Civic Intelligence

Bear Creek Water Association Inc

990 • Fiscal year 2014 • EIN 58-1965138

Nov 01, 2013 to Oct 31, 2014 • Filed on Mar 14, 2015

Organization ProfileN/A

View Organization Page

Post Office Box 10739046

(601) 856-5969

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.70x

Higher debt load relative to assets than 93% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

6.56x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Net Margin

91st percentile

17%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

6th percentile

$103,485

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Asset Growth

39th percentile

2.7%

Faster asset growth than 39% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$71,110,286

Up $1,886,861 (+2.7%) from 2013

Net Assets

Up

$21,071,782

Up $1,307,037 (+6.6%) from 2013

Liabilities

Up

$50,038,504

Up $579,824 (+1.2%) from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin91st percentile

Revenue

$7,633,625

No earlier filing loaded for comparison.

Expenses

Up

$6,326,588

Up $37,231 (+0.6%) from 2013

Net Income

$1,307,037

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth39th percentile

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

$150M$100M$50M$0Assets 2011: $60,935,504Liabilities 2011: $43,559,243Net Assets 2011: $17,376,2612011Assets 2012: $63,272,843Liabilities 2012: $44,639,138Net Assets 2012: $18,633,7052012Assets 2013: $69,223,425Liabilities 2013: $49,458,680Net Assets 2013: $19,764,7452013Assets 2014: $71,110,286Liabilities 2014: $50,038,504Net Assets 2014: $21,071,7822014Assets 2015: $76,043,513Liabilities 2015: $53,138,161Net Assets 2015: $22,905,3522015Assets 2016: $78,670,521Liabilities 2016: $53,715,500Net Assets 2016: $24,955,0212016Assets 2017: $79,968,940Liabilities 2017: $53,060,157Net Assets 2017: $26,908,7832017Assets 2018: $84,813,721Liabilities 2018: $55,865,960Net Assets 2018: $28,947,7612018Assets 2019: $85,506,389Liabilities 2019: $54,725,520Net Assets 2019: $30,780,8692019Assets 2020: $87,208,844Liabilities 2020: $54,623,848Net Assets 2020: $32,584,9962020Assets 2021: $93,591,538Liabilities 2021: $58,706,727Net Assets 2021: $34,884,8112021Assets 2022: $98,155,585Liabilities 2022: $60,209,875Net Assets 2022: $37,945,7102022Assets 2023: $103,466,634Liabilities 2023: $60,731,914Net Assets 2023: $42,734,7202023Assets 2024: $113,924,081Liabilities 2024: $66,612,271Net Assets 2024: $47,311,8102024

Highlighted filing

2014

Assets$71,110,286
Liabilities$50,038,504
Net Assets$21,071,782
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$20M$15M$10M$5.0M$0Expenses 2011: $5,735,0742011Expenses 2012: $5,777,3412012Expenses 2013: $6,289,3572013Revenue 2014: $7,633,625Expenses 2014: $6,326,588Net Income 2014: $1,307,0372014Revenue 2015: $8,607,856Expenses 2015: $6,774,286Net Income 2015: $1,833,5702015Revenue 2016: $8,952,396Expenses 2016: $6,902,727Net Income 2016: $2,049,6692016Revenue 2017: $9,193,353Expenses 2017: $7,239,591Net Income 2017: $1,953,7622017Revenue 2018: $9,494,387Expenses 2018: $7,455,409Net Income 2018: $2,038,9782018Revenue 2019: $10,363,641Expenses 2019: $8,530,533Net Income 2019: $1,833,1082019Revenue 2020: $10,627,940Expenses 2020: $8,823,813Net Income 2020: $1,804,1272020Revenue 2021: $11,130,594Expenses 2021: $8,830,779Net Income 2021: $2,299,8152021Revenue 2022: $12,566,846Expenses 2022: $9,505,947Net Income 2022: $3,060,8992022Revenue 2023: $14,889,839Expenses 2023: $10,100,829Net Income 2023: $4,789,0102023Revenue 2024: $15,523,171Expenses 2024: $10,946,081Net Income 2024: $4,577,0902024

Highlighted filing

2014

Revenue$7,633,625
Expenses$6,326,588
Net Income$1,307,037
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Nov 1, 2013 to Oct 31, 2014
Signed
Mar 14, 2015
Return Version
2013v4.0
Gross Receipts
$7,633,625
Mission and Program Overview

Mission

To provide public utility services to more than 16,500 water customers and more than 5,500 sewer customers in a 97 square mile service area in southern madison county, ms.

