Civic Intelligence

Independence Water Association Inc

990 • Fiscal year 2020 • EIN 64-0468397

Oct 01, 2019 to Sep 30, 2020 • Filed on Dec 17, 2020

Organization Profile
1247 Benson RoadCourtland, MS 38620

(662) 563-2138

Siviq Scores

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

Liabilities / Assets

59th percentile

0.14x

Higher debt load relative to assets than 59% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

59th percentile

0.36x

Higher debt load relative to revenue than 59% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Net Margin

53rd percentile

8.5%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2020 filings • 501(c)12 • $500k-$1M nonprofits • Source year 2020

Asset Growth

51st percentile

1.2%

Faster asset growth than 51% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-2.8%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)12 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets59th percentile

Assets

Up

$684,092

Up $8,135 (+1.2%) from 2019

Net Assets

Up

$591,661

Up $22,325 (+3.9%) from 2019

Liabilities

Down

$92,431

Down $14,190 (-13%) from 2019

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin53rd percentile

Revenue

Down

$256,881

Down $7,342 (-2.8%) from 2019

Expenses

Up

$235,105

Up $9,143 (+4.0%) from 2019

Net Income

Down

$21,776

Down $16,485 (-43%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2020

Assets$684,092
Liabilities$92,431
Net Assets$591,661
Open 2020 Filing

Operations Trend

Revenue Growth23rd 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

2020

Revenue$256,881
Expenses$235,105
Net Income$21,776
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Dec 17, 2020
Return Version
2019v5.1
Gross Receipts
$256,881
Mission and Program Overview

Mission

Provide safe drinking water

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$556,993$578,768▲ $21,775
Land, Buildings, and Equipment, Net$542,189$511,909▼ $30,280
Savings and Temporary Cash Investments$55,677$67,759▲ $12,082
Cash and Non-Interest-Bearing Accounts$27,515$56,550▲ $29,035
Accounts Receivable$40,005$32,023▼ $7,982
Pd in Cap Srpls Land Bldg Eqp Fund$12,343$12,893▲ $550
Inventories for Sale or Use$8,490$10,488▲ $1,998
Prepaid Expenses and Deferred Charges$1,711$4,993▲ $3,282
Total Assets$675,957$684,092▲ $8,135
Other Assets Total$370$370→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$74,785$54,792▼ $19,993
Other Liabilities$30,069$36,379▲ $6,310
Accounts Payable and Accrued Expenses$1,767$1,260▼ $507
Total Liabilities$106,621$92,431▼ $14,190
Net Assets / Fund Balance
Total Net Assets Fund Balance$569,336$591,661▲ $22,325
Total Liabilities and Net Assets / Fund Balance$675,957$684,092▲ $8,135

Asset Categories

AssetBook ValueDepreciationBasis
Land$6,231--
Equipment$2,375--
Leasehold Improvements$503,303$957,412-
Other Assets Org$370--
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Robert WebsterDirector
William WilsonDirector
Stevie McminnPres
Scootie MurphreeSectreas
Chris BeardainVP
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$256,740
Investment Income
$141
Other Revenue
$0
Change in Net Assets
$21,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$235,105
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$91,131--$91,131
Depreciation Depletion$30,280--$30,280
Other Expenses$18,064--$18,064
Fees for Services Management$17,100--$17,100
Office Expenses$12,983--$12,983
Insurance$5,562--$5,562
Interest$4,268--$4,268
Fees for Services Accounting$1,800--$1,800
Total Functional Expenses$235,105$0$0$235,105
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$36,379
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
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 presented 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
Stevie Mcminn
Title
Pres
Phone
6625632138
Signed
2020-12-17
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
RB Financial Services
Address
383 Highway 51 North, BATESVILLE, MS 38606
Preparer
Michael S Calvert
Phone
6622924685
Supplemental Narrative

Additional Explanations

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

“Decrease in membership deposits”

