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Rambin-Wallace Water System INC FY2024 filing

Pelican, LAUnknown exempt organization EIN 72-0745259Revenue $260K in FY2024

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

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · 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
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$709K
93% of total assets
Concern: liabilities are 93% 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
$260K
+15% vs prior year
Spent
$350K
To programs
95%
Net assets
$51K
By yearFY2021–FY2025
Revenue
$260K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2021$230K
FY2022$215K
FY2023$226K
FY2024$260K
FY2025$349K
Expenses
$350K
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$252K
FY2022$354K
FY2023$269K
FY2024$350K
FY2025$343K
Net assets
$51K
FY2024▼ -64%
Tap a bar for its year
Net assets by fiscal year
FY2021$324K
FY2022$185K
FY2023$142K
FY2024$51K
FY2025$70K

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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

95 cents of each dollar spent went to programs.

Program services 95% · $332K Management & general 5% · $18K

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 (FY2023); the FY2024 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 · FY2023
01

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

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$260K
Ln 12
Fees for servicesLn 2g$260K
Gifts and grantsLn 1h$200
Investment incomeLn 3$65
Money outPt IX
$350K
Ln 25
Programscol B$332K
Managementcol C$18K
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$63K
Total assetsLn 16$761K
LiabilitiesLn 26$709K
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$200
Fees for servicesLn 2g$260K
Investment incomeLn 3$65
Total revenueLn 12$260K
Assets in detailPt X, end of year
CashLn 1$63K
Cash and savings togetherLn 1–2$63K
Land, buildings, equipmentLn 10c$653K
Total assetsLn 16$761K
LiabilitiesLn 26$709K
Net assetsLn 32$51K
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 FY24End FY24
Cash and savingsLn 1–2$136K$63K
Land, buildings, equipmentLn 10c$639K$653K
Total assetsLn 16$891K$761K
LiabilitiesLn 26$749K$709K
Net assetsLn 32$142K$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$33K$33K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$23K$23K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$8K$8K
OccupancyLn 16$15K$15K
TravelLn 17$18K$18K
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$49K$49K
InsuranceLn 23$7K$7K$300
Other expenses (24a–d)Ln 24$152K$152K
All other expensesLn 24e$21K$19K$3K
Total functional expensesLn 25$350K$332K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $349K$343K$6K$70K 990 PDF
FY2024 Viewing $260K$350K−$91K$51K 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $259,822 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $300$200
I-9 Program service revenuePrior year $225,815$259,557
I-10 Investment incomePrior year $74$65
I-11 Other revenue$0
I-12 Total revenuePrior year $226,189$259,822
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $31,765$35,726
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $237,077$314,698
I-18 Total expensesPrior year $268,842$350,424
I-19 Revenue less expensesPrior year −$42,653−$90,602
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 $259,822 across 5 lines filed
VIII-1b Membership dues$200
VIII-1h Total contributions, gifts and grants$200
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $259,557$259,557
VIII-3 Investment incomeRelated to mission $65$65
VIII-12 Total revenueRelated to mission $259,622$259,822
Part IX · Statement of functional expenses $350,424 across 12 lines filed
IX-7 Other salaries and wagesPrograms $33,469$33,469
IX-10 Payroll taxesPrograms $2,257$2,257
IX-11a Management feesPrograms $22,770$22,770
IX-11c Accounting feesPrograms $6,766$6,766
IX-13 Office expensesPrograms $8,404$8,404
IX-16 OccupancyPrograms $14,817$14,817
IX-17 TravelPrograms $17,914$17,914
IX-20 InterestManagement $15,404$15,404
IX-22 Depreciation, depletion and amortizationPrograms $48,583$48,583
IX-23 InsurancePrograms $6,803 · Management $300$7,103
IX-24 Other expenses (24a–d)Programs $151,717$151,717
IX-24e All other expensesPrograms $18,657 · Management $2,563$21,220
IX-25 Total functional expensesPrograms $332,157 · Management $18,267 · Fundraising $0$350,424
Part X · Balance sheet $760,565 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $136,445$63,289
X-4 Accounts receivableStart of year $16,433$21,355
X-8 Inventories for sale or useStart of year $35,787$22,620
X-10c Land, buildings and equipment, netStart of year $639,388$653,301
X-16 Total assetsStart of year $890,549$760,565
X-17 Accounts payable and accrued expensesStart of year $859$1,469
X-25 Other liabilitiesStart of year $2,294$2,057
X-26 Total liabilitiesStart of year $748,698$709,316
X-27 Net assets without donor restrictionsStart of year $141,851$51,249
X-32 Total net assets or fund balancesStart of year $141,851$51,249
X-33 Total liabilities and net assetsStart of year $890,549$760,565
Part XI · Reconciliation of net assets $51,249 net assets at year end
XI-1 Total revenue$259,822
XI-2 Total expenses$350,424
XI-3 Revenue less expenses−$90,602
XI-4 Net assets at start of year$141,851
XI-10 Net assets at end of year$51,249

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

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