Walker Water Association INC FY2020 filing

Not tax-deductible

Magnolia, ARMutual-benefit / member-servingSince 1969Mutual / membership EIN 23-7262301Revenue $479K in FY2020Latest return filed Jul 9, 2026

On file with the IRSMagnolia, ARTax-exempt since Nov 1974

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Provide Water to customers

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
3 of 6
filings with a surplus
Average surplus $46K a year · 11% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$661K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$479K
Spent
$286K
To programs
100%
Net assets
$883K
By yearFY2020–FY2025
Revenue
$479K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$479K
FY2021$382K
FY2022$406K
FY2023$410K
FY2024$407K
FY2025$415K
Expenses
$286K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$286K
FY2021$288K
FY2022$347K
FY2023$418K
FY2024$436K
FY2025$447K
Net assets
$883K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$883K
FY2021$977K
FY2022$1.0M
FY2023$1.0M
FY2024$998K
FY2025$967K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1974.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $286K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024
Gary Carter$35,000$29,065
Lillie Wright$22,743$18,925
John T Mack$7,200$7,200

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 Walker Water Association INC executive salaries →

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 15aYes

Programs and updates

Walker Water Association INC is a member-serving organization based in Magnolia, AR, formed in 1969.

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1 program · $286K · in their own filed words · FY2020
01

Water sales and expenses

$286Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2019 · $1.1M federal money spent
Water and Waste Disposal Systems for Rural CommunitiesDepartment of Agriculture · ALN 10.760 · Direct$597K
Capitalization Grants for Drinking Water State Revolving FundsEnvironmental Protection Agency · ALN 66.468 · Direct$468K

The auditor reported 3 findings: a weakness in money controls.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$479K
Ln 12
Fees for servicesLn 2g$396K
Gifts and grantsLn 1h$82K
Investment incomeLn 3$389
Money outPt IX
$286K
Ln 25
Programscol B$286K
Owns and owesPt X
$883K
net assets · Ln 32
Cash and savingsLn 1–2$219K
Total assetsLn 16$1.5M
LiabilitiesLn 26$661K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Government grantsLn 1e$82K
Fees for servicesLn 2g$396K
Investment incomeLn 3$389
Total revenueLn 12$479K
Assets in detailPt X, end of year
CashLn 1$170K
SavingsLn 2$49K
Cash and savings togetherLn 1–2$219K
Accounts receivableLn 4$36K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$1.5M
LiabilitiesLn 26$661K
Net assetsLn 32$883K
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$67K$219K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$772K$661K
Net assetsLn 32$690K$883K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$43K$43K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$8K$8K
TravelLn 17$5K$5K
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$96K$96K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$74K$74K
All other expensesLn 24e$12K$12K
Total functional expensesLn 25$286K$286K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 9, 2026 $415K$447K−$32K$967K 990 PDF
FY2024Filed with the IRS Sep 11, 2025 $407K$436K−$29K$998K 990 PDF
FY2023Filed with the IRS Sep 12, 2024 $410K$418K−$8K$1.0M 990 PDF
FY2022Filed with the IRS Sep 1, 2023 $406K$347K$59K$1.0M 990 PDF
FY2021Filed with the IRS Oct 19, 2022 $382K$288K$94K$977K 990 PDF
FY2020 ViewingFiled with the IRS Sep 27, 2021 $479K$286K$193K$883K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $478,991 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $467,581$82,419
I-9 Program service revenuePrior year $367,296$396,183
I-10 Investment incomePrior year $391$389
I-11 Other revenue$0
I-12 Total revenuePrior year $835,268$478,991
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $48,895$46,325
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $300,638$240,155
I-18 Total expensesPrior year $349,533$286,480
I-19 Revenue less expensesPrior year $485,735$192,511
Part VI · Governance 6 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $478,991 across 5 lines filed
VIII-1e Government grants$82,419
VIII-1h Total contributions, gifts and grants$82,419
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $396,183$396,183
VIII-3 Investment incomeExcluded from tax $389$389
VIII-12 Total revenueRelated to mission $396,183 · Excluded from tax $389$478,991
Part IX · Statement of functional expenses $286,480 across 10 lines filed
IX-7 Other salaries and wagesPrograms $42,683$42,683
IX-10 Payroll taxesPrograms $3,642$3,642
IX-11c Accounting feesPrograms $9,688$9,688
IX-13 Office expensesPrograms $7,742$7,742
IX-17 TravelPrograms $5,415$5,415
IX-20 InterestPrograms $27,776$27,776
IX-22 Depreciation, depletion and amortizationPrograms $95,850$95,850
IX-23 InsurancePrograms $7,875$7,875
IX-24 Other expenses (24a–d)Programs $73,736$73,736
IX-24e All other expensesPrograms $12,073$12,073
IX-25 Total functional expensesPrograms $286,480 · Management $0 · Fundraising $0$286,480
Part X · Balance sheet $1,543,684 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $32,120$170,316
X-2 Savings and temporary cash investmentsStart of year $34,527$48,913
X-4 Accounts receivableStart of year $43,421$35,939
X-9 Prepaid expenses and deferred chargesStart of year $2,290$2,504
X-10c Land, buildings and equipment, netStart of year $1,350,071$1,286,012
X-16 Total assetsStart of year $1,462,429$1,543,684
X-17 Accounts payable and accrued expensesStart of year $26,294$7,201
X-23 Secured mortgages and notes payableStart of year $705,850$615,411
X-25 Other liabilitiesStart of year $40,151$38,427
X-26 Total liabilitiesStart of year $772,295$661,039
X-27 Net assets without donor restrictionsStart of year $722,329$908,376
X-28 Net assets with donor restrictionsStart of year −$32,195−$25,731
X-32 Total net assets or fund balancesStart of year $690,134$882,645
X-33 Total liabilities and net assetsStart of year $1,462,429$1,543,684
Part XI · Reconciliation of net assets $882,645 net assets at year end
XI-1 Total revenue$478,991
XI-2 Total expenses$286,480
XI-3 Revenue less expenses$192,511
XI-4 Net assets at start of year$690,134
XI-10 Net assets at end of year$882,645

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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