Bayou Liberty Water Association
- Assets
- $4.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Slidell, LA
- Founding
- 02/1974
- Data as of
- 11/2023
- 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 11/2023, Bayou Liberty Water Association employed 9 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 11/2023, Bayou Liberty Water Association generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.0m during the year ending 11/2023. While expenses have increased by 4.2% 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 SECURE, OBTAIN, ERECT, CONSTRUCT AND/OR BUILD, AND TO OPERATE AND MAINTAIN A WATER SYSTEM TO SERVE PROPERTY LYING AND BEING SITUATED 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 | $77,092 |
Cj Pichon President | OfficerTrustee | 1 | $6,200 |
Oneal Galloway Vice President | OfficerTrustee | 1 | $4,550 |
Diane Reed Treasurer | OfficerTrustee | 1 | $2,600 |
Catherine Galatas Secretary | OfficerTrustee | 1 | $2,600 |
Lonnie Garcia Board Member | Trustee | 1 | $1,400 |
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 | $1,297,077 |
| Investment income | $8,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $32,127 |
| Net Gain/Loss on Asset Sales | $6,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,360,373 |
| 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. | $145,278 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $294,952 |
| Pension plan accruals and contributions | $4,351 |
| Other employee benefits | $48,916 |
| Payroll taxes | $29,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,900 |
| Fees for services: Accounting | $18,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $946 |
| Office expenses | $38,413 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,070 |
| Travel | $21,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,082 |
| Insurance | $76,117 |
| All other expenses | $5,129 |
| Total functional expenses | $1,023,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,551 |
| Savings and temporary cash investments | $1,087,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $113,344 |
| 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 | $63,581 |
| Net Land, buildings, and equipment | $1,867,290 |
| Investments—publicly traded securities | $507,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $321,914 |
| Total assets | $4,027,534 |
| Accounts payable and accrued expenses | $183,020 |
| 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 | $16,817 |
| Other liabilities | $209,184 |
| Total liabilities | $409,021 |
| Net assets without donor restrictions | $3,618,513 |
| 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 | $4,027,534 |