Powers Water Association FY2023 filing

Not tax-deductible

Laurel, MSMutual-benefit / member-servingEnvironmentEIN 64-0433780Revenue $482K in FY2023

On file with the IRSPo Box 161, 39441-0161 · Laurel, MSTax-exempt since Jun 2014

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To provide water service to residential and commercial customers in the Powers and surrounding communities

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

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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
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 5
filings with a surplus
Average surplus $271 a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$54K
6% of total assets
Looks good: liabilities are 6% 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
$482K
+16% vs prior year
Spent
$456K
To programs
100%
Net assets
$832K
By yearFY2021–FY2025
Revenue
$482K
FY2023▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2021$374K
FY2022$416K
FY2023$482K
FY2024$514K
FY2025$532K
Expenses
$456K
FY2023▼ -0.6%
Tap a bar for its year
Expenses by fiscal year
FY2021$393K
FY2022$458K
FY2023$456K
FY2024$484K
FY2025$525K
Net assets
$832K
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$849K
FY2022$806K
FY2023$832K
FY2024$862K
FY2025$869K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2014.

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% · $456K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Powers Water Association 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 to homes and businesses in Powers and nearby areas.

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1 program · $446K · in their own filed words · FY2022
01

To provide water service to residential and commercial customers in the Powers and surrounding communities

$446Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$482K
Ln 12
Fees for servicesLn 2g$482K
Investment incomeLn 3$80
Money outPt IX
$456K
Ln 25
Programscol B$456K
Owns and owesPt X
$832K
net assets · Ln 32
Cash and savingsLn 1–2$105K
Total assetsLn 16$886K
LiabilitiesLn 26$54K
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$482K
Investment incomeLn 3$80
Gains on assetsLn 7$0
Total revenueLn 12$482K
Assets in detailPt X, end of year
CashLn 1$72K
SavingsLn 2$33K
Cash and savings togetherLn 1–2$105K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$729K
Other assetsLn 15$235
Total assetsLn 16$886K
LiabilitiesLn 26$54K
Net assetsLn 32$832K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
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$73K$105K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$784K$729K
Total assetsLn 16$911K$886K
LiabilitiesLn 26$105K$54K
Net assetsLn 32$806K$832K
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$77K$77K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$480$480
Payroll taxesLn 10$6K$6K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
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$3K$3K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$55K$55K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$252K$252K
All other expensesLn 24e$39K$39K
Total functional expensesLn 25$456K$456K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $532K$525K$7K$869K 990 PDF
FY2024 $514K$484K$30K$862K 990 PDF
FY2023 Viewing $482K$456K$26K$832K 990 PDF
FY2022 $416K$458K−$43K$806K 990 PDF
FY2021 $374K$393K−$18K$849K 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 $481,741 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $415,423$481,661
I-10 Investment incomePrior year $138$80
I-11 Other revenue$0
I-12 Total revenuePrior year $415,561$481,741
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $99,919$83,257
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $358,531$372,582
I-18 Total expensesPrior year $458,450$455,839
I-19 Revenue less expensesPrior year −$42,889$25,902
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $481,741 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $481,661$481,661
VIII-3 Investment incomeExcluded from tax $80$80
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $481,661 · Excluded from tax $80$481,741
Part IX · Statement of functional expenses $455,839 across 31 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 wagesPrograms $76,760$76,760
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $480$480
IX-10 Payroll taxesPrograms $6,017$6,017
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $9,181$9,181
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
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 $2,508$2,508
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $54,769$54,769
IX-23 InsurancePrograms $15,742$15,742
IX-24 Other expenses (24a–d)Programs $251,801$251,801
IX-24e All other expensesPrograms $38,581$38,581
IX-25 Total functional expensesPrograms $455,839 · Management $0 · Fundraising $0$455,839
Part X · Balance sheet $885,825 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $39,584$71,851
X-2 Savings and temporary cash investmentsStart of year $33,353$33,366
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $25,262$25,736
X-8 Inventories for sale or useStart of year $20,000$17,000
X-9 Prepaid expenses and deferred chargesStart of year $8,587$8,594
X-10c Land, buildings and equipment, netStart of year $783,811$729,043
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $235$235
X-16 Total assetsStart of year $910,832$885,825
X-17 Accounts payable and accrued expensesStart of year $3,474$9,160
X-25 Other liabilitiesStart of year $32,318$30,591
X-26 Total liabilitiesStart of year $104,749$53,840
X-32 Total net assets or fund balancesStart of year $806,083$831,985
X-33 Total liabilities and net assetsStart of year $910,832$885,825
Part XI · Reconciliation of net assets $831,985 net assets at year end
XI-1 Total revenue$481,741
XI-2 Total expenses$455,839
XI-3 Revenue less expenses$25,902
XI-4 Net assets at start of year$806,083
XI-10 Net assets at end of year$831,985

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

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