Raw XML Appendix350 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01767
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01260
IRS990/AccountsReceivableGrp/BOYAmt040005
IRS990/AccountsReceivableGrp/EOYAmt032023
IRS990/AcctCompileOrReviewBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE SAFE DRINKING WATER
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0SCOOTIE MURPHREE
IRS990/BooksInCareOfDetail/PhoneNum06625632138
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0HWY 35 SOUTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0BATESVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038606
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt027515
IRS990/CashNonInterestBearingGrp/EOYAmt056550
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0141
IRS990/CYOtherExpensesAmt0235105
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0256740
IRS990/CYRevenuesLessExpensesAmt021776
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0235105
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0256881
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt030280
IRS990/DepreciationDepletionGrp/TotalAmt030280
IRS990/Desc0INDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATER
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0235105
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01800
IRS990/FeesForServicesAccountingGrp/TotalAmt01800
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt017100
IRS990/FeesForServicesManagementGrp/TotalAmt017100
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0true
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt23.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt33.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0WILLIAM WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT WEBSTER
IRS990/Form990PartVIISectionAGrp/PersonNm2STEVIE MCMINN
IRS990/Form990PartVIISectionAGrp/PersonNm3CHRIS BEARDAIN
IRS990/Form990PartVIISectionAGrp/PersonNm4SCOOTIE MURPHREE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECTREAS
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0256881
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt05562
IRS990/InsuranceGrp/TotalAmt05562
IRS990/InterestGrp/ProgramServicesAmt04268
IRS990/InterestGrp/TotalAmt04268
IRS990/InventoriesForSaleOrUseGrp/BOYAmt08490
IRS990/InventoriesForSaleOrUseGrp/EOYAmt010488
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0141
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0141
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0957412
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0542189
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0511909
IRS990/LandBldgEquipCostOrOtherBssAmt01469321
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0256740
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE SAFE DRINKING WATER
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt074785
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt054792
IRS990/NetAssetsOrFundBalancesBOYAmt0569336
IRS990/NetAssetsOrFundBalancesEOYAmt0591661
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt091131
IRS990/OccupancyGrp/TotalAmt091131
IRS990/OfficeExpensesGrp/ProgramServicesAmt012983
IRS990/OfficeExpensesGrp/TotalAmt012983
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0370
IRS990/OtherAssetsTotalGrp/EOYAmt0370
IRS990/OtherChangesInNetAssetsAmt0549
IRS990/OtherExpensesGrp/Desc0POSTAGE
IRS990/OtherExpensesGrp/Desc1BOOKKEEPING AND COLLECTIONS
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3METER READIING
IRS990/OtherExpensesGrp/ProgramServicesAmt03721
IRS990/OtherExpensesGrp/ProgramServicesAmt112840
IRS990/OtherExpensesGrp/ProgramServicesAmt237356
IRS990/OtherExpensesGrp/ProgramServicesAmt318064
IRS990/OtherExpensesGrp/TotalAmt03721
IRS990/OtherExpensesGrp/TotalAmt112840
IRS990/OtherExpensesGrp/TotalAmt237356
IRS990/OtherExpensesGrp/TotalAmt318064
IRS990/OtherLiabilitiesGrp/BOYAmt030069
IRS990/OtherLiabilitiesGrp/EOYAmt036379
IRS990/OtherSourcesGrossIncomeAmt0141
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt012343
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt012893
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01711
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04993
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES AND INSTALL
IRS990/ProgramServiceRevenueGrp/Desc1LATE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0251050
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15690
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0251050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15690
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0141
IRS990/PYOtherExpensesAmt0235105
IRS990/PYProgramServiceRevenueAmt0256740
IRS990/PYRevenuesLessExpensesAmt021776
IRS990/PYTotalExpensesAmt0235105
IRS990/PYTotalRevenueAmt0256881
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt021776
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0256881
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0556993
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0578768
IRS990/SavingsAndTempCashInvstGrp/BOYAmt055677
IRS990/SavingsAndTempCashInvstGrp/EOYAmt067759
IRS990ScheduleA/TestPublicSafetyInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt02375
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt02375
IRS990ScheduleD/LandGrp/BookValueAmt06231
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt06231
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0503303
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0957412
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01460715
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0370
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UTILITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt036379
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER METER DEP
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0511909
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0370
IRS990ScheduleD/TotalLiabilityAmt036379
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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 PRESENTED 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/ExplanationTxt8DECREASE IN MEMBERSHIP DEPOSITS
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0675957
IRS990/TotalAssetsEOYAmt0684092
IRS990/TotalAssetsGrp/BOYAmt0675957
IRS990/TotalAssetsGrp/EOYAmt0684092
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0235105
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235105
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0106621
IRS990/TotalLiabilitiesEOYAmt092431
IRS990/TotalLiabilitiesGrp/BOYAmt0106621
IRS990/TotalLiabilitiesGrp/EOYAmt092431
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0569336
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0591661
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0235105
IRS990/TotalProgramServiceRevenueAmt0256740
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0256881
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256881
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0675957
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0684092
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVIE MCMINN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES
ReturnHeader/BusinessOfficerGrp/PhoneNum06625632138
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-17
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0659EF11803F5F0744D505BAB26E616389694C336
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0659EF11803F5F0744D505BAB26E616389694C336
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06481272020352xx30f33
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-12-17
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0152.86.30.10
ReturnHeader/FilingSecurityInformation/IPDt02020-12-17
ReturnHeader/FilingSecurityInformation/IPTm013:32:30
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640759790
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RB Financial Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0383 Highway 51 North
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATESVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038606
ReturnHeader/PreparerPersonGrp/PhoneNum06622924685
ReturnHeader/PreparerPersonGrp/PreparationDt02020-12-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael S Calvert
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02020-12-17T13:29:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$684,092
Liabilities
$92,431
Net assets
$591,661
Revenue
$256,881
Expenses
$235,105
Net income
$21,776
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