South Mississippi Public Water Authority
- Assets
- $2.8m
- Revenue
- $257.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Hattiesburg, MS
- Founding
- 01/1992
- Data as of
- 07/2021
- EIN
- 64-0466847
Organization Overview
South Mississippi Public Water Authority is located in Hattiesburg, MS. The organization was established in 1992. 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. South Mississippi Public Water Authority 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 07/2021, South Mississippi Public Water Authority generated $257.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $277.7k during the year ending 07/2021. While expenses have increased by 0.6% 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
PROVIDE WATER TO MCLAURIN COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY SUPPLIED WATER TO THE MCLAURIN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Bosarge Board Member | Officer | 0 | $0 |
Chris Herring Board Member | Officer | 0 | $0 |
Charles Letchworth Board Member | Officer | 0 | $0 |
Corley Morse Board Member | Officer | 0 | $0 |
Dalton Murry Board Member | Officer | 0 | $0 |
Sue Franks Office Manager | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $257,229 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $18,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,018 |
| Advertising and promotion | $0 |
| Office expenses | $4,684 |
| 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 | $65,124 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,545 |
| Insurance | $7,697 |
| All other expenses | $0 |
| Total functional expenses | $277,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,202 |
| Savings and temporary cash investments | $66,178 |
| Pledges and grants receivable | $24,271 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,825,733 |
| Accounts payable and accrued expenses | $57,060 |
| 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 | $913,186 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,271 |
| Total liabilities | $994,517 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,831,216 |
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