Hamilton Water District Inc
- Assets
- $4.1m
- Revenue
- $887.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Hamilton, MS
- Founding
- 08/2018
- Data as of
- 09/2022
- EIN
- 64-0441304
Organization Overview
Hamilton Water District Inc is located in Hamilton, MS. The organization was established in 2018. 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. As of 09/2022, Hamilton Water District Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hamilton Water District 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 09/2022, Hamilton Water District Inc generated $887.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $949.1k during the year ending 09/2022. While expenses have increased by 1.7% per year over the past 5 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
PROVIDE WATER SALES AND SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SALES AND SERVICES TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bell Vice President | Officer | 1 | $550 |
Donnie Irvin Treasurer | Officer | 1 | $500 |
Susan Honeycutt President | Officer | 1 | $400 |
John W Mccartney Vice President | Officer | 1 | $350 |
Gerald Pounders Director | Trustee | 1 | $300 |
Tracy Pickle Secretary | Officer | 1 | $150 |
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 | $886,009 |
| Investment income | $1,360 |
| 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 | $887,369 |
| 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. | $2,350 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $222,533 |
| Pension plan accruals and contributions | $6,322 |
| Other employee benefits | $0 |
| Payroll taxes | $15,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,959 |
| Advertising and promotion | $0 |
| Office expenses | $10,416 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,567 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,226 |
| Interest | $174,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,715 |
| Insurance | $54,934 |
| All other expenses | $2,740 |
| Total functional expenses | $949,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,234 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,696 |
| Prepaid expenses and deferred charges | $14,651 |
| Net Land, buildings, and equipment | $3,467,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,106,843 |
| Accounts payable and accrued expenses | $159,818 |
| 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 | $4,544,442 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,704,260 |
| Net assets without donor restrictions | -$1,416,554 |
| Net assets with donor restrictions | $819,137 |
| 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 | $4,106,843 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hamilton Water District Inc has recieved totaling $42.
| Awarding Organization | Amount |
|---|---|
Herman And Hazel Owen Foundation Columbus, MS PURPOSE: INDIGENT CARE | $42 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Electric Cooperative Inc Greenville, AL | $91,310,213 | $29,119,242 |
Dixie Community Utility Association Hattiesburg, MS | $4,284,308 | $1,153,354 |
Hamilton Water District Inc Hamilton, MS | $4,106,843 | $887,369 |
Southwest Lauderdale Water Association Inc Meridian, MS | $7,343,425 | $1,197,114 |
Better Waterworks Inc Swartz, LA | $3,539,567 | $485,708 |
Yokena Jeff Davis Water District Inc Vicksburg, MS | $1,956,064 | $783,016 |
Lily Rose Water Association Inc Prentiss, MS | $6,757,878 | $486,671 |
Sterrett-Vandiver Water System Inc Sterrett, AL | $2,343,775 | $716,706 |
Big V Water Association Booneville, MS | $4,893,512 | $629,362 |
Kipling Water Assn Dekalb, MS | $3,891,971 | $498,208 |
Northeast Perry County Utility Association Richton, MS | $2,850,612 | $553,065 |
N-E-W Carroll Water Association Kilbourne, LA | $981,756 | $568,672 |