Holley Navarre Water System
- Assets
- $79.3m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 79
- Location
- Navarre, FL
- Founding
- 10/1983
- Data as of
- 12/2023
- EIN
- 59-1360196
Organization Overview
Holley Navarre Water System is located in Navarre, FL. The organization was established in 1983. 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 12/2023, Holley Navarre Water System employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holley Navarre Water System 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 12/2023, Holley Navarre Water System generated $14.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $11.9m during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 9 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 & SEWER SERVICES TO CUSTOMERS IN THE HOLLEY & NAVARRE AREAS OF SANTA ROSA COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPLY WATER SERVICE TO APPROXIMATELY 17,800 ACTIVE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Miller President | OfficerTrustee | 1 | $0 |
Mike Mathews Vice President | OfficerTrustee | 1 | $0 |
Bill Thiel Secretary | OfficerTrustee | 1 | $0 |
Joe Campbell Treasurer | Trustee | 1 | $0 |
David Crumbley Board Member | Trustee | 1 | $0 |
Don Linnell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pensacola Concrete Construction Co Inc Wastewater Collection Rehab | 12/30/23 | $892,653 |
L&k Contracting Inc Eglin Regional Reuse Project | 12/30/23 | $298,890 |
Joy Gordan Construction Llc Administrative Office Renovation | 12/30/23 | $250,881 |
Bill Smith Electric Inc Standby Generators Wells 1-3-4-5 | 12/30/23 | $213,203 |
Cb&i Storage Tank Solution Llc Hnws 1.0 Elevated Storagetank | 12/30/23 | $189,666 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $401,071 |
| 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 | $401,071 |
| Total Program Service Revenue | $13,064,694 |
| Investment income | $288,773 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,615,390 |
| 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. | $234,577 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,361,958 |
| Pension plan accruals and contributions | $263,019 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,469 |
| Fees for services: Accounting | $92,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,685 |
| Office expenses | $171,186 |
| 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 | $304,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,024,959 |
| Insurance | $267,171 |
| All other expenses | $1,168,948 |
| Total functional expenses | $11,899,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $10,773,026 |
| Pledges and grants receivable | $401,071 |
| Accounts receivable, net | $1,639,398 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $509,992 |
| Prepaid expenses and deferred charges | $234,104 |
| Net Land, buildings, and equipment | $55,464,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,967,149 |
| Intangible assets | $0 |
| Other assets | $273,655 |
| Total assets | $79,263,347 |
| Accounts payable and accrued expenses | $279,977 |
| 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 | $6,885,369 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,682,733 |
| Total liabilities | $11,848,079 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $332,850 |
| Paid-in or capital surplus, or land, building, or equipment fund | $41,508,946 |
| Retained earnings, endowment, accumulated income, or other funds | $25,573,472 |
| Total liabilities and net assets/fund balances | $79,263,347 |