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Multi-Mart Water Association INC

Not tax-deductible

Lucedale, MSMutual-benefit / member-servingCommunity Development EIN 64-0443936Revenue $652K in FY2025

On file with the IRSPo Box 979, 39452-0979 · Lucedale, MSTax-exempt since Feb 2013

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The mission of the organization is to supply potable Water to residents and businesses located in the Multi-Mart Water district.

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
6 of 6
filings with a surplus
Average surplus $84K a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$969K
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$652K
+16% vs prior year
Spent
$453K
To programs
88%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$652K
FY2025▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$336K
FY2021$386K
FY2022$402K
FY2023$614K
FY2024$559K
FY2025$652K
Expenses
$453K
FY2025-0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$318K
FY2021$319K
FY2022$388K
FY2023$514K
FY2024$455K
FY2025$453K
Net assets
$1.1M
FY2025▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$444K
FY2021$643K
FY2022$692K
FY2023$791K
FY2024$896K
FY2025$1.1M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Exemption reinstated (2010-12-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Feb 2013.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $398K Management & general 12% · $55K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Todd Deakle
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Alex Lewis
Vice Preside
$0Pt VII · Sec A
See Multi-Mart Water 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

Provides safe drinking water to homes and businesses in the Multi-Mart Water District.

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Provided by the organization

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1 program · $398K · in their own filed words · FY2025
01

Organization met most of expectations of supplying potable water to residents and businesses in the water district.

$398Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$652K
Ln 12
Fees for servicesLn 2g$640K
Investment incomeLn 3$11K
Money outPt IX
$453K
Ln 25
Programscol B$398K
Managementcol C$55K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$413K
Total assetsLn 16$2.1M
LiabilitiesLn 26$969K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$640K
Investment incomeLn 3$11K
Total revenueLn 12$652K
Assets in detailPt X, end of year
CashLn 1$161K
SavingsLn 2$252K
Cash and savings togetherLn 1–2$413K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$2.1M
LiabilitiesLn 26$969K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 53
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 FY25End FY25
Cash and savingsLn 1–2$297K$413K
Land, buildings, equipmentLn 10c$1.6M$1.6M
Total assetsLn 16$1.9M$2.1M
LiabilitiesLn 26$1.0M$969K
Net assetsLn 32$896K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$98K$98K
Payroll taxesLn 10$7K$7K
Management feesLn 11a$2K$2K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$218K$202K$16K
Advertising and promotionLn 12$150$150
Office expensesLn 13$14K$14K
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$51K$51K
InsuranceLn 23$40K$40K
Total functional expensesLn 25$453K$398K$55K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $652K$453K$198K$1.1M 990 PDF
FY2024 $559K$455K$104K$896K 990 PDF
FY2023 $614K$514K$100K$791K 990 PDF
FY2022 $402K$388K$14K$692K 990 PDF
FY2021 $386K$319K$67K$643K 990 PDF
FY2020 $336K$318K$18K$444K 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 $651,538 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $562,298$640,409
I-10 Investment incomePrior year −$2,923$11,129
I-11 Other revenue$0
I-12 Total revenuePrior year $559,375$651,538
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $41,245$105,380
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $413,863$347,770
I-18 Total expensesPrior year $455,108$453,150
I-19 Revenue less expensesPrior year $104,267$198,388
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $651,538 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $640,409$640,409
VIII-3 Investment incomeRelated to mission $11,129$11,129
VIII-12 Total revenueRelated to mission $651,538$651,538
Part IX · Statement of functional expenses $453,150 across 10 lines filed
IX-7 Other salaries and wagesPrograms $97,891$97,891
IX-10 Payroll taxesPrograms $7,489$7,489
IX-11a Management feesManagement $2,070$2,070
IX-11c Accounting feesManagement $9,406$9,406
IX-11g Other fees for servicesPrograms $201,506 · Management $16,152$217,658
IX-12 Advertising and promotionManagement $150$150
IX-13 Office expensesManagement $14,188$14,188
IX-20 InterestManagement $12,815$12,815
IX-22 Depreciation, depletion and amortizationPrograms $51,404$51,404
IX-23 InsurancePrograms $40,079$40,079
IX-25 Total functional expensesPrograms $398,369 · Management $54,781 · Fundraising $0$453,150
Part X · Balance sheet $2,062,226 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $184,102$161,147
X-2 Savings and temporary cash investmentsStart of year $112,402$252,005
X-4 Accounts receivableStart of year $34,583$12,077
X-8 Inventories for sale or useStart of year $622$9,100
X-10c Land, buildings and equipment, netStart of year $1,592,860$1,627,897
X-16 Total assetsStart of year $1,924,569$2,062,226
X-17 Accounts payable and accrued expensesStart of year $1,188$1,188
X-25 Other liabilitiesStart of year $38,638$40,166
X-26 Total liabilitiesStart of year $1,028,849$968,515
X-32 Total net assets or fund balancesStart of year $895,720$1,093,711
X-33 Total liabilities and net assetsStart of year $1,924,569$2,062,226
Part XI · Reconciliation of net assets $1,093,711 net assets at year end
XI-1 Total revenue$651,538
XI-2 Total expenses$453,150
XI-3 Revenue less expenses$198,388
XI-4 Net assets at start of year$895,720
XI-9 Other changes in net assets−$397
XI-10 Net assets at end of year$1,093,711

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

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