Sebastopol Water Association
- Assets
- $3.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Sebastopol, MS
- Founding
- 06/1993
- Data as of
- 12/2022
- EIN
- 64-0688923
Organization Overview
Sebastopol Water Association is located in Sebastopol, MS. The organization was established in 1993. 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 12/2022, Sebastopol Water Association employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sebastopol Water Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Sebastopol Water Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 4.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WATER SALES TO RURAL RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WATER TO APPROXIMATELY 2,040 CUSTOMERS IN THE RURAL AREA OF SEBASTOPOL, MISSISSIPPI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dewayne Mcgaugh President | OfficerTrustee | 2 | $1,100 |
Clyde Risher Secretary | OfficerTrustee | 1 | $1,000 |
Ricky Smith Vice-President | OfficerTrustee | 1 | $1,000 |
Jamie Brunson Former Director | Trustee | 1 | $400 |
Chancy Branning Director | Trustee | 1 | $100 |
Ag Easom Director | Trustee | 2 | $0 |
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 | $1,692,513 |
| Investment income | $191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,724,321 |
| 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. | $3,600 |
| Compensation of current officers, directors, key employees. | $3,600 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,900 |
| Fees for services: Accounting | $4,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,000 |
| Advertising and promotion | $0 |
| Office expenses | $35,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $87,720 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,675 |
| Insurance | $64,607 |
| All other expenses | $159,654 |
| Total functional expenses | $1,510,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553 |
| Savings and temporary cash investments | $566,140 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,500 |
| Prepaid expenses and deferred charges | $33,683 |
| Net Land, buildings, and equipment | $2,692,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65 |
| Total assets | $3,405,533 |
| Accounts payable and accrued expenses | $60,860 |
| 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 | $1,910,801 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,971,661 |
| Net assets without donor restrictions | $1,433,872 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,405,533 |
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