Holley Navarre Water System
- Assets
- $73.6m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 79
- Location
- Navarre, FL
- Founding
- 10/1983
- Data as of
- 12/2021
- EIN
- 59-1360196
Organization Overview
Holley Navarre Water System is located in Navarre, FL. The organization was established in 1983. 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 12/2021, Holley Navarre Water System employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holley Navarre Water System 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 12/2021, Holley Navarre Water System generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER & SEWER SERVICES TO CUSTOMERS IN THE HOLLEY & NAVARRE AREAS OF SANTA ROSA COUNTY, FLORIDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPLY WATER SERVICE TO APPROXIMATELY 17,000 ACTIVE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dallas Peavey CEO | Officer | 40 | $201,010 |
Clinton Wells Gm, Operations And Maint | 40 | $115,167 | |
Roy V Anderson Lead Well Operator | 45 | $106,919 | |
Mark Turner Director Of Scada | 40 | $104,640 | |
Mark Miller Vice-President | OfficerTrustee | 1 | $0 |
Michael Kennedy President | OfficerTrustee | 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 | $11,626,927 |
| Investment income | $10,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,265 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,282,279 |
| 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 | $4,990,507 |
| Pension plan accruals and contributions | $1,401,278 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,242 |
| Fees for services: Accounting | $28,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,096 |
| Office expenses | $150,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $302,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $738,290 |
| Insurance | $192,579 |
| All other expenses | $981,640 |
| Total functional expenses | $11,493,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588 |
| Savings and temporary cash investments | $11,541,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,501,158 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $92,552 |
| Inventories for sale or use | $334,259 |
| Prepaid expenses and deferred charges | $133,264 |
| Net Land, buildings, and equipment | $51,314,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,426,258 |
| Intangible assets | $0 |
| Other assets | $287,561 |
| Total assets | $73,632,093 |
| Accounts payable and accrued expenses | $314,941 |
| 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 | $6,669,193 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,580,875 |
| Total liabilities | $14,565,009 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $314,235 |
| Paid-in or capital surplus, or land, building, or equipment fund | $41,221,132 |
| Retained earnings, endowment, accumulated income, or other funds | $17,531,717 |
| Total liabilities and net assets/fund balances | $73,632,093 |
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