Molino Utilities Inc
- Assets
- $5.1m
- Revenue
- $991.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Molino, FL
- Founding
- 03/1969
- Data as of
- 08/2022
- EIN
- 59-6214326
Organization Overview
Molino Utilities Inc is located in Molino, FL. The organization was established in 1969. 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 08/2022, Molino Utilities Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Molino Utilities 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 08/2022, Molino Utilities Inc generated $991.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $921.6k during the year ending 08/2022. While expenses have increased by 1.9% 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
RURAL WATER SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER FOR UNINCORPORATED AREA SERVING APPROXIMATELY 2,400 CUSTOMERS
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 |
|---|---|---|---|
Matthew Enfinger Director | OfficerTrustee | 5 | $0 |
Sandy Enfinger Secretary & | OfficerTrustee | 5 | $0 |
Vernon Prather President | OfficerTrustee | 15 | $0 |
Charlie Driver Vice Preside | Trustee | 5 | $0 |
Archie Weaver Director | Trustee | 5 | $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 | $971,667 |
| Investment income | $2,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $991,045 |
| 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 | $301,434 |
| Pension plan accruals and contributions | $13,739 |
| Other employee benefits | $22,644 |
| Payroll taxes | $22,336 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,213 |
| Office expenses | $8,350 |
| 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 | $62,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,384 |
| Insurance | $40,172 |
| All other expenses | $59,956 |
| Total functional expenses | $921,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $891,678 |
| Savings and temporary cash investments | $386,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,445 |
| 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 | $8,173 |
| Net Land, buildings, and equipment | $3,822,972 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,143,559 |
| Accounts payable and accrued expenses | $57,685 |
| 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 | $1,485,557 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,857 |
| Total liabilities | $1,637,099 |
| Net assets without donor restrictions | $0 |
| 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 | $803,815 |
| Retained earnings, endowment, accumulated income, or other funds | $2,702,645 |
| Total liabilities and net assets/fund balances | $5,143,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Alabama Electric Cooperative Prattville, AL | $339,092,082 | $97,489,806 |
Institute Of Nuclear Power Operations Atlanta, GA | $114,402,885 | $104,860,180 |
Hart Electric Membership Corp Hartwell, GA | $227,728,767 | $84,026,536 |
Georgia System Operations Corporation Tucker, GA | $29,189,224 | $80,847,817 |
Okefenoke Rural Electric Membership Corporation Nahunta, GA | $179,241,963 | $74,995,263 |
Sand Mountain Electric Cooperative Rainsville, AL | $117,656,125 | $77,979,953 |
Jefferson Energy Cooperative Wrens, GA | $162,702,738 | $73,538,355 |
Habersham Electric Membership Corp Clarkesville, GA | $163,809,198 | $70,636,080 |
Coastal Electric Membership Corp Midway, GA | $152,079,516 | $68,399,834 |
Central Florida Electric Cooperative Inc Chiefland, FL | $145,913,445 | $67,342,148 |
Tennessee Valley Authority Cherokee Electric Cooperative Centre, AL | $137,937,901 | $66,592,485 |
Dixie Electric Cooperative Montgomery, AL | $156,438,458 | $66,291,723 |