Hardin Water Association Inc
- Assets
- $3.5m
- Revenue
- $824.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Pine Bluff, AR
- Founding
- 09/1967
- Data as of
- 09/2019
- EIN
- 71-0394475
Organization Overview
Hardin Water Association Inc is located in Pine Bluff, AR. The organization was established in 1967. 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 09/2019, Hardin Water Association Inc employed 4 individuals. Hardin 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 09/2019, Hardin Water Association Inc generated $824.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $772.6k during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 4 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
RURAL WATER ASSOCIATION FORMED TO PROVIDE A WATER SUPPLY FOR THE BENEFIT OF THOSE PERSONS WHO ARE MEMBERS OF THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED WATER TO 2,222 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Smith President | OfficerTrustee | 5 | $599 |
Richard Rhoden Vice Preside | OfficerTrustee | $599 | |
Mike Holland Secretary/tr | OfficerTrustee | $599 | |
Eugene Meyer Director | Trustee | $599 | |
Gary Goldman Director | Trustee | $599 | |
Curtis White Director | Trustee | $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 | $805,245 |
| Investment income | $16,924 |
| 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 | $824,726 |
| 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. | $3,195 |
| Compensation of current officers, directors, key employees. | $3,195 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,671 |
| Pension plan accruals and contributions | $11,249 |
| Other employee benefits | $36,203 |
| Payroll taxes | $13,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $370 |
| Office expenses | $17,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,255 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,185 |
| Interest | $33,833 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,401 |
| Insurance | $23,960 |
| All other expenses | $45,692 |
| Total functional expenses | $772,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $536,538 |
| Savings and temporary cash investments | $748,103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,114 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,717 |
| Prepaid expenses and deferred charges | $4,797 |
| Net Land, buildings, and equipment | $2,003,751 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,479,020 |
| Accounts payable and accrued expenses | $89,530 |
| 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 | $793,149 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,434 |
| Total liabilities | $942,113 |
| Unrestricted restricted net Assets | $2,536,907 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $2,536,907 |