Civic Intelligence

Freemanville Water System Inc

990 • Fiscal year 2018 • EIN 63-0658412

May 01, 2017 to Apr 30, 2018 • Filed on Sep 25, 2018

18 Woods RoadAtmore, AL 36502

(251) 368-2919

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.19x

Higher debt load relative to assets than 43% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

38th percentile

0.56x

Higher debt load relative to revenue than 38% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Net Margin

85th percentile

26%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$38,474

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2018

Asset Growth

95th percentile

30%

Faster asset growth than 95% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

86th percentile

21%

Faster revenue growth than 86% of similar nonprofits.

2018 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,737,496

Up $402,956 (+30%) from 2017

Net Assets

Up

$1,406,606

Up $504,144 (+56%) from 2017

Liabilities

Down

$330,890

Down $101,188 (-23%) from 2017

Revenue

Up

$590,519

Up $102,537 (+21%) from 2017

Expenses

Up

$436,475

Up $3,348 (+0.8%) from 2017

Net Income

Up

$154,044

Up $99,189 (+181%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $975,163Liabilities 2011: $258,903Net Assets 2011: $716,2602011Assets 2012: $892,652Liabilities 2012: $252,103Net Assets 2012: $640,5492012Assets 2013: $828,246Liabilities 2013: $221,489Net Assets 2013: $606,7572013Assets 2014: $843,115Liabilities 2014: $215,723Net Assets 2014: $627,3922014Assets 2015: $904,450Liabilities 2015: $212,643Net Assets 2015: $691,8072015Assets 2016: $1,289,671Liabilities 2016: $442,064Net Assets 2016: $847,6072016Assets 2017: $1,334,540Liabilities 2017: $432,078Net Assets 2017: $902,4622017Assets 2018: $1,737,496Liabilities 2018: $330,890Net Assets 2018: $1,406,6062018Assets 2019: $1,843,246Liabilities 2019: $416,346Net Assets 2019: $1,426,9002019Assets 2020: $1,870,980Liabilities 2020: $429,813Net Assets 2020: $1,441,1672020Assets 2021: $1,967,579Liabilities 2021: $432,301Net Assets 2021: $1,535,2782021Assets 2022: $1,874,773Liabilities 2022: $405,155Net Assets 2022: $1,469,6182022Assets 2023: $1,696,476Liabilities 2023: $361,512Net Assets 2023: $1,334,9642023Assets 2024: $1,609,422Liabilities 2024: $325,970Net Assets 2024: $1,283,4522024Assets 2025: $1,479,543Liabilities 2025: $283,108Net Assets 2025: $1,196,4352025

Highlighted filing

2018

Assets$1,737,496
Liabilities$330,890
Net Assets$1,406,606

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $523,2482011Revenue 2012: $514,198Expenses 2012: $584,919Net Income 2012: -$70,7212012Revenue 2013: $506,289Expenses 2013: $540,081Net Income 2013: -$33,7922013Revenue 2014: $513,255Expenses 2014: $492,620Net Income 2014: $20,6352014Revenue 2015: $506,867Expenses 2015: $442,452Net Income 2015: $64,4152015Revenue 2016: $489,332Expenses 2016: $428,539Net Income 2016: $60,7932016Revenue 2017: $487,982Expenses 2017: $433,127Net Income 2017: $54,8552017Revenue 2018: $590,519Expenses 2018: $436,475Net Income 2018: $154,0442018Revenue 2019: $448,295Expenses 2019: $413,376Net Income 2019: $34,9192019Revenue 2020: $477,072Expenses 2020: $462,805Net Income 2020: $14,2672020Revenue 2021: $508,946Expenses 2021: $414,871Net Income 2021: $94,0752021Revenue 2022: $503,456Expenses 2022: $569,116Net Income 2022: -$65,6602022Revenue 2023: $471,696Expenses 2023: $606,350Net Income 2023: -$134,6542023Revenue 2024: $557,934Expenses 2024: $609,446Net Income 2024: -$51,5122024Revenue 2025: $571,623Expenses 2025: $658,640Net Income 2025: -$87,0172025

Highlighted filing

2018

Revenue$590,519
Expenses$436,475
Net Income$154,044
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Sep 25, 2018
Return Version
2017v2.3
Gross Receipts
$590,519
Mission and Program Overview

Mission

Rural water system furnishing water for domestic, commercial, agricultural, industrial and other purposes to members of the system (which consists of approximately 1100 members).

