East Feliciana Rural Water System Inc
- Assets
- $8.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Ethel, LA
- Founding
- Data as of
- 06/2021
- EIN
- 72-0927492
Organization Overview
East Feliciana Rural Water System Inc is located in Ethel, LA. As of 06/2021, East Feliciana Rural Water System Inc employed 12 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 06/2021, East Feliciana Rural Water System Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 5.8% per year over the past 6 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
2021
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 4,800 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 | Trustee | 0 | $3,100 |
Edward Matthews Board Member | Trustee | 0 | $1,500 |
Willie Hardnett Board Member | Trustee | 0 | $1,400 |
Ray Williams Board Member | Trustee | 0 | $1,400 |
John Cadenhead Board Member | Trustee | 0 | $1,300 |
David R Bowser 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 | $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 | $2,430,985 |
| Investment income | $19,220 |
| 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 | $2,482,495 |
| 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. | $13,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,138 |
| Pension plan accruals and contributions | $16,695 |
| Other employee benefits | $82,795 |
| Payroll taxes | $34,773 |
| Fees for services: Management | $187,515 |
| Fees for services: Legal | $5,682 |
| Fees for services: Accounting | $38,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $147 |
| Office expenses | $21,369 |
| 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 | $94,997 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $360,006 |
| Insurance | $58,906 |
| All other expenses | $162,438 |
| Total functional expenses | $1,884,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,313 |
| Savings and temporary cash investments | $2,075,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $342,325 |
| 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 | $71,142 |
| Net Land, buildings, and equipment | $3,049,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,813,977 |
| Total assets | $8,520,470 |
| Accounts payable and accrued expenses | $372,590 |
| 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 | $4,911,753 |
| Unsecured mortgages and notes payable | $389,056 |
| Other liabilities | $273,530 |
| Total liabilities | $5,946,929 |
| Net assets without donor restrictions | $1,975,403 |
| Net assets with donor restrictions | $598,138 |
| 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 | $8,520,470 |
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