Richwoods Water Association Inc
- Assets
- $1.3m
- Revenue
- $319.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Mountain View, AR
- Founding
- Data as of
- 12/2023
- EIN
- 71-0705044
Organization Overview
Richwoods Water Association Inc is located in Mountain View, AR. 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 12/2023, Richwoods Water Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richwoods 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER UTILITIES TO RURAL CUSTOMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER UTILITIES TO RURAL CUSTOMERS
PROVIDE WATER UTILITIES TO RURAL CUSTOMERS
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 |
|---|---|---|---|
Chuck Hastings President | Officer | $0 | |
Darrell Richardson Vice Preside | Officer | $0 | |
Edward Stewart Treasurer | Officer | $0 | |
Edie Sutterfield Secretary | Officer | $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 | $317,444 |
| Investment income | $1,972 |
| 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 | $319,416 |
| 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 | $47,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,261 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,396 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,386 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $90,574 |
| Insurance | $2,900 |
| All other expenses | $0 |
| Total functional expenses | $360,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,843 |
| Savings and temporary cash investments | $58,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,831 |
| 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 | $2,623 |
| Net Land, buildings, and equipment | $1,117,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,275,845 |
| Accounts payable and accrued expenses | $12,483 |
| 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 | $556,776 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,488 |
| Total liabilities | $611,747 |
| Net assets without donor restrictions | $664,098 |
| 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 | $1,275,845 |