INDEPENDENCE WATER ASSOCIATION INC

Address
1247 BENSON ROAD
COURTLAND, MS 38620
Contact
Nonprofit
NTEE: W80 - Public Utilities
EIN: 64-0468397

Mission

PROVIDE SAFE DRINKING WATER
 20172016201520142013
Basic features of the organization
Year of formation1967
Subsection code12
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$14,400.00$14,400.00$13,200.00$14,400.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers55555
Personnel
Beardain, Chris
TitleVPVPVPVPVP
Name of key/compensated personCHRIS BEARDAINCHRIS BEARDAINCHRIS BEARDAINCHRIS BEARDAINCHRIS BEARDAIN
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00 
Herron, Jimmy
Title DIRPRESPRESPRES
Name of key/compensated person JIMMY HERRONJIMMY HERRONJIMMY HERRONJIMMY HERRON
Position of compensated person
Current officer  TrueTrueTrue
Average hours per week working for org 12.0012.0012.0012.00
Reportable compensation from org $14,400.00$14,400.00$13,200.00$14,400.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Average hours per week working for related orgs 0.000.000.00 
McMinn, Stevie
TitlePRESPRESDIRDIRDIR
Name of key/compensated personSTEVIE MCMINNSTEVIE MCMINNSTEVIE MCMINNSTEVIE MCMINNSTEVIE MCMINN
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00 
Murphree, Scootie
TitleSECTREASSECTREASSECTREASSECTREASSECTREAS
Name of key/compensated personSCOOTIE MURPHREESCOOTIE MURPHREESCOOTIE MURPHREESCOOTIE MURPHREESCOOTIE MURPHREE
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00 
Webster, Robert
TitleDIRDIRDIRDIRDIR
Name of key/compensated personROBERT WEBSTERROBERT WEBSTERROBERT WEBSTERRobert WebsterRobert Webster
Position of compensated person
Average hours per week working for org3.003.003.003.003.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.00 
Wilson, William
TitleDIR    
Name of key/compensated personWILLIAM WILSON    
Position of compensated person
Average hours per week working for org3.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDE SAFE DRINKING WATERPROVIDE SAFE DRINKING WATERPROVIDE SAFE DRINKING WATERPROVIDE SAFE DRINKING WATERPROVIDE SAFE DRINKING WATER
Program service expenses, total$217,677.00$192,231.00$182,844.00$181,194.00$181,030.00
Programs, including revenue & expenses
INDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATER
Program expenses$217,677.00$192,231.00$182,844.00$181,194.00$181,030.00
Program revenue$230,005.00$200,000.00$192,021.00$193,311.00$197,263.00
Program descriptionINDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATERINDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATERINDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATERINDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATERINDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATER
Financial data
Revenue
Total revenue$230,005.00$200,000.00$192,021.00$193,311.00$197,263.00
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$30.00$32.00$32.00$30.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$26.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$229,975.00$199,968.00$191,989.00$193,281.00$197,237.00
Gross receipts$230,005.00$200,000.00$192,021.00$193,311.00$197,263.00
Other types of revenue
Miscellaneous revenue (total)    $26.00
Income from dividends, interest, and similar investments$30.00$32.00$32.00$30.00 
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$217,677.00$192,231.00$182,844.00$181,194.00$181,030.00
Total functional expenses: program service $217,677.00$192,231.00$182,844.00$181,194.00$181,030.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$4,100.00$14,400.00$14,400.00$13,200.00$14,400.00
Assets and liabilities
Total assets$664,127.00$677,212.00$690,328.00$705,342.00$714,736.00
Total assets, beginning of year$677,212.00$690,328.00$705,342.00$714,736.00$672,261.00
Total liabilities$160,776.00$185,740.00$206,625.00$225,064.00$246,575.00
Total liabilities, beginning of year$185,740.00$206,625.00$225,064.00$246,575.00$220,333.00
Net assets$503,351.00$491,472.00$483,703.00$480,278.00$468,161.00
Net assets, beginning of year$491,472.00$483,703.00$480,278.00$468,161.00$451,928.00
Other liabilities$22,626.00$20,351.00$17,175.00$12,775.00$12,366.00
Other assets$20.00$20.00$20.00$20.00$20.00
Cash: non-interest bearing$7,735.00$10,969.00$5,745.00$14,939.00$10,652.00
Cash: non-interest bearing, beginning of year$10,969.00$5,745.00$14,939.00$10,652.00$12,293.00
Inventories for sale or use$7,600.00$7,970.00$7,370.00$7,200.00$7,600.00
Other financial variables
Revenue less expenses$12,328.00$7,769.00$9,177.00$12,117.00$16,233.00
Advertising (total)$11,428.00    
Savings & temp cash investment$32,699.00$47,645.00$54,717.00$46,292.00$41,871.00
Accounts receivable, net$31,937.00$28,074.00$31,259.00$32,610.00$33,241.00
Prepaid expenses & deferred charges$1,699.00$1,593.00$966.00$421.00$387.00
Accounts payable & accrued expenses$1,282.00$1,034.00$1,433.00$2,240.00$2,756.00
Secured mortgages and notes payable$136,868.00$164,355.00$188,017.00$210,049.00$231,453.00
Total net assets or fund balances$503,351.00$491,472.00$483,703.00$480,278.00$468,161.00
Depreciation, depletion, amortization$29,940.00$29,360.00$29,210.00$31,212.00$30,960.00
Governance and accountability
Number of voting members55555
Number of independent voting members55555
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-10-012015-10-012014-10-012013-10-012012-10-01
Tax year end date2017-09-012016-09-012015-09-012014-09-012013-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-02-132017-04-192016-01-192014-12-292013-12-31
IRS schema version2016v3.02015v2.12014v5.02013v3.12012v2.1
Filing identifier201713559349300411201603449349301150201503269349300200201413429349300601201303489349300405
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