Reedtown Water Association Inc
- Assets
- $4.6m
- Revenue
- $769.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Utica, MS
- Founding
- 05/1969
- Data as of
- 12/2019
- EIN
- 64-0473780
Organization Overview
Reedtown Water Association Inc is located in Utica, MS. The organization was established in 1969. 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 12/2017, Reedtown Water Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reedtown Water Association 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 12/2019, Reedtown Water Association Inc generated $769.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $645.5k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
REEDTOWN WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION IN HINDS COUNTY, MISSISSIPPI. THE ASSOCIATIONS MISSION IS TO PROVIDE WATER TO RURAL RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER TO ITS MEMBERS
TO PROVIDE WATER AND SEWER SERVICES TO ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Reed Vice Preside | Officer | 1 | $0 |
Robin Hood Jr President | Officer | 1 | $0 |
Johnny Breedlove Secretary | Officer | 1 | $0 |
Charls Davis Trustee | Trustee | 1 | $0 |
Luke Byrnes Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $769,357 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $222,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $220,483 |
| Advertising and promotion | $0 |
| Office expenses | $16,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,466 |
| Travel | $2,693 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $51,292 |
| All other expenses | $0 |
| Total functional expenses | $645,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,970 |
| Savings and temporary cash investments | $66,934 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,770 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $183 |
| Total assets | $4,588,227 |
| Accounts payable and accrued expenses | $19,701 |
| 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 | $657,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,889 |
| Total liabilities | $739,175 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,849,052 |
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