Big V Water Association
- Assets
- $4.7m
- Revenue
- $570.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Booneville, MS
- Founding
- 11/1993
- Data as of
- 12/2023
- EIN
- 64-0468730
Organization Overview
Big V Water Association is located in Booneville, MS. The organization was established in 1993. 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 12/2023, Big V Water Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big V Water Association 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 12/2023, Big V Water Association generated $570.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $656.8k during the year ending 12/2023. 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
FURNISH WATER TO BIG V COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SALES TO BIG V COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jurgen Hellriegel President | OfficerTrustee | 5 | $1,200 |
Bob Lambert Director | Trustee | 2 | $600 |
Judy Holley Director | Trustee | 2 | $600 |
Rita Mccarter Secretary | OfficerTrustee | 5 | $1,200 |
Rachel Livingston Vice President | OfficerTrustee | 2 | $600 |
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 | $566,905 |
| Investment income | $1,912 |
| 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 | $570,042 |
| 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. | $4,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $365 |
| Payroll taxes | $6,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $6,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $432 |
| Office expenses | $12,957 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,246 |
| Insurance | $29,560 |
| All other expenses | $18,791 |
| Total functional expenses | $656,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,558 |
| Savings and temporary cash investments | $188,979 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,831 |
| 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 | $7,511 |
| Net Land, buildings, and equipment | $4,093,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,307 |
| Total assets | $4,685,926 |
| Accounts payable and accrued expenses | $25,548 |
| 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 | $1,809,356 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,357 |
| Total liabilities | $1,886,261 |
| Net assets without donor restrictions | $2,799,665 |
| 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 | $4,685,926 |