East Central Vernon Water Systems Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Joe Lynn Bolton
Treasurer
$700
Willie Banks Jr
Director
$600
Ronald Lewis
President
$525
Juanita Bolton
Director
$400
Lowell Brown
Director
$400
Ray Charrier
Director
$350

Financial Statements

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

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