Freeny Water Association

Organization Overview

Freeny Water Association is located in Carthage, MS. The organization was established in 1998. 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 06/2021, Freeny Water Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Freeny Water Association 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 06/2021, Freeny Water Association generated $660.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $570.6k during the year ending 06/2021. While expenses have increased by 0.4% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES WATER FOR APPROXIMATELY TWO THOUSAND MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REVENUE FROM WATER SERVICE FURNISHED TO MEMBERS ENABLES THE ASSOCIATION TO MAINTAIN THE SYSTEM AND RETIRE DEBT.


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Board, Officers & Key Employees

Name (title)Compensation
Philip Crosby
Vice Preside
$960
H V Neal
President
$960
Linda Terrell
Secretary
$960
Kenneth Clayton
Director
$960
Leran Ealy
Director
$960

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$656,711
Investment income $3,354
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 $660,065

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