Summerfield Water System Inc
- Assets
- $469.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Summerfield, LA
- Founding
- 09/1982
- Data as of
- 12/2023
- EIN
- 72-0921957
Organization Overview
Summerfield Water System Inc is located in Summerfield, LA. The organization was established in 1982. 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 12/2023, Summerfield Water System Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summerfield Water System 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 12/2023, Summerfield Water System Inc generated $173.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $141.4k during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE WATER SERVICE TO 433 CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Bailey Vicepresident | 0 | $0 | |
Patricia Avery Treasurer | 0 | $0 | |
Danny Taylor Director | 0 | $0 | |
Darrell E Pepper President | 0 | $0 | |
Scott Lowery Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $172,687 |
| Membership dues | $0 |
| Investment income | $686 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $173,373 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,651 |
| Professional fees and other payments to independent contractors | $365 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $89,359 |
| Total expenses | $141,375 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $190,462 |
| Other assets | $0 |
| Total assets | $469,804 |
| Total liabilities | $1,499 |
| Net assets or fund balances | $468,305 |