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Culbertson Water System INC

Not tax-deductible

Choudrant, LAMutual-benefit / member-servingEIN 72-0879625Revenue $713K in FY2024

On file with the IRS2794 Highway 820, 71227-3300 · Choudrant, LATax-exempt since Jun 1991

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Providing Water to System members

$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · 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
6 of 6
filings with a surplus
Average surplus $126K a year · 20% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$71K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$116K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$713K
-0.5% vs prior year
Spent
$682K
Net assets
$2.4M
By yearFY2019–FY2024
Revenue
$713K
FY2024▼ -0.5%
Tap a bar for its year
Revenue by fiscal year
FY2019$564K
FY2020$567K
FY2021$552K
FY2022$705K
FY2023$717K
FY2024$713K
Expenses
$682K
FY2024▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2019$450K
FY2020$457K
FY2021$452K
FY2022$500K
FY2023$519K
FY2024$682K
Net assets
$2.4M
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2019$1.8M
FY2020$1.9M
FY2021$2.0M
FY2022$2.2M
FY2023$2.4M
FY2024$2.4M

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 Jun 1991.

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

Who runs it and what they're paid

6 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation
Marilyn Coats
Treasurer
$70,881Pt VII · Sec A
Victor Hollis
President
$0Pt VII · Sec A
Scottie Coats
Vice President
$0Pt VII · Sec A
Lonnie Dade
Board Member
$0Pt VII · Sec A
Jerry Touchstone
Board Member
$0Pt VII · Sec A
Dan Morgan
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Marilyn Coats$70,881$67,372$63,093$60,615$60,380$57,990
Jackie Coats——$52,841$50,661$50,702$48,503
Jackie Coats 123 - 623—$27,587————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Delivers clean water to community members.

Questions for Culbertson Water System INC

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1 program · in their own filed words · FY2024
01

Distribution of water to users (1,260 meters billed in the december 2024 billing) of the system and maintenance of the system.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$713K
Ln 12
Fees for servicesLn 2g$689K
Investment incomeLn 3$19K
Other incomeLn 4–11$5K
Money outPt IX
$682K
Ln 25
Owns and owesPt X
$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$691K
Total assetsLn 16$2.6M
LiabilitiesLn 26$116K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$689K
Investment incomeLn 3$19K
Other incomeLn 4–11$5K
Total revenueLn 12$713K
Assets in detailPt X, end of year
SavingsLn 2$691K
Cash and savings togetherLn 1–2$691K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$2.6M
LiabilitiesLn 26$116K
Net assetsLn 32$2.4M
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$755K$691K
Land, buildings, equipmentLn 10c$1.7M$1.8M
Total assetsLn 16$2.5M$2.6M
LiabilitiesLn 26$105K$116K
Net assetsLn 32$2.4M$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$71K
Other salaries and wagesLn 7$31K
Payroll taxesLn 10$8K
Accounting feesLn 11c$6K
Other fees for servicesLn 11g$10K
Advertising and promotionLn 12$165
Office expensesLn 13$40K
OccupancyLn 16$2K
TravelLn 17$5K
Depreciation, depletion and amortizationLn 22$74K
InsuranceLn 23$17K
Other expenses (24a–d)Ln 24$385K
All other expensesLn 24e$33K
Total functional expensesLn 25$682K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $713K$682K$32K$2.4M 990 PDF
FY2023 $717K$519K$198K$2.4M 990 PDF
FY2022 $705K$500K$205K$2.2M 990 PDF
FY2021 $552K$452K$100K$2.0M 990 PDF
FY2020 $567K$457K$109K$1.9M 990 PDF
FY2019 $564K$450K$114K$1.8M 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 FY2024 990 (6 parts)
Part I · Summary $713,183 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $706,505$688,965
I-10 Investment incomePrior year $5,472$19,418
I-11 Other revenuePrior year $4,800$4,800
I-12 Total revenuePrior year $716,777$713,183
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $116,957$109,253
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $401,566$572,335
I-18 Total expensesPrior year $518,523$681,588
I-19 Revenue less expensesPrior year $198,254$31,595
Part VI · Governance 4 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
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 payYes
Part VIII · Statement of revenue $713,183 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $688,965$688,965
VIII-3 Investment incomeExcluded from tax $19,418$19,418
VIII-6 Net rental income or lossExcluded from tax $4,800$4,800
VIII-12 Total revenueRelated to mission $688,965 · Unrelated business $0 · Excluded from tax $24,218$713,183
Part IX · Statement of functional expenses $681,588 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$70,881
IX-7 Other salaries and wages$30,517
IX-10 Payroll taxes$7,855
IX-11c Accounting fees$5,600
IX-11g Other fees for services$10,271
IX-12 Advertising and promotion$165
IX-13 Office expenses$40,337
IX-16 Occupancy$2,336
IX-17 Travel$4,527
IX-22 Depreciation, depletion and amortization$73,742
IX-23 Insurance$17,295
IX-24 Other expenses (24a–d)$385,255
IX-24e All other expenses$32,807
IX-25 Total functional expenses$681,588
Part X · Balance sheet $2,555,634 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $755,337$690,747
X-4 Accounts receivableStart of year $41,081$29,955
X-9 Prepaid expenses and deferred chargesStart of year $5,805$6,375
X-10c Land, buildings and equipment, netStart of year $1,710,093$1,828,557
X-16 Total assetsStart of year $2,512,316$2,555,634
X-17 Accounts payable and accrued expensesStart of year $20,950$27,977
X-25 Other liabilitiesStart of year $83,575$88,271
X-26 Total liabilitiesStart of year $104,525$116,248
X-27 Net assets without donor restrictionsStart of year $1,981,791$2,013,386
X-28 Net assets with donor restrictionsStart of year $426,000$426,000
X-32 Total net assets or fund balancesStart of year $2,407,791$2,439,386
X-33 Total liabilities and net assetsStart of year $2,512,316$2,555,634
Part XI · Reconciliation of net assets $2,439,386 net assets at year end
XI-1 Total revenue$713,183
XI-2 Total expenses$681,588
XI-3 Revenue less expenses$31,595
XI-4 Net assets at start of year$2,407,791
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,439,386

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

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