Dixie Overland Waterworks Inc
- Assets
- $1.3m
- Revenue
- $413.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Minden, LA
- Founding
- 08/1987
- Data as of
- 12/2022
- EIN
- 72-0885683
Organization Overview
Dixie Overland Waterworks Inc is located in Minden, LA. The organization was established in 1987. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie Overland Waterworks 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, Dixie Overland Waterworks Inc generated $413.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $251.4k during the year ending 12/2022. While expenses have increased by 5.0% 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 POTABLE WATER TO ITS MEMBERS AND OTHER CUSTOMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WATER TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Jackson President | OfficerTrustee | 5 | $0 |
John Merritt Secretary | OfficerTrustee | 2 | $0 |
Kenny Bryce Director | Trustee | 2 | $0 |
Larry Hock Director | Trustee | 2 | $0 |
Ben Miller Vice President | Trustee | 2 | $0 |
Glen Nelson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $172,183 |
| 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 | $172,183 |
| Total Program Service Revenue | $233,734 |
| Investment income | $61 |
| 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 | $413,213 |
| 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 | $3,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,510 |
| 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 | $14,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,185 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,308 |
| Insurance | $14,385 |
| All other expenses | $1,180 |
| Total functional expenses | $251,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,130 |
| Savings and temporary cash investments | $50,506 |
| Pledges and grants receivable | $5,310 |
| Accounts receivable, net | $18,323 |
| 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 | $1,675 |
| Net Land, buildings, and equipment | $1,135,126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4 |
| Total assets | $1,279,074 |
| Accounts payable and accrued expenses | $8,959 |
| 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 | $403,186 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,860 |
| Total liabilities | $418,005 |
| 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 | $123,855 |
| Retained earnings, endowment, accumulated income, or other funds | $737,214 |
| Total liabilities and net assets/fund balances | $1,279,074 |
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