Clayton Village Water Association Inc
- Assets
- $2.4m
- Revenue
- $728.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Starkville, MS
- Founding
- 11/1994
- Data as of
- 06/2023
- EIN
- 64-0682236
Organization Overview
Clayton Village Water Association Inc is located in Starkville, MS. The organization was established in 1994. 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 06/2023, Clayton Village Water Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clayton Village 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 06/2023, Clayton Village Water Association Inc generated $728.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $685.0k during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WATER DISTRIBUTION TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE AND DISTRIBUTION OF WATER TO OKTIBBEHA COUNTY RESIDENTS ALONG CLAYTON VILLAGE WATER ASSOCIATION'S DISTRIBUTION SYSTEM WHICH SERVES APPROXIMATELY 1500 CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald Gandy Director | Trustee | 2 | $480 |
Patricia Wynn Director | Trustee | 2 | $480 |
Peggy Jones Director | Trustee | 2 | $480 |
Curtis Snell President | Officer | 2 | $480 |
Cornell Smith Secretary/treas | Officer | 2 | $480 |
James Williams Director | Trustee | 2 | $440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $727,635 |
| Investment income | $901 |
| 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 | $728,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $4,040 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,749 |
| Pension plan accruals and contributions | $1,506 |
| Other employee benefits | $0 |
| Payroll taxes | $11,321 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,400 |
| Fees for services: Accounting | $12,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,304 |
| Office expenses | $5,717 |
| 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 | $22,973 |
| Interest | $48,623 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,813 |
| Insurance | $62,205 |
| All other expenses | $44,928 |
| Total functional expenses | $684,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $997,766 |
| Savings and temporary cash investments | $506,739 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,415 |
| 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 | $12,204 |
| Net Land, buildings, and equipment | $813,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,401,430 |
| Accounts payable and accrued expenses | $22,853 |
| 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 | $981,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,825 |
| Total liabilities | $1,141,108 |
| 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 | $504,313 |
| Retained earnings, endowment, accumulated income, or other funds | $756,009 |
| Total liabilities and net assets/fund balances | $2,401,430 |