Levee Road Water Association Inc is located in Mt Sterling, KY. The organization was established in 1995. 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 12/2021, Levee Road Water Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Levee Road 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 12/2021, Levee Road Water Association Inc generated $164.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $240.8k during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LEVEE ROAD WATER ASSOCIATION PROVIDES WATER UTILITY SERVICE TO CUSTOMERS IN MONTGOMERY COUNTY, KENTUCKY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER UTILITY TO CUSTOMERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Brenda Murphy Secretary | OfficerTrustee | 2 | $1,400 |
Beverly Carpenter Treasurer | OfficerTrustee | 2 | $1,300 |
Rusty Dunn Director | Trustee | 1 | $1,300 |
Artie Gibson President | OfficerTrustee | 2 | $1,200 |
Billy R Barnett Director | Trustee | 1 | $1,200 |
James Shipp Director | Trustee | 1 | $1,200 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $9,159 |
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 | $9,159 |
Total Program Service Revenue | $0 |
Investment income | $83 |
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 | $150,985 |
Miscellaneous Revenue | $0 |
Total Revenue | $164,623 |
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 | $53,400 |
Pension plan accruals and contributions | $1,102 |
Other employee benefits | $0 |
Payroll taxes | $4,169 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,669 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,600 |
Advertising and promotion | $1,117 |
Office expenses | $8,261 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $10,823 |
Travel | $615 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $11,958 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $64,575 |
Insurance | $78 |
All other expenses | $4,828 |
Total functional expenses | $240,803 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $120 |
Savings and temporary cash investments | $50,275 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,475 |
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 | $5,496 |
Net Land, buildings, and equipment | $991,001 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,022,341 |
Total assets | $2,091,708 |
Accounts payable and accrued expenses | $20,730 |
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 | $1,105,407 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $29,058 |
Total liabilities | $1,155,195 |
Net assets without donor restrictions | $936,513 |
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 | $2,091,708 |
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