Neely Utilities Inc
- Assets
- $138.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Neely, MS
- Founding
- 10/2019
- Data as of
- 06/2023
- EIN
- 64-0522654
Organization Overview
Neely Utilities Inc is located in Neely, MS. The organization was established in 2019. 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. Neely Utilities 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 06/2023, Neely Utilities Inc generated $69.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $83.7k during the year ending 06/2023. While expenses have increased by 7.0% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
COMMUNITY WATER
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Dixon Pres | 10 | $0 | |
Patsy Ware 1 Individual Trustees Or Directors | 1 | $0 | |
Gregg Williams 1 Individual Trustees Or Directors | 1 | $0 | |
Terry Green 1 Individual Trustees Or Directors | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $68,575 |
| Membership dues | $0 |
| Investment income | $393 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,968 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $33,723 |
| Occupancy, rent, utilities, and maintenance | $23,869 |
| Printing, publications, postage, and shipping | $1,201 |
| Other expenses | $24,924 |
| Total expenses | $83,717 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,327 |
| Other assets | $0 |
| Total assets | $138,196 |
| Total liabilities | $42,235 |
| Net assets or fund balances | $95,961 |