Selma Water Association
- Assets
- $115.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monticello, AR
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 71-0588888
Organization Overview
Selma Water Association is located in Monticello, AR. The organization was established in 1988. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Selma Water Association 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 12/2022, Selma Water Association generated $171.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $161.4k during the year ending 12/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE RURAL WATER UTILITIES TO RURAL CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Wright President | 0 | $0 | |
Samuel Leonard Vice President | 0 | $0 | |
Bob Burns Secretary | 0 | $0 | |
Leonard Burks Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $171,658 |
| Membership dues | $0 |
| Investment income | $277 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $171,935 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,359 |
| Professional fees and other payments to independent contractors | $1,575 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,377 |
| Other expenses | $116,043 |
| Total expenses | $161,354 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,786 |
| Other assets | $0 |
| Total assets | $115,056 |
| Total liabilities | $20,758 |
| Net assets or fund balances | $94,298 |