East Feliciana Rural Water System Inc
- Assets
- $10.1m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Ethel, LA
- Founding
- Data as of
- 06/2022
- EIN
- 72-0927492
Organization Overview
East Feliciana Rural Water System Inc is located in Ethel, LA. As of 06/2022, East Feliciana Rural Water System Inc employed 11 individuals. East Feliciana Rural 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 06/2022, East Feliciana Rural Water System Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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 WATER TO RURAL AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER FOR APPROXIMATELY 3,900 MEMBERS OF THE SYSTEM WHICH IS LOCATED IN A RURAL AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard King President | Officer | 0 | $6,500 |
Willie Hardnett President | Trustee | 0 | $1,300 |
John Cadenhead Vice President | Officer | 0 | $1,300 |
David R Bowser Board Member | Trustee | 0 | $1,200 |
Ola W Spears Board Member | Trustee | 0 | $1,200 |
Ray Williams Board Member | Trustee | 0 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,773 |
| 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 | $85,773 |
| Total Program Service Revenue | $2,391,182 |
| Investment income | $18,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,578,275 |
| 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. | $16,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $462,879 |
| Pension plan accruals and contributions | $15,557 |
| Other employee benefits | $78,808 |
| Payroll taxes | $35,440 |
| Fees for services: Management | $200,630 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,731 |
| Advertising and promotion | $1,248 |
| Office expenses | $22,811 |
| 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 | $63,569 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,769 |
| Insurance | $80,937 |
| All other expenses | $176,124 |
| Total functional expenses | $1,961,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,798 |
| Savings and temporary cash investments | $2,294,207 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $335,472 |
| 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 | $67,811 |
| Net Land, buildings, and equipment | $3,778,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,972,342 |
| Total assets | $10,064,319 |
| Accounts payable and accrued expenses | $185,151 |
| 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 | $6,031,269 |
| Unsecured mortgages and notes payable | $389,056 |
| Other liabilities | $279,207 |
| Total liabilities | $6,884,683 |
| Net assets without donor restrictions | $2,026,309 |
| Net assets with donor restrictions | $1,153,327 |
| 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 | $10,064,319 |