Civic Intelligence

Independence Water Association Inc

990 • Fiscal year 2015 • EIN 64-0468397

Oct 01, 2014 to Sep 30, 2015 • Filed on Nov 18, 2015

Organization Profile
1247 Benson RoadCourtland, MS 38620

(662) 934-8413

Siviq Scores

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

Liabilities / Assets

70th percentile

0.30x

Higher debt load relative to assets than 70% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

1.08x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Net Margin

50th percentile

4.8%

Higher net margin than 50% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

86th percentile

$14,400

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2015

Asset Growth

34th percentile

-2.1%

Faster asset growth than 34% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-0.7%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$690,328

Down $15,014 (-2.1%) from 2014

Net Assets

Up

$483,703

Up $3,425 (+0.7%) from 2014

Liabilities

Down

$206,625

Down $18,439 (-8.2%) from 2014

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin50th percentile

Revenue

Down

$192,021

Down $1,290 (-0.7%) from 2014

Expenses

Up

$182,844

Up $1,650 (+0.9%) from 2014

Net Income

Down

$9,177

Down $2,940 (-24%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $471,929Liabilities 2011: $36,083Net Assets 2011: $435,8462011Assets 2012: $672,261Liabilities 2012: $220,333Net Assets 2012: $451,9282012Assets 2013: $714,736Liabilities 2013: $246,575Net Assets 2013: $468,1612013Assets 2014: $705,342Liabilities 2014: $225,064Net Assets 2014: $480,2782014Assets 2015: $690,328Liabilities 2015: $206,625Net Assets 2015: $483,7032015Assets 2016: $677,212Liabilities 2016: $185,740Net Assets 2016: $491,4722016Assets 2017: $664,127Liabilities 2017: $160,776Net Assets 2017: $503,3512017Assets 2018: $672,337Liabilities 2018: $141,262Net Assets 2018: $531,0752018Assets 2019: $675,957Liabilities 2019: $106,621Net Assets 2019: $569,3362019Assets 2020: $684,092Liabilities 2020: $92,431Net Assets 2020: $591,6612020Assets 2021: $695,081Liabilities 2021: $72,362Net Assets 2021: $622,7192021Assets 2022: $719,376Liabilities 2022: $43,466Net Assets 2022: $675,9102022Assets 2023: $836,174Liabilities 2023: $156,880Net Assets 2023: $679,2942023Assets 2024: $1,245,119Liabilities 2024: $441,551Net Assets 2024: $803,5682024Assets 2025: $1,446,726Liabilities 2025: $588,119Net Assets 2025: $858,6072025

Highlighted filing

2015

Assets$690,328
Liabilities$206,625
Net Assets$483,703
Open 2015 Filing

Operations Trend

Revenue Growth38th percentile

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

$600K$400K$200K$0Revenue 2011: $166,317Expenses 2011: $160,520Net Income 2011: $5,7972011Expenses 2012: $169,3742012Expenses 2013: $181,0302013Revenue 2014: $193,311Expenses 2014: $181,194Net Income 2014: $12,1172014Revenue 2015: $192,021Expenses 2015: $182,844Net Income 2015: $9,1772015Revenue 2016: $200,000Expenses 2016: $192,231Net Income 2016: $7,7692016Revenue 2017: $230,005Expenses 2017: $217,677Net Income 2017: $12,3282017Revenue 2018: $256,834Expenses 2018: $229,110Net Income 2018: $27,7242018Revenue 2019: $264,223Expenses 2019: $225,962Net Income 2019: $38,2612019Revenue 2020: $256,881Expenses 2020: $235,105Net Income 2020: $21,7762020Revenue 2021: $279,862Expenses 2021: $249,404Net Income 2021: $30,4582021Revenue 2022: $304,187Expenses 2022: $249,745Net Income 2022: $54,4422022Revenue 2023: $323,359Expenses 2023: $279,826Net Income 2023: $43,5332023Revenue 2024: $343,623Expenses 2024: $276,641Net Income 2024: $66,9822024Revenue 2025: $431,762Expenses 2025: $376,957Net Income 2025: $54,8052025

Highlighted filing

2015

Revenue$192,021
Expenses$182,844
Net Income$9,177
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Nov 18, 2015
Return Version
2014v5.0
Gross Receipts
$192,021
Mission and Program Overview

Mission

Provide safe drinking water

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$603,860$590,251▼ $13,609
Rtn Earn Endowment Incm Other Fnds$461,423$470,600▲ $9,177
Savings and Temporary Cash Investments$46,292$54,717▲ $8,425
Accounts Receivable$32,610$31,259▼ $1,351
Pd in Cap Srpls Land Bldg Eqp Fund$18,855$13,103▼ $5,752
Inventories for Sale or Use$7,200$7,370▲ $170
Cash and Non-Interest-Bearing Accounts$14,939$5,745▼ $9,194
Prepaid Expenses and Deferred Charges$421$966▲ $545
Total Assets$705,342$690,328▼ $15,014
Other Assets Total$20$20→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$210,049$188,017▼ $22,032
Other Liabilities$12,775$17,175▲ $4,400
Accounts Payable and Accrued Expenses$2,240$1,433▼ $807
Total Liabilities$225,064$206,625▼ $18,439
Net Assets / Fund Balance
Total Net Assets Fund Balance$480,278$483,703▲ $3,425
Total Liabilities and Net Assets / Fund Balance$705,342$690,328▼ $15,014