To provide the water and sewer system to rural madison county, ms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$60,334,063$62,491,393▲ $2,157,330
Rtn Earn Endowment Incm Other Fnds$19,764,745$21,071,782▲ $1,307,037
Cash and Non-Interest-Bearing Accounts$7,614,119$7,159,151▼ $454,968
Accounts Receivable$808,311$781,333▼ $26,978
Inventories for Sale or Use$416,158$677,645▲ $261,487
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$69,223,425$71,110,286▲ $1,886,861
Other Assets Total$50,774$764▼ $50,010
Liabilities
Deferred Revenue$35,321,479$37,182,976▲ $1,861,497
Mortgage Notes Payable Secured by Investment Property$11,186,911$10,603,920▼ $582,991
Other Liabilities$1,669,454$1,473,395▼ $196,059
Accounts Payable and Accrued Expenses$1,280,836$778,213▼ $502,623
Total Liabilities$49,458,680$50,038,504▲ $579,824
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,764,745$21,071,782▲ $1,307,037
Total Liabilities and Net Assets / Fund Balance$69,223,425$71,110,286▲ $1,886,861

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$56,215,525$18,349,996$74,565,521
Equipment$3,797,027$642,487$4,439,514
Buildings$2,368,341$618,132$2,986,473
Land$110,500-$110,500
Compensation and Service Providers
Top Officer Pay6th percentile

Employees

NameTitleBaseOtherTotal
Ha Mcmullen JrGeneral Manager/secretary$93,000$10,485$103,485
Harold G Voelkel JrPresident$3,100-$3,100
Adam Jenkins JrVice President$1,450-$1,450
Bobby BrownDirector$1,350-$1,350
Mary Constance BarfieldDirector$1,150-$1,150
Jason StabbsDirector$1,100-$1,100
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$7,306
Other Revenue
$7,626,319
Change in Net Assets
$1,307,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,633,625
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,633,625
Total Revenue per Form 990
$7,633,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,175,864
Salaries, Compensation, and Employee Benefits$1,150,724
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,161,584
Other Salaries and Wages---$936,845
Interest---$334,798
Other Expenses---$315,321
Office Expenses---$252,744
All Other Expenses---$247,833
Insurance---$232,111
Current Officers, Directors, Trustees, and Key Employees---$101,150
Payroll Taxes---$79,370
Fees for Services Accounting---$34,550
Fees for Services Legal---$34,388
Pension Plan Contributions---$33,359
Travel---$553
Total Functional Expenses$0$0$0$6,326,588

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,326,588
Total Expenses per Audited Statements$6,326,588
Total Expenses per Form 990$6,326,588
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Developer Escrow$1,321,135
Customer Meter Deposits$152,260
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Bear creek water association is a membership association.”

Form 990, Part VI, Section A, Line 7A

“Board members are elected by members of the association at the annual meeting.”

Form 990, Part VI, Section B, Line 11

“Form 990 is reviewed by the internal accounting staff and selected board members of the association. Form 990 is later presented to the full board at a scheduled meeting.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
58-1965138
Phone
6018565969

Signing Officer

Name
Harold G Voelkel Jr
Title
President
Phone
6018565969
Signed
2015-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold G Voelkel Jr
Formed
1968
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
27
Volunteers
0

Preparer

Preparer
R Buck Coats CPA
Phone
6013261000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The association is exempt from federal income tax under internal revenue code section 501(c)(12). However, federal income tax is payable on any unrelated business income the association earns. There was no unrelated business income earned during the years ended october 31, 2014 or 2013. In accordance with accounting standards codification ("asc") topic 740, income taxes, the association has determined that there are no significant uncertain tax positions as of october 31, 2014 or 2013. If interest and penalties are incurred related to uncertain tax positions, such amounts are recognized in income tax expense. All tax periods after fiscal 2010 remain open to examination by federal and state taxing jurisdictions to which the association is subject.”

