Russell Utilities INC

Not tax-deductible

Toomsuba, MSMutual-benefit / member-servingSince 1973Mutual/Membership EIN 64-0535190Revenue $493K in FY2026

On file with the IRS1767 Willow Lake Rd, 39364-9699 · Toomsuba, MSTax-exempt since Jan 2003

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Russell Utilities, INC. Is a rural water association providing water to customers in a rural area in toomsuba, mississippi.

86¢ 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

Before you give

FY2026 · 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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $91K a year · 23% 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
86%
of spending
Looks good: 86% 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 · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
26 mo
of spending, in cash
Looks good: 26.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$66K
4% of total assets
Looks good: liabilities are 4% 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
$493K
+10% vs prior year
Spent
$310K
To programs
86%
Net assets
$1.5M
By yearFY2021–FY2026
Revenue
$493K
FY2026▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$333K
FY2022$333K
FY2023$370K
FY2024$412K
FY2025$449K
FY2026$493K
Expenses
$310K
FY2026▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2021$293K
FY2022$258K
FY2023$307K
FY2024$325K
FY2025$352K
FY2026$310K
Net assets
$1.5M
FY2026▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2021$966K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.3M
FY2026$1.5M

From the FY2026 Form 990 (year ending April 2026) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jan 2003.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $267K Management & general 14% · $43K

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

5 people listed on the 990; $2K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
President
$590Pt VII · Sec A
Director
$590Pt VII · Sec A
Director
$590Pt VII · Sec A
Vice Preside
$590Pt VII · Sec A
$0Pt VII · Sec A

Harold Dubose’s $590 as President is at the 4th 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

NameFY2026FY2025FY2024FY2023FY2022FY2021
Harold Dubose$590$590$590$590$590$590
Steven Kay$590$590$190———
Robert Reece$590$590$490———
Chuck Sanders$590$590$590$590$100—
Ondray Harris SR—$590$590$590$590$590
Gloria Brown———$590$590$590
Dwight Callens———$590$590$590
Harold Dunn————$540$590

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.

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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

Supplies clean water to rural residents in Toomsuba, Mississippi.

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Provided by the organization

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3 programs · $166K · in their own filed words · FY2025
01

Salaries and Wages Expense

All employees of the utilities work for the betterment of the utilities to keep the wells running and serving all customers.

$70Kprogram expense
02

Depreciation Expense

Depreciation is claimed on the water distribution system and all equipment required to maintain and service the well, distribution system, and treatment facility. Depreciation is claimed utilizing the straight line method of depreciation.

$58Kprogram expense
03

Utilities

Russell utilities, inc. Maintains several plants for operation that requires large consumption of electricity and water.

$37Kprogram expense

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$493K
Ln 12
Fees for servicesLn 2g$463K
Investment incomeLn 3$30K
Money outPt IX
$310K
Ln 25
Programscol B$267K
Managementcol C$43K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$674K
Total assetsLn 16$1.5M
LiabilitiesLn 26$66K
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$463K
Investment incomeLn 3$30K
Total revenueLn 12$493K
Assets in detailPt X, end of year
CashLn 1$226K
SavingsLn 2$448K
Cash and savings togetherLn 1–2$674K
Land, buildings, equipmentLn 10c$444K
Other assetsLn 15$364K
Total assetsLn 16$1.5M
LiabilitiesLn 26$66K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 56
VolunteersI 60
Fiscal year endsHeaderApril
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 FY26End FY26
Cash and savingsLn 1–2$597K$674K
Land, buildings, equipmentLn 10c$499K$444K
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$72K$66K
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$93K$70K$22K
Payroll taxesLn 10$8K$6K$2K
Management feesLn 11a$3K$3K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$17K$13K$4K
OccupancyLn 16$37K$37K
InterestLn 20$926$926
Depreciation, depletion and amortizationLn 22$58K$58K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$50K$50K
All other expensesLn 24e$9K$6K$3K
Total functional expensesLn 25$310K$267K$43K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $493K$310K$183K$1.5M 990 PDF
FY2025 $449K$352K$97K$1.3M 990 PDF
FY2024 $412K$325K$87K$1.2M 990 PDF
FY2023 $370K$307K$64K$1.1M 990 PDF
FY2022 $333K$258K$75K$1.0M 990 PDF
FY2021 $333K$293K$40K$966K 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 FY2026 990 (6 parts)
Part I · Summary $492,986 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $424,722$462,813
I-10 Investment incomePrior year $24,531$30,173
I-11 Other revenue$0
I-12 Total revenuePrior year $449,253$492,986
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $132,122$100,469
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $219,678$209,191
I-18 Total expensesPrior year $351,800$309,660
I-19 Revenue less expensesPrior year $97,453$183,326
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-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $492,986 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $462,813$462,813
VIII-3 Investment incomeRelated to mission $30,173$30,173
VIII-12 Total revenueRelated to mission $492,986$492,986
Part IX · Statement of functional expenses $309,660 across 12 lines filed
IX-7 Other salaries and wagesPrograms $70,482 · Management $22,257$92,739
IX-10 Payroll taxesPrograms $5,875 · Management $1,855$7,730
IX-11a Management feesManagement $2,610$2,610
IX-11c Accounting feesManagement $9,256$9,256
IX-11g Other fees for servicesPrograms $2,622$2,622
IX-13 Office expensesPrograms $12,597 · Management $3,978$16,575
IX-16 OccupancyPrograms $36,949$36,949
IX-20 InterestPrograms $926$926
IX-22 Depreciation, depletion and amortizationPrograms $58,258$58,258
IX-23 InsurancePrograms $22,982$22,982
IX-24 Other expenses (24a–d)Programs $50,448$50,448
IX-24e All other expensesPrograms $5,518 · Management $3,047$8,565
IX-25 Total functional expensesPrograms $266,657 · Management $43,003 · Fundraising $0$309,660
Part X · Balance sheet $1,546,032 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $130,534$226,203
X-2 Savings and temporary cash investmentsStart of year $466,736$448,063
X-4 Accounts receivableStart of year $35,605$49,157
X-8 Inventories for sale or useStart of year $2,500$2,500
X-9 Prepaid expenses and deferred chargesStart of year $10,815$11,946
X-10c Land, buildings and equipment, netStart of year $498,659$444,401
X-15 Other assetsStart of year $214,916$363,762
X-16 Total assetsStart of year $1,359,765$1,546,032
X-17 Accounts payable and accrued expensesStart of year $10,238$7,670
X-24 Unsecured notes and loans payableStart of year $21,653$16,600
X-25 Other liabilitiesStart of year $39,794$41,474
X-26 Total liabilitiesStart of year $71,685$65,744
X-27 Net assets without donor restrictionsStart of year $1,288,080$1,480,288
X-32 Total net assets or fund balancesStart of year $1,288,080$1,480,288
X-33 Total liabilities and net assetsStart of year $1,359,765$1,546,032
Part XI · Reconciliation of net assets $1,480,288 net assets at year end
XI-1 Total revenue$492,986
XI-2 Total expenses$309,660
XI-3 Revenue less expenses$183,326
XI-4 Net assets at start of year$1,288,080
XI-8 Prior period adjustments$8,882
XI-10 Net assets at end of year$1,480,288

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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