Summerfield Water System Inc is located in Summerfield, LA. The organization was established in 1982. 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, Summerfield Water System Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summerfield 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, Summerfield Water System Inc generated $176.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $144.6k during the year ending 12/2022. While expenses have increased by 1.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED WATER SERVICE TO APPROXIMATELY 432 MEMBERS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Patricia Avery Secretarytreasurer | 0 | $0 | |
Scott Lowery Director | 0 | $0 | |
Charolette Thompson Director | 0 | $0 | |
Danny Taylor Director | 0 | $0 | |
Darrell E Pepper President | 0 | $0 | |
Donna Bailey Vicepresident | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $175,830 |
Membership dues | $0 |
Investment income | $314 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $176,144 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $52,782 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $91,850 |
Total expenses | $144,632 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $142,406 |
Other assets | $0 |
Total assets | $438,019 |
Total liabilities | $1,712 |
Net assets or fund balances | $436,307 |
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