Bayou Teche Water Works Inc
- Assets
- $4.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Loreauville, LA
- Founding
- 05/1992
- Data as of
- 09/2023
- EIN
- 72-0769781
Organization Overview
Bayou Teche Water Works Inc is located in Loreauville, LA. The organization was established in 1992. 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 09/2023, Bayou Teche Water Works Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayou Teche Water Works 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 09/2023, Bayou Teche Water Works Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.7m during the year ending 09/2023. While expenses have increased by 6.9% per year over the past 5 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
WATER UTILITY FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER UTILITY FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin Bertrand President | OfficerTrustee | 5 | $2,080 |
Curry Oubre Secretary | OfficerTrustee | 5 | $1,020 |
Randy Theriot Vice President | OfficerTrustee | 5 | $1,020 |
Ted Habetz Director | Trustee | 5 | $650 |
James Comeaux Director | Trustee | 5 | $600 |
Fred Foti Director | Trustee | 5 | $600 |
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 | $0 |
| Investment income | $10,999 |
| 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 | $1,624,673 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,642,211 |
| 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. | $7,170 |
| Compensation of current officers, directors, key employees. | $7,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,113 |
| Pension plan accruals and contributions | $9,593 |
| Other employee benefits | $0 |
| Payroll taxes | $26,094 |
| 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 | $24,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,912 |
| Travel | $2,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $85,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $290,845 |
| Insurance | $110,698 |
| All other expenses | $59,579 |
| Total functional expenses | $1,739,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $436,722 |
| Savings and temporary cash investments | $862,356 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $189,750 |
| 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 | $3,656 |
| Net Land, buildings, and equipment | $3,288,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,780,964 |
| Accounts payable and accrued expenses | $73,963 |
| 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 | $2,266,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $65,435 |
| Total liabilities | $2,405,756 |
| Net assets without donor restrictions | $0 |
| 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 | $2,375,208 |
| Total liabilities and net assets/fund balances | $4,780,964 |