Plaisance Water System Inc
- Assets
- $4.1m
- Revenue
- $657.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Opelousas, LA
- Founding
- 11/1973
- Data as of
- 12/2022
- EIN
- 72-0710045
Organization Overview
Plaisance Water System Inc is located in Opelousas, LA. The organization was established in 1973. 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 12/2022, Plaisance Water System Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plaisance Water System 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.
For the year ending 12/2022, Plaisance Water System Inc generated $657.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $683.7k during the year ending 12/2022. While expenses have increased by 0.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER TO RURAL CONSUMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SALES 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 |
|---|---|---|---|
Ramona Fruge Secretary | Officer | 1 | $1,750 |
Joseph Welch President | Officer | 1 | $1,700 |
Preston Randle Vice Preside | Officer | 1 | $1,350 |
Grant Fontenot Former Presi | Officer | 1 | $1,250 |
Mildred Thierry Former Secre | Officer | 1 | $1,200 |
Lincoln Celestain 1st Treasure | Officer | 1 | $550 |
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 | $646,385 |
| Investment income | $2,797 |
| 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 | $657,590 |
| 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 | $161,675 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,890 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,242 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216 |
| Interest | $61,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,161 |
| Insurance | $0 |
| All other expenses | $78,914 |
| Total functional expenses | $683,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,489 |
| Savings and temporary cash investments | $620,407 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,240 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,517 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,006 |
| Net Land, buildings, and equipment | $3,093,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,109,529 |
| Accounts payable and accrued expenses | $13,381 |
| 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 | $1,995,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $223,242 |
| Total liabilities | $2,231,786 |
| Net assets without donor restrictions | $1,877,743 |
| 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 | $4,109,529 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Upshur-Rural Electric Cooperative Corporation Gilmer, TX | $245,628,727 | $98,243,041 |
Central Electric Power Association Carthage, MS | $142,416,370 | $101,127,410 |
San Bernard Electric Cooperative Incorporated Bellville, TX | $290,497,219 | $97,543,303 |
Washington-St Tammany Electric Cooperative Inc 1570 Franklinton, LA | $266,667,290 | $97,380,073 |
Bandera Electric Cooperative Inc Bandera, TX | $290,540,608 | $89,188,257 |
Nueces Electric Cooperative Inc Robstown, TX | $212,095,793 | $88,707,765 |
Wood County Electric Cooperative Quitman, TX | $215,165,812 | $87,928,096 |
Lyntegar Electric Cooperative Inc Tahoka, TX | $280,091,329 | $89,254,823 |
Bowie-Cass Electric Cooperative Inc Douglassville, TX | $207,355,878 | $84,643,047 |
Craighead Electric Cooperative Corporation Jonesboro, AR | $310,856,675 | $82,491,659 |