Alberta Water System INC FY2022 filing

Not tax-deductible

Castor, LAMutual-benefit / member-servingSince 1972Public & Societal Benefit EIN 72-1058154Revenue $320K in FY2022

On file with the IRSalbertawatersysem.orgPo Box 145, 71016-0145 · Castor, LATax-exempt since Aug 2018

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Produce and provide potable Water to residential housing and businesses within the unincorporated areas castor, jamestown and ashland, la. Aws has several deep Water wells that distribute Water by using main Water.

$9K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $56K a year · 7% 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
$9K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
47% of total assets
Looks good: liabilities are 47% 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
$320K
-19% vs prior year
Spent
$309K
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$320K
FY2022▼ -19%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$396K
FY2022$320K
FY2023$407K
FY2024$445K
FY2025$459K
Expenses
$309K
FY2022▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$342K
FY2022$309K
FY2023$349K
FY2024$371K
FY2025$407K
Net assets
$1.5M
FY2022▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.5M
FY2023$1.5M
FY2024$1.6M
FY2025$1.7M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2018.

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

Who runs it and what they're paid

5 people listed on the 990; $9K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Treasurer
$9,000Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Scott Yarnell’s $9K as Secretary/Treasurer is at the 8th percentile of top reported officer pay among 1044 $100K–1M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Scott Yarnell$9,000$12,000$12,000

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supplies clean drinking water to homes and businesses in unincorporated Castor, Jamestown, and Ashland.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Alberta water system, inc, is like a mutual ditch or irrigation company in the we provide a benefit and service to the members of the system to which no local, state or federal governmental agency provides drinking water for residential and business customers.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$320K
Ln 12
Fees for servicesLn 2g$319K
Investment incomeLn 3$1K
Money outPt IX
$309K
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$106K
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$319K
Investment incomeLn 3$1K
Total revenueLn 12$320K
Assets in detailPt X, end of year
CashLn 1$16K
SavingsLn 2$90K
Cash and savings togetherLn 1–2$106K
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$2.7M
LiabilitiesLn 26$1.3M
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 51
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$128K$106K
Land, buildings, equipmentLn 10c$2.6M$2.6M
Total assetsLn 16$2.7M$2.7M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$9K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$20K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$3K
Management feesLn 11a$0
Legal feesLn 11b$293
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$10K
Information technologyLn 14$3K
RoyaltiesLn 15$0
OccupancyLn 16$43K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$32K
Payments to affiliatesLn 21$5K
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$176K
All other expensesLn 24e$0
Total functional expensesLn 25$309K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $459K$407K$52K$1.7M 990 PDF
FY2024 $445K$371K$74K$1.6M 990 PDF
FY2023 $407K$349K$58K$1.5M 990 PDF
FY2022 Viewing $320K$309K$12K$1.5M 990 PDF
FY2021 $396K$342K$54K$1.4M 990 PDF
FY2020 $2.9M$2.8M$86K$1.4M 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 FY2022 990 (6 parts)
Part I · Summary $320,308 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,175$0
I-9 Program service revenuePrior year $324,247$319,113
I-10 Investment incomePrior year $444$1,195
I-11 Other revenuePrior year $9,503$0
I-12 Total revenuePrior year $396,369$320,308
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $33,978$32,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $308,306$276,720
I-18 Total expensesPrior year $342,284$308,720
I-19 Revenue less expensesPrior year $54,085$11,588
Part VI · Governance 4 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $320,308 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$319,113
VIII-3 Investment income$1,195
VIII-12 Total revenue$320,308
Part IX · Statement of functional expenses $308,720 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$9,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$20,417
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$2,583
IX-11a Management fees$0
IX-11b Legal fees$293
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$9,800
IX-14 Information technology$3,079
IX-15 Royalties$0
IX-16 Occupancy$42,508
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$32,259
IX-21 Payments to affiliates$4,805
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$7,931
IX-24 Other expenses (24a–d)$176,045
IX-24e All other expenses$0
IX-25 Total functional expenses$308,720
Part X · Balance sheet $2,714,937 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $22,323$15,948
X-2 Savings and temporary cash investmentsStart of year $105,741$89,644
X-4 Accounts receivableStart of year $33,444$25,462
X-10c Land, buildings and equipment, netStart of year $2,583,883$2,583,883
X-16 Total assetsStart of year $2,745,391$2,714,937
X-17 Accounts payable and accrued expensesStart of year $54−$170
X-26 Total liabilitiesStart of year $1,296,889$1,263,830
X-27 Net assets without donor restrictionsStart of year $1,448,502$1,451,107
X-32 Total net assets or fund balancesStart of year $1,448,502$1,451,107
X-33 Total liabilities and net assetsStart of year $2,745,391$2,714,937
Part XI · Reconciliation of net assets $1,451,107 net assets at year end
XI-1 Total revenue$320,308
XI-2 Total expenses$308,720
XI-3 Revenue less expenses$11,588
XI-4 Net assets at start of year$1,448,502
XI-6 Donated services and use of facilities−$8,983
XI-10 Net assets at end of year$1,451,107

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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