Lake Lorman Untility Corporation

Organization Overview

Lake Lorman Untility Corporation, operating under the name Lake Lorman Utility District, is located in Flora, MS. The organization was established in 1986. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Lorman Utility District 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 10/2022, Lake Lorman Utility District generated $384.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $336.4k during the year ending 10/2022. While expenses have increased by 1.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE WATER AND SEWER SERVICES TO MADISON COUNTY, MISSISSIPPI.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN ADDITION TO PROVIDING WATER AND SEWER SERVICES TO OVER 200 CUSTOMERS IN MADISON COUNTY, MS, THE DISTRICT CONTINUED TO MAKE IMPROVEMENTS TO THE EXISTING SYSTEM TO BETTER PROVIDE FOR ITS CUSTOMERS. THE IMPROVEMENTS FOR 10/31/2022 INCLUDE:- INITIATED 1ST WEBSITE- COMPUTERIZED TECHNICAL FUNCTIONS AT WATER TANK- IMPROVED LAGOON BY INSTALLING NEW PIPES- MADE IMPROVEMENTS TO CHLORINE SYSTEM BY INSTALLING FIELD STREAM WITH AUTO ALERT


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Board, Officers & Key Employees

Name (title)Compensation
Woody Holt
Vice President
$0
Mary Ann Sones
Treasurer
$0
William Don Seagrove
President
$0
Linda Mccraw
Secretary
$0
Gram Hopkins
Commissioner
$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$384,291
Investment income $30
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 $384,393

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