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Rambin-Wallace Water System INC FY2023 filing

Pelican, LAUnknown exempt organization EIN 72-0745259Revenue $226K in FY2023

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

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

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FY2023 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$749K
84% of total assets
Concern: liabilities are 84% 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
$226K
+5% vs prior year
Spent
$269K
To programs
91%
Net assets
$142K
By yearFY2021–FY2025
Revenue
$226K
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2021$230K
FY2022$215K
FY2023$226K
FY2024$260K
FY2025$349K
Expenses
$269K
FY2023▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2021$252K
FY2022$354K
FY2023$269K
FY2024$350K
FY2025$343K
Net assets
$142K
FY2023▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2021$324K
FY2022$185K
FY2023$142K
FY2024$51K
FY2025$70K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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

91 cents of each dollar spent went to programs.

Program services 91% · $245K Management & general 9% · $23K

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 (FY2022); the FY2023 filing did not itemize Part VII
Bruce Haire
President
$0Pt VII · Sec A
Mark Haire
Board Member
$0Pt VII · Sec A
J Hugh Joyner
Secretary-Tr
$0Pt VII · Sec A
Francis P Lafitte
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 · FY2022
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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$226K
Ln 12
Fees for servicesLn 2g$226K
Gifts and grantsLn 1h$300
Investment incomeLn 3$74
Money outPt IX
$269K
Ln 25
Programscol B$245K
Managementcol C$23K
Owns and owesPt X
$142K
net assets · Ln 32
Cash and savingsLn 1–2$136K
Total assetsLn 16$891K
LiabilitiesLn 26$749K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300
Fees for servicesLn 2g$226K
Investment incomeLn 3$74
Total revenueLn 12$226K
Assets in detailPt X, end of year
CashLn 1$136K
Cash and savings togetherLn 1–2$136K
Land, buildings, equipmentLn 10c$639K
Other assetsLn 15$62K
Total assetsLn 16$891K
LiabilitiesLn 26$749K
Net assetsLn 32$142K
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 FY23End FY23
Cash and savingsLn 1–2$168K$136K
Land, buildings, equipmentLn 10c$685K$639K
Total assetsLn 16$966K$891K
LiabilitiesLn 26$782K$749K
Net assetsLn 32$185K$142K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$29K$29K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$20K$20K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$8K$8K
OccupancyLn 16$11K$11K
TravelLn 17$19K$19K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$7K$7K$150
Other expenses (24a–d)Ln 24$85K$85K
All other expensesLn 24e$16K$10K$6K
Total functional expensesLn 25$269K$245K$23K$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 Viewing $226K$269K−$43K$142K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $226,189 revenue, 12 lines filed
I-8 Contributions and grants$300
I-9 Program service revenuePrior year $214,954$225,815
I-10 Investment incomePrior year $76$74
I-11 Other revenue$0
I-12 Total revenuePrior year $215,030$226,189
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $9,391$31,765
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $344,766$237,077
I-18 Total expensesPrior year $354,157$268,842
I-19 Revenue less expensesPrior year −$139,127−$42,653
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 $226,189 across 5 lines filed
Lines not itemized here account for $100 of total revenue; see the IRS return.
VIII-1b Membership dues$300
VIII-1h Total contributions, gifts and grants$300
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $225,715$225,715
VIII-3 Investment incomeRelated to mission $74$74
VIII-12 Total revenueRelated to mission $225,889$226,189
Part IX · Statement of functional expenses $268,842 across 12 lines filed
IX-7 Other salaries and wagesPrograms $29,148$29,148
IX-10 Payroll taxesPrograms $2,617$2,617
IX-11a Management feesPrograms $19,819$19,819
IX-11c Accounting feesPrograms $8,160$8,160
IX-13 Office expensesPrograms $8,049$8,049
IX-16 OccupancyPrograms $11,249$11,249
IX-17 TravelPrograms $18,531$18,531
IX-20 InterestManagement $17,505$17,505
IX-22 Depreciation, depletion and amortizationPrograms $45,842$45,842
IX-23 InsurancePrograms $6,827 · Management $150$6,977
IX-24 Other expenses (24a–d)Programs $85,428$85,428
IX-24e All other expensesPrograms $9,787 · Management $5,730$15,517
IX-25 Total functional expensesPrograms $245,457 · Management $23,385 · Fundraising $0$268,842
Part X · Balance sheet $890,549 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $167,534$136,445
X-4 Accounts receivableStart of year $15,022$16,433
X-8 Inventories for sale or useStart of year $35,787$35,787
X-10c Land, buildings and equipment, netStart of year $685,230$639,388
X-15 Other assetsStart of year $62,496$62,496
X-16 Total assetsStart of year $966,069$890,549
X-17 Accounts payable and accrued expensesStart of year $682$859
X-25 Other liabilitiesStart of year $1,146$2,294
X-26 Total liabilitiesStart of year $781,565$748,698
X-27 Net assets without donor restrictionsStart of year $184,504$141,851
X-32 Total net assets or fund balancesStart of year $184,504$141,851
X-33 Total liabilities and net assetsStart of year $966,069$890,549
Part XI · Reconciliation of net assets $141,851 net assets at year end
XI-1 Total revenue$226,189
XI-2 Total expenses$268,842
XI-3 Revenue less expenses−$42,653
XI-4 Net assets at start of year$184,504
XI-10 Net assets at end of year$141,851

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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