New Creek Water Association
- Assets
- $4.4m
- Revenue
- $800.5k
- Investments
- $0.0
- Employees
- 8
- Location
- New Creek, WV
- Founding
- 04/1981
- Data as of
- 06/2021
- EIN
- 55-0536509
Organization Overview
New Creek Water Association is located in New Creek, WV. The organization was established in 1981. 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 06/2021, New Creek Water Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Creek 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 06/2021, New Creek Water Association generated $800.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $779.8k during the year ending 06/2021. While expenses have increased by 13.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FURNISH WATER TO NEW CREEK, WV COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER TO THE RESIDENTS OF NEW CREEK, WV.
PROVIDE WATER TO THE RESIDENTS OF NEW CREEK, WV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Beckman Secretary | OfficerTrustee | 2 | $0 |
Tom Cooper President | OfficerTrustee | 2 | $0 |
Robert Amtower Treasurer | OfficerTrustee | 4 | $0 |
Dave Vanscoy Director | Trustee | 4 | $0 |
Bryan Kerling Director | Trustee | 1 | $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 | $770,541 |
| Investment income | $971 |
| 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 | $800,542 |
| 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 | $124,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,968 |
| 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 | $2,682 |
| Information technology | $230 |
| 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 | $56,993 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,084 |
| Insurance | $13,783 |
| All other expenses | $26,247 |
| Total functional expenses | $779,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432 |
| Savings and temporary cash investments | $652,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,848 |
| Prepaid expenses and deferred charges | $2,438 |
| Net Land, buildings, and equipment | $2,458,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $211,167 |
| Other assets | $1,048,841 |
| Total assets | $4,442,316 |
| Accounts payable and accrued expenses | $46,252 |
| Grants payable | $0 |
| Deferred revenue | $503 |
| 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 | $2,647,366 |
| Total liabilities | $2,694,121 |
| 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 | $1,091,821 |
| Retained earnings, endowment, accumulated income, or other funds | $656,374 |
| Total liabilities and net assets/fund balances | $4,442,316 |
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