Civic Intelligence

Mcnair Stampley Waterworks Association

990 • Fiscal year 2020 • EIN 23-7103196

Jul 01, 2019 to Jun 30, 2020 • Filed on May 04, 2021

Organization ProfileN/A
PO Box 6Fayette, MS 39069

(601) 786-6265

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.35x

Higher debt load relative to assets than 61% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

74th percentile

2.35x

Higher debt load relative to revenue than 74% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Net Margin

10th percentile

-20%

Higher net margin than 10% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Asset Growth

12th percentile

-4.1%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-2.2%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$4,521,589

Down $194,317 (-4.1%) from 2019

Net Assets

Down

$2,933,723

Down $132,985 (-4.3%) from 2019

Liabilities

Down

$1,587,866

Down $61,332 (-3.7%) from 2019

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin10th percentile

Revenue

Down

$676,916

Down $14,924 (-2.2%) from 2019

Expenses

Down

$809,901

Down $131,017 (-14%) from 2019

Net Income

Up

-$132,985

Up $116,093 (+47%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $2,987,145Liabilities 2011: $1,037,223Net Assets 2011: $1,949,9222011Assets 2012: $2,958,590Liabilities 2012: $923,185Net Assets 2012: $2,035,4052012Assets 2013: $2,793,026Liabilities 2013: $876,100Net Assets 2013: $1,916,9262013Assets 2014: $4,401,786Liabilities 2014: $1,618,501Net Assets 2014: $2,783,2852014Assets 2016: $5,230,688Liabilities 2016: $1,567,256Net Assets 2016: $3,663,4322016Assets 2018: $4,903,220Liabilities 2018: $1,587,434Net Assets 2018: $3,315,7862018Assets 2019: $4,715,906Liabilities 2019: $1,649,198Net Assets 2019: $3,066,7082019Assets 2020: $4,521,589Liabilities 2020: $1,587,866Net Assets 2020: $2,933,7232020Assets 2021: $4,329,957Liabilities 2021: $1,574,073Net Assets 2021: $2,755,8842021Assets 2022: $4,110,640Liabilities 2022: $1,515,192Net Assets 2022: $2,595,4482022Assets 2023: $3,903,307Liabilities 2023: $1,473,894Net Assets 2023: $2,429,4132023

Highlighted filing

2020

Assets$4,521,589
Liabilities$1,587,866
Net Assets$2,933,723
Open 2020 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $492,2862011Expenses 2012: $523,2942012Expenses 2013: $702,5062013Revenue 2014: $1,607,390Expenses 2014: $741,031Net Income 2014: $866,3592014Revenue 2016: $667,688Expenses 2016: $810,525Net Income 2016: -$142,8372016Revenue 2018: $675,876Expenses 2018: $821,987Net Income 2018: -$146,1112018Revenue 2019: $691,840Expenses 2019: $940,918Net Income 2019: -$249,0782019Revenue 2020: $676,916Expenses 2020: $809,901Net Income 2020: -$132,9852020Revenue 2021: $779,552Expenses 2021: $957,391Net Income 2021: -$177,8392021Revenue 2022: $763,065Expenses 2022: $923,501Net Income 2022: -$160,4362022Revenue 2023: $765,384Expenses 2023: $931,419Net Income 2023: -$166,0352023

Highlighted filing

2020

Revenue$676,916
Expenses$809,901
Net Income-$132,985
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 4, 2021
Return Version
2019v5.0
Gross Receipts
$676,916
Mission and Program Overview

Mission

The association provides clean and safe water to members in jefferson county ms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,358,107$4,147,383▼ $210,724
Savings and Temporary Cash Investments$173,470$175,109▲ $1,639
Accounts Receivable$69,595$93,071▲ $23,476
Cash and Non-Interest-Bearing Accounts$83,485$77,647▼ $5,838
Inventories for Sale or Use$22,673$22,673→ $0
Prepaid Expenses and Deferred Charges$7,495$4,625▼ $2,870
Total Assets$4,715,906$4,521,589▼ $194,317
Other Assets Total$1,081$1,081→ $0
Liabilities
Other Liabilities$1,642,701$1,580,585▼ $62,116
Accounts Payable and Accrued Expenses$6,497$7,281▲ $784
Total Liabilities$1,649,198$1,587,866▼ $61,332
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,066,708$2,933,723▼ $132,985
Total Net Assets Fund Balance$3,066,708$2,933,723▼ $132,985
Total Liabilities and Net Assets / Fund Balance$4,715,906$4,521,589▼ $194,317

