Rambin-Wallace Water System INC FY2022 filing

Pelican, LAUnknown exempt organization EIN 72-0745259Revenue $215K in FY2022

On file with the IRSPo Box 137 · Pelican, LA

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To provide Water to rural community in desoto parish in northwest louisiana

93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average deficit $58K a year · 23% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$782K
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
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
$215K
-6% vs prior year
Spent
$354K
To programs
93%
Net assets
$185K
By yearFY2021–FY2025
Revenue
$215K
FY2022▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2021$230K
FY2022$215K
FY2023$226K
FY2024$260K
FY2025$349K
Expenses
$354K
FY2022▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2021$252K
FY2022$354K
FY2023$269K
FY2024$350K
FY2025$343K
Net assets
$185K
FY2022▼ -43%
Tap a bar for its year
Net assets by fiscal year
FY2021$324K
FY2022$185K
FY2023$142K
FY2024$51K
FY2025$70K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $329K Management & general 7% · $25K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary-Tr
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
See Rambin-Wallace Water System 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 drinking water to rural communities in Northwest Louisiana.

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1 program · in their own filed words · FY2021
01

Operate rural water system to provide water to approximately 273 residences and farms which would otherwise not have a relaible source of potable water

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$215K
Ln 12
Fees for servicesLn 2g$215K
Investment incomeLn 3$76
Money outPt IX
$354K
Ln 25
Programscol B$329K
Managementcol C$25K
Owns and owesPt X
$185K
net assets · Ln 32
Cash and savingsLn 1–2$168K
Total assetsLn 16$966K
LiabilitiesLn 26$782K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$215K
Investment incomeLn 3$76
Total revenueLn 12$215K
Assets in detailPt X, end of year
CashLn 1$168K
Cash and savings togetherLn 1–2$168K
Land, buildings, equipmentLn 10c$685K
Other assetsLn 15$62K
Total assetsLn 16$966K
LiabilitiesLn 26$782K
Net assetsLn 32$185K
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 FY22End FY22
Cash and savingsLn 1–2$270K$168K
Land, buildings, equipmentLn 10c$731K$685K
Total assetsLn 16$1.1M$966K
LiabilitiesLn 26$772K$782K
Net assetsLn 32$324K$185K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$9K$9K
Payroll taxesLn 10$661$661
Management feesLn 11a$21K$21K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$8K$8K
OccupancyLn 16$12K$12K
TravelLn 17$12K$12K
InterestLn 20$22K$22K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$6K$6K$150
Other expenses (24a–d)Ln 24$179K$179K
All other expensesLn 24e$32K$30K$3K
Total functional expensesLn 25$354K$329K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $349K$343K$6K$70K 990 PDF
FY2024 $260K$350K−$91K$51K 990 PDF
FY2023 $226K$269K−$43K$142K 990 PDF
FY2022 Viewing $215K$354K−$139K$185K 990 PDF
FY2021 $230K$252K−$23K$324K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $215,030 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,100$0
I-9 Program service revenuePrior year $228,561$214,954
I-10 Investment incomePrior year $98$76
I-11 Other revenue$0
I-12 Total revenuePrior year $229,759$215,030
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$9,391
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $252,475$344,766
I-18 Total expensesPrior year $252,475$354,157
I-19 Revenue less expensesPrior year −$22,716−$139,127
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 $215,030 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $214,954$214,954
VIII-3 Investment incomeRelated to mission $76$76
VIII-12 Total revenueRelated to mission $215,030$215,030
Part IX · Statement of functional expenses $354,157 across 12 lines filed
IX-7 Other salaries and wagesPrograms $8,730$8,730
IX-10 Payroll taxesPrograms $661$661
IX-11a Management feesPrograms $21,434$21,434
IX-11c Accounting feesPrograms $6,635$6,635
IX-13 Office expensesPrograms $8,065$8,065
IX-16 OccupancyPrograms $11,821$11,821
IX-17 TravelPrograms $11,573$11,573
IX-20 InterestManagement $21,863$21,863
IX-22 Depreciation, depletion and amortizationPrograms $46,044$46,044
IX-23 InsurancePrograms $6,059 · Management $150$6,209
IX-24 Other expenses (24a–d)Programs $178,780$178,780
IX-24e All other expensesPrograms $29,682 · Management $2,660$32,342
IX-25 Total functional expensesPrograms $329,484 · Management $24,673 · Fundraising $0$354,157
Part X · Balance sheet $966,069 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $269,787$167,534
X-4 Accounts receivableStart of year $14,865$15,022
X-8 Inventories for sale or useStart of year $71,320$35,787
X-10c Land, buildings and equipment, netStart of year $731,274$685,230
X-15 Other assetsStart of year $8,660$62,496
X-16 Total assetsStart of year $1,095,906$966,069
X-17 Accounts payable and accrued expensesStart of year $137$682
X-25 Other liabilitiesStart of year $1,170$1,146
X-26 Total liabilitiesStart of year $772,275$781,565
X-27 Net assets without donor restrictionsStart of year $299,706$184,504
X-32 Total net assets or fund balancesStart of year $323,631$184,504
X-33 Total liabilities and net assetsStart of year $1,095,906$966,069
Part XI · Reconciliation of net assets $184,504 net assets at year end
XI-1 Total revenue$215,030
XI-2 Total expenses$354,157
XI-3 Revenue less expenses−$139,127
XI-4 Net assets at start of year$323,631
XI-10 Net assets at end of year$184,504

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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