Tennessee Water Well Association
- Assets
- $231.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnson City, TN
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 62-1500586
Organization Overview
Tennessee Water Well Association is located in Johnson City, TN. The organization was established in 2007. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Water Well Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Tennessee Water Well Association generated $39.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $21.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP FUNDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summer Lane Executive Secretary | 10 | $12,000 | |
David Mills Eastern Division Chairman | 0 | $0 | |
Chris Wilson Secretary/treasurer | 0 | $0 | |
Rodney Wilson Western Division Secretary | 0 | $0 | |
John Sorrells Central Division Secretary | 0 | $0 | |
Brian Campbell Western Division Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,300 |
| Total Program Service Revenue | $0 |
| Membership dues | $13,000 |
| Investment income | $13,319 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,166 |
| Total Revenue | $39,785 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,000 |
| Professional fees and other payments to independent contractors | $1,435 |
| Occupancy, rent, utilities, and maintenance | $1,166 |
| Printing, publications, postage, and shipping | $778 |
| Other expenses | $5,874 |
| Total expenses | $21,253 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $231,093 |
| Other assets | $0 |
| Total assets | $231,093 |
| Total liabilities | $0 |
| Net assets or fund balances | $231,093 |
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