Denmark Water Association Inc
- Assets
- $305.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oxford, MS
- Founding
- 02/2019
- Data as of
- 08/2022
- EIN
- 64-0617631
Organization Overview
Denmark Water Association Inc is located in Oxford, MS. The organization was established in 2019. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Denmark Water Association 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 08/2022, Denmark Water Association Inc generated $86.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $48.5k during the year ending 08/2022. 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
FURNISH AND DISTRIBUTE POTABLE WATER FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherman Bowles Vice-President | 8 | $5,750 | |
Paula Hervey Director/acc Rec | 3 | $3,600 | |
Marion Bowles President | 15 | $2,470 | |
Rita Smith Treasurer | 2 | $1,500 | |
Harold Brummett Director | 0.5 | $0 | |
Kevin Shankle Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $86,029 |
| Membership dues | $0 |
| Investment income | $91 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,120 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $21,370 |
| Professional fees and other payments to independent contractors | $400 |
| Occupancy, rent, utilities, and maintenance | $21,369 |
| Printing, publications, postage, and shipping | $36 |
| Other expenses | $5,341 |
| Total expenses | $48,516 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,577 |
| Other assets | $0 |
| Total assets | $305,090 |
| Total liabilities | $1,555 |
| Net assets or fund balances | $303,535 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dixie Community Utility Association Hattiesburg, MS | $4,284,308 | $1,153,354 |
Hamilton Water District Inc Hamilton, MS | $4,106,843 | $887,369 |
Southwest Lauderdale Water Association Inc Meridian, MS | $7,343,425 | $1,197,114 |
Better Waterworks Inc Swartz, LA | $3,539,567 | $485,708 |
Yokena Jeff Davis Water District Inc Vicksburg, MS | $1,956,064 | $783,016 |
Lily Rose Water Association Inc Prentiss, MS | $6,757,878 | $486,671 |
Sterrett-Vandiver Water System Inc Sterrett, AL | $2,343,775 | $716,706 |
Big V Water Association Booneville, MS | $4,893,512 | $629,362 |
Kipling Water Assn Dekalb, MS | $3,891,971 | $498,208 |
Northeast Perry County Utility Association Richton, MS | $2,850,612 | $553,065 |
N-E-W Carroll Water Association Kilbourne, LA | $981,756 | $568,672 |
Northeast Jeff Davis Water Association Prentiss, MS | $4,782,238 | $448,055 |