Broadway Water Association Inc

Organization Overview

Broadway Water Association Inc is located in North Wilkesboro, NC. The organization was established in 1971. 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 12/2021, Broadway Water Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway Water Association 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 12/2021, Broadway Water Association Inc generated $519.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $432.2k during the year ending 12/2021. While expenses have increased by 0.8% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

RURAL WATER SUPPLIER

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE WATER TO THE COMMUNITY OF BROADWAY


N/A


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Board, Officers & Key Employees

Name (title)Compensation
Edward Bauguess
President
$1,800
Ted Hayes
Secretary
$1,200
Keith Mayberry
Vice President
$840
Joyce Parker
Treasurer
$600
Gene Roten
Director
$600
Jay Harris Jr
Director
$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$518,745
Investment income $893
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 $519,638

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