South Central Water Association Inc
- Assets
- $10.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Raymond, MS
- Founding
- 11/1970
- Data as of
- 08/2022
- EIN
- 64-0476005
Organization Overview
South Central Water Association Inc is located in Raymond, MS. The organization was established in 1970. 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 08/2022, South Central Water Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Central 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 08/2022, South Central Water Association Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.9m during the year ending 08/2022. While expenses have increased by 3.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER SERVICES FOR THE SOUTH CENTRAL PORTION OF HIND COUNTY, MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER SERVICES FOR THE SOUTH CENTRAL PORTION OF HINDS COUNTY, MISSISSIPPI TO AN AVERAGE OF 4,584 CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Osborn President | OfficerTrustee | 1 | $0 |
William W Ferguson Vice Pres | OfficerTrustee | 1 | $0 |
Mark Bridges Secretary | OfficerTrustee | 1 | $0 |
Rev Joseph Terry Director | Trustee | 1 | $0 |
Nadyne Mcgehee Director | Trustee | 1 | $0 |
Rev Toney Crisler Director | Trustee | 1 | $0 |
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 | $2,235,844 |
| Investment income | $6,399 |
| 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 | $2,242,243 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,337 |
| Pension plan accruals and contributions | $40,579 |
| Other employee benefits | $0 |
| Payroll taxes | $35,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,573 |
| Advertising and promotion | $0 |
| Office expenses | $81,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $38,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $441,516 |
| Insurance | $58,433 |
| All other expenses | $0 |
| Total functional expenses | $1,880,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,948 |
| Savings and temporary cash investments | $1,420,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,064 |
| 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 |
| Net Land, buildings, and equipment | $8,288,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,979 |
| Total assets | $10,480,269 |
| Accounts payable and accrued expenses | $35,915 |
| 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 | $1,142,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $299,917 |
| Total liabilities | $1,478,496 |
| Net assets without donor restrictions | $9,001,773 |
| 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 | $10,480,269 |
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