Taft Water Association Inc
- Assets
- $1.4m
- Revenue
- $409.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Orlando, FL
- Founding
- 06/1970
- Data as of
- 04/2023
- EIN
- 59-1052665
Organization Overview
Taft Water Association Inc is located in Orlando, FL. The organization was established in 1970. 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 04/2023, Taft Water Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taft Water Association 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 04/2023, Taft Water Association Inc generated $409.8k 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 $405.8k during the year ending 04/2023. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION PROVIDES WATER SERVICES TO RESIDENCES AND BUSINESSES IN RURAL ORLANDO, FLORIDA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES WATER SERVICE TO AROUND 1,191 RURAL AREA BUSINESSES AND RESIDENCES IN ORLANDO, FLORIDA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Pierce Director | Trustee | 2 | $2,751 |
Samuel Harkey President | OfficerTrustee | 1 | $0 |
Alan Dominy Secretary/tr | OfficerTrustee | 48 | $81,777 |
Keith Crenshaw Director | Trustee | 1 | $0 |
Joy Alexander Vice Preside | OfficerTrustee | 1 | $0 |
William Petrik Director | Trustee | 1 | $0 |
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 | $404,068 |
| Investment income | $6,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$544 |
| 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 | $409,757 |
| 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. | $82,761 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,967 |
| Pension plan accruals and contributions | $3,541 |
| Other employee benefits | $0 |
| Payroll taxes | $9,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,981 |
| Advertising and promotion | $0 |
| Office expenses | $18,633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,820 |
| Insurance | $16,812 |
| All other expenses | $4,551 |
| Total functional expenses | $405,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,175 |
| Savings and temporary cash investments | $292,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $45,811 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,000 |
| Prepaid expenses and deferred charges | $23,909 |
| Net Land, buildings, and equipment | $755,200 |
| Investments—publicly traded securities | $1,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $1,378,888 |
| Accounts payable and accrued expenses | $4,309 |
| 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 | $454,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $91,202 |
| Total liabilities | $550,317 |
| Net assets without donor restrictions | $828,571 |
| 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 | $1,378,888 |