Northeast Perry County Utility Association
- Assets
- $2.9m
- Revenue
- $553.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Richton, MS
- Founding
- 12/2009
- Data as of
- 12/2022
- EIN
- 64-0479374
Organization Overview
Northeast Perry County Utility Association is located in Richton, MS. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Perry County Utility 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 12/2022, Northeast Perry County Utility Association generated $553.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $516.7k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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
THE ORGANIZATION PROVIDES WATER TO THE NORTHEAST PORTION OF PERRY COUNTY, MS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS A RURAL WATER ASSOCIATION PROVIDING WATER TO THE NORTHEAST PORTION OF PERRY COUNTY MISSISSIPPI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Evan Craft President | Trustee | 0 | $1,175 |
Shawn Mercer Vice President | Trustee | 0 | $1,000 |
Lavelle Dykes Secretary | Trustee | 0 | $800 |
Roy Lee Smith Director | Trustee | 0 | $400 |
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 | $546,631 |
| Investment income | $1,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,200 |
| 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 | $553,065 |
| 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. | $4,175 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,993 |
| Payroll taxes | $11,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $600 |
| Office expenses | $15,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,507 |
| Insurance | $21,643 |
| All other expenses | $19,950 |
| Total functional expenses | $516,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,960 |
| Savings and temporary cash investments | $253,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,754 |
| 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 | $2,354,773 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100 |
| Total assets | $2,850,612 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,840,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,112 |
| Total liabilities | $1,935,448 |
| Net assets without donor restrictions | $915,164 |
| 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 | $2,850,612 |
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 |