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Wrp INC

Not tax-deductible

Destin, FLMutual-benefit / member-servingMutual/Membership EIN 59-3405130Revenue $276K in FY2025

On file with the IRSPo Box 308, 32540-0308 · Destin, FLTax-exempt since Nov 1999

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The association's specific purposes are, but not limited to, providing basic utility services to the residents of south okaloosa county, florida and south walton county, florida by managing, operating and maintaining their jointly-owned regional water supply system and such other equipment and property as may be necessary to provide water to the corporation's members.

Mission: Form 990 Part I, line 1

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
0 of 6
filings with a surplus
Average deficit $474K a year · 157% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.4M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$276K
-0.4% vs prior year
Spent
$734K
Net assets
$15.3M
By yearFY2020–FY2025
Revenue
$276K
FY2025-0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$344K
FY2021$328K
FY2022$291K
FY2023$294K
FY2024$277K
FY2025$276K
Expenses
$734K
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$820K
FY2021$800K
FY2022$784K
FY2023$768K
FY2024$751K
FY2025$734K
Net assets
$15.3M
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.7M
FY2021$17.2M
FY2022$16.8M
FY2023$16.3M
FY2024$15.8M
FY2025$15.3M

From the FY2025 Form 990 (year ending September 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1999.

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

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Jimmie Neilson
Secretary/Treasurer
$0Pt VII · Sec A
Dave Brown
Director
$0Pt VII · Sec A
Dustin Terry
Director
$0Pt VII · Sec A
Monica Wallis
General Manager Dwu
$0Pt VII · Sec A
Joe Ream
General Manager Swu
$0Pt VII · Sec A
See Wrp 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

Manages and maintains a regional water system to provide essential utility services to residents.

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1 program · in their own filed words · FY2024
01

WRP, inc. Provides a safe, reliable, and cost-effective water supply to it's members.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$276K
Ln 12
Investment incomeLn 3$174K
Gifts and grantsLn 1h$85K
Other incomeLn 4–11$16K
Money outPt IX
$734K
Ln 25
Owns and owesPt X
$15.3M
net assets · Ln 32
Cash and savingsLn 1–2$739K
Total assetsLn 16$21.7M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85K
Investment incomeLn 3$174K
Other incomeLn 4–11$16K
Total revenueLn 12$276K
Assets in detailPt X, end of year
CashLn 1$739K
Cash and savings togetherLn 1–2$739K
Land, buildings, equipmentLn 10c$14.6M
Other assetsLn 15$5.7M
Total assetsLn 16$21.7M
LiabilitiesLn 26$6.4M
Net assetsLn 32$15.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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$654K$739K
Land, buildings, equipmentLn 10c$15.1M$14.6M
Total assetsLn 16$22.9M$21.7M
LiabilitiesLn 26$7.1M$6.4M
Net assetsLn 32$15.8M$15.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$10K
InterestLn 20$174K
Depreciation, depletion and amortizationLn 22$543K
InsuranceLn 23$6K
Other expenses (24a–d)Ln 24$510
Total functional expensesLn 25$734K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $276K$734K−$458K$15.3M 990 PDF
FY2024 $277K$751K−$474K$15.8M 990 PDF
FY2023 $294K$768K−$473K$16.3M 990 PDF
FY2022 $291K$784K−$493K$16.8M 990 PDF
FY2021 $328K$800K−$472K$17.2M 990 PDF
FY2020 $344K$820K−$476K$17.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $275,842 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $69,060$85,210
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $192,023$174,226
I-11 Other revenuePrior year $15,860$16,406
I-12 Total revenuePrior year $276,943$275,842
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $751,153$733,902
I-18 Total expensesPrior year $751,153$733,902
I-19 Revenue less expensesPrior year −$474,210−$458,060
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $275,842 across 5 lines filed
VIII-1f All other contributions, gifts and grants$85,210
VIII-1h Total contributions, gifts and grants$85,210
VIII-3 Investment incomeExcluded from tax $174,226$174,226
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $16,406$16,406
VIII-12 Total revenueRelated to mission $16,406 · Unrelated business $0 · Excluded from tax $174,226$275,842
Part IX · Statement of functional expenses $733,902 across 5 lines filed
IX-11c Accounting fees$9,850
IX-20 Interest$174,226
IX-22 Depreciation, depletion and amortization$543,270
IX-23 Insurance$6,046
IX-24 Other expenses (24a–d)$510
IX-25 Total functional expenses$733,902
Part X · Balance sheet $21,730,080 assets, 9 lines filed
Asset lines not itemized here account for $696,519; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $654,047$739,257
X-10c Land, buildings and equipment, netStart of year $15,077,160$14,550,844
X-15 Other assetsStart of year $6,485,418$5,743,460
X-16 Total assetsStart of year $22,895,976$21,730,080
X-17 Accounts payable and accrued expensesStart of year $30,561$29,522
X-25 Other liabilitiesStart of year $7,058,705$6,351,908
X-26 Total liabilitiesStart of year $7,089,266$6,381,430
X-32 Total net assets or fund balancesStart of year $15,806,710$15,348,650
X-33 Total liabilities and net assetsStart of year $22,895,976$21,730,080
Part XI · Reconciliation of net assets $15,348,650 net assets at year end
XI-1 Total revenue$275,842
XI-2 Total expenses$733,902
XI-3 Revenue less expenses−$458,060
XI-4 Net assets at start of year$15,806,710
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,348,650

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

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