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$688,214$1,020,873▲ $332,659
Pd in Cap Srpls Land Bldg Eqp Fund$509,987$859,987▲ $350,000
Rtn Earn Endowment Incm Other Fnds$392,475$546,619▲ $154,144
Cash and Non-Interest-Bearing Accounts$458,274$528,176▲ $69,902
Savings and Temporary Cash Investments$148,704$149,227▲ $523
Accounts Receivable$35,939$36,464▲ $525
Prepaid Expenses and Deferred Charges$3,379$2,726▼ $653
Total Assets$1,334,540$1,737,496▲ $402,956
Other Assets Total$30$30→ $0
Liabilities
Unsecured Notes Loans Payable$319,444$221,682▼ $97,762
Other Liabilities$100,075$95,968▼ $4,107
Accounts Payable and Accrued Expenses$12,559$13,240▲ $681
Total Liabilities$432,078$330,890▼ $101,188
Net Assets / Fund Balance
Total Net Assets Fund Balance$902,462$1,406,606▲ $504,144
Total Liabilities and Net Assets / Fund Balance$1,334,540$1,737,496▲ $402,956

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,506$51,316$74,822
Land$13,773-$13,773
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Roxanne ShowsTreasurer/ofFT$38,474$38,474
Brittney DaileySecretaryFT$21,840$21,840
Edward Adams SrPresident-$850$850
Wayne DrewDirector-$800$800
Joe PierceDirector-$750$750
Wilma SmithDirector-$750$750
Jethro DaileyVice Preside-$700$700
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$590,129
Investment Income
$390
Other Revenue
$0
Change in Net Assets
$154,044
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,518
Salaries, Compensation, and Employee Benefits$172,957
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$151,736--$151,736
Depreciation Depletion$59,480--$59,480
Occupancy$47,003--$47,003
Insurance$45,120--$45,120
Office Expenses$16,173--$16,173
Payroll Taxes$13,776--$13,776
Fees for Services Accounting$11,585--$11,585
Interest$7,650--$7,650
Fees for Services Legal$6,000--$6,000
Pension Plan Contributions$5,929--$5,929
Fees for Services Management$3,950--$3,950
Other Employee Benefits$1,516--$1,516
Travel$1,392--$1,392
Advertising$1,226--$1,226
Other Expenses$838--$838
Total Functional Expenses$436,475$0$0$436,475
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
William KirbyRetired EmployeContract ConsultantNo-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Water Users Deposits on Meters$61,045
Compensated Absences Payable$34,923
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The customers of the water system pay a deposit and, if necessary, installation fees in order to receive the water service. When they agree to these requirements, they become members of the system.

Form 990, Page 6, Part VI, Line 7A

The organization membership elects annually the governing body.

Form 990, Page 6, Part VI, Line 7B

The governing body is elected annually by the membership. Each member has a right to attend the monthly board meeting to express any concerns they may have. If a board member does not represent their members satisfactorily, they can be voted out.

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

Form 990 is prepared by a cpa firm and is reviewed by the governing body, but not necessarily before it is filed.

Form 990, Page 6, Part VI, Line 12C

The organization is located in a rural area where information is easily shared. Monitoring is informal but effective.

Form 990, Page 6, Part VI, Line 15A

The governing body sets the compensation of the general manager and approves the compensation of others as recommended by the general manager.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Freemanville Water System Inc
EIN
63-0658412
Phone
2513682919
Address
18 WOODS ROAD, ATMORE, AL 36502

Signing Officer

Name
Edward Adams Sr
Title
President
Phone
2513682919
Signed
2018-09-25

Organization Details

Principal Officer
Edward Adams Sr
Formed
1971
Legal Domicile
Al
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Davis Bell & Amerson LLC
Address
908 E NASHVILLE AVE, ATMORE, AL 36502-2638
Preparer
James Alan Bell
Phone
2513683173
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

The organization has one program service. It furnishes water to a rural area that includes domestic, commercial, agricultural, and industrial members.

