North Desoto Water System Inc
- Assets
- $3.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Stonewall, LA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 72-0827807
Organization Overview
North Desoto Water System Inc is located in Stonewall, LA. The organization was established in 2017. 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 12/2021, North Desoto Water System Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Desoto 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 12/2021, North Desoto Water System Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $857.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
PROVIDE WATER TO RURAL COMMUNITY IN DESOTO PARISH IN NORTHWEST LOUISIANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE RURAL WATER SYSTEM TO PROVIDE WATER TO APPROXIMATELY 1730 RESIDENCES, FARMS, AND BUSINESSES WHICH WOULD OTHERWISE NOT HAVE A RELIABLE SOURCE OF POTABLE WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Chandler Vice-Preside | OfficerTrustee | $0 | |
Randy Rodgers President | OfficerTrustee | $0 | |
Kirk Dickson Director | Trustee | $0 | |
Buford Huff Director | Trustee | $0 | |
Mark Welch Secretary/tr | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,126 |
| 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 | $131,126 |
| Total Program Service Revenue | $1,018,658 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$900 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,830 |
| 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 | $227,757 |
| Pension plan accruals and contributions | $6,803 |
| Other employee benefits | $38,658 |
| Payroll taxes | $17,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,369 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,500 |
| Advertising and promotion | $0 |
| Office expenses | $19,717 |
| Information technology | $2,241 |
| Royalties | $0 |
| Occupancy | $72,364 |
| Travel | $17,245 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $208,578 |
| Insurance | $16,672 |
| All other expenses | $36,883 |
| Total functional expenses | $857,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,558 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,813 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,529 |
| Prepaid expenses and deferred charges | $10,298 |
| Net Land, buildings, and equipment | $3,049,522 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,480 |
| Total assets | $3,684,200 |
| Accounts payable and accrued expenses | $49,840 |
| 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 | $469,044 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,322 |
| Total liabilities | $647,206 |
| Net assets without donor restrictions | $3,036,994 |
| 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 | $3,684,200 |
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