Hamilton Water District INC

Not tax-deductible

Hamilton, MSMutual-benefit / member-servingSince 1964Mutual/Membership EIN 64-0441304Revenue $990K in FY2025

On file with the IRShamiltonwaterdistrict.comPo Box 66, 39746-0066 · Hamilton, MSTax-exempt since Aug 2018

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Provide Water sales and services to members

100¢ of each $1 spent went to programs.
$2K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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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
2 of 5
filings with a surplus
Average deficit $32K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 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
Pay to officers and key staff
$2K
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.3M
117% of total assets
Concern: liabilities are 117% of assets; over 80%.
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
$990K
+4% vs prior year
Spent
$1.0M
To programs
100%
Net assets
−$637K
By yearFY2020–FY2025
Revenue
$990K
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$851K
FY2021$908K
FY2023$935K
FY2024$949K
FY2025$990K
Expenses
$1.0M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$933K
FY2021$947K
FY2023$930K
FY2024$946K
FY2025$1.0M
Net assets
−$637K
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$496K
FY2021−$536K
FY2023−$593K
FY2024−$589K
FY2025−$637K

From the FY2025 Form 990 (year ending September 2025) · 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: FY2025. IRS ruling in Aug 2018.

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% · $1.0M

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; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$400Pt VII · Sec A
Treasurer
$350Pt VII · Sec A
Vice President
$350Pt VII · Sec A
$300Pt VII · Sec A
Secretary
$300Pt VII · Sec A

James Bell’s $400 as President is at the 2nd percentile of top reported officer pay among 539 $100K–1M mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2021FY2020
Gerald Pounders———$600$450
Donnie Irvin$350$350$350$400$500
Susan Honeycutt$300$350$350$500$400
Barry Thompson———$450$400
James Bell$400$350$350$400—
Larry Wilson———$50$400
John W McCartney$350$250$350——
Tracy Pickle$300$350$250——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hamilton Water District 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 15aYes

Programs and updates

Sells and services water for members.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2024
01

Provide water sales and services to members

$1.0Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$990K
Ln 12
Fees for servicesLn 2g$974K
Investment incomeLn 3$17K
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Owns and owesPt X
−$637K
net assets · Ln 32
Cash and savingsLn 1–2$482K
Total assetsLn 16$3.7M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$974K
Investment incomeLn 3$17K
Gains on assetsLn 7$0
Total revenueLn 12$990K
Assets in detailPt X, end of year
CashLn 1$482K
SavingsLn 2$0
Cash and savings togetherLn 1–2$482K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$0
Total assetsLn 16$3.7M
LiabilitiesLn 26$4.3M
Net assetsLn 32−$637K
OperationsPt I, VI
EmployeesI 56
Fiscal year endsHeaderSeptember
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 FY25End FY25
Cash and savingsLn 1–2$544K$482K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.2M$3.1M
Total assetsLn 16$3.8M$3.7M
LiabilitiesLn 26$4.4M$4.3M
Net assetsLn 32−$589K−$637K
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$2K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$225K
Pension plan contributionsLn 8$5K
Other employee benefitsLn 9$0
Payroll taxesLn 10$18K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$13K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K
Advertising and promotionLn 12$167
Office expensesLn 13$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$309K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$2K
InterestLn 20$157K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$196K
InsuranceLn 23$51K
Other expenses (24a–d)Ln 24$46K
All other expensesLn 24e$4K
Total functional expensesLn 25$1.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $990K$1.0M−$48K−$637K 990 PDF
FY2024 $949K$946K$3K−$589K 990 PDF
FY2023 $935K$930K$5K−$593K 990 PDF
FY2022 Not on file
FY2021 $908K$947K−$39K−$536K 990 PDF
FY2020 $851K$933K−$82K−$496K 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 $990,288 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $930,085$973,716
I-10 Investment incomePrior year $19,034$16,572
I-11 Other revenue$0
I-12 Total revenuePrior year $949,119$990,288
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $244,501$250,037
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $701,381$788,385
I-18 Total expensesPrior year $945,882$1,038,422
I-19 Revenue less expensesPrior year $3,237−$48,134
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $990,288 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 $973,716$973,716
VIII-3 Investment incomeExcluded from tax $16,572$16,572
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 $973,716 · Excluded from tax $16,572$990,288
Part IX · Statement of functional expenses $1,038,422 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$1,700
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$225,330
IX-8 Pension plan contributions$5,356
IX-9 Other employee benefits$0
IX-10 Payroll taxes$17,651
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$13,200
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$1,138
IX-12 Advertising and promotion$167
IX-13 Office expenses$8,862
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$309,329
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$2,016
IX-20 Interest$157,368
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$195,647
IX-23 Insurance$51,045
IX-24 Other expenses (24a–d)$45,973
IX-24e All other expenses$3,640
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$1,038,422
Part X · Balance sheet $3,671,229 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $543,774$481,526
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $77,123$83,920
X-8 Inventories for sale or useStart of year $46,436$30,696
X-9 Prepaid expenses and deferred chargesStart of year $17,065$13,617
X-10c Land, buildings and equipment, netStart of year $3,157,747$3,061,470
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 assets$0
X-16 Total assetsStart of year $3,842,145$3,671,229
X-17 Accounts payable and accrued expensesStart of year $168,596$183,499
X-26 Total liabilitiesStart of year $4,431,468$4,308,686
X-27 Net assets without donor restrictionsStart of year −$1,408,460−$1,456,594
X-28 Net assets with donor restrictionsStart of year $819,137$819,137
X-32 Total net assets or fund balancesStart of year −$589,323−$637,457
X-33 Total liabilities and net assetsStart of year $3,842,145$3,671,229
Part XI · Reconciliation of net assets −$637,457 net assets at year end
XI-1 Total revenue$990,288
XI-2 Total expenses$1,038,422
XI-3 Revenue less expenses−$48,134
XI-4 Net assets at start of year−$589,323
XI-10 Net assets at end of year−$637,457

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

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