Central Water Association Inc
- Assets
- $13.0m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Philadelphia, MS
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 64-0508575
Organization Overview
Central Water Association Inc is located in Philadelphia, MS. The organization was established in 1989. 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 06/2022, Central Water Association Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Water Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Central Water Association Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 2.3% 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 CLEAN, SAFE POTABLE WATER FOR THE MEMBERS WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A RURAL WATER SYSTEM FOR OUR MEMBERS. THE EXISTANCE OF A WATER SYSTEM RAISES THE WATER LEVEL OF THE COMMUNITIES SERVED BY THE WATER SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Breland President | OfficerTrustee | 12 | $10,400 |
Zachary Sanders Secretary | OfficerTrustee | 8 | $9,200 |
Robert Smith Vice Preside | OfficerTrustee | 8 | $9,200 |
Steve Barnett Director | Trustee | 6 | $8,000 |
Brent Gray Director | Trustee | 6 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $40,325 |
| 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 | $40,325 |
| Total Program Service Revenue | $3,617,209 |
| Investment income | $337 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,668,047 |
| 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. | $44,800 |
| Compensation of current officers, directors, key employees. | $44,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $890,624 |
| Pension plan accruals and contributions | $21,163 |
| Other employee benefits | $92,480 |
| Payroll taxes | $69,767 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $147 |
| Office expenses | $48,332 |
| 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 | $175,475 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $858,308 |
| Insurance | $45,678 |
| All other expenses | $457,062 |
| Total functional expenses | $4,044,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,457 |
| Savings and temporary cash investments | $696,246 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $607,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $305,339 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,733,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $665,409 |
| Total assets | $13,017,545 |
| Accounts payable and accrued expenses | $62,587 |
| 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 | $5,140,236 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $359,123 |
| Total liabilities | $5,561,946 |
| Net assets without donor restrictions | $7,455,599 |
| 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 | $13,017,545 |