East Central Vernon Water Systems Inc is located in Slagle, LA. The organization was established in 2019. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, East Central Vernon Water Systems Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Central Vernon Water Systems 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 12/2023, East Central Vernon Water Systems Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 4.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSTRUCT, MAINTAIN AND OPERATE A PRIVATE WATER SYSTEM FOR THE USE OF OUR MEMBERS IN OUR RURAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONSTRUCT, MAINTAIN AND OPERATE A PRIVATE WATER SYSTEM FOR THE USE OF OUR MEMBERS IN OUR RURAL COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joe Lynn Bolton Treasurer | Trustee | 1 | $700 |
Willie Banks Jr Director | Trustee | 1 | $600 |
Ronald Lewis President | Trustee | 1 | $525 |
Juanita Bolton Director | Trustee | 1 | $400 |
Lowell Brown Director | Trustee | 1 | $400 |
Ray Charrier Director | Trustee | 1 | $350 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $509,474 |
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 | $509,474 |
Total Program Service Revenue | $1,067,352 |
Investment income | $25,160 |
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 | $1,602,347 |
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. | $2,975 |
Compensation of current officers, directors, key employees. | $2,975 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $253,189 |
Pension plan accruals and contributions | $15,670 |
Other employee benefits | $0 |
Payroll taxes | $19,860 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $6,923 |
Office expenses | $31,107 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,511 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $107,031 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $231,734 |
Insurance | $0 |
All other expenses | $76,791 |
Total functional expenses | $1,066,903 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $229,304 |
Savings and temporary cash investments | $861,961 |
Pledges and grants receivable | $925,105 |
Accounts receivable, net | $63,915 |
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 | $0 |
Net Land, buildings, and equipment | $5,291,740 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,372,025 |
Accounts payable and accrued expenses | $27,187 |
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 | $3,383,607 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,000,288 |
Total liabilities | $4,411,082 |
Net assets without donor restrictions | $2,960,943 |
Net assets with donor restrictions | $0 |
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 | $7,372,025 |