Form 990, Part XI, Line 9

Book / tax depreciation difference 10 epa water tank renovations 0 total 10

Raw XML Appendix349 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/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037279
IRS990ScheduleD/TotalLiabilityAmt095968
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WILLIAM KIRBY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RETIRED EMPLOYE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONTRACT CONSULTANT
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ONE PROGRAM SERVICE. IT FURNISHES WATER TO A RURAL AREA THAT INCLUDES DOMESTIC, COMMERCIAL, AGRICULTURAL, AND INDUSTRIAL MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CUSTOMERS OF THE WATER SYSTEM PAY A DEPOSIT AND, IF NECESSARY, INSTALLATION FEES IN ORDER TO RECEIVE THE WATER SERVICE. WHEN THEY AGREE TO THESE REQUIREMENTS, THEY BECOME MEMBERS OF THE SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MEMBERSHIP ELECTS ANNUALLY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY IS ELECTED ANNUALLY BY THE MEMBERSHIP. EACH MEMBER HAS A RIGHT TO ATTEND THE MONTHLY BOARD MEETING TO EXPRESS ANY CONCERNS THEY MAY HAVE. IF A BOARD MEMBER DOES NOT REPRESENT THEIR MEMBERS SATISFACTORILY, THEY CAN BE VOTED OUT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS PREPARED BY A CPA FIRM AND IS REVIEWED BY THE GOVERNING BODY, BUT NOT NECESSARILY BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION IS LOCATED IN A RURAL AREA WHERE INFORMATION IS EASILY SHARED. MONITORING IS INFORMAL BUT EFFECTIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING BODY SETS THE COMPENSATION OF THE GENERAL MANAGER AND APPROVES THE COMPENSATION OF OTHERS AS RECOMMENDED BY THE GENERAL MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOOK / TAX DEPRECIATION DIFFERENCE 10 EPA WATER TANK RENOVATIONS 0 TOTAL 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01334540
IRS990/TotalAssetsEOYAmt01737496
IRS990/TotalAssetsGrp/BOYAmt01334540
IRS990/TotalAssetsGrp/EOYAmt01737496
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0436475
IRS990/TotalFunctionalExpensesGrp/TotalAmt0436475
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0432078
IRS990/TotalLiabilitiesEOYAmt0330890
IRS990/TotalLiabilitiesGrp/BOYAmt0432078
IRS990/TotalLiabilitiesGrp/EOYAmt0330890
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0902462
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01406606
IRS990/TotalProgramServiceRevenueAmt0590129
IRS990/TotalReportableCompFromOrgAmt064164
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0590519
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0590519
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01334540
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01737496
IRS990/TravelGrp/ProgramServicesAmt01392
IRS990/TravelGrp/TotalAmt01392
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0319444
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0221682
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0317 JEFFERSON LANE
IRS990/USAddress/CityNm0ATMORE
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd036502
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD ADAMS SR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02513682919
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FREEMANVILLE WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0FREE
ReturnHeader/Filer/EIN0630658412
ReturnHeader/Filer/PhoneNum02513682919
ReturnHeader/Filer/USAddress/AddressLine1Txt018 WOODS ROAD
ReturnHeader/Filer/USAddress/CityNm0ATMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd036502
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0E5717C1C020FE490AC27C4CD8FFF0524F35F2B17
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId002B7F1000B656386B0060D4E3A5AC8DC0F939A27
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.21.83.224
ReturnHeader/FilingSecurityInformation/IPDt02018-10-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:11:01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465511683
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVIS BELL & AMERSON LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0908 E NASHVILLE AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATMORE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0365022638
ReturnHeader/PreparerPersonGrp/PhoneNum02513683173
ReturnHeader/PreparerPersonGrp/PreparationDt02018-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES ALAN BELL
ReturnHeader/ReturnTs02018-10-11T16:11:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-05-01
ReturnHeader/TaxPeriodEndDt02018-04-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.48$0.28$1.20$0.57$0.66$0.09
2024Detailed filing. Detailed filing data is available for this year.$1.61$0.33$1.28$0.56$0.61$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.70$0.36$1.33$0.47$0.61$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.87$0.41$1.47$0.50$0.57$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.97$0.43$1.54$0.51$0.41$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.87$0.43$1.44$0.48$0.46$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.84$0.42$1.43$0.45$0.41$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.74$0.33$1.41$0.59$0.44$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.33$0.43$0.90$0.49$0.43$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.44$0.85$0.49$0.43$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.90$0.21$0.69$0.51$0.44$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.84$0.22$0.63$0.51$0.49$0.02
2013Summary only. Only limited summary data is available for this year.$0.83$0.22$0.61$0.51$0.54$0.03
2012Summary only. Only limited summary data is available for this year.$0.89$0.25$0.64$0.51$0.58$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.98$0.26$0.72$0.52