Ingomar Water Association INC

Not tax-deductible

New Albany, MSMutual-benefit / member-servingSince 1972Food & Agriculture EIN 64-0686776Revenue $707K in FY2026

On file with the IRS1409 County Road 101, 38652-9735 · New Albany, MSTax-exempt since Jan 2004

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Provide water to rural customers

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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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 $357K a year · 52% 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
50 mo
of spending, in cash
Looks good: 50.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
22% of total assets
Looks good: liabilities are 22% 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
$707K
-57% vs prior year
Spent
$408K
To programs
91%
Net assets
$4.0M
By yearFY2021–FY2026
Revenue
$707K
FY2026▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2021$344K
FY2022$344K
FY2023$380K
FY2024$703K
FY2025$1.6M
FY2026$707K
Expenses
$408K
FY2026▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2021$265K
FY2022$277K
FY2023$307K
FY2024$317K
FY2025$396K
FY2026$408K
Net assets
$4.0M
FY2026▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.9M
FY2022$2.0M
FY2023$2.0M
FY2024$2.4M
FY2025$3.7M
FY2026$4.0M

From the FY2026 Form 990 (year ending March 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 Jan 2004.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $371K Management & general 9% · $37K

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
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Sec/Treas
$0Pt VII · Sec A
See Ingomar 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

Brings clean water to people in rural areas.

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1 program · $371K · in their own filed words · FY2025
01

Provided water to 1,083 rural customers

$371Kprogram expense

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$707K
Ln 12
Fees for servicesLn 2g$501K
Gifts and grantsLn 1h$148K
Investment incomeLn 3$58K
Money outPt IX
$408K
Ln 25
Programscol B$371K
Managementcol C$37K
Owns and owesPt X
$4.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$5.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Government grantsLn 1e$148K
Fees for servicesLn 2g$501K
Investment incomeLn 3$58K
Gains on assetsLn 7$0
Total revenueLn 12$707K
Assets in detailPt X, end of year
CashLn 1$309K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$0
Total assetsLn 16$5.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$4.0M
OperationsPt I, VI
EmployeesI 54
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
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$1.5M$1.7M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.2M$3.3M
Total assetsLn 16$4.8M$5.1M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$3.7M$4.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$100K$75K$25K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$8K$6K$2K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$14K$9K$5K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$0
OccupancyLn 16$36K$36K
TravelLn 17$11K$11K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$19K$19K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$128K$128K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$73K$73K
All other expensesLn 24e$9K$7K$2K
Total functional expensesLn 25$408K$371K$37K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $707K$408K$299K$4.0M 990 PDF
FY2025 $1.6M$396K$1.2M$3.7M 990 PDF
FY2024 $703K$317K$386K$2.4M 990 PDF
FY2023 $380K$307K$73K$2.0M 990 PDF
FY2022 $344K$277K$67K$2.0M 990 PDF
FY2021 $344K$265K$79K$1.9M 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 $707,301 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,133,503$148,333
I-9 Program service revenuePrior year $431,844$501,066
I-10 Investment incomePrior year $68,050$57,902
I-11 Other revenue$0
I-12 Total revenuePrior year $1,633,397$707,301
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $118,573$108,115
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $277,511$300,265
I-18 Total expensesPrior year $396,084$408,380
I-19 Revenue less expensesPrior year $1,237,313$298,921
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-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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $707,301 across 9 lines filed
VIII-1e Government grants$148,333
VIII-1h Total contributions, gifts and grants$148,333
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $501,066$501,066
VIII-3 Investment incomeRelated to mission $57,902$57,902
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $558,968$707,301
Part IX · Statement of functional expenses $408,380 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $74,621 · Management $25,418$100,039
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $6,024 · Management $2,052$8,076
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $8,660 · Management $5,410$14,070
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $1,585$1,585
IX-13 Office expensesManagement $2,047$2,047
IX-14 Information technologyPrograms $2,728$2,728
IX-15 Royalties$0
IX-16 OccupancyPrograms $36,110$36,110
IX-17 TravelPrograms $10,840$10,840
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $18,917$18,917
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $127,794$127,794
IX-23 InsurancePrograms $4,080$4,080
IX-24 Other expenses (24a–d)Programs $72,978$72,978
IX-24e All other expensesPrograms $6,812 · Management $2,304$9,116
IX-25 Total functional expensesPrograms $371,149 · Management $37,231 · Fundraising $0$408,380
Part X · Balance sheet $5,060,961 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $168,788$309,004
X-2 Savings and temporary cash investmentsStart of year $1,349,338$1,407,117
X-3 Pledges and grants receivableStart of year $43,481$0
X-4 Accounts receivable$2,447
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $3,218,007$3,342,393
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $45,770$0
X-16 Total assetsStart of year $4,825,384$5,060,961
X-17 Accounts payable and accrued expensesStart of year $3,636$4,789
X-25 Other liabilitiesStart of year $148,265$105,184
X-26 Total liabilitiesStart of year $1,171,721$1,108,377
X-32 Total net assets or fund balancesStart of year $3,653,663$3,952,584
X-33 Total liabilities and net assetsStart of year $4,825,384$5,060,961
Part XI · Reconciliation of net assets $3,952,584 net assets at year end
XI-1 Total revenue$707,301
XI-2 Total expenses$408,380
XI-3 Revenue less expenses$298,921
XI-4 Net assets at start of year$3,653,663
XI-10 Net assets at end of year$3,952,584

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

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