Mullett Lake Water Association Inc
- Assets
- $344.4k
- Revenue
- $88.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Geneva, FL
- Founding
- 07/1983
- Data as of
- 10/2022
- EIN
- 59-1467442
Organization Overview
Mullett Lake Water Association Inc is located in Geneva, 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 10/2022, Mullett Lake Water Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mullett Lake 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 10/2022, Mullett Lake Water Association Inc generated $88.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $96.0k during the year ending 10/2022. While expenses have increased by 2.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CO-OP - WATER DELIVERY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DELIVER CLEAN WATER TO HOMES AND BUSINESSES INTHE VICINITY OF MULLET LAKE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Kaiser Treasurer | Officer | 2 | $0 |
Paul Stram President | Officer | 2 | $0 |
Robert Bowman Secretary | Officer | 40 | $0 |
Fred Boyer General Manager | Officer | 40 | $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 | $0 |
| Investment income | $3,247 |
| 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 | $85,242 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,489 |
| 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 | $0 |
| Pension plan accruals and contributions | $67,055 |
| Other employee benefits | $0 |
| Payroll taxes | $5,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,474 |
| Insurance | $2,174 |
| All other expenses | $4,700 |
| Total functional expenses | $95,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,067 |
| Savings and temporary cash investments | $158,042 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $92,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $31,670 |
| Total assets | $344,387 |
| Accounts payable and accrued expenses | $1,165 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,165 |
| Net assets without donor restrictions | $343,222 |
| 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 | $344,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin Electric Cooperative Russellville, AL | $55,032,541 | $9,493,610 |
Island Water Association Inc Sanibel, FL | $37,970,400 | $8,170,096 |
Gasparilla Island Water Assoc Inc Boca Grande, FL | $40,821,701 | $6,839,429 |
Auburn Water System Inc Crestview, FL | $22,363,702 | $6,295,559 |
V A W Water System Inc Vinemont, AL | $12,897,303 | $4,026,723 |
Greater Pine Island Water Association Inc Bokeelia, FL | $22,001,864 | $4,257,303 |
North Key Largo Utility Corp Key Largo, FL | $19,995,653 | $3,769,368 |
Midway Water System Inc Gulf Breeze, FL | $18,868,842 | $4,356,576 |
Spanish Fort Water System Inc Spanish Fort, AL | $14,425,616 | $3,206,001 |
Citizens Water Service Inc Vance, AL | $12,116,791 | $2,429,495 |
Belforest Water System Daphne, AL | $16,714,565 | $3,578,733 |
Florida Electric Cooperatives Assn Tallahassee, FL | $1,592,997 | $1,997,692 |