The Acorn Rural Water Association
- Assets
- $2.6m
- Revenue
- $703.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Mena, AR
- Founding
- 01/1993
- Data as of
- 05/2023
- EIN
- 71-0675473
Organization Overview
The Acorn Rural Water Association is located in Mena, AR. The organization was established in 1993. 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 05/2023, Acorn Rural Water Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acorn Rural Water Association 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 05/2023, Acorn Rural Water Association generated $703.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $657.4k during the year ending 05/2023. While expenses have increased by 4.6% 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
TO PROVIDE WATER TO RESIDENTS IN AND AROUND RURAL MENA, ARKANSAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES WATER TO RESIDENTS IN AND AROUND RURAL MENA, ARKANSAS, SPECIFICALLY IN THE ACORN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Boyd Vice Preside | OfficerTrustee | 1 | $0 |
Shawn Carter Director | Trustee | 1 | $0 |
Johnny Davis Director | Trustee | 1 | $0 |
Kris Lyle President | OfficerTrustee | 1 | $0 |
Mike May Secretary | OfficerTrustee | 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 | $700,393 |
| Investment income | $2,701 |
| 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 | $703,094 |
| 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 | $60,916 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,575 |
| 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 | $8,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,980 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126,771 |
| Insurance | $10,916 |
| All other expenses | $6,442 |
| Total functional expenses | $657,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,141 |
| Savings and temporary cash investments | $380,583 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,765 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,232 |
| Prepaid expenses and deferred charges | $4,181 |
| Net Land, buildings, and equipment | $2,066,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,200 |
| Other assets | $0 |
| Total assets | $2,634,733 |
| Accounts payable and accrued expenses | $28,896 |
| 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 | $1,336,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $67,308 |
| Total liabilities | $1,433,024 |
| Net assets without donor restrictions | $1,201,709 |
| 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 | $2,634,733 |