Baker Water Systems Inc
- Assets
- $1.8m
- Revenue
- $529.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Baker, FL
- Founding
- 05/1980
- Data as of
- 09/2021
- 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 09/2021, Baker Water Systems Inc employed 5 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 09/2021, Baker Water Systems Inc generated $529.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $413.5k during the year ending 09/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE POTABLE WATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE POTABLE WATER TO ABOUT 900 CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wanda Patterson Secretary | Officer | 40 | $43,424 |
Deborah Mcclendon Treasurer | Officer | 40 | $43,424 |
Mike Paul Director | Trustee | 2 | $0 |
Emanuel Simon Vice Chairman | Trustee | 2 | $0 |
Feagin Hayslip Chairman | Trustee | 5 | $0 |
Mark Howze Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,420 |
| 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 | $31,420 |
| Total Program Service Revenue | $478,497 |
| Investment income | $2,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,424 |
| 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 | $529,799 |
| 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. | $86,848 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,510 |
| Pension plan accruals and contributions | $4,437 |
| Other employee benefits | $0 |
| Payroll taxes | $9,226 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| 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 | $6,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,071 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,056 |
| Insurance | $11,525 |
| All other expenses | $17,565 |
| Total functional expenses | $413,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,092 |
| Savings and temporary cash investments | $548,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,887 |
| 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 | $3,700 |
| Net Land, buildings, and equipment | $1,046,476 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $260 |
| Total assets | $1,795,504 |
| Accounts payable and accrued expenses | $9,821 |
| 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 | $177,770 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,092 |
| Total liabilities | $233,683 |
| Net assets without donor restrictions | $1,503,729 |
| Net assets with donor restrictions | $58,092 |
| 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 | $1,795,504 |
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