Spanish Fort Water System Inc

Organization Overview

Spanish Fort Water System Inc is located in Spanish Fort, AL. The organization was established in 1968. 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, Spanish Fort Water System Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spanish Fort 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 12/2021, Spanish Fort Water System Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 4.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE WATER SERVICE TO THE SPANISH FORT AREA OF BALDWIN COUNTY, ALABAMA

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO OWN AND OPERATE A WATER DISTRIBUTION SYSTEM IN THE SPANISH FORT AREA OF BALDWIN COUNTY, ALABAMA.


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Board, Officers & Key Employees

Name (title)Compensation
Jimmy Ashcraft
Board Member
$1,100
Douglas Miles
Board Member
$1,100
Robert Robbins
Board Member
$1,000
Patrick Robbins Flynn
Vice-President
$900
Hank Bauer Jr
President
$800

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $105,120
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$105,120
Total Program Service Revenue$3,091,293
Investment income $8,767
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $26,084
Net Gain/Loss on Asset Sales -$45,407
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,206,001

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