Rural Franklinton Water Cooperative

Organization Overview

Rural Franklinton Water Cooperative is located in Franklinton, LA. The organization was established in 2001. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Rural Franklinton Water Cooperative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Franklinton Water Cooperative 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, Rural Franklinton Water Cooperative generated $647.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $661.8k during the year ending 12/2022. While expenses have increased by 4.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE A PRIVATE WATER SYSTEM

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE CORPORATION IS TO CONSTRUCT, MAINTAIN, AND OPERATE A PRIVATE WATER SYSTEM FOR THE MUTUAL BENEFIT OF ITS MEMBERS. IN 2022, THERE WERE APPROXIMATELY 1,200 CUSTOMERS/MEMBERS RECEIVING WATER SERVICE IN THE RURAL AREA AROUND FRANKLINTON, LA.


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Board, Officers & Key Employees

Name (title)Compensation
Lenward Thompson
President
$2,700
Lb Rogers
Vice President
$1,700
Desmond Smith
Secretary/treasurer
$1,700
Clifford Jefferson
Member
$1,700
Reginald Mcmasters
Member
$1,700

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$523
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$523
Total Program Service Revenue$643,602
Investment income $7
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 $647,013

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