Morristown Corners Water Corp
- Assets
- $13.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morrisville, VT
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 22-3475687
Organization Overview
Morristown Corners Water Corp is located in Morrisville, VT. The organization was established in 1999. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morristown Corners Water Corp 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, Morristown Corners Water Corp generated $26.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $34.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Ross Operator | 10 | $4,500 | |
Bailey Hines Clerk | 5 | $375 | |
Mark Desrochers Vice President | 5 | $0 | |
Michael Rapoport President | 5 | $0 | |
Aaron Hines Technician | 5 | $0 | |
Anne Thursby Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,374 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,374 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,876 |
| Professional fees and other payments to independent contractors | $15,907 |
| Occupancy, rent, utilities, and maintenance | $5,778 |
| Printing, publications, postage, and shipping | $556 |
| Other expenses | $7,234 |
| Total expenses | $34,351 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,959 |
| Other assets | $0 |
| Total assets | $12,959 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,959 |
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