Gasparilla Island Water Assoc Inc

Organization Overview

Gasparilla Island Water Assoc Inc is located in Boca Grande, FL. The organization was established in 1969. 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 09/2022, Gasparilla Island Water Assoc Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gasparilla Island Water Assoc 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 09/2022, Gasparilla Island Water Assoc Inc generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $5.3m during the year ending 09/2022. While expenses have increased by 4.7% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CONSTRUCT, MAINTAIN, AND OPERATE A WATER SYSTEM FOR THE SUPPLYING OF WATER FOR DOMESTIC, COMMERCIAL, AGRICULTURAL, INDUSTRIAL, AND OTHER PURPOSES TO ITS MEMBERS AND TO CONSTRUCT, MAINTAIN, AND OPERATE A SEWAGE DISPOSAL SYSTEM FOR THE USE AND BENEFIT OF ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION PROVIDES WATER AND SEWER SERVICES TO APPROXIMATELY 1,768 USERS ON GASPARILLA ISLAND.


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Board, Officers & Key Employees

Name (title)Compensation
Bonnie Pringle
Utility Director - Previous
$160,541
William Caldwell
President
$0
Gasper Kovach
Treasurer
$0
Tom Courtney
Vice-President
$0
Sue Spurgeon
Secretary
$0
Ronald L Bolton
Utility Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cardinal Contractors Inc
Construction
$1,258,267
Tampa Armature Works Inc
Construction
$748,284
Florida Utility Solutions
Repair Services
$113,825
Dejonge Excavating Contractors
Excavator
$253,835
Hole-montes Inc
Engineering
$507,878
View All Vendors

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$6,749,478
Investment income $112,403
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$31,870
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,839,429

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