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Oktoc Water Association INC

Not tax-deductible

Starkville, MSMutual-benefit / member-servingSince 1967Mutual/Membership EIN 64-0578428Revenue $1.7M in FY2026

On file with the IRSPo Box 304, 39760-0304 · Starkville, MSTax-exempt since Jun 2000

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To provide rural Water service

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
5 of 6
filings with a surplus
Average surplus $237K a year · 36% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 33.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1014
of 1014 voting members
Looks good: 1014 of 1014 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+136% vs prior year
Spent
$402K
To programs
98%
Net assets
$1.9M
By yearFY2021–FY2026
Revenue
$1.7M
FY2026▲ +136%
Tap a bar for its year
Revenue by fiscal year
FY2021$349K
FY2022$354K
FY2023$386K
FY2024$399K
FY2025$741K
FY2026$1.7M
Expenses
$402K
FY2026▼ -45%
Tap a bar for its year
Expenses by fiscal year
FY2021$315K
FY2022$368K
FY2023$378K
FY2024$362K
FY2025$729K
FY2026$402K
Net assets
$1.9M
FY2026▲ +243%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.5M
FY2022$1.5M
FY2023$504K
FY2024$541K
FY2025$553K
FY2026$1.9M

From the FY2026 Form 990 (year ending June 2026) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jun 2000.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $392K Management & general 2% · $10K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Herman Bush
Vice Preside
$0Pt VII · Sec A
Les Linley
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John Harper
Treasurer
$0Pt VII · Sec A
See Oktoc 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

Oktoc Water Association INC is a member-serving organization based in Starkville, MS, formed in 1967.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Oktoc water association, inc. Provides quality water to its members.

Pt IX · col B

By the numbers

The FY2026 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$520K
Investment incomeLn 3$7K
Money outPt IX
$402K
Ln 25
Programscol B$392K
Managementcol C$10K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a1,014
IndependentVI 1b1,014
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$1.2M
Fees for servicesLn 2g$520K
Investment incomeLn 3$7K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$370K
SavingsLn 2$759K
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$27
Total assetsLn 16$3.1M
LiabilitiesLn 26$1.2M
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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$864K$1.1M
Land, buildings, equipmentLn 10c$910K$1.9M
Total assetsLn 16$1.8M$3.1M
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32$553K$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$30K$30K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$76K$76K
Office expensesLn 13$7K$7K
TravelLn 17$280$280
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$70K$70K
InsuranceLn 23$22K$22K
Other expenses (24a–d)Ln 24$147K$147K
All other expensesLn 24e$14K$14K
Total functional expensesLn 25$402K$392K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $1.7M$402K$1.3M$1.9M 990 PDF
FY2025 $741K$729K$11K$553K 990 PDF
FY2024 $399K$362K$37K$541K 990 PDF
FY2023 $386K$378K$7K$504K 990 PDF
FY2022 $354K$368K−$14K$1.5M 990 PDF
FY2021 $349K$315K$35K$1.5M 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 $1,746,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $326,008$1,219,536
I-9 Program service revenuePrior year $404,863$519,652
I-10 Investment incomePrior year $9,815$7,289
I-11 Other revenue$0
I-12 Total revenuePrior year $740,686$1,746,477
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $729,251$401,812
I-18 Total expensesPrior year $729,251$401,812
I-19 Revenue less expensesPrior year $11,435$1,344,665
Part VI · Governance 1,014 of 1,014 board members independent, 4 to look at
VI-1a Voting members of the governing body1,014
VI-1b Independent voting members1,014
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 $1,746,477 across 5 lines filed
Lines not itemized here account for $1,354 of total revenue; see the IRS return.
VIII-1e Government grants$1,219,536
VIII-1h Total contributions, gifts and grants$1,219,536
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $518,298$518,298
VIII-3 Investment incomeRelated to mission $7,289$7,289
VIII-12 Total revenueRelated to mission $526,941$1,746,477
Part IX · Statement of functional expenses $401,812 across 10 lines filed
IX-11a Management feesPrograms $30,000$30,000
IX-11c Accounting feesManagement $2,640$2,640
IX-11g Other fees for servicesPrograms $76,280$76,280
IX-13 Office expensesManagement $6,628$6,628
IX-17 TravelManagement $280$280
IX-20 InterestPrograms $32,811$32,811
IX-22 Depreciation, depletion and amortizationPrograms $70,090$70,090
IX-23 InsurancePrograms $21,919$21,919
IX-24 Other expenses (24a–d)Programs $147,008$147,008
IX-24e All other expensesPrograms $14,156$14,156
IX-25 Total functional expensesPrograms $392,264 · Management $9,548 · Fundraising $0$401,812
Part X · Balance sheet $3,114,009 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $290,172$369,852
X-2 Savings and temporary cash investmentsStart of year $573,961$758,584
X-4 Accounts receivableStart of year $11,739$81,163
X-9 Prepaid expenses and deferred chargesStart of year $5,486$3,623
X-10c Land, buildings and equipment, netStart of year $910,075$1,900,760
X-15 Other assetsStart of year $27$27
X-16 Total assetsStart of year $1,791,460$3,114,009
X-17 Accounts payable and accrued expensesStart of year $19,105$27,434
X-24 Unsecured notes and loans payableStart of year $1,201,973$1,172,917
X-25 Other liabilitiesStart of year $17,834$16,445
X-26 Total liabilitiesStart of year $1,238,912$1,216,796
X-32 Total net assets or fund balancesStart of year $552,548$1,897,213
X-33 Total liabilities and net assetsStart of year $1,791,460$3,114,009
Part XI · Reconciliation of net assets $1,897,213 net assets at year end
XI-1 Total revenue$1,746,477
XI-2 Total expenses$401,812
XI-3 Revenue less expenses$1,344,665
XI-4 Net assets at start of year$552,548
XI-10 Net assets at end of year$1,897,213

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

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