Southwest Boone County Water Association Inc is located in Harrison, AR. The organization was established in 1982. 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 12/2016, Southwest Boone 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. Southwest Boone 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 12/2016, Southwest Boone County Water Association Inc generated $913.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $853.0k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
WATER SALES AND SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WATER SALES AND SERVICE TO RURAL CUSTOMERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gill Sanders Member | Trustee | 0 | $0 |
Dorwin Shaddox Member | Trustee | 0 | $0 |
Charles Mallett Member | Trustee | 0 | $0 |
Edwin Eoff Member | Trustee | 0 | $0 |
Monty Madden Member | Trustee | 0 | $0 |
Allen Seal Member | Trustee | 0 | $0 |
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 | $910,307 |
Investment income | $3,179 |
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 | $913,486 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $177,444 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $29,826 |
Payroll taxes | $22,048 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,619 |
Advertising and promotion | $0 |
Office expenses | $14,007 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,200 |
Travel | $13,286 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $630 |
Interest | $56,054 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $165,526 |
Insurance | $17,388 |
All other expenses | $6,503 |
Total functional expenses | $853,031 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100 |
Savings and temporary cash investments | $470,270 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $94,399 |
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 | $1,694 |
Net Land, buildings, and equipment | $2,840,110 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,406,573 |
Accounts payable and accrued expenses | $106,730 |
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 | $1,158,340 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $125,260 |
Total liabilities | $1,390,330 |
Unrestricted restricted net Assets | $0 |
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 | $2,016,243 |