South Terry Water Assn Inc
- Assets
- $457.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Terry, MS
- Founding
- 11/1998
- Data as of
- 06/2024
- EIN
- 64-0720889
Organization Overview
South Terry Water Assn Inc is located in Terry, MS. The organization was established in 1998. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is the central organization for a national or regional group of organizations. South Terry Water Assn 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 06/2024, South Terry Water Assn Inc generated $186.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $189.2k during the year ending 06/2024. While expenses have increased by 9.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
WATER SERVICES TO RURAL AREA OF TERRY, HINDS COUNTY, MISSISSIPPI. FOR 2023, THE SOUTH TERRY WATER ASSOCIATION SERVED 220 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gay Price Director | 1 | $0 | |
Jarvis Thompson Director | 1 | $0 | |
Kathy Hearn Director | 1 | $0 | |
Patricia Joiner Director | 1 | $0 | |
Tonya Tate Director | 1 | $0 | |
James Green President | 20 | $36,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,400 |
| Total Program Service Revenue | $0 |
| Membership dues | $113,009 |
| Investment income | $8,911 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $186,320 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,878 |
| Professional fees and other payments to independent contractors | $83,001 |
| Occupancy, rent, utilities, and maintenance | $9,967 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,310 |
| Total expenses | $189,156 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,774 |
| Other assets | $0 |
| Total assets | $457,271 |
| Total liabilities | $32,116 |
| Net assets or fund balances | $425,155 |