South Shore Water Association Inc
- Assets
- $2.7m
- Revenue
- $555.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Clewiston, FL
- Founding
- 08/1966
- Data as of
- 12/2021
- EIN
- 59-1141578
Organization Overview
South Shore Water Association Inc is located in Clewiston, FL. The organization was established in 1966. 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, South Shore Water Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Shore 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, South Shore Water Association Inc generated $555.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $539.6k during the year ending 12/2021. 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
THE ASSOCIATION'S EXEMPT PURPOSE IS TO PROVIDE WATER SERVICES TO A RURAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION OF A RURAL WATER SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Hatfield President | Officer | $0 | |
Timothy Lowman Director | Officer | $0 | |
John Mccallum Sec - Treas | Officer | $0 | |
Tommy Perry Vice Preside | Officer | $0 | |
Linda Pelham Director | Officer | $0 | |
Morris Ridgdill Director | Officer | $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 | $0 |
| Investment income | $4,354 |
| 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 | $550,703 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $555,057 |
| 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 | $166,147 |
| Pension plan accruals and contributions | $11,972 |
| Other employee benefits | $36,319 |
| Payroll taxes | $12,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,100 |
| 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 | $40,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,047 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,600 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,319 |
| Insurance | $0 |
| All other expenses | $11,203 |
| Total functional expenses | $539,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,998 |
| Savings and temporary cash investments | $1,262,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,137 |
| 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 | $9,521 |
| Net Land, buildings, and equipment | $1,111,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $2,673,495 |
| Accounts payable and accrued expenses | $76,864 |
| 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 | $178,339 |
| Total liabilities | $255,203 |
| Net assets without donor restrictions | $1,198,122 |
| Net assets with donor restrictions | $1,220,170 |
| 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 | $2,673,495 |
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