Concord Water System Inc
- Assets
- $234.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, LA
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 72-0987669
Organization Overview
Concord Water System Inc is located in Marion, LA. The organization was established in 1984. 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. Concord 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 12/2022, Concord Water System Inc generated $73.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $62.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 4 years. 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
THE RURAL COMMUNITY BENEFITS FROM CLEAN DRINKING WATER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Taylor Secretary | 10 | $4,800 | |
Nellie Mangum President | 10 | $3,130 | |
Sharon Furgerson Board Member | 1 | $0 | |
Jerome Rowland Board Membefr | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jimmy Caldwell | 12/30/22 | $3,452 |
Bettye Tramble | 12/30/22 | $1,500 |
Danny Gatson | 12/30/22 | $2,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $668 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $72,725 |
| Total Revenue | $73,393 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,982 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $47,046 |
| Printing, publications, postage, and shipping | $144 |
| Other expenses | $0 |
| Total expenses | $62,172 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,126 |
| Other assets | $0 |
| Total assets | $234,713 |
| Total liabilities | $0 |
| Net assets or fund balances | $234,713 |