Ozello Water Association Inc
- Assets
- $5.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Crystal River, FL
- Founding
- 03/1969
- Data as of
- 08/2023
- EIN
- 59-1208603
Organization Overview
Ozello Water Association Inc is located in Crystal River, 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 08/2023, Ozello Water Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ozello 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 08/2023, Ozello Water Association Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.5m during the year ending 08/2023. While expenses have increased by 4.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER SERVICE TO THE UNINCORPORATED AREA OF OZELLO, FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AND MAINTAINS A WATER SYSTEM THAT SERVES APROXIMATELY 2,218 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Devillez Director | Trustee | 2 | $0 |
Clyde Higgs Director | OfficerTrustee | 2 | $0 |
Brian Murphy Financial Di | Trustee | 2 | $0 |
Tonia Cook Sec / Treasu | Officer | 2 | $0 |
Peter Vandenbergh Vice Preside | Officer | 2 | $0 |
Michael Whetstone President | Officer | 2 | $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 | $1,370,497 |
| Investment income | $6,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,400,521 |
| 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 | $525,996 |
| Pension plan accruals and contributions | $15,701 |
| Other employee benefits | $84,285 |
| Payroll taxes | $39,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,588 |
| Fees for services: Accounting | $18,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,189 |
| Advertising and promotion | $770 |
| Office expenses | $23,591 |
| Information technology | $6,343 |
| Royalties | $0 |
| Occupancy | $84,740 |
| Travel | $399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,577 |
| Insurance | $87,369 |
| All other expenses | $0 |
| Total functional expenses | $1,476,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,057 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,796 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $138,426 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,029,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,358 |
| Other assets | $666,632 |
| Total assets | $5,248,624 |
| Accounts payable and accrued expenses | $45,212 |
| Grants payable | $0 |
| Deferred revenue | $31,187 |
| 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 | $37,831 |
| Other liabilities | $107,716 |
| Total liabilities | $221,946 |
| 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 | $760,633 |
| Retained earnings, endowment, accumulated income, or other funds | $4,266,045 |
| Total liabilities and net assets/fund balances | $5,248,624 |