Kipling Water Assn
- Assets
- $3.9m
- Revenue
- $498.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Dekalb, MS
- Founding
- 02/2001
- Data as of
- 06/2021
- EIN
- 64-0536284
Organization Overview
Kipling Water Assn is located in Dekalb, MS. The organization was established in 2001. 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. As of 06/2021, Kipling Water Assn employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kipling Water Assn 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 06/2021, Kipling Water Assn generated $498.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $616.3k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CONSISTENT AND RELIABLE WATER SERVICE TO APPROXIMATELY 1,100 RURAL COMMUNITY WATER CUSTOMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED CONSISTENT AND RELIABLE WATER SERVICE TO APPROXIMATELY 1,100 RURAL COMMUNITY WATER CUSTOMERS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dewayne Hull Director | Trustee | 0.25 | $500 |
Lynn Legette Vice Preside | Officer | 0.25 | $450 |
Steve Rawsom Director | Officer | 0.25 | $450 |
Charles Westerfield Director | Officer | 0.25 | $450 |
Debra Mcrae Director | Officer | 0.25 | $350 |
Willie Cole Director | Officer | 0.25 | $300 |
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 | $497,924 |
| Investment income | $284 |
| 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 | $498,208 |
| 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. | $2,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,000 |
| Payroll taxes | $10,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $45 |
| Office expenses | $2,292 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,663 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $272 |
| Interest | $62,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,289 |
| Insurance | $56,707 |
| All other expenses | $27,469 |
| Total functional expenses | $616,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,311 |
| Savings and temporary cash investments | $881,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,629 |
| 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 | $2,352 |
| Net Land, buildings, and equipment | $2,945,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $271 |
| Total assets | $3,891,971 |
| Accounts payable and accrued expenses | $21,067 |
| 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 | $1,433,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,454,081 |
| Net assets without donor restrictions | $0 |
| 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 | $2,573,974 |
| Retained earnings, endowment, accumulated income, or other funds | -$136,084 |
| Total liabilities and net assets/fund balances | $3,891,971 |
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