Lee County Water Association Inc
- Assets
- $4.1m
- Revenue
- $614.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Marianna, AR
- Founding
- Data as of
- 10/2020
- EIN
- 71-0446632
Organization Overview
Lee County Water Association Inc is located in Marianna, AR. As of 10/2020, Lee County Water Association Inc employed 8 individuals. Lee 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 10/2020, Lee County Water Association Inc generated $614.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $585.6k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING PORTABLE WATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED POTABLE WATER TO APPROXIMATELY 1,800 MEMBERS LOCATED IN RURAL LEE COUNTY, ARKANSAS DURING THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Holmes Director/pre | OfficerTrustee | 1 | $1,250 |
Earnest Sparks Director/v-P | OfficerTrustee | 1 | $1,250 |
Danny Odle Director/sec | OfficerTrustee | 1 | $1,250 |
Keith Freeland Director | Trustee | 1 | $1,125 |
Christopher Whitehead Director | Trustee | 1 | $750 |
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 | $612,389 |
| Investment income | $2,088 |
| 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 | $614,477 |
| 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. | $5,625 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,747 |
| Payroll taxes | $16,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,400 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $639 |
| Office expenses | $15,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,161 |
| Travel | $5,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,187 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $95,529 |
| Insurance | $0 |
| All other expenses | $13,432 |
| Total functional expenses | $585,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,322 |
| Savings and temporary cash investments | $1,088,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,024 |
| 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 | $6,299 |
| Net Land, buildings, and equipment | $2,790,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $604 |
| Total assets | $4,052,925 |
| Accounts payable and accrued expenses | $62,280 |
| 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 | $500,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $129,528 |
| Total liabilities | $692,703 |
| Net assets without donor restrictions | $3,360,222 |
| 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 | $4,052,925 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Memorial Hermann Hospital Based Physician Group Houston, TX | $12,517,571 | $82,920,785 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |