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Sardis Waters System INC FY2023 filing

Not tax-deductible

Harrisonburg, LAMutual-benefit / member-servingEnvironment EIN 72-0996710Revenue $290K in FY2023Latest return filed Aug 20, 2025

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

Before you give

FY2023 · 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
15 mo
of spending, in cash
Looks good: 14.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$370K
47% of total assets
Looks good: liabilities are 47% 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
$290K
+6% vs prior year
Spent
$207K
To programs
0%
Net assets
$414K
By yearFY2020–FY2024
Revenue
$290K
FY2023▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$283K
FY2021$270K
FY2022$273K
FY2023$290K
FY2024$300K
Expenses
$207K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$209K
FY2021$216K
FY2022$203K
FY2023$207K
FY2024$248K
Net assets
$414K
FY2023▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$206K
FY2021$261K
FY2022$330K
FY2023$414K
FY2024$467K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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

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 →

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.

Questions for Sardis Waters System INC

Tap to ask. Sardis Waters System INC sees how many people are interested.

Your first name shows with your question. Sardis Waters System INC answers here, for everyone.

1 program · $193K · in their own filed words · FY2023
01

Provided water service to approximately 470 members.

$193Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$290K
Ln 12
Fees for servicesLn 2g$290K
Investment incomeLn 3$427
Money outPt IX
$207K
Ln 25
Owns and owesPt X
$414K
net assets · Ln 32
Cash and savingsLn 1–2$255K
Total assetsLn 16$784K
LiabilitiesLn 26$370K
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$290K
Investment incomeLn 3$427
Total revenueLn 12$290K
Assets in detailPt X, end of year
CashLn 1$172K
SavingsLn 2$82K
Cash and savings togetherLn 1–2$255K
Accounts receivableLn 4$21K
Land, buildings, equipmentLn 10c$509K
Total assetsLn 16$784K
LiabilitiesLn 26$370K
Net assetsLn 32$414K
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 FY23End FY23
Cash and savingsLn 1–2$164K$255K
Land, buildings, equipmentLn 10c$527K$509K
Total assetsLn 16$713K$784K
LiabilitiesLn 26$382K$370K
Net assetsLn 32$330K$414K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$58K
Legal feesLn 11b$1K
Accounting feesLn 11c$905
Advertising and promotionLn 12$30
Office expensesLn 13$3K
InterestLn 20$14K
Depreciation, depletion and amortizationLn 22$34K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$90K
All other expensesLn 24e$979
Total functional expensesLn 25$207K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Aug 20, 2025 $300K$248K$52K$467K 990 PDF
FY2023 ViewingFiled with the IRS Sep 5, 2024 $290K$207K$84K$414K 990 PDF
FY2022Filed with the IRS Aug 26, 2023 $273K$203K$70K$330K 990 PDF
FY2021Filed with the IRS Sep 26, 2022 $270K$216K$54K$261K 990 PDF
FY2020Filed with the IRS Jun 16, 2021 $283K$209K$74K$206K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $290,479 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $273,131$290,052
I-10 Investment incomePrior year $231$427
I-11 Other revenue$0
I-12 Total revenuePrior year $273,362$290,479
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 $203,433$206,646
I-18 Total expensesPrior year $203,433$206,646
I-19 Revenue less expensesPrior year $69,929$83,833
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $290,479 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $290,052$290,052
VIII-3 Investment incomeRelated to mission $427$427
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $290,479$290,479
Part IX · Statement of functional expenses $206,646 across 10 lines filed
IX-11a Management fees$57,740
IX-11b Legal fees$1,467
IX-11c Accounting fees$905
IX-12 Advertising and promotion$30
IX-13 Office expenses$2,904
IX-20 Interest$13,864
IX-22 Depreciation, depletion and amortization$33,742
IX-23 Insurance$4,782
IX-24 Other expenses (24a–d)$90,233
IX-24e All other expenses$979
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$206,646
Part X · Balance sheet $784,016 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $81,985$172,068
X-2 Savings and temporary cash investmentsStart of year $82,028$82,456
X-4 Accounts receivableStart of year $21,608$20,877
X-10c Land, buildings and equipment, netStart of year $527,358$508,615
X-16 Total assetsStart of year $712,979$784,016
X-17 Accounts payable and accrued expensesStart of year $15,536$15,508
X-23 Secured mortgages and notes payableStart of year $315,043$302,525
X-25 Other liabilitiesStart of year $51,915$51,665
X-26 Total liabilitiesStart of year $382,494$369,698
X-27 Net assets without donor restrictionsStart of year $330,485$414,318
X-32 Total net assets or fund balancesStart of year $330,485$414,318
X-33 Total liabilities and net assetsStart of year $712,979$784,016
Part XI · Reconciliation of net assets $414,318 net assets at year end
XI-1 Total revenue$290,479
XI-2 Total expenses$206,646
XI-3 Revenue less expenses$83,833
XI-4 Net assets at start of year$330,485
XI-10 Net assets at end of year$414,318

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

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