Keatchie Water System Inc
- Assets
- $914.9k
- Revenue
- $493.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Keatchie, LA
- Founding
- 12/1973
- Data as of
- 06/2017
- EIN
- 72-0736327
Organization Overview
Keatchie Water System Inc is located in Keatchie, 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 06/2017, Keatchie Water System Inc employed 5 individuals. Keatchie 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 06/2017, Keatchie Water System Inc generated $493.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $536.2k during the year ending 06/2017. While expenses have increased by 4.2% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SYSTEM PROVIDES WATER SERVICES TO ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy J Mcfadden President | Officer | 2 | $400 |
Thomas C Hall Sec/treasurer | Officer | 2 | $400 |
Leon Shaw Board Member | Trustee | 2 | $400 |
Bruce Abrams Vice President | Officer | 2 | $350 |
Charles Cowdin Board Member | Trustee | 2 | $300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,357 |
| 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 | $493,782 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $121,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,821 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,746 |
| Insurance | $31,576 |
| All other expenses | $0 |
| Total functional expenses | $536,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,968 |
| Savings and temporary cash investments | $182,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,676 |
| 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 | $7,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $150 |
| Total assets | $914,878 |
| Accounts payable and accrued expenses | $43,532 |
| 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 | $92,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $105,735 |
| Total liabilities | $242,147 |
| Net assets without donor restrictions | $490,259 |
| Net assets with donor restrictions | $182,472 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $672,731 |
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