Mississippi Rural Water Association Inc
- Assets
- $5.7m
- Revenue
- $3.3m
- Investments
- $792.0k
- Employees
- 21
- Location
- Pearl, MS
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 64-0610464
Organization Overview
Mississippi Rural Water Association Inc is located in Pearl, MS. The organization was established in 1995. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Mississippi Rural Water Association Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Rural Water Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Mississippi Rural Water Association Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MSWRA'S MISSION IS TO PROVIDE PROFESSIONAL LEADERSHIP PROGRAMS, TRAINING, TECHNICAL ASSISTANCE AND SERVICES TO MEET THE NEEDS OF OUR MEMBERS AND OUR STATE.
Describe the Organization's Program Activity:
MSRWA TRAINED APPROXIMATELY 2,697 ATTENDEES DURING 99 TRAINING SESSIONS ON COMPLYING WITH STATE AND FEDERAL REGULATIONS IN CONJUNCTION WITH THE SAFE DRINKING WATER ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Boone Secretary-Treasurer | OfficerTrustee | 0.5 | $0 |
Everette Hill President | OfficerTrustee | 0.5 | $0 |
Bill Martin Director | Trustee | 0.5 | $0 |
Bill Rutledge Director | Trustee | 0.5 | $0 |
Mack Lee Director | Trustee | 0.5 | $0 |
Richard Mclendon Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $434,447 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,629,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,072,161 |
| Total Program Service Revenue | $1,124,573 |
| Investment income | $52,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,390 |
| Net Income from Fundraising Events | $6,393 |
| Net Income from Gaming Activities | $2,912 |
| Net Income from Sales of Inventory | $11,066 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,294,699 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $250,892 |
| Compensation of current officers, directors, key employees. | $250,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $956,759 |
| Pension plan accruals and contributions | $112,786 |
| Other employee benefits | $163,376 |
| Payroll taxes | $90,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,888 |
| 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 | $0 |
| Advertising and promotion | $7,099 |
| Office expenses | $70,473 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $78,604 |
| Travel | $321,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150,873 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,503 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,929,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,456,635 |
| Savings and temporary cash investments | $906,995 |
| Pledges and grants receivable | $264,164 |
| Accounts receivable, net | $386,789 |
| 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 | $27,091 |
| Net Land, buildings, and equipment | $1,864,281 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $792,043 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550 |
| Total assets | $5,698,548 |
| Accounts payable and accrued expenses | $684,567 |
| Grants payable | $0 |
| Deferred revenue | $312,038 |
| 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 | $749,153 |
| Other liabilities | $0 |
| Total liabilities | $1,745,758 |
| Net assets without donor restrictions | $3,817,053 |
| Net assets with donor restrictions | $135,737 |
| 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 | $5,698,548 |