Civic Intelligence

Powers Water Association

990 • Fiscal year 2016 • EIN 64-0433780

Jul 01, 2015 to Jun 30, 2016 • Filed on Dec 05, 2016

PO Box 161Laurel, MS 39441

(601) 428-0294

Siviq Scores

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

Liabilities / Assets

55th percentile

0.14x

Higher debt load relative to assets than 55% of similar nonprofits.

2016 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

50th percentile

0.31x

Higher debt load relative to revenue than 50% of similar nonprofits.

2016 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2016

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2016 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2016

Asset Growth

6th percentile

-9.0%

Faster asset growth than 6% of similar nonprofits.

2016 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

7.4%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$771,441

Down $76,656 (-9.0%) from 2015

Net Assets

Up

$662,203

Up $67,418 (+11%) from 2015

Liabilities

Down

$109,238

Down $144,074 (-57%) from 2015

Revenue

Up

$348,037

Up $23,881 (+7.4%) from 2015

Expenses

Up

$280,619

Up $10,988 (+4.1%) from 2015

Net Income

Up

$67,418

Up $12,893 (+24%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2013: $820,268Liabilities 2013: $309,285Net Assets 2013: $510,9832013Assets 2014: $940,709Liabilities 2014: $400,449Net Assets 2014: $540,2602014Assets 2015: $848,097Liabilities 2015: $253,312Net Assets 2015: $594,7852015Assets 2016: $771,441Liabilities 2016: $109,238Net Assets 2016: $662,2032016Assets 2017: $761,346Liabilities 2017: $33,872Net Assets 2017: $727,4742017Assets 2018: $834,780Liabilities 2018: $32,093Net Assets 2018: $802,6872018Assets 2019: $1,082,694Liabilities 2019: $250,016Net Assets 2019: $832,6782019Assets 2020: $1,069,697Liabilities 2020: $202,404Net Assets 2020: $867,2932020Assets 2021: $1,008,144Liabilities 2021: $159,172Net Assets 2021: $848,9722021Assets 2022: $910,832Liabilities 2022: $104,749Net Assets 2022: $806,0832022Assets 2023: $885,825Liabilities 2023: $53,840Net Assets 2023: $831,9852023Assets 2024: $910,162Liabilities 2024: $48,123Net Assets 2024: $862,0392024Assets 2025: $926,475Liabilities 2025: $57,829Net Assets 2025: $868,6462025

Highlighted filing

2016

Assets$771,441
Liabilities$109,238
Net Assets$662,203

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $330,528Expenses 2013: $288,412Net Income 2013: $42,1162013Revenue 2014: $320,750Expenses 2014: $291,473Net Income 2014: $29,2772014Revenue 2015: $324,156Expenses 2015: $269,631Net Income 2015: $54,5252015Revenue 2016: $348,037Expenses 2016: $280,619Net Income 2016: $67,4182016Revenue 2017: $358,970Expenses 2017: $293,699Net Income 2017: $65,2712017Revenue 2018: $348,457Expenses 2018: $273,244Net Income 2018: $75,2132018Revenue 2019: $348,779Expenses 2019: $318,788Net Income 2019: $29,9912019Revenue 2020: $355,839Expenses 2020: $321,224Net Income 2020: $34,6152020Revenue 2021: $374,376Expenses 2021: $392,697Net Income 2021: -$18,3212021Revenue 2022: $415,561Expenses 2022: $458,450Net Income 2022: -$42,8892022Revenue 2023: $481,741Expenses 2023: $455,839Net Income 2023: $25,9022023Revenue 2024: $513,649Expenses 2024: $483,595Net Income 2024: $30,0542024Revenue 2025: $531,667Expenses 2025: $525,060Net Income 2025: $6,6072025

Highlighted filing

2016

Revenue$348,037
Expenses$280,619
Net Income$67,418
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Dec 5, 2016
Return Version
2015v2.0
Gross Receipts
$348,037
Mission and Program Overview

Mission

To provide water service to residential and commercial customers in the Powers and surrounding communities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$594,785$662,203▲ $67,418
Land, Buildings, and Equipment, Net$680,032$623,594▼ $56,438
Cash and Non-Interest-Bearing Accounts$124,720$93,606▼ $31,114
Accounts Receivable$27,204$38,103▲ $10,899
Inventories for Sale or Use$10,000$10,000→ $0
Prepaid Expenses and Deferred Charges$5,906$5,903▼ $3
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$848,097$771,441▼ $76,656
Other Assets Total$235$235→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$215,294$64,418▼ $150,876
Other Liabilities$29,138$28,324▼ $814
Accounts Payable and Accrued Expenses$8,880$16,496▲ $7,616
Total Liabilities$253,312$109,238▼ $144,074
Net Assets / Fund Balance
Total Net Assets Fund Balance$594,785$662,203▲ $67,418
Total Liabilities and Net Assets / Fund Balance$848,097$771,441▼ $76,656

