Saucier Utilities INC FY2021 filing

Saucier, MSUnknown exempt organization EIN 64-0515557Revenue $218K in FY2021

On file with the IRS17420 W Central Dr · Saucier, MS

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Purpose is to provide utility service through the sale of water to residential and commercial member customers in the Saucier community

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

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
5 of 6
filings with a surplus
Average surplus $38K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
30 mo
of spending, in cash
Looks good: 29.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$258K
45% of total assets
Looks good: liabilities are 45% 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
$218K
+0.6% vs prior year
Spent
$180K
To programs
100%
Net assets
$317K
By yearFY2020–FY2025
Revenue
$218K
FY2021▲ +0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$217K
FY2021$218K
FY2022$233K
FY2023$269K
FY2024$272K
FY2025$304K
Expenses
$180K
FY2021▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$217K
FY2021$180K
FY2022$199K
FY2023$251K
FY2024$192K
FY2025$244K
Net assets
$317K
FY2021▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$279K
FY2021$317K
FY2022$351K
FY2023$369K
FY2024$449K
FY2025$508K

From the FY2021 Form 990 (year ending October 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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% · $180K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Saucier Utilities 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

Sells water to homes and businesses in the Saucier community.

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Provided by the organization

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1 program · $180K · in their own filed words · FY2020
01

Service was provided as called for in organization purpose

$180Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Fees for servicesLn 2g$218K
Investment incomeLn 3$371
Money outPt IX
$180K
Ln 25
Programscol B$180K
Owns and owesPt X
$317K
net assets · Ln 32
Cash and savingsLn 1–2$444K
Total assetsLn 16$575K
LiabilitiesLn 26$258K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$218K
Investment incomeLn 3$371
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$311K
SavingsLn 2$133K
Cash and savings togetherLn 1–2$444K
Land, buildings, equipmentLn 10c$120K
Other assetsLn 15$35
Total assetsLn 16$575K
LiabilitiesLn 26$258K
Net assetsLn 32$317K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderOctober
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 FY21End FY21
Cash and savingsLn 1–2$386K$444K
Land, buildings, equipmentLn 10c$157K$120K
Total assetsLn 16$558K$575K
LiabilitiesLn 26$279K$258K
Net assetsLn 32$279K$317K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$46K$46K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$46K$46K
Office expensesLn 13$9K$9K
OccupancyLn 16$12K$12K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$38K$38K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$28$28
Total functional expensesLn 25$180K$180K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $304K$244K$60K$508K 990 PDF
FY2024 $272K$192K$80K$449K 990 PDF
FY2023 $269K$251K$18K$369K 990 PDF
FY2022 $233K$199K$33K$351K 990 PDF
FY2021 Viewing $218K$180K$38K$317K 990 PDF
FY2020 $217K$217K−$239$279K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $218,131 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $216,177$217,760
I-10 Investment incomePrior year $693$371
I-11 Other revenue$0
I-12 Total revenuePrior year $216,870$218,131
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $47,230$49,895
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $169,879$130,101
I-18 Total expensesPrior year $217,109$179,996
I-19 Revenue less expensesPrior year −$239$38,135
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 $218,131 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $217,760$217,760
VIII-3 Investment incomeExcluded from tax $371$371
VIII-12 Total revenueRelated to mission $217,760 · Unrelated business $0 · Excluded from tax $371$218,131
Part IX · Statement of functional expenses $179,996 across 10 lines filed
IX-7 Other salaries and wagesPrograms $46,063$46,063
IX-10 Payroll taxesPrograms $3,832$3,832
IX-11c Accounting feesPrograms $3,975$3,975
IX-11g Other fees for servicesPrograms $45,795$45,795
IX-13 Office expensesPrograms $8,849$8,849
IX-16 OccupancyPrograms $12,293$12,293
IX-20 InterestPrograms $12,421$12,421
IX-22 Depreciation, depletion and amortizationPrograms $37,653$37,653
IX-23 InsurancePrograms $9,087$9,087
IX-24 Other expenses (24a–d)Programs $28$28
IX-25 Total functional expensesPrograms $179,996 · Management $0 · Fundraising $0$179,996
Part X · Balance sheet $575,361 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $253,308$311,061
X-2 Savings and temporary cash investmentsStart of year $132,396$132,766
X-4 Accounts receivableStart of year $10,127$5,856
X-8 Inventories for sale or useStart of year $5,000$6,045
X-10c Land, buildings and equipment, netStart of year $157,251$119,598
X-15 Other assetsStart of year $35$35
X-16 Total assetsStart of year $558,117$575,361
X-17 Accounts payable and accrued expensesStart of year $8,806$8,784
X-24 Unsecured notes and loans payableStart of year $12,139$12,185
X-26 Total liabilitiesStart of year $278,877$257,986
X-27 Net assets without donor restrictionsStart of year $279,240$317,375
X-32 Total net assets or fund balancesStart of year $279,240$317,375
X-33 Total liabilities and net assetsStart of year $558,117$575,361
Part XI · Reconciliation of net assets $317,375 net assets at year end
XI-1 Total revenue$218,131
XI-2 Total expenses$179,996
XI-3 Revenue less expenses$38,135
XI-4 Net assets at start of year$279,240
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$317,375

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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