Neely Utilities Inc
- Assets
- $157.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Neely, MS
- Founding
- 10/2019
- 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 undefined, Neely Utilities Inc generated $130.6k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.2% each year . All expenses for the organization totaled $90.0k during the year ending undefined. While expenses have increased by 12.2% per year over the past 3 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
Describe the Organization's Program Activity:
Part 3
COMMUNITY WATER
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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 | $62,047 |
| Membership dues | $0 |
| Investment income | $466 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $68,122 |
| Total Revenue | $130,635 |
| Statement of Expenses | |
|---|---|
| Total expenses | $90,004 |
| Balance Sheet | |
|---|---|
| Total assets | $157,225 |
| Total liabilities | $18,174 |
| Net assets or fund balances | $139,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Northeast Jeff Davis Water Association Prentiss, MS | $4,782,238 | $448,055 |