Bistineau Water System Inc
- Assets
- $339.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Heflin, LA
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 72-0998506
Organization Overview
Bistineau Water System Inc is located in Heflin, 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. As of 12/2021, Bistineau Water System Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bistineau 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, Bistineau Water System Inc generated $99.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $120.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDING CLEAN AND SAFE WATER FROM MEMBERS OF WATER SYSTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Walker Operator/board Member | 26 | $23,001 | |
Debbie Stiles Key Employee - Secretary | 21 | $14,500 | |
Jerry Stiles Board Member | 2 | $1,200 | |
Dale Hutchins President-Board Member | 2 | $0 | |
Scott Mizell Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,753 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,831 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $99,584 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,401 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $360 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,102 |
| Total expenses | $120,863 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $186,424 |
| Other assets | $0 |
| Total assets | $339,346 |
| Total liabilities | $92,847 |
| Net assets or fund balances | $246,499 |
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