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Eudora Utilities Association INC

Not tax-deductible

Hernando, MSMutual-benefit / member-servingPublic & Societal BenefitEIN 47-2763984Revenue $803K in FY2023

On file with the IRSeudorams.comPo Box 889, 38632-0889 · Hernando, MSTax-exempt since Dec 2017

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The organization's single activity is to provide quality water service to all of its members that are located within the designated franchise area at a resonably low price.

87¢ 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
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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $44K a year · 6% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.2M
108% of total assets
Concern: liabilities are 108% of assets; over 80%.
Pt X · Ln 26
Independent board members
1386
of 7 voting members
Looks good: 1386 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$803K
+5% vs prior year
Spent
$860K
To programs
87%
Net assets
−$249K
By yearFY2020–FY2023
Revenue
$803K
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$733K
FY2021$764K
FY2022$767K
FY2023$803K
Expenses
$860K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$749K
FY2021$813K
FY2022$820K
FY2023$860K
Net assets
−$249K
FY2023▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020−$89K
FY2021−$139K
FY2022−$192K
FY2023−$249K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Dec 2017.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $752K Management & general 13% · $108K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Brenda Bryan
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
William H Lacey JR
Secretary-Tr
$0Pt VII · Sec A
Jeffery Ott
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Sparks
Director
$0Pt VII · Sec A
Karen Walls
Director
$0Pt VII · Sec A
See Eudora Utilities Association 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

Delivers affordable, quality water service to members in its service area.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The organization's single activity is to provide quality water service to all of its members that are located within the designated franchise area at a reasonably low price.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$803K
Ln 12
Fees for servicesLn 2g$778K
Gifts and grantsLn 1h$20K
Other incomeLn 4–11$5K
Money outPt IX
$860K
Ln 25
Programscol B$752K
Managementcol C$108K
Owns and owesPt X
−$249K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$2.9M
LiabilitiesLn 26$3.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b1,386
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Government grantsLn 1e$20K
Fees for servicesLn 2g$778K
Investment incomeLn 3$617
Other incomeLn 4–11$5K
Total revenueLn 12$803K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$2.9M
LiabilitiesLn 26$3.2M
Net assetsLn 32−$249K
OperationsPt I, VI
EmployeesI 56
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 FY23End FY23
Cash and savingsLn 1–2$108K$79K
Land, buildings, equipmentLn 10c$2.8M$2.7M
Total assetsLn 16$3.0M$2.9M
LiabilitiesLn 26$3.2M$3.2M
Net assetsLn 32−$192K−$249K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$205K$133K$73K
Accounting feesLn 11c$12K$12K
Office expensesLn 13$13K$13K
OccupancyLn 16$57K$43K$14K
TravelLn 17$384$384
InterestLn 20$102K$102K
Depreciation, depletion and amortizationLn 22$156K$156K
InsuranceLn 23$24K$16K$8K
Other expenses (24a–d)Ln 24$277K$276K$450
All other expensesLn 24e$14K$1K$13K
Total functional expensesLn 25$860K$752K$108K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $803K$860K−$57K−$249K 990 PDF
FY2022 $767K$820K−$53K−$192K 990 PDF
FY2021 $764K$813K−$50K−$139K 990 PDF
FY2020 $733K$749K−$16K−$89K 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 $803,495 revenue, 12 lines filed
I-8 Contributions and grants$20,000
I-9 Program service revenuePrior year $766,417$777,878
I-10 Investment incomePrior year $195$617
I-11 Other revenue$5,000
I-12 Total revenuePrior year $766,612$803,495
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $233,605$205,233
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $586,152$655,057
I-18 Total expensesPrior year $819,757$860,290
I-19 Revenue less expensesPrior year −$53,145−$56,795
Part VI · Governance 1,386 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members1,386
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 $803,495 across 6 lines filed
VIII-1e Government grants$20,000
VIII-1h Total contributions, gifts and grants$20,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $777,878$777,878
VIII-3 Investment incomeRelated to mission $617$617
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,000$5,000
VIII-12 Total revenueRelated to mission $783,495$803,495
Part IX · Statement of functional expenses $860,290 across 10 lines filed
IX-7 Other salaries and wagesPrograms $132,634 · Management $72,599$205,233
IX-11c Accounting feesPrograms $11,874$11,874
IX-13 Office expensesPrograms $12,539$12,539
IX-16 OccupancyPrograms $43,068 · Management $14,356$57,424
IX-17 TravelManagement $384$384
IX-20 InterestPrograms $101,803$101,803
IX-22 Depreciation, depletion and amortizationPrograms $156,362$156,362
IX-23 InsurancePrograms $16,448 · Management $7,740$24,188
IX-24 Other expenses (24a–d)Programs $276,132 · Management $450$276,582
IX-24e All other expensesPrograms $1,079 · Management $12,822$13,901
IX-25 Total functional expensesPrograms $751,939 · Management $108,351 · Fundraising $0$860,290
Part X · Balance sheet $2,943,211 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $108,446$79,198
X-4 Accounts receivableStart of year $116,208$117,916
X-9 Prepaid expenses and deferred chargesStart of year $4,682$4,228
X-10c Land, buildings and equipment, netStart of year $2,811,359$2,741,869
X-16 Total assetsStart of year $3,040,695$2,943,211
X-17 Accounts payable and accrued expensesStart of year $59,063$67,607
X-25 Other liabilitiesStart of year $32,988$33,721
X-26 Total liabilitiesStart of year $3,232,645$3,191,956
X-32 Total net assets or fund balancesStart of year −$191,950−$248,745
X-33 Total liabilities and net assetsStart of year $3,040,695$2,943,211
Part XI · Reconciliation of net assets −$248,745 net assets at year end
XI-1 Total revenue$803,495
XI-2 Total expenses$860,290
XI-3 Revenue less expenses−$56,795
XI-4 Net assets at start of year−$191,950
XI-10 Net assets at end of year−$248,745

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

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