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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jimmy Ashcraft Board Member | Trustee | 2 | $1,100 |
Douglas Miles Board Member | Trustee | 2 | $1,100 |
Robert Robbins Board Member | Trustee | 2 | $1,000 |
Patrick Robbins Flynn Vice-President | OfficerTrustee | 2 | $900 |
Hank Bauer Jr President | OfficerTrustee | 10 | $800 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $400 |
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 | $377,384 |
Pension plan accruals and contributions | $18,661 |
Other employee benefits | $72,121 |
Payroll taxes | $28,692 |
Fees for services: Management | $0 |
Fees for services: Legal | $88,251 |
Fees for services: Accounting | $28,905 |
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 | $41,816 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,178 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,672 |
Interest | $236,435 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $648,883 |
Insurance | $44,259 |
All other expenses | $129,877 |
Total functional expenses | $2,651,789 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $674,606 |
Savings and temporary cash investments | $3,839,497 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $451,697 |
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 | $3,630 |
Net Land, buildings, and equipment | $9,450,409 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,777 |
Total assets | $14,425,616 |
Accounts payable and accrued expenses | $194,756 |
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 | $6,824,569 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $302,766 |
Total liabilities | $7,322,091 |
Net assets without donor restrictions | $7,103,525 |
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 | $14,425,616 |
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Middle Georgia Electric Membership Corporation Vienna, GA | $60,693,839 | $19,174,900 |
Tombigbee Electric Cooperative Inc Hamilton, AL | $70,534,555 | $17,768,087 |
Upson Electric Membership Corporation Thomaston, GA | $38,150,316 | $15,452,555 |
Marshall-Dekalb Electric Cooperative Boaz, AL | $96,065,726 | $18,545,582 |
Alcorn County Electric Power Association Corinth, MS | $107,123,733 | $19,179,595 |
Destin Water Users Inc Destin, FL | $116,857,681 | $20,467,236 |
Holley Navarre Water System Navarre, FL | $73,632,093 | $12,282,279 |
Tippah Electric Power Association Ripley, MS | $65,329,925 | $18,280,183 |
Pace Water Systems Inc Pace, FL | $100,740,740 | $12,498,088 |
South Walton Utility Company Inc Miramar Beach, FL | $77,529,965 | $12,379,659 |
Bear Creek Water Association Inc Madison, MS | $98,155,585 | $12,566,846 |