Compton Water Association INC FY2021 filing

Not tax-deductible

Compton, ARMutual-benefit / member-servingEIN 71-0523749Revenue $399K in FY2021

On file with the IRSPo Box 825, 72624-0825 · Compton, ARTax-exempt since Feb 1983

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Provide Water to rural members.

89¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
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
0 of 5
filings with a surplus
Average deficit $69K a year · 17% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: -0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$189K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$399K
+4% vs prior year
Spent
$430K
To programs
89%
Net assets
$527K
By yearFY2020–FY2024
Revenue
$399K
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$383K
FY2021$399K
FY2022$402K
FY2023$414K
FY2024$445K
Expenses
$430K
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$463K
FY2021$430K
FY2022$457K
FY2023$507K
FY2024$531K
Net assets
$527K
FY2021▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$558K
FY2021$527K
FY2022$472K
FY2023$379K
FY2024$360K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1983.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $381K Management & general 11% · $49K

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

7 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
Water Operator
$36,319Pt VII · Sec A
Bookkeeper
$21,600Pt VII · Sec A
Meter Reader
$5,329Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Clint Wilt$8,325$45,925$44,655$36,319$630
Jerry Reagan$29,733————
Ashley Reynolds$22,600$11,600———
April Root—$10,000$21,600$21,600$21,600
Billy Clark————$13,875
Robert Howell————$11,150
Kent Slape——$1,800$5,329$2,486
Justin Robinson————$3,600

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 15aNo

Programs and updates

Brings clean water to people in rural areas.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Provide water to rural members

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$399K
Ln 12
Fees for servicesLn 2g$399K
Money outPt IX
$430K
Ln 25
Programscol B$381K
Managementcol C$49K
Owns and owesPt X
$527K
net assets · Ln 32
Cash and savingsLn 1–2−$5K
Total assetsLn 16$716K
LiabilitiesLn 26$189K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$399K
Total revenueLn 12$399K
Assets in detailPt X, end of year
CashLn 1−$5K
Cash and savings togetherLn 1–2−$5K
Land, buildings, equipmentLn 10c$721K
Total assetsLn 16$716K
LiabilitiesLn 26$189K
Net assetsLn 32$527K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
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 FY21End FY21
Cash and savingsLn 1–2−$12K−$5K
Land, buildings, equipmentLn 10c$754K$721K
Total assetsLn 16$742K$716K
LiabilitiesLn 26$184K$189K
Net assetsLn 32$558K$527K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$36K$36K$0$0
Accounting feesLn 11c$22K$0$22K$0
Other fees for servicesLn 11g$14K$14K$0$0
Office expensesLn 13$23K$0$23K$0
InsuranceLn 23$2K$2K$0$0
Other expenses (24a–d)Ln 24$269K$269K$0$0
All other expensesLn 24e$64K$60K$4K$0
Total functional expensesLn 25$430K$381K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $445K$531K−$85K$360K 990 PDF
FY2023 $414K$507K−$93K$379K 990 PDF
FY2022 $402K$457K−$55K$472K 990 PDF
FY2021 Viewing $399K$430K−$31K$527K 990 PDF
FY2020 $383K$463K−$80K$558K 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 FY2021 990 (6 parts)
Part I · Summary $398,603 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $382,727$398,603
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $382,727$398,603
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 $462,713$429,646
I-18 Total expensesPrior year $462,713$429,646
I-19 Revenue less expensesPrior year −$79,986−$31,043
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $398,603 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$398,603
VIII-12 Total revenueRelated to mission $398,603 · Unrelated business $0 · Excluded from tax $0$398,603
Part IX · Statement of functional expenses $429,646 across 7 lines filed
IX-11a Management feesPrograms $36,318 · Management $0 · Fundraising $0$36,318
IX-11c Accounting feesPrograms $0 · Management $22,150 · Fundraising $0$22,150
IX-11g Other fees for servicesPrograms $13,879 · Management $0 · Fundraising $0$13,879
IX-13 Office expensesPrograms $0 · Management $22,933 · Fundraising $0$22,933
IX-23 InsurancePrograms $1,971 · Management $0 · Fundraising $0$1,971
IX-24 Other expenses (24a–d)Programs $268,543 · Management $0 · Fundraising $0$268,543
IX-24e All other expensesPrograms $60,269 · Management $3,583 · Fundraising $0$63,852
IX-25 Total functional expensesPrograms $380,980 · Management $48,666 · Fundraising $0$429,646
Part X · Balance sheet $715,820 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year −$11,752−$5,362
X-10c Land, buildings and equipment, netStart of year $753,969$721,182
X-16 Total assetsStart of year $742,217$715,820
X-17 Accounts payable and accrued expensesStart of year $24,577$24,804
X-19 Deferred revenueStart of year $9,294$25,778
X-26 Total liabilitiesStart of year $184,259$188,905
X-32 Total net assets or fund balancesStart of year $557,958$526,915
X-33 Total liabilities and net assetsStart of year $742,217$715,820
Part XI · Reconciliation of net assets $526,915 net assets at year end
XI-1 Total revenue$398,603
XI-2 Total expenses$429,646
XI-3 Revenue less expenses−$31,043
XI-4 Net assets at start of year$557,958
XI-10 Net assets at end of year$526,915

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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