Civic Intelligence

Southwest Leake Water Association

990 • Fiscal year 2014 • EIN 64-0534677

Jun 01, 2013 to May 31, 2014 • Filed on Sep 11, 2014

Organization ProfileNONE
991 Pleasant Hill Road39094

(601) 654-9339

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.47x

Higher debt load relative to assets than 72% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

3.84x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Net Margin

77th percentile

16%

Higher net margin than 77% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$845

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2014

Asset Growth

17th percentile

-3.6%

Faster asset growth than 17% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

69th percentile

6.5%

Faster revenue growth than 69% of similar nonprofits.

2014 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$2,937,582

Down $109,055 (-3.6%) from 2013

Net Assets

Down

$1,549,506

Down $84,394 (-5.2%) from 2013

Liabilities

Down

$1,388,076

Down $24,661 (-1.7%) from 2013

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin77th percentile

Revenue

Up

$361,164

Up $22,178 (+6.5%) from 2013

Expenses

Down

$304,301

Down $39,635 (-12%) from 2013

Net Income

Up

$56,863

Up $61,813 (+1249%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,999,993Liabilities 2011: $1,456,426Net Assets 2011: $1,543,5672011Assets 2012: $3,070,167Liabilities 2012: $1,431,317Net Assets 2012: $1,638,8502012Assets 2013: $3,046,637Liabilities 2013: $1,412,737Net Assets 2013: $1,633,9002013Assets 2014: $2,937,582Liabilities 2014: $1,388,076Net Assets 2014: $1,549,5062014Assets 2015: $2,910,337Liabilities 2015: $1,382,169Net Assets 2015: $1,528,1682015Assets 2016: $3,015,417Liabilities 2016: $1,355,552Net Assets 2016: $1,659,8652016Assets 2017: $2,868,744Liabilities 2017: $1,181,052Net Assets 2017: $1,687,6922017Assets 2018: $2,867,940Liabilities 2018: $1,156,766Net Assets 2018: $1,711,1742018Assets 2019: $2,856,934Liabilities 2019: $1,145,714Net Assets 2019: $1,711,2202019Assets 2020: $2,858,788Liabilities 2020: $1,118,704Net Assets 2020: $1,740,0842020Assets 2021: $2,830,551Liabilities 2021: $1,101,686Net Assets 2021: $1,728,8652021Assets 2022: $2,785,264Liabilities 2022: $1,060,524Net Assets 2022: $1,724,7402022Assets 2023: $2,743,526Liabilities 2023: $1,026,601Net Assets 2023: $1,716,9252023Assets 2024: $2,702,135Liabilities 2024: $976,548Net Assets 2024: $1,725,5872024Assets 2025: $2,675,971Liabilities 2025: $930,290Net Assets 2025: $1,745,6812025

Highlighted filing

2014

Assets$2,937,582
Liabilities$1,388,076
Net Assets$1,549,506
Open 2014 Filing

Operations Trend

Revenue Growth69th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $452,148Expenses 2011: $433,880Net Income 2011: $18,2682011Revenue 2012: $428,285Expenses 2012: $333,000Net Income 2012: $95,2852012Revenue 2013: $338,986Expenses 2013: $343,936Net Income 2013: -$4,9502013Revenue 2014: $361,164Expenses 2014: $304,301Net Income 2014: $56,8632014Revenue 2015: $357,954Expenses 2015: $331,470Net Income 2015: $26,4842015Revenue 2016: $373,857Expenses 2016: $340,560Net Income 2016: $33,2972016Revenue 2017: $396,215Expenses 2017: $368,388Net Income 2017: $27,8272017Revenue 2018: $406,765Expenses 2018: $383,283Net Income 2018: $23,4822018Revenue 2019: $402,057Expenses 2019: $402,011Net Income 2019: $462019Revenue 2020: $396,480Expenses 2020: $367,616Net Income 2020: $28,8642020Revenue 2021: $447,922Expenses 2021: $459,141Net Income 2021: -$11,2192021Revenue 2022: $414,659Expenses 2022: $418,784Net Income 2022: -$4,1252022Revenue 2023: $444,061Expenses 2023: $451,876Net Income 2023: -$7,8152023Revenue 2024: $474,808Expenses 2024: $466,146Net Income 2024: $8,6622024Revenue 2025: $478,097Expenses 2025: $458,003Net Income 2025: $20,0942025

Highlighted filing

2014

Revenue$361,164
Expenses$304,301
Net Income$56,863
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Sep 11, 2014
Return Version
2013v3.1
Gross Receipts
$361,164
Mission and Program Overview

Mission

Provide water service to the community of lena mississippi

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,532,784$2,362,647▼ $170,137
Rtn Earn Endowment Incm Other Fnds$1,633,900$1,408,249▼ $225,651
Savings and Temporary Cash Investments$368,480$476,308▲ $107,828
Pd in Cap Srpls Land Bldg Eqp Fund-$141,257-
Cash and Non-Interest-Bearing Accounts$100,579$54,205▼ $46,374
Accounts Receivable$27,457$27,120▼ $337
Inventories for Sale or Use$10,267$10,267→ $0
Prepaid Expenses and Deferred Charges$6,633$6,633→ $0
Other Notes and Loans Receivable, Net$402$402→ $0
Total Assets$3,046,637$2,937,582▼ $109,055
Other Assets Total$35--
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,379,920$1,360,411▼ $19,509
Other Liabilities$27,665$27,665→ $0
Accounts Payable and Accrued Expenses$5,152--
Total Liabilities$1,412,737$1,388,076▼ $24,661
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,633,900$1,549,506▼ $84,394
Total Liabilities and Net Assets / Fund Balance$3,046,637$2,937,582▼ $109,055

