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Coalfield Water Development Fun INC FY2024 filing

Tax-deductible

Coeburn, VA501(c)(3)Public & Societal BenefitEIN 31-1459992

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To expedite Water Development by providing gap financing, encourage regional Water system Development

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 5
filings with a surplus
Average surplus $103K a year · 13% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.9M
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$683K
+11% vs prior year
Spent
$770K
To programs
84%
Net assets
$11.2M
By yearFY2021–FY2025
Revenue
$683K
FY2024▲ +11%
Revenue by fiscal year
FY2021$1.2M
FY2022$814K
FY2023$613K
FY2024$683K
FY2025$562K
Expenses
$770K
FY2024▲ +10%
Expenses by fiscal year
FY2021$589K
FY2022$578K
FY2023$701K
FY2024$770K
FY2025$722K
Net assets
$11.2M
FY2024▲ +11%
Net assets by fiscal year
FY2021$13.0M
FY2022$9.8M
FY2023$10.1M
FY2024$11.2M
FY2025$12.7M

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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 Apr 1996.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $647K Management & general 16% · $124K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Duane Miller
V President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Sim Ewing
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Deal
Director
$0Pt VII · Sec A
Randy Albert
Director
$0Pt VII · Sec A
See Coalfield Water Development Fun INC 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

Expedites water development by providing gap financing and encouraging regional water systems.

Provided by the organization

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1 program service account for $647K of program spending, described in the organization's own filed words · FY2023.
01

To fund water projects in southwest virginia, focusing on areas without adequate water systems

$647Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 29 grants · $2.8M · 2020–2024
Dickenson County Public ServiceFY2024$143,745
Town of TazewellFY2024$92,255
City of NortonFY2024$75,000
Wise County Public ServiceFY2024$75,000
Scott County Public ServiceFY2024$75,000
Russell County Public ServiceFY2024$50,000
Lee County Public Service AuthorityFY2024$46,000
Woodway Water AuthorityFY2024$15,000
Buchanan County Public ServiceFY2023$330,064
Lee County Public Service AuthorityFY2023$109,900
Wise County Public ServiceFY2023$106,602
Dickenson County Public ServiceFY2023$100,000
Buchanan County Public ServiceFY2022$191,665
Dickenson County Public ServiceFY2022$150,000
Scott County Public ServiceFY2022$78,500
Wise County Public ServiceFY2022$70,000
Lee County Public Service AuthorityFY2022$60,000
Russell County Public ServiceFY2022$50,000
See all 29 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$683K
Ln 12
Investment incomeLn 3$382K
Gifts and grantsLn 1h$195K
Other incomeLn 4–11$106K
Money outPt IX
$770K
Ln 25
Programscol B$647K
Managementcol C$124K
Owns and owesPt X
$11.2M
net assets · Ln 32
Cash and savingsLn 1–2$639K
Total assetsLn 16$22.1M
LiabilitiesLn 26$10.9M
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$195K
Investment incomeLn 3$382K
Other incomeLn 4–11$106K
Gains on assetsLn 7−$28K
Total revenueLn 12$683K
Assets in detailPt X, end of year
CashLn 1$639K
Cash and savings togetherLn 1–2$639K
InvestmentsLn 11–13$21.5M
Total assetsLn 16$22.1M
LiabilitiesLn 26$10.9M
Net assetsLn 32$11.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$277K$639K
InvestmentsLn 11–13$20.6M$21.5M
Total assetsLn 16$20.9M$22.1M
LiabilitiesLn 26$10.8M$10.9M
Net assetsLn 32$10.1M$11.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$647K$647K
Management feesLn 11a$45K$45K
Accounting feesLn 11c$30K$30K
Investment management feesLn 11f$39K$39K
Other fees for servicesLn 11g$8K$8K
InsuranceLn 23$803$803
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$770K$647K$124K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $562K$722K−$159K$12.7M 990 PDF
FY2024 Viewing $683K$770K−$88K$11.2M 990 PDF
FY2023 $613K$701K−$87K$10.1M 990 PDF
FY2022 $814K$578K$237K$9.8M 990 PDF
FY2021 $1.2M$589K$610K$13.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $682,798 across 6 lines filed
VIII-1f All other contributions, gifts and grants$195,128
VIII-1h Total contributions, gifts and grants$195,128
VIII-3 Investment incomeRelated to mission $409,777$409,777
VIII-7 Net gain or loss on sales of assetsRelated to mission −$28,106−$28,106
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $105,999$105,999
VIII-12 Total revenueRelated to mission $487,670$682,798
Part IX · Statement of functional expenses $770,421 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $646,566$646,566
IX-11a Management feesManagement $45,064$45,064
IX-11c Accounting feesManagement $30,430$30,430
IX-11f Investment management feesManagement $38,533$38,533
IX-11g Other fees for servicesManagement $7,500$7,500
IX-23 InsuranceManagement $803$803
IX-24 Other expenses (24a–d)Management $1,525$1,525
IX-25 Total functional expensesPrograms $646,566 · Management $123,855 · Fundraising $0$770,421
Part X · Balance sheet $22,107,455 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $277,038$638,585
X-11 Publicly traded securitiesStart of year $20,591,073$21,468,870
X-16 Total assetsStart of year $20,868,111$22,107,455
X-17 Accounts payable and accrued expensesStart of year $3,198$2,250
X-18 Grants payableStart of year $789,309$928,164
X-26 Total liabilitiesStart of year $10,792,507$10,930,414
X-28 Net assets with donor restrictionsStart of year $10,075,604$11,177,041
X-32 Total net assets or fund balancesStart of year $10,075,604$11,177,041
X-33 Total liabilities and net assetsStart of year $20,868,111$22,107,455
Part XI · Reconciliation of net assets $11,177,041 net assets at year end
XI-1 Total revenue$682,798
XI-2 Total expenses$770,421
XI-3 Revenue less expenses−$87,623
XI-4 Net assets at start of year$10,075,604
XI-5 Net unrealized gains (losses) on investments$1,189,060
XI-10 Net assets at end of year$11,177,041

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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