Moravian Falls Waterworks Inc

Organization Overview

Moravian Falls Waterworks Inc is located in Moravian Falls, NC. The organization was established in 1967. 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 06/2022, Moravian Falls Waterworks Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moravian Falls Waterworks 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 06/2022, Moravian Falls Waterworks Inc generated $649.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $648.2k during the year ending 06/2022. While expenses have increased by 5.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

RURAL WATER SUPPLIER

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED RURAL WATER SUPPLY TO OVER 1,000 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Pat Hamby
Secretary/tr
$50,563
Rex Brown
Former Manag
$10,527
Terry Ferguson
President
$830
Eddie Barnes
Director
$0
Fred Eldreth
Asst Sec/tre
$0
John Frazier Jr
Director
$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$630,571
Investment income $755
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $16,109
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 $649,352

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