Progress Community Water Association
- Assets
- $4.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Purvis, MS
- Founding
- 06/1991
- Data as of
- 06/2021
- EIN
- 64-0638593
Organization Overview
Progress Community Water Association is located in Purvis, MS. The organization was established in 1991. 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 06/2021, Progress Community Water Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Progress Community 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 06/2021, Progress Community Water Association generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 4.0% 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
COMMUNITY WATER ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY WATER ASSOCIATION FOR THE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Hale Director | Officer | 5 | $0 |
Debra Montague Director | Officer | 5 | $0 |
Jack Smith Secretary Treasurer | Officer | 5 | $0 |
Robert Morris President | Officer | 5 | $0 |
Brad Courtney Director | Officer | 5 | $0 |
Blake Barnes Director | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $714,709 |
| Investment income | $4,210 |
| 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 | $967,398 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,686,317 |
| 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. | $8,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,296 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,139 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,578 |
| Office expenses | $8,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $66,454 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $252,362 |
| Insurance | $58,781 |
| All other expenses | $0 |
| Total functional expenses | $1,030,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,078 |
| Savings and temporary cash investments | $691,399 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,957 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,540 |
| Prepaid expenses and deferred charges | $61,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,164,957 |
| Total assets | $4,315,319 |
| Accounts payable and accrued expenses | $18,872 |
| 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 | $1,774,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,793,469 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,521,850 |
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