Combined Utilities Inc
- Assets
- $3.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Lucedale, MS
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 64-0613533
Organization Overview
Combined Utilities Inc is located in Lucedale, MS. The organization was established in 1997. 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, Combined Utilities Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Combined 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 12/2021, Combined Utilities Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $976.1k during the year ending 12/2021. While expenses have increased by 4.3% 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
TO PROVIDE A CLEAN, SAFE WATER SUPPLY TO THE RESIDENTS OF RURAL GEORGE COUNTY, MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAINTAINS A WATER DISTRIBUTION SYSTEM AND PROVIDES WATER TO APPROXIMATELY 2,100 MEMBERS IN GEORGE COUNTY, MISSISSIPPI.
THE ORGANIZATION MAINTAINS A WATER DISTRIBUTION SYSTEM AND PROVIDES WATER TO APPROXIMATELY 2,100 MEMBERS IN GEORGE COUNTY, MISSISSIPPI.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Mitchell Secretary | Officer | 40 | $45,795 |
Mary A Hearndon Bookkeeper | Officer | 40 | $33,320 |
Roy Caldwell President | OfficerTrustee | 1 | $0 |
Gerald Moody Sr Vice-Preside | OfficerTrustee | 1 | $0 |
Joe Lee Rouse Director | Trustee | 1 | $0 |
Michael Faurot Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,180 |
| 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 | $2,180 |
| Total Program Service Revenue | $1,054,497 |
| Investment income | $289 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,058,466 |
| 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. | $92,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,053 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,105 |
| Payroll taxes | $22,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $610 |
| Fees for services: Accounting | $10,165 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,780 |
| Office expenses | $35,530 |
| Information technology | $11,655 |
| Royalties | $0 |
| Occupancy | $118,630 |
| Travel | $1,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $52,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $184,086 |
| Insurance | $26,893 |
| All other expenses | $9,173 |
| Total functional expenses | $976,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,008,224 |
| Savings and temporary cash investments | $574,262 |
| Pledges and grants receivable | $88,619 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $44,819 |
| Prepaid expenses and deferred charges | $27,914 |
| Net Land, buildings, and equipment | $887,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,908 |
| Other assets | $914,409 |
| Total assets | $3,548,302 |
| Accounts payable and accrued expenses | $516,650 |
| 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 | $1,861,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $222,041 |
| Total liabilities | $2,600,202 |
| Net assets without donor restrictions | $726,239 |
| Net assets with donor restrictions | $221,861 |
| 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 | $3,548,302 |
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|---|---|---|
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 |