St Stephens Water System
- Assets
- $1.7m
- Revenue
- $234.3k
- Investments
- $0.0
- Employees
- 1
- Location
- St Stephens, AL
- Founding
- 09/2004
- Data as of
- 09/2024
- EIN
- 63-0649309
Organization Overview
St Stephens Water System is located in St Stephens, AL. The organization was established in 2004. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance 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. St Stephens Water System 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 09/2024, St Stephens Water System generated $234.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $178.6k during the year ending 09/2024. While expenses have increased by 0.6% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE DRINKING WATER TO A RURAL POPULATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAFE DRINKING WATER TO APPROXIMATELY 310 RURAL RESIDENCES AND BUSINESSES, AND ANOTHER ADJOINING RURAL WATER SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sammie Faith Diremployee | OfficerTrustee | 16 | $0 |
L C Howell III Direcor | Trustee | 5 | $0 |
Angie Mc Manus Secretary | Officer | 5 | $0 |
Jack Johnson President | Officer | 5 | $0 |
Neal Grimes Vice President | Officer | 5 | $0 |
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 | $212,573 |
| Investment income | $21,700 |
| 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 | $234,323 |
| 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 | $12,984 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,312 |
| Fees for services: Accounting | $1,565 |
| 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 | $5,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,902 |
| Insurance | $10,292 |
| All other expenses | $8,146 |
| Total functional expenses | $178,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,484 |
| Savings and temporary cash investments | $565,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,461 |
| 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 | $1,058,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,391 |
| Total assets | $1,715,705 |
| Accounts payable and accrued expenses | $3,488 |
| 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 | $464,883 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,032 |
| Total liabilities | $497,403 |
| Net assets without donor restrictions | $1,218,302 |
| 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 | $1,715,705 |