Bayou Liberty Water Association
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $155.5k
- Employees
- 12
- Location
- Slidell, LA
- Founding
- 02/1974
- Data as of
- 11/2021
- EIN
- 72-0695029
Organization Overview
Bayou Liberty Water Association is located in Slidell, LA. The organization was established in 1974. 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 11/2021, Bayou Liberty Water Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayou Liberty 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 11/2021, Bayou Liberty Water Association generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $849.9k during the year ending 11/2021. While expenses have increased by 2.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING WATER SERVICE TO ITS MEMBERS LOCATED IN ST. TAMMANY PARISH LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SECURE, OBTAIN, ERECT, CONSTRUCT AND/OR BUILD, AND TO OPERATE AND MAINTAIN A WATER SYSTEM TO SERVE CERTAIN TOWNSHIPS IN ST. TAMMANY PARISH, LOUISIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
L Craig Sollberger Association Manager | Officer | 40 | $71,971 |
Stanley N Pichonjr President | OfficerTrustee | 1 | $7,473 |
C J Pichon Board Member | Trustee | 1 | $5,000 |
Diane Reed Treasurer | OfficerTrustee | 1 | $3,400 |
Catherine Galatas Secretary | OfficerTrustee | 1 | $3,400 |
O'neal Galloway Board Member | Trustee | 1 | $2,100 |
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 | $1,206,463 |
| Investment income | $1,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,805 |
| 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 | $1,231,890 |
| 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. | $121,161 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,770 |
| Pension plan accruals and contributions | $3,318 |
| Other employee benefits | $36,444 |
| Payroll taxes | $30,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,325 |
| Fees for services: Accounting | $23,106 |
| 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 | $15,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,086 |
| Travel | $221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,142 |
| Insurance | $30,108 |
| All other expenses | $33,991 |
| Total functional expenses | $849,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,565 |
| Savings and temporary cash investments | $375,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,824 |
| 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 | $43,326 |
| Net Land, buildings, and equipment | $1,946,326 |
| Investments—publicly traded securities | $335,175 |
| Investments—other securities | $155,469 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,482 |
| Total assets | $3,227,328 |
| Accounts payable and accrued expenses | $32,482 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $204,362 |
| Total liabilities | $236,844 |
| Net assets without donor restrictions | $2,990,484 |
| 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 | $3,227,328 |
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