Hobson Water System
- Assets
- $492.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chatom, AL
- Founding
- 03/1993
- Data as of
- 06/2022
- EIN
- 63-0677115
Organization Overview
Hobson Water System is located in Chatom, AL. The organization was established in 1993. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hobson 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 06/2022, Hobson Water System generated $102.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $88.6k during the year ending 06/2022. While expenses have increased by 1.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED WATER FOR APPROXIMATELY 220 RURAL WASHINGTON COUNTY, ALABAMA RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gordon Sloat President | 1 | $0 | |
Lyle Beech Vice President | 1 | $0 | |
Sandra L Dees Sectreas | 10 | $0 | |
Gerald Everett Director | 1 | $0 | |
Billy J Odom Director | 1 | $0 | |
Charles Baxter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $102,305 |
| Membership dues | $0 |
| Investment income | $60 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $28 |
| Total Revenue | $102,393 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $82,643 |
| Total expenses | $88,643 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $251,213 |
| Other assets | $0 |
| Total assets | $492,720 |
| Total liabilities | $290,751 |
| Net assets or fund balances | $201,969 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Bear Creek Water Association Inc Madison, MS | $98,155,585 | $12,566,846 |
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Franklin Electric Cooperative Russellville, AL | $55,032,541 | $9,493,610 |
Pontotoc Electric Power Assn Pontotoc, MS | $90,087,591 | $12,564,060 |
Tishomingo Co Electric Power Assn Iuka, MS | $49,362,080 | $9,007,750 |
Tennessee One-Call System Inc Nashville, TN | $15,040,368 | $8,322,679 |
Island Water Association Inc Sanibel, FL | $37,970,400 | $8,170,096 |
Gasparilla Island Water Assoc Inc Boca Grande, FL | $40,821,701 | $6,839,429 |
Auburn Water System Inc Crestview, FL | $22,363,702 | $6,295,559 |
V A W Water System Inc Vinemont, AL | $12,897,303 | $4,026,723 |
Central Water Association Inc Philadelphia, MS | $12,461,015 | $3,486,886 |
Greater Pine Island Water Association Inc Bokeelia, FL | $22,001,864 | $4,257,303 |