East Madison Water Association Inc is located in Canton, 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 09/2022, East Madison Water Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Madison 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 09/2022, East Madison Water Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER FOR THE APPROXIMATELY 2750 MEMBERS OF THE SYSTEM AT THE LOWEST POSSIBLE COST
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER FOR THE APPROXIMATELY 2750 MEMBERS AT THE LOWEST POSSIBLE COST
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mattie V Hughes General Manager | Officer | 40 | $43,682 |
David C Allen Field Supervisor | Officer | 10 | $15,751 |
Leroy Lacy President | Officer | 2 | $3,525 |
Andrew Smith Director | Trustee | 1 | $3,330 |
Dorothy Lewis Sect Treas | Officer | 1 | $3,250 |
Carl Fleming Director | Trustee | 1 | $3,225 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $4,780 |
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 | $4,780 |
Total Program Service Revenue | $1,190,189 |
Investment income | $2,184 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $2,500 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,199,653 |
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. | $81,313 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $176,813 |
Pension plan accruals and contributions | $2,086 |
Other employee benefits | $41,076 |
Payroll taxes | $18,490 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,800 |
Fees for services: Accounting | $21,039 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,314 |
Advertising and promotion | $0 |
Office expenses | $27,217 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $11,235 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $125,330 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $207,349 |
Insurance | $30,689 |
All other expenses | $10,617 |
Total functional expenses | $1,113,620 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $172,727 |
Savings and temporary cash investments | $1,320,899 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $101,994 |
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 | $13,865 |
Net Land, buildings, and equipment | $3,663,284 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $987 |
Total assets | $5,273,756 |
Accounts payable and accrued expenses | $50,066 |
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 | $2,883,419 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $142,454 |
Total liabilities | $3,075,939 |
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 | $6,356 |
Retained earnings, endowment, accumulated income, or other funds | $2,191,461 |
Total liabilities and net assets/fund balances | $5,273,756 |
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