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$565,957$1,537,651$2,103,608
Buildings$26,006$74,866$100,872
Land$31,631-$31,631
Other Land Buildings-$29,366$29,366
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adron PresleyPresident
Alan BradleySecretary
Mike ChancellorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$347,882
Investment Income
$155
Other Revenue
$0
Change in Net Assets
$67,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$348,037
Total Revenue per Audited Statements
$348,037
Total Revenue per Form 990
$348,037
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$219,358
Salaries, Compensation, and Employee Benefits$61,261
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$56,730--$56,730
Depreciation Depletion$56,437--$56,437
All Other Expenses$31,597--$31,597
Office Expenses$19,902--$19,902
Other Expenses$15,790--$15,790
Fees for Services Accounting$7,925--$7,925
Interest$5,013--$5,013
Payroll Taxes$4,531--$4,531
Occupancy$1,295--$1,295
Total Functional Expenses$280,619$0$0$280,619

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$280,619
Total Expenses per Audited Statements$280,619
Total Expenses per Form 990$280,619
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customr Deposits Payable$25,580
Accrued Expenses$1,497
Accrued Interest$1,247
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Line 11B: Form 990 Review Process

The Board of Directors review and approves Form 990

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The association's conflict of interest policy is reviewd annually. Any issues that arrise during the year are resolved thru contact with the board and/or a called meeting.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

All employees compensation is reviewed by the board annually. There are no highly compensated employees.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

All documents, policies and financial statements are available upon request at its physical address.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Powers Water Association
EIN
64-0433780
Phone
6014280294
Address
PO BOX 161, LAUREL, MS 39441

Signing Officer

Name
Adron Presley
Title
President
Signed
2016-12-05
Discuss with paid preparer
Yes

Organization Details

Formed
1965
Legal Domicile
Ms
Voting Board Members
4
Independent Board Members
4
Employees
4

Preparer

Firm
Molloy - Seidenburg & Co Pa
Address
PO BOX 1197, LAUREL, MS 39441-1197
Preparer
Doug Seidenburg
Phone
6016492007
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Bad Debts: Column (A) - Total = $3016; Column (B) - Program Services = $3016; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Insurance: Column (A) - Total = $8573; Column (B) - Program Services = $8573; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Miscellaneous: Column (A) - Total = $1590; Column (B) - Program Services = $1590; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $367; Column (B) - Program Services = $367; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Travel - meter readings: Column (A) - Total = $11360; Column (B) - Program Services = $11360; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Water sample tests: Column (A) - Total = $6691; Column (B) - Program Services = $6691; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Raw XML Appendix373 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/BuildingsGrp/DepreciationAmt074866
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0100872
IRS990ScheduleD/EquipmentGrp/BookValueAmt0565957
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01537651
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02103608
IRS990ScheduleD/ExpensesSubtotalAmt0280619
IRS990ScheduleD/LandGrp/BookValueAmt031631
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031631
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029366
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029366
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11247
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt225580
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Customr Deposits Payable
IRS990ScheduleD/RevenueSubtotalAmt0348037
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0623594
IRS990ScheduleD/TotalExpensesPerForm990Amt0280619
IRS990ScheduleD/TotalLiabilityAmt028324
IRS990ScheduleD/TotalRevenuePerForm990Amt0348037
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0348037
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0280619
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors review and approves Form 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The association's conflict of interest policy is reviewd annually. Any issues that arrise during the year are resolved thru contact with the board and/or a called meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All employees compensation is reviewed by the board annually. There are no highly compensated employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All documents, policies and financial statements are available upon request at its physical address.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Bad Debts: Column (A) - Total = $3016; Column (B) - Program Services = $3016; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Insurance: Column (A) - Total = $8573; Column (B) - Program Services = $8573; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Miscellaneous: Column (A) - Total = $1590; Column (B) - Program Services = $1590; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Printing and Publications: Column (A) - Total = $367; Column (B) - Program Services = $367; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Travel - meter readings: Column (A) - Total = $11360; Column (B) - Program Services = $11360; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Water sample tests: Column (A) - Total = $6691; Column (B) - Program Services = $6691; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0848097
IRS990/TotalAssetsEOYAmt0771441
IRS990/TotalAssetsGrp/BOYAmt0848097
IRS990/TotalAssetsGrp/EOYAmt0771441
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0280619
IRS990/TotalFunctionalExpensesGrp/TotalAmt0280619
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0253312
IRS990/TotalLiabilitiesEOYAmt0109238
IRS990/TotalLiabilitiesGrp/BOYAmt0253312
IRS990/TotalLiabilitiesGrp/EOYAmt0109238
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0594785
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0662203
IRS990/TotalProgramServiceExpensesAmt0280619
IRS990/TotalProgramServiceRevenueAmt0347882
IRS990/TotalRevenueGrp/ExclusionAmt0155
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0347882
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0348037
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0848097
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0771441
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ADRON PRESLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-12-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POWERS WATER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0POWE
ReturnHeader/Filer/EIN0640433780
ReturnHeader/Filer/PhoneNum06014280294
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 161
ReturnHeader/Filer/USAddress/CityNm0LAUREL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039441
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOLLOY - SEIDENBURG & CO PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1197
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAUREL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0394411197
ReturnHeader/PreparerPersonGrp/PhoneNum06016492007
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Doug Seidenburg
ReturnHeader/ReturnTs02016-12-05T12:51:11-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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