Civic Intelligence

Glade Water Works Association Inc

EIN 64-0437708 • 501(c)12 • Laurel, MS

Profile

To provide water to members of glade water works association, inc.

1001 Hwy 15 SouthLaurel, MS 39440
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

56th percentile

0.26x

Higher debt load relative to assets than 56% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

48th percentile

0.60x

Higher debt load relative to revenue than 48% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Net Margin

41st percentile

2.4%

Higher net margin than 41% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

20th percentile

-3.0%

Faster asset growth than 20% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

33rd percentile

0.7%

Faster revenue growth than 33% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,375,983

Down $41,950 (-3.0%) from 2024

Liabilities

Down

$358,157

Down $56,674 (-14%) from 2024

Net Assets

Up

$1,017,826

Up $14,724 (+1.5%) from 2024

Revenue

Up

$601,475

Up $4,474 (+0.7%) from 2024

Expenses

Up

$586,751

Up $14,473 (+2.5%) from 2024

Net Income

Down

$14,724

Down $9,999 (-40%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,907,068Liabilities 2010: $874,032Net Assets 2010: $1,033,0362010Assets 2011: $2,359,647Liabilities 2011: $997,324Net Assets 2011: $1,362,3232011Assets 2012: $2,267,924Liabilities 2012: $957,927Net Assets 2012: $1,309,9972012Assets 2013: $2,176,747Liabilities 2013: $915,715Net Assets 2013: $1,261,0322013Assets 2014: $2,084,465Liabilities 2014: $873,665Net Assets 2014: $1,210,8002014Assets 2015: $1,987,153Liabilities 2015: $831,639Net Assets 2015: $1,155,5142015Assets 2016: $1,878,432Liabilities 2016: $788,607Net Assets 2016: $1,089,8252016Assets 2017: $1,796,213Liabilities 2017: $744,966Net Assets 2017: $1,051,2472017Assets 2018: $1,714,840Liabilities 2018: $699,113Net Assets 2018: $1,015,7272018Assets 2019: $1,673,212Liabilities 2019: $654,898Net Assets 2019: $1,018,3142019Assets 2020: $1,656,431Liabilities 2020: $608,017Net Assets 2020: $1,048,4142020Assets 2021: $1,580,682Liabilities 2021: $559,895Net Assets 2021: $1,020,7872021Assets 2022: $1,510,342Liabilities 2022: $528,552Net Assets 2022: $981,7902022Assets 2023: $1,442,987Liabilities 2023: $464,608Net Assets 2023: $978,3792023Assets 2024: $1,417,933Liabilities 2024: $414,831Net Assets 2024: $1,003,1022024Assets 2025: $1,375,983Liabilities 2025: $358,157Net Assets 2025: $1,017,8262025

Highlighted filing

2025

Assets$1,375,983
Liabilities$358,157
Net Assets$1,017,826

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $341,7992010Expenses 2011: $399,2402011Expenses 2012: $470,6782012Expenses 2013: $457,0932013Revenue 2014: $404,437Expenses 2014: $454,669Net Income 2014: -$50,2322014Revenue 2015: $397,871Expenses 2015: $453,157Net Income 2015: -$55,2862015Revenue 2016: $393,948Expenses 2016: $459,637Net Income 2016: -$65,6892016Revenue 2017: $426,660Expenses 2017: $465,238Net Income 2017: -$38,5782017Revenue 2018: $441,504Expenses 2018: $477,024Net Income 2018: -$35,5202018Revenue 2019: $453,692Expenses 2019: $451,100Net Income 2019: $2,5922019Revenue 2020: $497,085Expenses 2020: $466,985Net Income 2020: $30,1002020Revenue 2021: $465,029Expenses 2021: $492,656Net Income 2021: -$27,6272021Revenue 2022: $465,956Expenses 2022: $504,953Net Income 2022: -$38,9972022Revenue 2023: $518,192Expenses 2023: $521,603Net Income 2023: -$3,4112023Revenue 2024: $597,001Expenses 2024: $572,278Net Income 2024: $24,7232024Revenue 2025: $601,475Expenses 2025: $586,751Net Income 2025: $14,7242025

Highlighted filing

2025

Revenue$601,475
Expenses$586,751
Net Income$14,724

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.36$1.02$0.60$0.59$0.01
2024Detailed filing. Detailed filing data is available for this year.$1.42$0.41$1.00$0.60$0.57$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.44$0.46$0.98$0.52$0.52$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.51$0.53$0.98$0.47$0.50$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.58$0.56$1.02$0.47$0.49$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.61$1.05$0.50$0.47$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.67$0.65$1.02$0.45$0.45$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.70$1.02$0.44$0.48$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.80$0.74$1.05$0.43$0.47$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.88$0.79$1.09$0.39$0.46$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.99$0.83$1.16$0.40$0.45$0.06
2014Detailed filing. Detailed filing data is available for this year.$2.08$0.87$1.21$0.40$0.45$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.92$1.26$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.96$1.31$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.36$1.00$1.36$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.87$1.03$0.34
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 18, 2025
Return Version
2024v5.2
Gross Receipts
$601,475
Mission and Program Overview

