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Sardis Waters System INC

Not tax-deductible

Harrisonburg, LAMutual-benefit / member-servingEnvironmentEIN 72-0996710

Provide water service to members

Mission: Form 990 Part I, line 1

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
5 of 5
filings with a surplus
Average surplus $67K a year · 24% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$359K
44% of total assets
Looks good: liabilities are 44% 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
$300K
+3% vs prior year
Spent
$248K
To programs
0%
Net assets
$467K
By yearFY2020–FY2024
Revenue
$300K
FY2024▲ +3%
Revenue by fiscal year
FY2020$283K
FY2021$270K
FY2022$273K
FY2023$290K
FY2024$300K
Expenses
$248K
FY2024▲ +20%
Expenses by fiscal year
FY2020$209K
FY2021$216K
FY2022$203K
FY2023$207K
FY2024$248K
Net assets
$467K
FY2024▲ +13%
Net assets by fiscal year
FY2020$206K
FY2021$261K
FY2022$330K
FY2023$414K
FY2024$467K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2020.

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Rickie Silmon
President
$0Pt VII · Sec A
Kathy Harrison
Vicepresident
$0Pt VII · Sec A
Sharron Reed
Secretary
$0Pt VII · Sec A
Jimmy Grier
Director
$0Pt VII · Sec A
See Sardis Waters 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

Delivers clean water services to its members.

Provided by the organization

This section is blank until Sardis Waters System INC claims this page.

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1 program service account for $234K of program spending, described in the organization's own filed words · FY2024.
01

Provided water service to approximately 475 members.

$234Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$300K
Ln 12
Fees for servicesLn 2g$298K
Investment incomeLn 3$3K
Money outPt IX
$248K
Ln 25
Owns and owesPt X
$467K
net assets · Ln 32
Cash and savingsLn 1–2$254K
Total assetsLn 16$826K
LiabilitiesLn 26$359K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$298K
Investment incomeLn 3$3K
Total revenueLn 12$300K
Assets in detailPt X, end of year
CashLn 1$166K
SavingsLn 2$88K
Cash and savings togetherLn 1–2$254K
Land, buildings, equipmentLn 10c$548K
Total assetsLn 16$826K
LiabilitiesLn 26$359K
Net assetsLn 32$467K
OperationsPt I, VI
EmployeesI 50
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$255K$254K
Land, buildings, equipmentLn 10c$509K$548K
Total assetsLn 16$784K$826K
LiabilitiesLn 26$370K$359K
Net assetsLn 32$414K$467K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$68K
Accounting feesLn 11c$1K
Other fees for servicesLn 11g$4K
Advertising and promotionLn 12$532
Office expensesLn 13$3K
InterestLn 20$14K
Depreciation, depletion and amortizationLn 22$29K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$114K
All other expensesLn 24e$9K
Total functional expensesLn 25$248K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $300K$248K$52K$467K 990 PDF
FY2023 $290K$207K$84K$414K 990 PDF
FY2022 $273K$203K$70K$330K 990 PDF
FY2021 $270K$216K$54K$261K 990 PDF
FY2020 $283K$209K$74K$206K 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 (4 parts)
Part VIII · Statement of revenue $300,358 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $297,667$297,667
VIII-3 Investment incomeRelated to mission $2,691$2,691
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $300,358 · Unrelated business $0 · Excluded from tax $0$300,358
Part IX · Statement of functional expenses $247,991 across 10 lines filed
IX-11a Management fees$68,376
IX-11c Accounting fees$1,135
IX-11g Other fees for services$3,600
IX-12 Advertising and promotion$532
IX-13 Office expenses$3,427
IX-20 Interest$13,664
IX-22 Depreciation, depletion and amortization$29,228
IX-23 Insurance$5,360
IX-24 Other expenses (24a–d)$113,663
IX-24e All other expenses$9,006
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$247,991
Part X · Balance sheet $826,017 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $172,068$166,049
X-2 Savings and temporary cash investmentsStart of year $82,456$88,445
X-4 Accounts receivableStart of year $20,877$23,635
X-10c Land, buildings and equipment, netStart of year $508,615$547,888
X-16 Total assetsStart of year $784,016$826,017
X-17 Accounts payable and accrued expensesStart of year $15,508$18,233
X-25 Other liabilitiesStart of year $51,665$52,190
X-26 Total liabilitiesStart of year $369,698$359,332
X-27 Net assets without donor restrictionsStart of year $414,318$466,685
X-32 Total net assets or fund balancesStart of year $414,318$466,685
X-33 Total liabilities and net assetsStart of year $784,016$826,017
Part XI · Reconciliation of net assets $466,685 net assets at year end
XI-1 Total revenue$300,358
XI-2 Total expenses$247,991
XI-3 Revenue less expenses$52,367
XI-4 Net assets at start of year$414,318
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$466,685

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

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