Breckenridge-Union Water Users Assn
- Assets
- $931.3k
- Revenue
- $336.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Newport, AR
- Founding
- Data as of
- 12/2023
- EIN
- 71-0517439
Organization Overview
Breckenridge-Union Water Users Assn is located in Newport, AR. As of 12/2023, Breckenridge-Union Water Users Assn employed 4 individuals. Breckenridge-Union Water Users Assn 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 12/2023, Breckenridge-Union Water Users Assn generated $336.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $302.4k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF BRECKENRIDGE-UNION WATER USERS ASSOCIATION IS TO ASSOCIATE ITS MEMBERS TOGETHER FOR THEIR MUTUAL BENEFIT AND TO THAT END TO CONSTRUCT, MAINTAIN AND OPERATE A PRIVATE RURAL WATER SYSTEM FOR THE SUPPLYING OF WATER TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS CONTINUED TO PROVIDE ADEQUATE AND SAFE WATER TO RURAL HOUSEHOLDS. AS OF 12/31/2023, BRECKENRIDGE-UNION WATER USERS ASSOCIATION WAS PROVIDING WATER TO APPROXIMATELY 600 CUSTOMERS/MEMBERS. BRECKENRIDGE-UNION WATER USERS ASSOCIATION WILL CONTINUE TO UPGRADE/MAINTAIN THE CURRENT WATER MANAGMENT SYSTEM AND PURSUE AVAILABLE RESOURCES TO EXPAND THE WATER SYSTEM TO AS MANY HOUSEHOLDS/CUSTOMERS AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Sanford Manager | Officer | 40 | $24,792 |
Bobby Skinner Former Manager | Officer | 40 | $17,500 |
Monica Prince Director | Trustee | 1 | $0 |
Amy Piker Director | Trustee | 1 | $0 |
Talmadge Whitehead Director | Trustee | 1 | $0 |
Rick Bagwell 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 | $335,244 |
| Investment income | $1,022 |
| 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 | $336,266 |
| 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. | $42,292 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,390 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,375 |
| 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 | $285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,116 |
| Travel | $275 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,109 |
| Insurance | $0 |
| All other expenses | $73,336 |
| Total functional expenses | $302,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75 |
| Savings and temporary cash investments | $158,867 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,156 |
| Prepaid expenses and deferred charges | $1,300 |
| Net Land, buildings, and equipment | $731,437 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $931,302 |
| Accounts payable and accrued expenses | $12,968 |
| 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 | $463,077 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,320 |
| Total liabilities | $504,365 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $426,937 |
| Total liabilities and net assets/fund balances | $931,302 |