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$590,251$807,385$1,397,636
Other Assets Org$20--
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jimmy HerronPresPT$14,400$14,400

Board Members and Trustees

NameTitle
Robert WebsterDirector
Stevie McminnDirector
Scootie MurphreeSectreas
Chris BeardainVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$191,989
Investment Income
$32
Other Revenue
$0
Change in Net Assets
$9,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$182,844
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$53,669--$53,669
Depreciation Depletion$29,210--$29,210
Fees for Services Management$14,400--$14,400
Interest$11,362--$11,362
Other Expenses$6,850--$6,850
Office Expenses$5,664--$5,664
Insurance$4,269--$4,269
Fees for Services Accounting$1,800--$1,800
Total Functional Expenses$182,844$0$0$182,844
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 Meter Dep$17,175
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
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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

Members or stockholder classes and rights Part VI line 6

“All members have right to vote an membership meetings”

Member election for additional members Part VI line 7A

“Members elect officers and directors at the annual meeting”

Governing body decisions Part VI line 7B

“Minutes are taken at each meeting of the governing body”

Form 990 governing body review Part VI line 11

“Form 990 was present to and reviewed by the governing body before filing”

Conflict of interest policy compliance Part VI line 12C

“The conflict of interest policy is reviewed and discussed at each meeting to ensure compliance”

CEO executive director top management comp Part VI line 15A

“Any compensation of any member must be approved by the officers and directors with member approval”

Other officer or key employee compensation Part VI line 15B

“Any officer compensation must be approved by membership”

Governing documents etc available to public Part VI line 19

“Form 990 is available for inspection upon request by any member”

Filing and Contact Details

Filer

Filer Name
Independence Water Association Inc
EIN
64-0468397
Address
1247 BENSON ROAD, COURTLAND, MS 38620

Signing Officer

Name
Jimmy Herron
Title
President
Phone
6629348413
Signed
2015-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jimmy Herron
Formed
1967
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
RB Financial Services Inc
Address
PO BOX 80, Marks, MS 38646
Preparer
Raymond Belk
Phone
6622924685
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Refund of prior members membership fees”

Raw XML Appendix345 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS HAVE RIGHT TO VOTE AN MEMBERSHIP MEETINGS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT OFFICERS AND DIRECTORS AT THE ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MINUTES ARE TAKEN AT EACH MEETING OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 WAS PRESENT TO AND REVIEWED BY THE GOVERNING BODY BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS REVIEWED AND DISCUSSED AT EACH MEETING TO ENSURE COMPLIANCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANY COMPENSATION OF ANY MEMBER MUST BE APPROVED BY THE OFFICERS AND DIRECTORS WITH MEMBER APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANY OFFICER COMPENSATION MUST BE APPROVED BY MEMBERSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990 IS AVAILABLE FOR INSPECTION UPON REQUEST BY ANY MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8REFUND OF PRIOR MEMBERS MEMBERSHIP FEES
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/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0705342
IRS990/TotalAssetsEOYAmt0690328
IRS990/TotalAssetsGrp/BOYAmt0705342
IRS990/TotalAssetsGrp/EOYAmt0690328
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0182844
IRS990/TotalFunctionalExpensesGrp/TotalAmt0182844
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0225064
IRS990/TotalLiabilitiesEOYAmt0206625
IRS990/TotalLiabilitiesGrp/BOYAmt0225064
IRS990/TotalLiabilitiesGrp/EOYAmt0206625
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0480278
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0483703
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0182844
IRS990/TotalProgramServiceRevenueAmt0191989
IRS990/TotalReportableCompFromOrgAmt014400
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0192021
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0192021
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0705342
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0690328
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0BENSON ROAD
IRS990/USAddress/CityNm0COURTLAND
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038620
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIMMY HERRON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06629348413
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0640468397
ReturnHeader/Filer/USAddress/AddressLine1Txt01247 BENSON ROAD
ReturnHeader/Filer/USAddress/CityNm0COURTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038620
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640759790
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RB Financial Services Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 80
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Marks
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038646
ReturnHeader/PreparerPersonGrp/PhoneNum06622924685
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Raymond Belk
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-22T09:27:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$690,328
Liabilities
$206,625
Net assets
$483,703
Revenue
$192,021
Expenses
$182,844
Net income
$9,177
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.45$0.59$0.86$0.43$0.38$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.25$0.44$0.80$0.34$0.28$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.84$0.16$0.68$0.32$0.28$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.72$0.04$0.68$0.30$0.25$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.70$0.07$0.62$0.28$0.25$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.68$0.09$0.59$0.26$0.24$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.11$0.57$0.26$0.23$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.14$0.53$0.26$0.23$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.66$0.16$0.50$0.23$0.22$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.19$0.49$0.20$0.19$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.69$0.21$0.48$0.19$0.18$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.71$0.23$0.48$0.19$0.18$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.25$0.47$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.22$0.45$0.17
2011Summary only. Only limited summary data is available for this year.$0.47$0.04$0.44$0.17$0.16$0.01