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,308,956$1,509,756$3,818,712
Buildings$42,712$24,094$66,806
Land$10,551-$10,551
Other Land Buildings$428$2,298$2,726
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleBaseTotal
John KennedyDirector$845$845
Tim StewartPresident$845$845
Mary Jean EvansSecretarytreasurer$780$780
Bobby ClarkDirector$585$585
Paul BrownVice President$520$520
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$356,904
Investment Income
$4,260
Other Revenue
$0
Change in Net Assets
$56,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$213,079
Salaries, Compensation, and Employee Benefits$91,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$91,416--$91,416
Other Salaries and Wages$81,025--$81,025
All Other Expenses$21,105--$21,105
Insurance$17,161--$17,161
Fees for Services Accounting$8,826--$8,826
Payroll Taxes$6,622--$6,622
Office Expenses$5,859--$5,859
Travel$4,878--$4,878
Current Officers, Directors, Trustees, and Key Employees$3,575--$3,575
Other Expenses$2,843--$2,843
Total Functional Expenses$304,301$0$0$304,301
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Meter Deposits$27,665
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

“the end users are all members of the water association”

Member election for additional members Part VI line 7A

“The Board of Directors is elected by the memebers of the water association”

Form 990 governing body review Part VI line 11

“a copy of Form 990 was reviewed by the board of directors before being filed.”

Governing documents etc available to public Part VI line 19

“The financial statements and tax returns are available to the public upon request.”

Filing and Contact Details

Filer

EIN
64-0534677

Signing Officer

Name
Tim Stewart
Title
President
Phone
6016549339
Signed
2014-09-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Tim Stewart
Formed
1968
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
0
Employees
3

Preparer

Preparer
Ruby Ferguson
Phone
6012674702
Supplemental Narrative

Additional Explanations

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

“assets in building and equipment fund”

Raw XML Appendix331 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0the end users are all members of the water association
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors is elected by the memebers of the water association
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2a copy of Form 990 was reviewed by the board of directors before being filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The financial statements and tax returns are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4assets in building and equipment fund
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/TotalAssetsBOYAmt03046637
IRS990/TotalAssetsEOYAmt02937582
IRS990/TotalAssetsGrp/BOYAmt03046637
IRS990/TotalAssetsGrp/EOYAmt02937582
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0304301
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304301
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01412737
IRS990/TotalLiabilitiesEOYAmt01388076
IRS990/TotalLiabilitiesGrp/BOYAmt01412737
IRS990/TotalLiabilitiesGrp/EOYAmt01388076
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01633900
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01549506
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0304301
IRS990/TotalProgramServiceRevenueAmt0356904
IRS990/TotalReportableCompFromOrgAmt03575
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0361164
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0361164
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03046637
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02937582
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04878
IRS990/TravelGrp/TotalAmt04878
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0NONE
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06016549339
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10SOUTHWEST LEAKE WATER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0640534677
ReturnHeader/Filer/USAddress/AddressLine10991 PLEASANT HILL ROAD
ReturnHeader/Filer/USAddress/City0Lena
ReturnHeader/Filer/USAddress/State0MS
ReturnHeader/Filer/USAddress/ZIPCode039094
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640867217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10fastax
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10400 Red Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0Carthage
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode039051
ReturnHeader/PreparerPersonGrp/PhoneNum06012674702
ReturnHeader/PreparerPersonGrp/PreparationDt02014-10-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RUBY FERGUSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02014-10-30T16:42:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-06-01
ReturnHeader/TaxPeriodEndDt02014-05-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,937,582
Liabilities
$1,388,076
Net assets
$1,549,506
Revenue
$361,164
Expenses
$304,301
Net income
$56,863
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.68$0.93$1.75$0.48$0.46$0.02
2024Detailed filing. Detailed filing data is available for this year.$2.70$0.98$1.73$0.47$0.47$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.74$1.03$1.72$0.44$0.45$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.79$1.06$1.72$0.41$0.42$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.83$1.10$1.73$0.45$0.46$0.01
2020Detailed filing. Detailed filing data is available for this year.$2.86$1.12$1.74$0.40$0.37$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.86$1.15$1.71$0.40$0.40$0.00
2018Detailed filing. Detailed filing data is available for this year.$2.87$1.16$1.71$0.41$0.38$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.87$1.18$1.69$0.40$0.37$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.02$1.36$1.66$0.37$0.34$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.91$1.38$1.53$0.36$0.33$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.94$1.39$1.55$0.36$0.30$0.06
2013Summary only. Only limited summary data is available for this year.$3.05$1.41$1.63$0.34$0.34$0.00
2012Summary only. Only limited summary data is available for this year.$3.07$1.43$1.64$0.43$0.33$0.10
2011Summary only. Only limited summary data is available for this year.$3.00$1.46$1.54$0.45$0.43$0.02