South Mills Water Association Inc

The information for South Mills Water Association Inc is as of the organization's most recent filing in December 2019. This organization is located in South Mills, NC. It has been in existence for 50 years, following its founding in 1969.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The South Mills Water Association Inc's NTEE code is W80. The "W" tells us that the organization is classified along with Public Utilities. The "80" tells us that the organization is a Public & Societal Benefit. The NTEE describes Public & Societal Benefit organizations as those that provide gas, electricity, water and sanitary services including the hook-up of services and the installation, maintenance and repair of necessary equipment.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(12) organization. The IRS describes these organizations as Benevolent Life Insurance Associations, Mutual Ditch or Irrigation Companies, Mutual or Cooperative Telephone Companies, and Like Organizations.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the South Mills Water Association Inc is to provide a water system for its members.

Program Areas

The program area provides essential water service to its approximately 2,100 members.

Organization Staffing

South Mills Water Association Inc is run by Craig Carey, who is the President. The organization has 14 employees, of whom none are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.

Board Governance

South Mills Water Association Inc is well-governed with seven voting members and seven independent members. The organization does not have any potential conflicts of interest, and has not delegated management to an outside firm. Board meetings are documented, and committee meetings are also documented. Unfortunately, the organization does not have a conflict of interest policy, does not require disclosure of conflicts, does not have a written whistleblower policy, does not have a document retention policy, does not substantiate and review leadership salary, does not substantiate and review officer's salaries, and does not provide copies of the 990 to the board prior to filing.

Organization Growth

Over the past 4 years, the South Mills Water Association Inc has seen an overall growth in its program service revenue, investment income, total revenue, employee salaries and total expenses, as well as an increase in the total number of employees. This indicates that the organization has grown in terms of both size and financial capability over this time period.