Duffee Water Association
- Assets
- $2.9m
- Revenue
- $402.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Little Rock, MS
- Founding
- 08/1999
- Data as of
- 12/2023
- EIN
- 64-0523216
Organization Overview
Duffee Water Association is located in Little Rock, MS. The organization was established in 1999. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Duffee Water Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duffee Water 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 12/2023, Duffee Water Association generated $402.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $402.5k during the year ending 12/2023. While expenses have increased by 1.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DUFFEE WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN LITTLE ROCK, MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEPRECIATION EXPENSE - DEPRECIATION IS CLAIMED ON THE WATER DISTRIBUTION SYSTEM AND ALL EQUIPMENT REQUIRED TO MAINTAIN AND SERVICE THE WELL, DISTRIBUTION SYSTEM, AND TREATMENT FACILITY. DEPRECIATION IS CLAIMED UTILIZING THE STRAIGHT LINE METHOD OF DEPRECIATION.
DUFFEE WATER ASSOCIATION, INC. PROVIDES WATER TO CUSTOMERS IN A RURAL AREA IN LITTLE ROCK, MISSISSIPPI.
INTEREST EXPENSE - DUFFEE WATER ASSOCIATION, INC. RECENTLY COMPLETED A LARGE EXPANSION AND UPGRADE OF THE WATER SYSTEM, INCLUDING A NEW WATER WELL. A LARGE PORTION OF THE REVENUE IS USED TO SERVICE THE DEBT TO THIS PROJECT.
SALARIES & WAGES EXPENSE - ALL EMPLOYEES OF THE ASSOCIATION WORK FOR THE BETTERMENT OF THE ASSOCIATION TO KEEP THE WELLS RUNNING AND SERVING ALL CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Alexander President | OfficerTrustee | 30 | $33,247 |
Cody Anderson Vice Preside | OfficerTrustee | 3 | $500 |
David Anderson Secretary | OfficerTrustee | 3 | $500 |
Robert Cress Director | Trustee | 3 | $500 |
Steven Motes Director | Trustee | 3 | $500 |
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 | $377,501 |
| Investment income | $24,481 |
| 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 | $401,982 |
| 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 | $87,397 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,090 |
| Advertising and promotion | $0 |
| Office expenses | $7,061 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,087 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,328 |
| Insurance | $12,330 |
| All other expenses | $3,024 |
| Total functional expenses | $402,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245 |
| Savings and temporary cash investments | $74,383 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,050 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,156 |
| Prepaid expenses and deferred charges | $7,552 |
| Net Land, buildings, and equipment | $2,342,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $429,548 |
| Total assets | $2,899,779 |
| Accounts payable and accrued expenses | $14,362 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,941,803 |
| Other liabilities | $47,077 |
| Total liabilities | $2,003,242 |
| Net assets without donor restrictions | $896,537 |
| 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 | $2,899,779 |