Northwest Water Supply Inc
- Assets
- $45.5k
- Revenue
- $189.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Raeford, NC
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 56-0944410
Organization Overview
Northwest Water Supply Inc is located in Raeford, NC. The organization was established in 1985. 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 12/2022, Northwest Water Supply Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Water Supply 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 12/2022, Northwest Water Supply Inc generated $189.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $168.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLEAN WATER TO THE COMMUNITY SET UP THROUGH THE HOKE COUNTY COMMISSIONERS. THE ORGANIZATION SALES WATER TO THE COMMUNITY OPERATES ON A NON PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SYSTEM HAS FOR YEARS PROVIDED CLEAN AND SAFE WATER TO THE CITIZENS W ITHIN THE ASSIGNED DISTRICT.
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 |
|---|---|---|---|
Janet Hollingsworth Secretary | Officer | 3 | $11,327 |
Helen Ross Asst. Secretary | Officer | 3 | $7,659 |
Kenneth Mcneill Vice-President | Officer | 3 | $2,007 |
John Kemp President | Officer | 3 | $1,200 |
Arnita Hurst Treasurer | OfficerTrustee | 3 | $600 |
James Pope Board Member | Officer | 3 | $600 |
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 | $189,363 |
| Investment income | $0 |
| 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 | $189,363 |
| 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. | $23,393 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,220 |
| 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 | $939 |
| Information technology | $0 |
| 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 | $233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,443 |
| All other expenses | $81,451 |
| Total functional expenses | $168,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,109 |
| Savings and temporary cash investments | $371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,480 |
| Accounts payable and accrued expenses | $1,939 |
| 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 | $0 |
| Total liabilities | $1,939 |
| Net assets without donor restrictions | $43,541 |
| 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 | $45,480 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Four County Electric Membership Corp Burgaw, NC | $229,795,069 | $103,654,934 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |
Institute Of Nuclear Power Operations Atlanta, GA | $114,402,885 | $104,860,180 |
Pee Dee Electric Cooperative Inc Darlington, SC | $181,919,242 | $94,464,000 |
Hart Electric Membership Corp Hartwell, GA | $227,728,767 | $84,026,536 |
Georgia System Operations Corporation Tucker, GA | $29,189,224 | $80,847,817 |
Black River Electric Cooperative Inc Sumter, SC | $113,858,929 | $78,967,679 |
Fairfield Electric Cooperative Inc Blythewood, SC | $145,854,723 | $79,666,610 |
A & N Electric Cooperative Tasley, VA | $203,944,683 | $76,232,163 |
Okefenoke Rural Electric Membership Corporation Nahunta, GA | $179,241,963 | $74,995,263 |