philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Mt Olive Water Association

Bolton, MSMutual-benefit / member-servingMutual / membership EIN 64-0824874Revenue $165K in FY2024

On file with the IRS1020 Ruben Cir, 39041-9464 · Bolton, MSTax-exempt since Sep 2001

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Mt. Olives mission is to provide reasonably adequate water service to all member-customers at a reasonable cost with good reliability.

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

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $16K a year · 10% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 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
25 mo
of spending, in cash
Looks good: 25.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
384
of 384 voting members
Looks good: 384 of 384 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
-2% vs prior year
Spent
$226K
To programs
100%
Net assets
$473K
By yearFY2021–FY2024
Revenue
$165K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2021$164K
FY2022$157K
FY2023$168K
FY2024$165K
Expenses
$226K
FY2024▲ +23%
Tap a bar for its year
Expenses by fiscal year
FY2021$139K
FY2022$170K
FY2023$184K
FY2024$226K
Net assets
$473K
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2021$560K
FY2022$547K
FY2023$535K
FY2024$473K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2001.

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% · $226K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Rosie Wilson
Billing Clerk
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joann Gray
Secretary
$0Pt VII · Sec A
Sandra Dotson
Vice President
$0Pt VII · Sec A
See Mt Olive Water Association executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Delivers reliable, affordable water service to its members.

Questions for Mt Olive Water Association

Tap to ask. Mt Olive Water Association sees how many people are interested.

Your first name shows with your question. Mt Olive Water Association answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $226K · in their own filed words · FY2024
01

We strive to provide affordable water to our members. Each of Mt Olive Waters members consistently receive reasonably adequate service with quality water that meets or exceeds regulatory standards. Water pressures were improved due to use of added water capacity improvements.

$226Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$165K
Ln 12
Fees for servicesLn 2g$157K
Investment incomeLn 3$7K
Money outPt IX
$226K
Ln 25
Programscol B$226K
Owns and owesPt X
$473K
net assets · Ln 32
Cash and savingsLn 1–2$473K
Total assetsLn 16$473K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a384
IndependentVI 1b384
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$157K
Investment incomeLn 3$7K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$151K
SavingsLn 2$322K
Cash and savings togetherLn 1–2$473K
Total assetsLn 16$473K
LiabilitiesLn 26$0
Net assetsLn 32$473K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$535K$473K
Total assetsLn 16$535K$473K
LiabilitiesLn 26$0$0
Net assetsLn 32$535K$473K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$12K$12K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$110K$110K
Office expensesLn 13$7K$7K
InterestLn 20$6K$6K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$76K$76K
All other expensesLn 24e$8K$8K
Total functional expensesLn 25$226K$226K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $165K$226K−$61K$473K 990 PDF
FY2023 $168K$184K−$15K$535K 990 PDF
FY2022 $157K$170K−$13K$547K 990 PDF
FY2021 $164K$139K$25K$560K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $164,663 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $166,557$157,368
I-10 Investment incomePrior year $1,881$7,295
I-11 Other revenue$0
I-12 Total revenuePrior year $168,438$164,663
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,880$12,290
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $164,044$213,561
I-18 Total expensesPrior year $183,924$225,851
I-19 Revenue less expensesPrior year −$15,486−$61,188
Part VI · Governance 384 of 384 board members independent, no flags
VI-1a Voting members of the governing body384
VI-1b Independent voting members384
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $164,663 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $157,368$157,368
VIII-3 Investment incomeRelated to mission $7,295$7,295
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $164,663 · Unrelated business $0 · Excluded from tax $0$164,663
Part IX · Statement of functional expenses $225,851 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $12,290$12,290
IX-11c Accounting feesPrograms $1,160$1,160
IX-11g Other fees for servicesPrograms $110,072$110,072
IX-13 Office expensesPrograms $7,033$7,033
IX-20 InterestPrograms $6,500$6,500
IX-23 InsurancePrograms $4,680$4,680
IX-24 Other expenses (24a–d)Programs $75,672$75,672
IX-24e All other expensesPrograms $8,444$8,444
IX-25 Total functional expensesPrograms $225,851 · Management $0 · Fundraising $0$225,851
Part X · Balance sheet $473,397 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $214,675$151,234
X-2 Savings and temporary cash investmentsStart of year $319,910$322,163
X-16 Total assetsStart of year $534,585$473,397
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $534,585$473,397
X-32 Total net assets or fund balancesStart of year $534,585$473,397
X-33 Total liabilities and net assetsStart of year $534,585$473,397
Part XI · Reconciliation of net assets $473,397 net assets at year end
XI-1 Total revenue$164,663
XI-2 Total expenses$225,851
XI-3 Revenue less expenses−$61,188
XI-4 Net assets at start of year$534,585
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$473,397

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.