Jason Water Corporation
- Assets
- $571.9k
- Revenue
- $93.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Snow Hill, NC
- Founding
- 07/2002
- Data as of
- 12/2020
- EIN
- 56-1209873
Organization Overview
Jason Water Corporation is located in Snow Hill, NC. The organization was established in 2002. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jason Water Corporation 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 12/2020, Jason Water Corporation generated $93.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $118.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER & SERVICE FOR MEMBERS IN THE JASON & SHINE COMMUNITIES OF GREENE COUNTY, NC
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER USAGE THAT WAS PROVIDED TO APPROXIMATELY 250 MEMBER/CUSTOMERS IN THE COMMUNITIES OF JASON & SHINE, GREENE COUNTY, NC
WATER USAGE THAT WAS PROVIDED TO APPROXIMATELY 250 MEMBER/CUSTOMERS IN THE COMMUNITIES OF JASON & SHINE, GREENE COUNTY, NC
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 |
|---|---|---|---|
Donny Grant Vice Preside | OfficerTrustee | $0 | |
Judy Grant Sec/treas | OfficerTrustee | $0 | |
Glenn Gray President | OfficerTrustee | $0 | |
Donald Bryant Director | Trustee | $0 | |
Ted Sauls Director | Trustee | $0 | |
James M Sutton Director | Trustee | $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 | $93,582 |
| Investment income | $96 |
| 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 | $93,678 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,736 |
| 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 | $3,269 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,152 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,701 |
| Insurance | $611 |
| All other expenses | $8,294 |
| Total functional expenses | $118,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,865 |
| Savings and temporary cash investments | $357,014 |
| 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 | $35,983 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $571,862 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,143 |
| Total liabilities | $10,143 |
| Net assets without donor restrictions | $0 |
| 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 | $561,719 |
| Total liabilities and net assets/fund balances | $571,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Smarr Emc Tucker, GA | $71,741,134 | $49,681,647 |
Citizens Telephone Cooperative Floyd, VA | $51,526,560 | $17,586,773 |
North Georgia Network Cooperative Inc Cornelia, GA | $3,041,928 | $3,287,743 |
Meansville Riley Road Water Company Inc Union, SC | $9,319,076 | $1,440,416 |
Dewees Utility Corporation Dewees Island, SC | $1,783,599 | $734,885 |
Rocky Creek Water Co Jonesville, SC | $1,590,252 | $450,069 |
Ridge Utilities Inc Louisa, VA | $995,536 | $313,235 |
Mountain Lakes Water & Sewer Authority Inc Dawsonville, GA | $798,351 | $107,095 |
Jason Water Corporation Snow Hill, NC | $571,862 | $93,678 |
Groundhog Mtn Water & Sewer Company Inc Charlotte, NC | $818,657 | $135,066 |
Groundhog Mountain Property Owners Inc Fancy Gap, VA | $312,730 | $0 |
Cooper Trash Parkout Inc Mc Lean, VA | $133 | $0 |