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Sardis Waters System INC FY2020 filing

Not tax-deductible

Harrisonburg, LAMutual-benefit / member-servingEnvironment EIN 72-0996710Revenue $283K in FY2020

On file with the IRSPo Box 624, 71340-0624 · Harrisonburg, LATax-exempt since Feb 2020

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Provide water service to members

Mission: Form 990 Part I, line 1

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FY2020 · 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
10 mo
of spending, in cash
Looks good: 10.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$411K
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$283K
Spent
$209K
To programs
0%
Net assets
$206K
By yearFY2020–FY2024
Revenue
$283K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$283K
FY2021$270K
FY2022$273K
FY2023$290K
FY2024$300K
Expenses
$209K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$209K
FY2021$216K
FY2022$203K
FY2023$207K
FY2024$248K
Net assets
$206K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$206K
FY2021$261K
FY2022$330K
FY2023$414K
FY2024$467K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

3 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
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.

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Provided by the organization

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1 program · $209K · in their own filed words · FY2020
01

Provided water service to approximately 479 members.

$209Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$283K
Ln 12
Fees for servicesLn 2g$283K
Investment incomeLn 3$376
Money outPt IX
$209K
Ln 25
Owns and owesPt X
$206K
net assets · Ln 32
Cash and savingsLn 1–2$180K
Total assetsLn 16$618K
LiabilitiesLn 26$411K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$283K
Investment incomeLn 3$376
Total revenueLn 12$283K
Assets in detailPt X, end of year
CashLn 1$99K
SavingsLn 2$82K
Cash and savings togetherLn 1–2$180K
Land, buildings, equipmentLn 10c$413K
Total assetsLn 16$618K
LiabilitiesLn 26$411K
Net assetsLn 32$206K
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 FY20End FY20
Cash and savingsLn 1–2$263K$180K
Land, buildings, equipmentLn 10c$260K$413K
Total assetsLn 16$546K$618K
LiabilitiesLn 26$414K$411K
Net assetsLn 32$132K$206K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$58K
Accounting feesLn 11c$910
Advertising and promotionLn 12$199
Office expensesLn 13$3K
InterestLn 20$15K
Depreciation, depletion and amortizationLn 22$32K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$96K
All other expensesLn 24e$800
Total functional expensesLn 25$209K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $283K$209K$74K$206K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $283,083 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $288,315$282,707
I-10 Investment incomePrior year $543$376
I-11 Other revenue$0
I-12 Total revenuePrior year $288,858$283,083
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $187,284$208,767
I-18 Total expensesPrior year $187,284$208,767
I-19 Revenue less expensesPrior year $101,574$74,316
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $283,083 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $282,707$282,707
VIII-3 Investment incomeRelated to mission $376$376
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $283,083$283,083
Part IX · Statement of functional expenses $208,767 across 9 lines filed
IX-11a Management fees$57,860
IX-11c Accounting fees$910
IX-12 Advertising and promotion$199
IX-13 Office expenses$2,903
IX-20 Interest$14,769
IX-22 Depreciation, depletion and amortization$31,842
IX-23 Insurance$3,568
IX-24 Other expenses (24a–d)$95,916
IX-24e All other expenses$800
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$208,767
Part X · Balance sheet $617,846 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $181,612$98,832
X-2 Savings and temporary cash investmentsStart of year $81,215$81,589
X-4 Accounts receivableStart of year $23,469$24,732
X-10c Land, buildings and equipment, netStart of year $259,705$412,693
X-16 Total assetsStart of year $546,001$617,846
X-17 Accounts payable and accrued expensesStart of year $11,654$20,629
X-25 Other liabilitiesStart of year $50,575$51,550
X-26 Total liabilitiesStart of year $413,958$411,487
X-27 Net assets without donor restrictionsStart of year $132,043$206,359
X-32 Total net assets or fund balancesStart of year $132,043$206,359
X-33 Total liabilities and net assetsStart of year $546,001$617,846
Part XI · Reconciliation of net assets $206,359 net assets at year end
XI-1 Total revenue$283,083
XI-2 Total expenses$208,767
XI-3 Revenue less expenses$74,316
XI-4 Net assets at start of year$132,043
XI-10 Net assets at end of year$206,359

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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