Central Water Works Inc
- Assets
- $3.5m
- Revenue
- $671.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Century, FL
- Founding
- 03/1968
- Data as of
- 10/2023
- EIN
- 59-1155145
Organization Overview
Central Water Works Inc is located in Century, FL. The organization was established in 1968. 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 10/2023, Central Water Works Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Water Works 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 10/2023, Central Water Works Inc generated $671.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $813.2k during the year ending 10/2023. While expenses have increased by 6.4% per year over the past 4 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 PROVIDE WATER TO RURAL AREAS IN AND AROUND ESCAMBIA COUNTY, FL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER TO RURAL AREAS IN AND AROUND ESCAMBIA COUNTY, FL.
OTHER
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Brown Vice-Preside | OfficerTrustee | $0 | |
Terry Levins Board Member | Trustee | $0 | |
James Moretz Board Member | Trustee | $0 | |
Cody Roberson Board Member | Trustee | $0 | |
Jeffrey Steadham Board Member | Trustee | $0 | |
Gary Welch President | OfficerTrustee | $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 | $662,900 |
| Investment income | $8,891 |
| 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 | $671,791 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,577 |
| Payroll taxes | $16,713 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $65,406 |
| Travel | $995 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,193 |
| Insurance | $37,057 |
| All other expenses | $5,029 |
| Total functional expenses | $813,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,055 |
| Savings and temporary cash investments | $303,707 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $86,233 |
| Prepaid expenses and deferred charges | $3,984 |
| Net Land, buildings, and equipment | $2,935,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,453,194 |
| Accounts payable and accrued expenses | $4,035 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $1,992,730 |
| Other liabilities | $106,434 |
| Total liabilities | $2,103,199 |
| Net assets without donor restrictions | $1,349,995 |
| 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 | $3,453,194 |