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Thrasher Water Association

Not tax-deductible

Booneville, MSMutual-benefit / member-servingSince 1960EIN 23-7021479Revenue $2.7M in FY2025

On file with the IRS36 County Road 1120, 38829-9797 · Booneville, MSTax-exempt since Nov 1968

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Water service to Thrasher community

94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $385K a year · 60% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.0M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
×12 vs prior year
Spent
$294K
To programs
94%
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$2.7M
FY2025▲ ×12
Tap a bar for its year
Revenue by fiscal year
FY2020$227K
FY2021$210K
FY2022$247K
FY2023$225K
FY2024$224K
FY2025$2.7M
Expenses
$294K
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$265K
FY2022$310K
FY2023$226K
FY2024$262K
FY2025$294K
Net assets
$3.2M
FY2025▲ +336%
Tap a bar for its year
Net assets by fiscal year
FY2020$885K
FY2021$829K
FY2022$767K
FY2023$765K
FY2024$727K
FY2025$3.2M

From the FY2025 Form 990 (year ending July 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1968.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $275K Management & general 6% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Gary Johnson
Director
$0Pt VII · Sec A
Jonathon Dodds
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cecil Weatherbee
Prior Director
$0Pt VII · Sec A
Jerry Cox
Director
$0Pt VII · Sec A
Donnie Reece
Director
$0Pt VII · Sec A
Kim Hamilton
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Roy Taylor$15,000$19,491$36,975$20,755$12,966
Horace Huddleston$1,350$2,560$3,617$2,712$3,275
Cecil Weatherbee$700—$3,522$1,606$2,136
Glenn Williams$300$1,381$1,350$1,665$2,449
Tony Christian$1,390$675$1,350$500$975
Jonathon Dodds$1,100$300———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Thrasher Water Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides clean water access to the Thrasher community.

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Provided by the organization

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1 program · $294K · in their own filed words · FY2024
01

Water service to thrasher community

$294Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.5M
Fees for servicesLn 2g$255K
Investment incomeLn 3$11K
Money outPt IX
$294K
Ln 25
Programscol B$275K
Managementcol C$19K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.5M
Government grantsLn 1e$2.5M
Fees for servicesLn 2g$255K
Investment incomeLn 3$11K
Gains on assetsLn 7$2K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$67K
SavingsLn 2$178K
Cash and savings togetherLn 1–2$245K
Land, buildings, equipmentLn 10c$4.9M
Other assetsLn 15$291K
Total assetsLn 16$6.2M
LiabilitiesLn 26$3.0M
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$270K$245K
Land, buildings, equipmentLn 10c$407K$4.9M
Total assetsLn 16$763K$6.2M
LiabilitiesLn 26$36K$3.0M
Net assetsLn 32$727K$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$19K$19K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$11K$11K
Office expensesLn 13$1K$1K
OccupancyLn 16$7K$7K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$110K$102K$8K
All other expensesLn 24e$116K$116K
Total functional expensesLn 25$294K$275K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.7M$294K$2.4M$3.2M 990 PDF
FY2024 $224K$262K−$38K$727K 990 PDF
FY2023 $225K$226K−$2K$765K 990 PDF
FY2022 $247K$310K−$63K$767K 990 PDF
FY2021 $210K$265K−$55K$829K 990 PDF
FY2020 $227K$203K$24K$885K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $2,736,309 revenue, 12 lines filed
I-8 Contributions and grants$2,470,160
I-9 Program service revenuePrior year $219,991$255,177
I-10 Investment incomePrior year $3,854$10,972
I-11 Other revenuePrior year $90$0
I-12 Total revenuePrior year $223,935$2,736,309
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $50,909$22,713
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $211,500$271,116
I-18 Total expensesPrior year $262,409$293,829
I-19 Revenue less expensesPrior year −$38,474$2,442,480
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,736,309 across 7 lines filed
VIII-1b Membership dues$160
VIII-1e Government grants$2,470,000
VIII-1h Total contributions, gifts and grants$2,470,160
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $255,177$255,177
VIII-3 Investment incomeRelated to mission $8,856$8,856
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,116$2,116
VIII-12 Total revenueRelated to mission $266,149$2,736,309
Part IX · Statement of functional expenses $293,829 across 9 lines filed
IX-7 Other salaries and wagesPrograms $19,150$19,150
IX-10 Payroll taxesPrograms $3,563$3,563
IX-11c Accounting feesManagement $10,623$10,623
IX-13 Office expensesPrograms $1,108$1,108
IX-16 OccupancyPrograms $7,080$7,080
IX-22 Depreciation, depletion and amortizationPrograms $19,806$19,806
IX-23 InsurancePrograms $6,323$6,323
IX-24 Other expenses (24a–d)Programs $101,585 · Management $8,472$110,057
IX-24e All other expensesPrograms $116,119$116,119
IX-25 Total functional expensesPrograms $274,734 · Management $19,095 · Fundraising $0$293,829
Part X · Balance sheet $6,196,000 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $95,810$67,090
X-2 Savings and temporary cash investmentsStart of year $174,033$177,700
X-3 Pledges and grants receivable$620,698
X-4 Accounts receivableStart of year $79,094$91,838
X-9 Prepaid expenses and deferred chargesStart of year $5,074$6,406
X-10c Land, buildings and equipment, netStart of year $407,411$4,941,356
X-15 Other assetsStart of year $1,363$290,912
X-16 Total assetsStart of year $762,785$6,196,000
X-17 Accounts payable and accrued expensesStart of year $21,384$13,280
X-25 Other liabilitiesStart of year $14,787$925,211
X-26 Total liabilitiesStart of year $36,171$3,026,907
X-27 Net assets without donor restrictionsStart of year $726,614$3,169,093
X-32 Total net assets or fund balancesStart of year $726,614$3,169,093
X-33 Total liabilities and net assetsStart of year $762,785$6,196,000
Part XI · Reconciliation of net assets $3,169,093 net assets at year end
XI-1 Total revenue$2,736,309
XI-2 Total expenses$293,829
XI-3 Revenue less expenses$2,442,480
XI-4 Net assets at start of year$726,614
XI-7 Investment expenses−$1
XI-10 Net assets at end of year$3,169,093

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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