Coaling Water Authority Inc
- Assets
- $3.5m
- Revenue
- $928.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Coaling, AL
- Founding
- 09/1969
- Data as of
- 04/2023
- EIN
- 63-0577868
Organization Overview
Coaling Water Authority Inc is located in Coaling, AL. 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 04/2023, Coaling Water Authority Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coaling Water Authority Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2023, Coaling Water Authority Inc generated $928.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.0m during the year ending 04/2023. While expenses have increased by 4.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO SUPPLY WATER TO RURAL CUSTOMERS IN COALING, ALABAMA AND SURROUNDING AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PRIMARY TAX EXEMPT PURPOSE IS TO PROVIDE A PUBLIC WATER SYSTEM FOR RURAL CUSTOMERS IN COALING, ALABAMA AND SURROUNDING AREAS.
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 |
|---|---|---|---|
John W Foster Chairman | OfficerTrustee | 2 | $2,400 |
Robert Kirksey Secretary/tr | OfficerTrustee | 2 | $2,400 |
W G Legrone Vice Chairma | OfficerTrustee | 2 | $2,400 |
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 | $910,589 |
| Investment income | $14,104 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $928,730 |
| 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 | $138,363 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,796 |
| Payroll taxes | $10,585 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,924 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,854 |
| Advertising and promotion | $0 |
| Office expenses | $12,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,069 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,692 |
| Insurance | $18,129 |
| All other expenses | $50,342 |
| Total functional expenses | $1,013,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,398 |
| Savings and temporary cash investments | $1,423,111 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,074 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,499,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,493,494 |
| Accounts payable and accrued expenses | $50,520 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $189,799 |
| Total liabilities | $240,319 |
| Net assets without donor restrictions | $3,253,175 |
| 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 | $3,493,494 |