East Madison Water Association Inc
- Assets
- $5.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Canton, MS
- Founding
- 10/1997
- Data as of
- 09/2024
- EIN
- 64-0863873
Organization Overview
East Madison Water Association Inc is located in Canton, MS. The organization was established in 1997. 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 09/2024, East Madison Water Association Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Madison 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 09/2024, East Madison Water Association Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.1m during the year ending 09/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER FOR THE APPROXIMATELY 2800 MEMBERS OF THE SYSTEM AT THE LOWEST POSSIBLE COST
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER FOR THE APPROXIMATELY 2800 MEMBERS AT THE LOWEST POSSIBLE COST
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mattie V Hughes General Manager | Officer | 40 | $46,282 |
Leroy Lacy President | Officer | 2 | $4,200 |
Carl Fleming Director | Trustee | 1 | $3,400 |
Andrew Smith Director | Trustee | 1 | $3,400 |
Charles Page Director | Trustee | 1 | $3,400 |
Dorothy Lewis Sect Treas | Officer | 1 | $3,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,050 |
| 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 | $4,050 |
| Total Program Service Revenue | $1,423,216 |
| Investment income | $26,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,458,435 |
| 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. | $69,882 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,788 |
| Pension plan accruals and contributions | $2,487 |
| Other employee benefits | $40,978 |
| Payroll taxes | $19,029 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,422 |
| Fees for services: Accounting | $20,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,013 |
| Advertising and promotion | $0 |
| Office expenses | $31,063 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $114,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,859 |
| Insurance | $35,906 |
| All other expenses | $14,557 |
| Total functional expenses | $1,089,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,595 |
| Savings and temporary cash investments | $1,512,445 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $127,954 |
| 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 | $11,848 |
| Net Land, buildings, and equipment | $3,594,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,332 |
| Total assets | $5,507,965 |
| Accounts payable and accrued expenses | $44,722 |
| 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 | $2,638,207 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,575 |
| Total liabilities | $2,833,504 |
| 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 | $6,356 |
| Retained earnings, endowment, accumulated income, or other funds | $2,668,105 |
| Total liabilities and net assets/fund balances | $5,507,965 |