Southern Rankin Water Association Inc
- Assets
- $2.3m
- Revenue
- $441.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Florence, MS
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 64-0595931
Organization Overview
Southern Rankin Water Association Inc is located in Florence, MS. The organization was established in 1981. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Southern Rankin Water Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Rankin Water Association 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 12/2021, Southern Rankin Water Association Inc generated $441.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $372.6k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WATER DISTRIBUTION AND MAINTENANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER AND MAINTENANCE OF RURAL WATER DISTRIBUTION SYSTEM FOR AN AVERAGE OF 1,300 USERS DURING THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Mayes Director | Trustee | 5 | $2,040 |
Gary Williams President/dir | OfficerTrustee | 10 | $1,976 |
Billy Terrell Vpres./dir | OfficerTrustee | 5 | $1,835 |
Gayland Sales Director | Trustee | 5 | $1,825 |
Miles Mcwilliams Director | Trustee | 5 | $1,751 |
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 | $439,194 |
| Investment income | $2,036 |
| 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 | $441,230 |
| 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. | $9,427 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,757 |
| Pension plan accruals and contributions | $7,521 |
| Other employee benefits | $1,146 |
| Payroll taxes | $6,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,914 |
| Fees for services: Accounting | $19,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,604 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,686 |
| Insurance | $12,005 |
| All other expenses | $174,287 |
| Total functional expenses | $372,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,427 |
| Savings and temporary cash investments | $792,674 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,709 |
| 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 |
| Net Land, buildings, and equipment | $1,107,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,904 |
| Total assets | $2,276,317 |
| Accounts payable and accrued expenses | $1,721 |
| 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 | $0 |
| Other liabilities | $117,286 |
| Total liabilities | $119,007 |
| Net assets without donor restrictions | $2,157,310 |
| 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 | $2,276,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Central Electric Power Association Carthage, MS | $142,416,370 | $101,127,410 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |
Central Alabama Electric Cooperative Prattville, AL | $339,092,082 | $97,489,806 |
Washington-St Tammany Electric Cooperative Inc 1570 Franklinton, LA | $266,667,290 | $97,380,073 |
Craighead Electric Cooperative Corporation Jonesboro, AR | $310,856,675 | $82,491,659 |
East Mississippi Electric Power Meridian, MS | $245,986,766 | $82,434,057 |
Tallahatchie Valley Electric Power Association Batesville, MS | $194,805,351 | $79,246,266 |
Magnolia Electric Power Association Mccomb, MS | $199,848,773 | $77,004,678 |
North East Mississippi Electric Power Association Oxford, MS | $187,264,914 | $81,626,434 |