Morris Water Association
- Assets
- $594.0k
- Revenue
- $170.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Mize, MS
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 64-0574876
Organization Overview
Morris Water Association is located in Mize, MS. The organization was established in 1999. 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 06/2022, Morris Water Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morris 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 06/2022, Morris Water Association generated $170.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $154.4k during the year ending 06/2022. 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
PROVIDE RURAL WATER TO 336 RURAL AREA HOUSEHOLDS,FARMS FOR SAFE POTABLE WATER OTHERWISE DIFFICULT TO OBTAIN AT REASONABLE COSTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RURAL WATER TO 336 RURAL AREA HOUSEHOLDS,FARMS FOR SAFE POTABLE WATER OTHERWISE DIFFICULT TO OBTAIN AT REASONABLE COSTS.
TO PROVIDE POTABLE WATER TO RURAL HOUSEHOLDS AND FARMS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $682 |
| 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 | $170,740 |
| Statement of Expenses | |
|---|---|
| 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. | $475 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,086 |
| Fees for services: Management | $450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,301 |
| Advertising and promotion | $0 |
| Office expenses | $2,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,098 |
| Insurance | $5,540 |
| All other expenses | $0 |
| Total functional expenses | $154,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,720 |
| Savings and temporary cash investments | $139,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,743 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,974 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $282,500 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $240,796 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,620 |
| Total liabilities | $275,416 |
| 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 | $8,890 |
| Total liabilities and net assets/fund balances | $318,558 |