Raw XML Appendix352 raw XML fields

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/EquipmentGrp/BookValueAmt03797027
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0642487
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04439514
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06326588
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0110500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0110500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt056215525
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018349996
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt074565521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0152260
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11321135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER METER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEVELOPER ESCROW
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07633625
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). HOWEVER, FEDERAL INCOME TAX IS PAYABLE ON ANY UNRELATED BUSINESS INCOME THE ASSOCIATION EARNS. THERE WAS NO UNRELATED BUSINESS INCOME EARNED DURING THE YEARS ENDED OCTOBER 31, 2014 OR 2013. IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AS OF OCTOBER 31, 2014 OR 2013. IF INTEREST AND PENALTIES ARE INCURRED RELATED TO UNCERTAIN TAX POSITIONS, SUCH AMOUNTS ARE RECOGNIZED IN INCOME TAX EXPENSE. ALL TAX PERIODS AFTER FISCAL 2010 REMAIN OPEN TO EXAMINATION BY FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE ASSOCIATION IS SUBJECT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt062491393
IRS990ScheduleD/TotalExpensesPerForm990Amt06326588
IRS990ScheduleD/TotalLiabilityAmt01473395
IRS990ScheduleD/TotalRevenuePerForm990Amt07633625
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07633625
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06326588
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BEAR CREEK WATER ASSOCIATION IS A MEMBERSHIP ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED BY MEMBERS OF THE ASSOCIATION AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE INTERNAL ACCOUNTING STAFF AND SELECTED BOARD MEMBERS OF THE ASSOCIATION. FORM 990 IS LATER PRESENTED TO THE FULL BOARD AT A SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt069223425
IRS990/TotalAssetsEOYAmt071110286
IRS990/TotalAssetsGrp/BOYAmt069223425
IRS990/TotalAssetsGrp/EOYAmt071110286
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt027
IRS990/TotalFunctionalExpensesGrp/TotalAmt06326588
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049458680
IRS990/TotalLiabilitiesEOYAmt050038504
IRS990/TotalLiabilitiesGrp/BOYAmt049458680
IRS990/TotalLiabilitiesGrp/EOYAmt050038504
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt019764745
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021071782
IRS990/TotalOtherCompensationAmt010485
IRS990/TotalReportableCompFromOrgAmt0101150
IRS990/TotalRevenueGrp/ExclusionAmt046981
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07586644
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07633625
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt069223425
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071110286
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0553
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10POST OFFICE BOX 107
IRS990/USAddress/City0CANTON
IRS990/USAddress/State0MS
IRS990/USAddress/ZIPCode039046
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0HAROLD G VOELKEL JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06018565969
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-03-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10BEAR CREEK WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BEAR
ReturnHeader/Filer/EIN0581965138
ReturnHeader/Filer/PhoneNum06018565969
ReturnHeader/Filer/USAddress/AddressLine10POST OFFICE BOX 107
ReturnHeader/Filer/USAddress/City0CANTON
ReturnHeader/Filer/USAddress/State0MS
ReturnHeader/Filer/USAddress/ZIPCode039046
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201941244
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HORNE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101020 HIGHLAND COLONY PKWY STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode039157
ReturnHeader/PreparerPersonGrp/PhoneNum06013261000
ReturnHeader/PreparerPersonGrp/PreparationDt02015-03-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R BUCK COATS CPA
ReturnHeader/ReturnTs02015-03-14T19:14:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-11-01
ReturnHeader/TaxPeriodEndDt02014-10-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$71,110,286
Liabilities
$50,038,504
Net assets
$21,071,782
Revenue
$7,633,625
Expenses
$6,326,588
Net income
$1,307,037
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$66.6$47.3$15.5$10.9$4.58
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$60.7$42.7$14.9$10.1$4.79
2022Detailed filing. Detailed filing data is available for this year.$98.2$60.2$37.9$12.6$9.51$3.06
2021Detailed filing. Detailed filing data is available for this year.$93.6$58.7$34.9$11.1$8.83$2.30
2020Detailed filing. Detailed filing data is available for this year.$87.2$54.6$32.6$10.6$8.82$1.80
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$85.5$54.7$30.8$10.4$8.53$1.83
2018Detailed filing. Detailed filing data is available for this year.$84.8$55.9$28.9$9.49$7.46$2.04
2017Detailed filing. Detailed filing data is available for this year.$80.0$53.1$26.9$9.19$7.24$1.95
2016Detailed filing. Detailed filing data is available for this year.$78.7$53.7$25.0$8.95$6.90$2.05
2015Detailed filing. Detailed filing data is available for this year.$76.0$53.1$22.9$8.61$6.77$1.83
2014Detailed filing. Detailed filing data is available for this year.$71.1$50.0$21.1$7.63$6.33$1.31
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$69.2$49.5$19.8$6.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.3$44.6$18.6$5.78
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.9$43.6$17.4$5.74