Mission

To provide water to members of glade water works association, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$785,568$780,021▼ $5,547
Savings and Temporary Cash Investments$465,771$413,715▼ $52,056
Cash and Non-Interest-Bearing Accounts$113,890$114,346▲ $456
Accounts Receivable$45,793$54,985▲ $9,192
Prepaid Expenses and Deferred Charges$6,911$12,916▲ $6,005
Total Assets$1,417,933$1,375,983▼ $41,950
Liabilities
Unsecured Notes Loans Payable$357,448$299,696▼ $57,752
Other Liabilities$48,960$50,330▲ $1,370
Accounts Payable and Accrued Expenses$8,423$8,131▼ $292
Total Liabilities$414,831$358,157▼ $56,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,003,102$1,017,826▲ $14,724
Total Net Assets Fund Balance$1,003,102$1,017,826▲ $14,724
Total Liabilities and Net Assets / Fund Balance$1,417,933$1,375,983▼ $41,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$91,371$115,961-
Other Land Buildings$628,062$2,170,939-
Land$14,634--
Equipment$45,954$258,894-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Stan NorwoodPresident
Becky ShoemakerVice President
Joseph PurvisBoard Member
Thomas MorganBoard Member
Tommy DoggettBoard Member
Walt HamiltonSecretarytreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$555,074
Investment Income
$5,368
Other Revenue
$41,033
Change in Net Assets
$14,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,417
Salaries, Compensation, and Employee Benefits$241,084
Grants and Similar Amounts Paid$30,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$156,904$39,226-$196,130
Depreciation Depletion$109,876--$109,876
Grants to Domestic Orgs$30,250--$30,250
Other Employee Benefits$23,753$5,938-$29,691
Fees for Services Accounting-$27,638-$27,638
Fees for Services Other$25,662--$25,662
Office Expenses-$18,368-$18,368
Payroll Taxes$12,210$3,053-$15,263
Insurance$15,058--$15,058
All Other Expenses$10,312$144-$10,456
Travel$8,530--$8,530
Interest$6,500--$6,500
Other Expenses$3,798$14,976-$3,798
Fees for Services Management-$3,663-$3,663
Occupancy$749--$749
Total Functional Expenses$473,745$113,006$0$586,751
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Glade Volunteer Fire DepartmentLaurel, MS501c3To Aide Gvfd in Serving the Members$30,250
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits Payable$50,330
Governance and Compliance

Governance Checklist

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

Governance Explanations

Members or stockholder classes and rights Part VI line 6

All the customers of the water association are members.

Member election for additional members Part VI line 7A

The association members elect the member of the governing board.

Form 990 governing body review Part VI line 11

Tax return is provided to board members for review before filing

Governing documents etc available to public Part VI line 19

Available in the business office for viewing upon request

Filing and Contact Details

Filer

Filer Name
Glade Water Works Association Inc
EIN
64-0437708
In Care Of
% WALT HAMILTON
Phone
6014280586
Address
1001 HWY 15 SOUTH, LAUREL, MS 39440

Signing Officer

Name
Walt Hamilton
Title
Secretarytreasurer
Phone
6014280586
Signed
2025-08-18
Discuss with paid preparer
Yes

Organization Details

Formed
1965
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
3

Preparer

Firm
Laura Brame Cerra CPA PLLC
Address
545 Central Avenue Suite C, Laurel, MS 39440
Preparer
Laura Brame Cerra CPA
Phone
6015182721
Raw XML Appendix363 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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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO AIDE GVFD IN SERVING THE MEMBERS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GLADE VOLUNTEER FIRE DEPARTMENT
IRS990ScheduleI/RecipientTable/RecipientEIN0640803921
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0119 ORANGE DR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL THE CUSTOMERS OF THE WATER ASSOCIATION ARE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION MEMBERS ELECT THE MEMBER OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX RETURN IS PROVIDED TO BOARD MEMBERS FOR REVIEW BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE IN THE BUSINESS OFFICE FOR VIEWING UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0601475
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0601475
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01375983
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALT HAMILTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARYTREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06014280586
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GLADE WATER WORKS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GLAD
ReturnHeader/Filer/EIN0640437708
ReturnHeader/Filer/InCareOfNm0% WALT HAMILTON
ReturnHeader/Filer/PhoneNum06014280586
ReturnHeader/Filer/USAddress/AddressLine1Txt01001 HWY 15 SOUTH
ReturnHeader/Filer/USAddress/CityNm0LAUREL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039440
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0901118896
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Laura Brame Cerra CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0545 Central Avenue Suite C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Laurel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039440
ReturnHeader/PreparerPersonGrp/PhoneNum06015182721
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURA BRAME CERRA CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-08-19T09:44:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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