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Beaver Meadow Waterworks Association

Not tax-deductible

Sandersville, MSMutual-benefit / member-servingSince 1968Public & Societal BenefitEIN 64-0683729Revenue $714K in FY2025

On file with the IRSPo Box 414, 39477-0414 · Sandersville, MSTax-exempt since Sep 2023

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To construct, maintain, and operate a private rural water system for supplying water for domestic, livestock and garden purposes to it's members.

100¢ 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
3 of 3
filings with a surplus
Average surplus $146K a year · 36% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$123K
11% of total assets
Looks good: liabilities are 11% 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
$714K
+132% vs prior year
Spent
$311K
To programs
100%
Net assets
$1.0M
By yearFY2023–FY2025
Revenue
$714K
FY2025▲ +132%
Tap a bar for its year
Revenue by fiscal year
FY2023$203K
FY2024$308K
FY2025$714K
Expenses
$311K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2023$189K
FY2024$286K
FY2025$311K
Net assets
$1.0M
FY2025▲ +64%
Tap a bar for its year
Net assets by fiscal year
FY2023$600K
FY2024$622K
FY2025$1.0M

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2023.

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% · $311K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Kent Hodge
President
$0Pt VII · Sec A
William McFetridge
Vice Preside
$0Pt VII · Sec A
Nelli Sumrall
Secretary
$0Pt VII · Sec A
See Beaver Meadow Waterworks Association 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 rural members with a maintained private water system for homes, farms, and gardens.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

To provide water to members of beaver meadow waterworks association.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$714K
Ln 12
Gifts and grantsLn 1h$427K
Fees for servicesLn 2g$275K
Investment incomeLn 3$8K
Money outPt IX
$311K
Ln 25
Programscol B$311K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$245K
Total assetsLn 16$1.1M
LiabilitiesLn 26$123K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$427K
Government grantsLn 1e$427K
Fees for servicesLn 2g$275K
Investment incomeLn 3$8K
Other incomeLn 4–11$5K
Total revenueLn 12$714K
Assets in detailPt X, end of year
CashLn 1$45K
SavingsLn 2$200K
Cash and savings togetherLn 1–2$245K
Land, buildings, equipmentLn 10c$859K
Total assetsLn 16$1.1M
LiabilitiesLn 26$123K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 58
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$292K$245K
Land, buildings, equipmentLn 10c$429K$859K
Total assetsLn 16$762K$1.1M
LiabilitiesLn 26$139K$123K
Net assetsLn 32$622K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$92K$92K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$15K$15K
TravelLn 17$4K$4K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$112K$112K
All other expensesLn 24e$20K$20K
Total functional expensesLn 25$311K$311K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $714K$311K$403K$1.0M 990 PDF
FY2024 $308K$286K$22K$622K 990 PDF
FY2023 $203K$189K$14K$600K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $714,102 revenue, 12 lines filed
I-8 Contributions and grants$427,133
I-9 Program service revenuePrior year $281,097$274,602
I-10 Investment incomePrior year $22,523$7,699
I-11 Other revenuePrior year $4,299$4,668
I-12 Total revenuePrior year $307,919$714,102
I-13 Grants and similar amounts paidPrior year $7,217$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $91,728$98,557
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $186,787$212,638
I-18 Total expensesPrior year $285,732$311,195
I-19 Revenue less expensesPrior year $22,187$402,907
Part VI · Governance 5 of 5 board members independent, 4 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-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $714,102 across 6 lines filed
VIII-1e Government grants$427,133
VIII-1h Total contributions, gifts and grants$427,133
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $274,602$274,602
VIII-3 Investment incomeRelated to mission $7,699$7,699
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,668$4,668
VIII-12 Total revenueRelated to mission $286,969$714,102
Part IX · Statement of functional expenses $311,195 across 10 lines filed
IX-7 Other salaries and wagesPrograms $92,211$92,211
IX-10 Payroll taxesPrograms $6,346$6,346
IX-11c Accounting feesPrograms $4,341$4,341
IX-13 Office expensesPrograms $15,348$15,348
IX-17 TravelPrograms $4,464$4,464
IX-20 InterestPrograms $2,389$2,389
IX-22 Depreciation, depletion and amortizationPrograms $39,294$39,294
IX-23 InsurancePrograms $14,428$14,428
IX-24 Other expenses (24a–d)Programs $112,363$112,363
IX-24e All other expensesPrograms $20,011$20,011
IX-25 Total functional expensesPrograms $311,195 · Management $0 · Fundraising $0$311,195
Part X · Balance sheet $1,141,149 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $99,394$45,052
X-2 Savings and temporary cash investmentsStart of year $192,106$199,587
X-4 Accounts receivableStart of year $32,689$37,307
X-10c Land, buildings and equipment, netStart of year $428,656$859,203
X-16 Total assetsStart of year $761,688$1,141,149
X-17 Accounts payable and accrued expensesStart of year $10,771$7,134
X-26 Total liabilitiesStart of year $139,341$122,637
X-32 Total net assets or fund balancesStart of year $622,347$1,018,512
X-33 Total liabilities and net assetsStart of year $761,688$1,141,149
Part XI · Reconciliation of net assets $1,018,512 net assets at year end
XI-1 Total revenue$714,102
XI-2 Total expenses$311,195
XI-3 Revenue less expenses$402,907
XI-4 Net assets at start of year$622,347
XI-8 Prior period adjustments−$17,502
XI-9 Other changes in net assets$10,760
XI-10 Net assets at end of year$1,018,512

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

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