- EIN
- 55-0528225
Organization Overview
Clinton Water Association is located in Morgantown, WV. The organization was established in 1992. 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 12/2023, Clinton Water Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton 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 12/2023, Clinton Water Association generated $2.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 9 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 WATER TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WATER TO MEMBERS OF THE ASSOCIATION
PROVIDED WATER TO MEMBERS OF THE ASSOCIATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradford Bearce President | Officer | $0 | |
James Bolyard Member | Officer | $0 | |
Verna Howell Vice Preside | Officer | $0 | |
Charles Lott Member | Officer | $0 | |
Chad Mcdonald Member | Officer | $0 | |
Alan Wise Member | Officer | $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 | $2,301,806 |
| Investment income | $5,787 |
| 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 | $2,307,593 |
| 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 | $364,981 |
| Pension plan accruals and contributions | $20,260 |
| Other employee benefits | $82,251 |
| Payroll taxes | $33,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $513 |
| Fees for services: Accounting | $18,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,880 |
| Advertising and promotion | $2,009 |
| Office expenses | $57,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,684 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $147,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,652 |
| Insurance | $32,291 |
| All other expenses | $46,262 |
| Total functional expenses | $2,377,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $852,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,928 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,591 |
| Prepaid expenses and deferred charges | $17,663 |
| Net Land, buildings, and equipment | $4,450,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $11,562 |
| Other assets | $0 |
| Total assets | $5,546,095 |
| Accounts payable and accrued expenses | $192,939 |
| 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 | $2,994,137 |
| Total liabilities | $3,187,076 |
| Net assets without donor restrictions | $2,075,332 |
| Net assets with donor restrictions | $283,687 |
| 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 | $5,546,095 |