Mid-County Water Company Inc is located in Winnsboro, SC. The organization was established in 1978. 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. Mid-County Water Company Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Mid-County Water Company Inc generated $812.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $755.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY WATER DISTRIBUTION SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY WATER DISTRIBUTION SERVICE
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Robert B Ellison Treasurer | OfficerTrustee | 1 | $0 |
Robert Davis President | OfficerTrustee | 1 | $0 |
Daniel Caldwell Board Member | Trustee | 1 | $0 |
Kenneth Sanders Board Member | Trustee | 1 | $0 |
Ed Mccrory Board Member | Trustee | 1 | $0 |
Tommy Brown Board Member | Trustee | 1 | $0 |
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 | $810,552 |
Investment income | $1,400 |
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 | $811,952 |
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 | $39,366 |
Pension plan accruals and contributions | $6,324 |
Other employee benefits | $0 |
Payroll taxes | $3,020 |
Fees for services: Management | $0 |
Fees for services: Legal | $490 |
Fees for services: Accounting | $16,060 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $400 |
Office expenses | $35,562 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,647 |
Travel | $291 |
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 | $77,023 |
Insurance | $11,161 |
All other expenses | $11,775 |
Total functional expenses | $755,896 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $35,723 |
Savings and temporary cash investments | $753,946 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $70,940 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $13,311 |
Prepaid expenses and deferred charges | $18,751 |
Net Land, buildings, and equipment | $1,623,050 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $115,447 |
Total assets | $2,631,168 |
Accounts payable and accrued expenses | $40,075 |
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 | $69,964 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $110,039 |
Net assets without donor restrictions | $2,521,129 |
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 | $2,631,168 |
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