Freemanville Water System Inc
- Assets
- $1.9m
- Revenue
- $503.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Atmore, AL
- Founding
- 08/1984
- Data as of
- 04/2022
- EIN
- 63-0658412
Organization Overview
Freemanville Water System Inc is located in Atmore, AL. The organization was established in 1984. 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 04/2022, Freemanville Water System Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freemanville 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 04/2022, Freemanville Water System Inc generated $503.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $569.1k during the year ending 04/2022. While expenses have increased by 4.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RURAL WATER SYSTEM FURNISHING WATER FOR DOMESTIC, COMMERCIAL, AGRICULTURAL, INDUSTRIAL AND OTHER PURPOSES TO MEMBERS OF THE SYSTEM (WHICH CONSISTS OF APPROXIMATELY 1100 MEMBERS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ONE PROGRAM SERVICE. IT FURNISHES WATER TO A RURAL AREA THAT INCLUDES DOMESTIC, COMMERCIAL, AGRICULTURAL, AND INDUSTRIAL MEMBERS.
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 |
|---|---|---|---|
Edward Adams Sr President | OfficerTrustee | 1 | $0 |
Charla Biggs Secretary | Officer | 40 | $0 |
Callie Smith Treasurer | Officer | 40 | $0 |
Wilma Smith Director | Trustee | 1 | $0 |
Fayetta Kendrix-Pettway Director | Trustee | 1 | $0 |
Joe Pierce Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,180 |
| 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 | $30,180 |
| Total Program Service Revenue | $473,052 |
| Investment income | $224 |
| 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 | $503,456 |
| 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 | $182,472 |
| Pension plan accruals and contributions | $802 |
| Other employee benefits | $938 |
| Payroll taxes | $14,538 |
| Fees for services: Management | $3,050 |
| Fees for services: Legal | $6,045 |
| Fees for services: Accounting | $13,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $510 |
| Office expenses | $40,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,916 |
| Travel | $3,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,436 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,112 |
| Insurance | $34,472 |
| All other expenses | $12,490 |
| Total functional expenses | $569,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $728,439 |
| Savings and temporary cash investments | $211,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,454 |
| 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 | $2,531 |
| Net Land, buildings, and equipment | $880,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30 |
| Total assets | $1,874,773 |
| Accounts payable and accrued expenses | $36,425 |
| 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 | $265,000 |
| Other liabilities | $103,730 |
| Total liabilities | $405,155 |
| Net assets without donor restrictions | $0 |
| 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 | $859,987 |
| Retained earnings, endowment, accumulated income, or other funds | $609,631 |
| Total liabilities and net assets/fund balances | $1,874,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Central Electric Power Association Carthage, MS | $142,416,370 | $101,127,410 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |
Central Alabama Electric Cooperative Prattville, AL | $339,092,082 | $97,489,806 |
Institute Of Nuclear Power Operations Atlanta, GA | $114,402,885 | $104,860,180 |
Hart Electric Membership Corp Hartwell, GA | $227,728,767 | $84,026,536 |
East Mississippi Electric Power Meridian, MS | $245,986,766 | $82,434,057 |
Georgia System Operations Corporation Tucker, GA | $29,189,224 | $80,847,817 |
Tallahatchie Valley Electric Power Association Batesville, MS | $194,805,351 | $79,246,266 |
Magnolia Electric Power Association Mccomb, MS | $199,848,773 | $77,004,678 |