Fairview Water System Inc
- Assets
- $112.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Evergreen, AL
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 63-0638809
Organization Overview
Fairview Water System Inc is located in Evergreen, AL. The organization was established in 1989. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairview Water System 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 06/2022, Fairview Water System Inc generated $111.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $141.3k during the year ending 06/2022. While expenses have increased by 3.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE WATER TO WATER SYSTEM MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Frazier President | 30 | $15,446 | |
Lavon Baggett Director | 1 | $0 | |
Cleavon Stott Director | 1 | $0 | |
David Rabren Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,845 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $1,200 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,378 |
| Total Revenue | $111,425 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,276 |
| Professional fees and other payments to independent contractors | $43,861 |
| Occupancy, rent, utilities, and maintenance | $47,305 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,898 |
| Total expenses | $141,340 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,789 |
| Other assets | $0 |
| Total assets | $112,064 |
| Total liabilities | $21,003 |
| Net assets or fund balances | $91,061 |
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