Little River Water & Sewerage Co Inc
- Assets
- $98.7m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 34
- Location
- Conway, SC
- Founding
- 02/1978
- Data as of
- 09/2023
- EIN
- 57-0525626
Organization Overview
Little River Water & Sewerage Co Inc is located in Conway, SC. The organization was established in 1978. 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 09/2023, Little River Water & Sewerage Co Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little River Water & Sewerage Co 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 09/2023, Little River Water & Sewerage Co Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $7.8m during the year ending 09/2023. While expenses have increased by 3.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WATER AND SEWER SERVICE TO LITTLE RIVER, SOUTH CAROLINA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF WATER AND SEWER SERVICES TO LITTLE RIVER, SOUTH CAROLINA AND THE SURROUNDING COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Snyder President | OfficerTrustee | 2 | $1,650 |
Douglas Walters Vice-President | OfficerTrustee | 1 | $1,350 |
Lester Gore Secretary | OfficerTrustee | 1 | $1,500 |
Steve Smith Treasurer | OfficerTrustee | 1 | $1,350 |
Janice Mcmillian Director | Trustee | 1 | $1,200 |
Elizabeth Alley Director | Trustee | 1 | $1,650 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,476,824 |
| Investment income | $356,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $37,977 |
| Net Gain/Loss on Asset Sales | -$155,583 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,715,861 |
| 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. | $226,118 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $928,177 |
| Pension plan accruals and contributions | $163,755 |
| Other employee benefits | $183,043 |
| Payroll taxes | $86,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $184,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,650 |
| Fees for services: Other | $18,647 |
| Advertising and promotion | $5,893 |
| Office expenses | $8,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,947 |
| Travel | $135 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,222,270 |
| Insurance | $124,264 |
| All other expenses | $255,068 |
| Total functional expenses | $7,838,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656,796 |
| Savings and temporary cash investments | $36,344,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $679,469 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,075 |
| Inventories for sale or use | $142,841 |
| Prepaid expenses and deferred charges | $82,253 |
| Net Land, buildings, and equipment | $53,943,122 |
| Investments—publicly traded securities | $5,988,715 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $857,227 |
| Total assets | $98,703,400 |
| Accounts payable and accrued expenses | $181,596 |
| 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 | $611,966 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,680,611 |
| Total liabilities | $3,474,173 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $87,301,739 |
| Paid-in or capital surplus, or land, building, or equipment fund | $7,050,023 |
| Retained earnings, endowment, accumulated income, or other funds | $877,465 |
| Total liabilities and net assets/fund balances | $98,703,400 |