Echo Lake Water District FY2023 filing

Chepachet, RIUnknown exempt organizationEIN 43-2017234Revenue $42K in FY2023

On file with the IRSPo Box 774 · Chepachet, RI

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The corporation is a non-profit water district. The most significant activity is to provide water services to 57 customers.

89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $5K a year · 12% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$112K
37% of total assets
Looks good: liabilities are 37% 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
$42K
+7% vs prior year
Spent
$66K
To programs
89%
Net assets
$192K
By yearFY2020–FY2024
Revenue
$42K
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$40K
FY2021$45K
FY2022$40K
FY2023$42K
FY2024$47K
Expenses
$66K
FY2023▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$34K
FY2021$46K
FY2022$47K
FY2023$66K
FY2024$46K
Net assets
$192K
FY2023▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$224K
FY2021$223K
FY2022$216K
FY2023$192K
FY2024$193K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $58K Management & general 11% · $7K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Echo Lake Water District 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

Supplies water services to 57 customers.

Questions for Echo Lake Water District

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Provided by the organization

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1 program · $58K · in their own filed words · FY2023
01

Water services were supplied to all recepients during 2023

$58Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$42K
Ln 12
Fees for servicesLn 2g$42K
Investment incomeLn 3$3
Money outPt IX
$66K
Ln 25
Programscol B$58K
Managementcol C$7K
Owns and owesPt X
$192K
net assets · Ln 32
Cash and savingsLn 1–2$48K
Total assetsLn 16$305K
LiabilitiesLn 26$112K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$42K
Investment incomeLn 3$3
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$28K
Cash and savings togetherLn 1–2$48K
Land, buildings, equipmentLn 10c$257K
Total assetsLn 16$305K
LiabilitiesLn 26$112K
Net assetsLn 32$192K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$61K$48K
Land, buildings, equipmentLn 10c$269K$257K
Total assetsLn 16$331K$305K
LiabilitiesLn 26$115K$112K
Net assetsLn 32$216K$192K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$550$550
Legal feesLn 11b$0
Accounting feesLn 11c$5K$5K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$1K$1K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$5K$5K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$35K$35K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$66K$58K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $47K$46K$763$193K 990 PDF
FY2023 Viewing $42K$66K−$23K$192K 990 PDF
FY2022 $40K$47K−$7K$216K 990 PDF
FY2021 $45K$46K−$1K$223K 990 PDF
FY2020 $40K$34K$6K$224K 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 FY2023 990 (6 parts)
Part I · Summary $42,354 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $39,544$42,351
I-10 Investment incomePrior year $3$3
I-11 Other revenue$0
I-12 Total revenuePrior year $39,547$42,354
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,658$65,631
I-18 Total expensesPrior year $46,658$65,631
I-19 Revenue less expensesPrior year −$7,111−$23,277
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $42,354 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$42,351
VIII-3 Investment income$3
VIII-12 Total revenue$42,354
Part IX · Statement of functional expenses $65,631 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $550$550
IX-11b Legal fees$0
IX-11c Accounting feesManagement $5,285$5,285
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $1,304$1,304
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $4,738$4,738
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $13,916$13,916
IX-23 InsurancePrograms $1,564$1,564
IX-24 Other expenses (24a–d)Programs $35,398$35,398
IX-24e All other expensesPrograms $2,876$2,876
IX-25 Total functional expensesPrograms $58,492 · Management $7,139 · Fundraising $0$65,631
Part X · Balance sheet $304,517 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $33,128$19,179
X-2 Savings and temporary cash investmentsStart of year $28,344$28,347
X-4 Accounts receivable$195
X-10c Land, buildings and equipment, netStart of year $269,048$256,796
X-16 Total assetsStart of year $330,520$304,517
X-18 Grants payableStart of year $114,871$112,145
X-26 Total liabilitiesStart of year $114,871$112,145
X-32 Total net assets or fund balancesStart of year $215,649$192,372
X-33 Total liabilities and net assetsStart of year $330,520$304,517
Part XI · Reconciliation of net assets $192,372 net assets at year end
XI-1 Total revenue$42,354
XI-2 Total expenses$65,631
XI-3 Revenue less expenses−$23,277
XI-4 Net assets at start of year$215,649
XI-10 Net assets at end of year$192,372

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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