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Holum Water System INC FY2020 filing

Not tax-deductible

Grayson, LA501(c)(4)Mutual/Membership EIN 72-0997614Revenue $176K in FY2020

On file with the IRSPo Box 249, 71435-0249 · Grayson, LATax-exempt since Feb 2012

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Providing safe drinking Water to the community of Holum, louisiana

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
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
2 of 5
filings with a surplus
Average surplus $48K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$634K
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
Spent
$193K
To programs
100%
Net assets
$865K
By yearFY2020–FY2024
Revenue
$176K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$176K
FY2021$215K
FY2022$213K
FY2023$431K
FY2024$303K
Expenses
$193K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$193K
FY2021$217K
FY2022$217K
FY2023$237K
FY2024$234K
Net assets
$865K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$865K
FY2021$864K
FY2022$868K
FY2023$1.1M
FY2024$1.1M

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 2012.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $193K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Steve Joyner
Vice President
$0Pt VII · Sec A
Carrie Grant
Board Member
$0Pt VII · Sec A
James Talbert
Board Member
$0Pt VII · Sec A
Mark Braddock
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Braddock
Secretary
$0Pt VII · Sec A
See Holum 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

Delivers safe drinking water to the Holum, Louisiana community.

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Provided by the organization

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1 program · $193K · in their own filed words · FY2020
01

Providing safe drinking water to holum community

$193Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$176K
Ln 12
Fees for servicesLn 2g$176K
Money outPt IX
$193K
Ln 25
Programscol B$193K
Owns and owesPt X
$865K
net assets · Ln 32
Cash and savingsLn 1–2$297K
Total assetsLn 16$1.5M
LiabilitiesLn 26$634K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$176K
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$176K
SavingsLn 2$120K
Cash and savings togetherLn 1–2$297K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.5M
LiabilitiesLn 26$634K
Net assetsLn 32$865K
OperationsPt I, VI
EmployeesI 56
VolunteersI 65
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$252K$297K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$569K$634K
Net assetsLn 32$883K$865K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$28K$28K$0$0
Management feesLn 11a$40K$40K$0$0
Legal feesLn 11b$24K$24K$0$0
Office expensesLn 13$9K$9K$0$0
TravelLn 17$1K$1K$0$0
InterestLn 20$21K$21K$0$0
Depreciation, depletion and amortizationLn 22$34K$34K$0$0
InsuranceLn 23$6K$6K$0$0
Other expenses (24a–d)Ln 24$17K$17K$0$0
All other expensesLn 24e$13K$13K$0$0
Total functional expensesLn 25$193K$193K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $303K$234K$69K$1.1M 990 PDF
FY2023 $431K$237K$194K$1.1M 990 PDF
FY2022 $213K$217K−$4K$868K 990 PDF
FY2021 $215K$217K−$2K$864K 990 PDF
FY2020 Viewing $176K$193K−$17K$865K 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 $175,685 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $157,868$175,685
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $157,868$175,685
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $58,684$27,759
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $124,758$165,299
I-18 Total expensesPrior year $183,442$193,058
I-19 Revenue less expensesPrior year −$25,574−$17,373
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $175,685 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$175,685
VIII-12 Total revenueRelated to mission $175,685 · Unrelated business $0 · Excluded from tax $0$175,685
Part IX · Statement of functional expenses $193,058 across 10 lines filed
IX-7 Other salaries and wagesPrograms $27,759 · Management $0 · Fundraising $0$27,759
IX-11a Management feesPrograms $39,598 · Management $0 · Fundraising $0$39,598
IX-11b Legal feesPrograms $24,004 · Management $0 · Fundraising $0$24,004
IX-13 Office expensesPrograms $8,769 · Management $0 · Fundraising $0$8,769
IX-17 TravelPrograms $1,200 · Management $0 · Fundraising $0$1,200
IX-20 InterestPrograms $21,309 · Management $0 · Fundraising $0$21,309
IX-22 Depreciation, depletion and amortizationPrograms $33,757 · Management $0 · Fundraising $0$33,757
IX-23 InsurancePrograms $6,336 · Management $0 · Fundraising $0$6,336
IX-24 Other expenses (24a–d)Programs $17,437 · Management $0 · Fundraising $0$17,437
IX-24e All other expensesPrograms $12,889 · Management $0 · Fundraising $0$12,889
IX-25 Total functional expensesPrograms $193,058 · Management $0 · Fundraising $0$193,058
Part X · Balance sheet $1,499,333 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $159,014$176,348
X-2 Savings and temporary cash investmentsStart of year $93,400$120,439
X-4 Accounts receivableStart of year $19,738$19,031
X-10c Land, buildings and equipment, netStart of year $1,178,943$1,183,515
X-16 Total assetsStart of year $1,451,095$1,499,333
X-17 Accounts payable and accrued expensesStart of year $32,230$32,443
X-26 Total liabilitiesStart of year $568,579$634,190
X-27 Net assets without donor restrictionsStart of year $882,516$865,143
X-32 Total net assets or fund balancesStart of year $882,516$865,143
X-33 Total liabilities and net assetsStart of year $1,451,095$1,499,333
Part XI · Reconciliation of net assets $865,143 net assets at year end
XI-1 Total revenue$175,685
XI-2 Total expenses$193,058
XI-3 Revenue less expenses−$17,373
XI-4 Net assets at start of year$882,516
XI-10 Net assets at end of year$865,143

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

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