Baker Water Systems Inc
- Assets
- $1.9m
- Revenue
- $554.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Baker, FL
- Founding
- 05/1980
- Data as of
- 09/2023
- EIN
- 59-1264410
Organization Overview
Baker Water Systems Inc is located in Baker, FL. The organization was established in 1980. 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 09/2023, Baker Water Systems Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baker Water Systems 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 09/2023, Baker Water Systems Inc generated $554.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $538.8k during the year ending 09/2023. While expenses have increased by 6.0% 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 TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE POTABLE WATER TO ABOUT 1,150 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Patterson Secretary | Officer | 40 | $47,744 |
Debbie Mclendon Treasurer | Officer | 40 | $47,744 |
Dan Walker Director | Trustee | 2 | $0 |
Jim Vail Director | Trustee | 2 | $0 |
Joey Tinklepaugh Director | Trustee | 0 | $0 |
Chad Wilkinson Director | Trustee | 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 | $529,627 |
| Investment income | $6,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,915 |
| 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 | $554,714 |
| 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. | $95,488 |
| Compensation of current officers, directors, key employees. | $36,177 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,444 |
| Payroll taxes | $15,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,067 |
| Office expenses | $6,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,160 |
| Travel | $5,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,138 |
| Insurance | $11,995 |
| All other expenses | $0 |
| Total functional expenses | $538,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,780 |
| Savings and temporary cash investments | $217,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,541 |
| 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 | $4,921 |
| Net Land, buildings, and equipment | $1,342,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $672 |
| Total assets | $1,850,266 |
| Accounts payable and accrued expenses | $9,615 |
| Grants payable | $0 |
| Deferred revenue | $78,904 |
| 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 | $177,395 |
| Other liabilities | $47,392 |
| Total liabilities | $313,306 |
| Net assets without donor restrictions | $1,536,960 |
| 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 | $1,850,266 |