West Lawrence Water Cooperative
- Assets
- $8.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Mt Hope, AL
- Founding
- 06/1987
- Data as of
- 06/2023
- EIN
- 63-0674658
Organization Overview
West Lawrence Water Cooperative is located in Mt Hope, AL. The organization was established in 1987. 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 06/2023, West Lawrence Water Cooperative employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Lawrence Water Cooperative 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 06/2023, West Lawrence Water Cooperative generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. 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
SALE OF POTABLE WATER TO CUSTOMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED POTABLE DRINKING WATER TO 5,087 FAMILIES IN RURAL LAWRENCE AND FRANKLIN COUNTIES IN ALABAMA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Hurst Director | Trustee | 1 | $5,400 |
Wendell Mitchell Director | Trustee | 1 | $5,400 |
Alan Livingston Director | Trustee | 1 | $4,800 |
Lonette Peters Director | Trustee | 1 | $4,800 |
Keith Roberts Director | Trustee | 1 | $4,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,703 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $594,703 |
| Total Program Service Revenue | $0 |
| Investment income | $4,125 |
| 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 | $915,847 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,517,100 |
| 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. | $25,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $210,606 |
| Pension plan accruals and contributions | $41,967 |
| Other employee benefits | $126,929 |
| Payroll taxes | $15,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,936 |
| Fees for services: Accounting | $14,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,059 |
| Advertising and promotion | $2,096 |
| Office expenses | $85,087 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,099 |
| Travel | $267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,606 |
| Interest | $25,384 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $546,602 |
| Insurance | $0 |
| All other expenses | $16,200 |
| Total functional expenses | $1,178,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800 |
| Savings and temporary cash investments | $2,721,247 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $347,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $290,959 |
| Prepaid expenses and deferred charges | $54,993 |
| Net Land, buildings, and equipment | $5,164,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,648 |
| Total assets | $8,581,473 |
| Accounts payable and accrued expenses | $202,223 |
| 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 | $760,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $171,905 |
| Total liabilities | $1,134,128 |
| 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 | $2,283,091 |
| Retained earnings, endowment, accumulated income, or other funds | $5,164,254 |
| Total liabilities and net assets/fund balances | $8,581,473 |