Prairie Land Water Association Inc
- Assets
- $10.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Columbus, MS
- Founding
- 03/2002
- Data as of
- 06/2023
- EIN
- 64-0700990
Organization Overview
Prairie Land Water Association Inc is located in Columbus, MS. The organization was established in 2002. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2023, Prairie Land Water Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Land 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 06/2023, Prairie Land Water Association Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 6.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER/SEWER SALES AND SERVICES TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER/SEWER SALES AND SERVICES TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel G Rayfield General Manager | 40 | $133,013 | |
Greg Hill Director | Trustee | 0.5 | $1,200 |
Chuck Younger Director | Trustee | 0.5 | $1,200 |
Billy Pickens Vice President | Officer | 0.5 | $1,200 |
Nick Hairston Sec/treasurer | Officer | 0.5 | $1,200 |
Dr David K Curtis President | Officer | 0.5 | $1,000 |
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 | $1,062,057 |
| Investment income | $1,388 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,778 |
| 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 | $1,076,223 |
| 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. | $138,813 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,148 |
| Pension plan accruals and contributions | $3,593 |
| Other employee benefits | $0 |
| Payroll taxes | $24,762 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,339 |
| Fees for services: Accounting | $4,685 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54 |
| Advertising and promotion | $0 |
| Office expenses | $4,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $158,180 |
| Travel | $30,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,106 |
| Interest | $113,784 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $321,843 |
| Insurance | $53,661 |
| All other expenses | $14,822 |
| Total functional expenses | $1,241,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,254,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $143,876 |
| 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 | $9,326 |
| Net Land, buildings, and equipment | $8,940,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138 |
| Total assets | $10,348,938 |
| Accounts payable and accrued expenses | $346,073 |
| 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 | $4,379,939 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,726,012 |
| Net assets without donor restrictions | $305,280 |
| Net assets with donor restrictions | $5,317,646 |
| 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 | $10,348,938 |