South Terry Water Assn Inc is located in Terry, MS. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is the central organization for a national or regional group of organizations. South Terry Water Assn 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 06/2022, South Terry Water Assn Inc generated $107.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $109.9k during the year ending 06/2022. While expenses have increased by 0.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WATER SERVICES TO RURAL AREA OF TERRY, HINDS COUNTY, MISSISSIPPI. FOR 2021, THE SOUTH TERRY WATER ASSOCIATION SERVED 218 MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sylvia Mcdavid Sec/treasurer | 20 | $14,400 | |
James Green President | 20 | $7,650 | |
Wava Peteres Vice-President | 1 | $0 | |
Patricia Joiner Director | 1 | $0 | |
Tonya Tate Director | 1 | $0 | |
Kathy Hearn Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $106,776 |
Investment income | $62 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $400 |
Total Revenue | $107,238 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $22,050 |
Professional fees and other payments to independent contractors | $16,520 |
Occupancy, rent, utilities, and maintenance | $7,258 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $64,112 |
Total expenses | $109,940 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $221,194 |
Other assets | $0 |
Total assets | $473,816 |
Total liabilities | $33,245 |
Net assets or fund balances | $440,571 |
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