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,001,397$2,397,856$6,399,253
Equipment$116,580$242,628$359,208
Buildings$5,601$59,890$65,491
Land$23,805-$23,805
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Roosevelt CruelPresident
Martha WallaceDirector
Rosie HillDirector
Ruthie StampleySec/treas
Jessie HunterVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$675,266
Investment Income
$1,650
Other Revenue
$0
Change in Net Assets
$-132,985

Audited Revenue Reconciliation

Revenue per Audited Statements
$676,916
Total Revenue per Audited Statements
$676,916
Total Revenue per Form 990
$676,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$554,185
Salaries, Compensation, and Employee Benefits$255,716
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$236,914--$236,914
Depreciation Depletion$210,724--$210,724
Interest$55,165--$55,165
Insurance$25,752--$25,752
Other Expenses$24,210--$24,210
Payroll Taxes$18,802--$18,802
Payment Travel Entrtnmnt Publicly Ofcl$17,600--$17,600
Office Expenses$12,344--$12,344
All Other Expenses$8,100--$8,100
Fees for Services Accounting$3,034--$3,034
Advertising$1,163--$1,163
Total Functional Expenses$809,901$0$0$809,901

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$809,901
Total Expenses per Audited Statements$809,901
Total Expenses per Form 990$809,901
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Debt$1,403,182
Note Payable$68,941
Current Portion of Long Term Debt$64,007
Meter Deposits$44,455
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board of directors at the monthly board meeting”

Form 990, Page 6, Part VI, Line 18

“Documents are made available to the public at the monthly board meetings”

Form 990, Page 6, Part VI, Line 19

“Documents are made available to the public at the monthly board meetings”

Filing and Contact Details

Filer

Filer Name
Mcnair Stampley Waterworks
EIN
23-7103196
Phone
6017866265
Address
PO BOX 6, FAYETTE, MS 39069

Signing Officer

Name
Roosevelt Cruel
Title
President
Phone
6017866265
Signed
2021-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roosevelt Cruel
Formed
1967
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
May & Company Llp
Address
110 MONUMENT PL, VICKSBURG, MS 39180
Preparer
Nathaniel J Cummins
Phone
6016364762
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The association has been granted tax exempt status as provided by section 501(c)(12) of the internal revenue code. The association's income tax filings are subject to audit by various taxing authorities. In evaluating the association's tax provisions and accruals, future taxable income, and the reversal of temporary differences, interpretations, and tax planning strategies are considered. The association believes their estimates are appropriate based on the current facts and circumstances.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION HAS BEEN GRANTED TAX EXEMPT STATUS AS PROVIDED BY SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. IN EVALUATING THE ASSOCIATION'S TAX PROVISIONS AND ACCRUALS, FUTURE TAXABLE INCOME, AND THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS, AND TAX PLANNING STRATEGIES ARE CONSIDERED. THE ASSOCIATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON THE CURRENT FACTS AND CIRCUMSTANCES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE MONTHLY BOARD MEETINGS
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0809901
IRS990/TotalFunctionalExpensesGrp/TotalAmt0809901
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt01587866
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IRS990/TotalProgramServiceExpensesAmt0809901
IRS990/TotalProgramServiceRevenueAmt0675266
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0676916
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0676916
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IRS990/USAddress/ZIPCd039069
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ROOSEVELT CRUEL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06017866265
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MCNAIR STAMPLEY WATERWORKS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MCNA
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ReturnHeader/Filer/PhoneNum06017866265
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 MONUMENT PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VICKSBURG
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NATHANIEL J CUMMINS
ReturnHeader/ReturnTs02021-05-17T09:53:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,521,589
Liabilities
$1,587,866
Net assets
$2,933,723
Revenue
$676,916
Expenses
$809,901
Net income
-$132,985
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.90$1.47$2.43$0.77$0.93$0.17
2022Detailed filing. Detailed filing data is available for this year.$4.11$1.52$2.60$0.76$0.92$0.16
2021Detailed filing. Detailed filing data is available for this year.$4.33$1.57$2.76$0.78$0.96$0.18
2020Detailed filing. Detailed filing data is available for this year.$4.52$1.59$2.93$0.68$0.81$0.13
2019Detailed filing. Detailed filing data is available for this year.$4.72$1.65$3.07$0.69$0.94$0.25
2018Detailed filing. Detailed filing data is available for this year.$4.90$1.59$3.32$0.68$0.82$0.15
2016Detailed filing. Detailed filing data is available for this year.$5.23$1.57$3.66$0.67$0.81$0.14
2014Detailed filing. Detailed filing data is available for this year.$4.40$1.62$2.78$1.61$0.74$0.87
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.88$1.92$0.70
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.92$2.04$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.99$1.04$1.95$0.49