Marshall County Water Association Inc
- Assets
- $10.0m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Byhalia, MS
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 64-0785071
Organization Overview
Marshall County Water Association Inc is located in Byhalia, MS. The organization was established in 1996. 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, Marshall County Water Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall County 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, Marshall County Water Association Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPLY WATER TO RURAL RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INSTALL, MAINTAIN AND OPERATE WELLS AND A MAIN DISTRIBUTION PIPELINE FROM THE SOURCE OF THE WATER SUPPLY TO THE PROPERTY LINES OF OVER 1400 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Meadows Treasurer | OfficerTrustee | 1 | $0 |
James Norton Secretary | OfficerTrustee | 1 | $0 |
Charles Odum President | OfficerTrustee | 1 | $0 |
Harry Willis Vice Preside | OfficerTrustee | 1 | $0 |
Joyce Blackwell Director | Trustee | 1 | $0 |
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 | $3,098,507 |
| Investment income | $7,160 |
| 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 | $3,105,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $143,519 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,173 |
| 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 | $31,856 |
| 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 | $126,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,679 |
| Insurance | $7,460 |
| All other expenses | $27,497 |
| Total functional expenses | $1,417,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $900,301 |
| Savings and temporary cash investments | $887,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $228,433 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,920,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,036,148 |
| Accounts payable and accrued expenses | $190,358 |
| 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 | $4,710,743 |
| Other liabilities | $4,700 |
| Total liabilities | $4,905,801 |
| Net assets without donor restrictions | $5,130,347 |
| 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 | $10,036,148 |
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