Barrontown Utility Association Inc
- Assets
- $8.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Petal, MS
- Founding
- 05/1988
- Data as of
- 04/2021
- EIN
- 64-0651991
Organization Overview
Barrontown Utility Association Inc is located in Petal, MS. The organization was established in 1988. 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 04/2021, Barrontown Utility Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barrontown Utility 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 04/2021, Barrontown Utility Association Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $878.0k during the year ending 04/2021. While expenses have increased by 0.7% 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
TO PROVIDE WATER SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARRONTOWN UTILITY ASSOCIATION PROVIDES WATER TO THE MEMBERS OF THE COMMUNITY. THE ASSOCIATION SERVES APPROXIMATELY 2700 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elaine Tolbert Office Mangager | Officer | 40 | $58,000 |
Earl Ellis Secretarytreasurer | OfficerTrustee | 2 | $0 |
Allen Sledge President | Officer | 2 | $0 |
Grady Mccardle Director | Trustee | 2 | $0 |
Karen Arnold Director | Trustee | 2 | $0 |
James Pitts Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $16,981 |
| 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 | $1,189,746 |
| 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. | $85,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,707 |
| Information technology | $20,565 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,529 |
| Insurance | $35,100 |
| All other expenses | $0 |
| Total functional expenses | $878,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,765,468 |
| Savings and temporary cash investments | $777,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88,618 |
| 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 | $200,514 |
| Total assets | $8,540,133 |
| Accounts payable and accrued expenses | $6,867 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $179,410 |
| Total liabilities | $186,277 |
| 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 | $8,353,856 |
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