Marble Community Water System
- Assets
- $209.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marble, NC
- Founding
- 02/1975
- Data as of
- 06/2024
- EIN
- 56-0947358
Organization Overview
Marble Community Water System is located in Marble, NC. The organization was established in 1975. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marble Community Water System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Marble Community Water System generated $114.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $102.5k during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROVIDES WATER SERVICE TO RESIDENTS OF A SMALL RURAL COMMUNITY WHICH HAS NO ACCESS TO A MUNICIPAL WATER SYSTEM. MANY OF THESE RESIDENTS ARE ELDERLY OR ECONOMICALLY DISADVANTAGED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Lovin President | 1 | $0 | |
Jeffrey Ledford Vice President | 1 | $0 | |
Brenda Gibby Secretary | 1 | $0 | |
Jerry Hughes Board Member | 1 | $0 | |
Sandy Head Bookkeeper | 20 | $0 | |
Stacy Lovingood Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $113,823 |
| Membership dues | $0 |
| Investment income | $278 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,101 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,350 |
| Professional fees and other payments to independent contractors | $11,115 |
| Occupancy, rent, utilities, and maintenance | $24,527 |
| Printing, publications, postage, and shipping | $3,180 |
| Other expenses | $19,328 |
| Total expenses | $102,500 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $193,560 |
| Other assets | $0 |
| Total assets | $209,460 |
| Total liabilities | $2,674 |
| Net assets or fund balances | $206,786 |