Berrydale Water System Inc
- Assets
- $1.5m
- Revenue
- $618.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Milton, FL
- Founding
- 07/2002
- Data as of
- 12/2022
- EIN
- 59-1514437
Organization Overview
Berrydale Water System Inc is located in Milton, FL. The organization was established in 2002. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Berrydale Water System Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berrydale Water System 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 12/2022, Berrydale Water System Inc generated $618.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $666.0k during the year ending 12/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER TO RURAL AREAS OF SANTA ROSA COUNTY FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER TO RURAL AREAS OF SANTA ROSA COUNTY FLORIDA
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 |
|---|---|---|---|
Greg Smith President | OfficerTrustee | 10 | $0 |
Mark Bauldree Director | Trustee | 3 | $0 |
Raymond Campbell Vice President | OfficerTrustee | 5 | $0 |
John David Reeder Treasurer | OfficerTrustee | 5 | $0 |
Aubrey Phillips Director | Trustee | 3 | $0 |
Blake Moore Director | Trustee | 3 | $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 | $604,738 |
| Investment income | $3,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| 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 | $618,236 |
| 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 | $76,349 |
| Pension plan accruals and contributions | $1,300 |
| Other employee benefits | $0 |
| Payroll taxes | $5,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,431 |
| 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 | $23,124 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,765 |
| Travel | $2,387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100 |
| Interest | $69,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,275 |
| Insurance | $16,076 |
| All other expenses | $9,189 |
| Total functional expenses | $666,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,400 |
| Savings and temporary cash investments | $129,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,360 |
| 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 | $951,090 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $60,122 |
| Other assets | $0 |
| Total assets | $1,499,233 |
| Accounts payable and accrued expenses | $7,438 |
| 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 | $1,512,766 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,781 |
| Total liabilities | $1,561,985 |
| Net assets without donor restrictions | -$192,013 |
| Net assets with donor restrictions | $129,261 |
| 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 | $1,499,233 |