Civic Intelligence

Gaines Trace Water District Inc

990 • Fiscal year 2015 • EIN 64-0604340

Jul 01, 2014 to Jun 30, 2015 • Filed on Aug 07, 2015

Organization Profile
60019 Clark CircleSmithville, MS 38870

(662) 257-2288

Siviq Scores

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

Liabilities / Assets

15th percentile

0.02x

Higher debt load relative to assets than 15% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

0.17x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Net Margin

38th percentile

-1.6%

Higher net margin than 38% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

81st percentile

$18,765

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-14%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

40th percentile

0.7%

Faster revenue growth than 40% of similar nonprofits.

2015 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets15th percentile

Assets

Down

$1,309,351

Down $205,026 (-14%) from 2014

Net Assets

Down

$1,284,360

Down $2,302 (-0.2%) from 2014

Liabilities

Down

$24,991

Down $202,724 (-89%) from 2014

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin38th percentile

Revenue

Up

$144,063

Up $991 (+0.7%) from 2014

Expenses

Down

$146,365

Down $23,250 (-14%) from 2014

Net Income

Up

-$2,302

Up $24,241 (+91%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,636,757Liabilities 2010: $330,909Net Assets 2010: $1,305,8482010Assets 2011: $1,608,540Liabilities 2011: $300,089Net Assets 2011: $1,308,4512011Assets 2012: $1,605,935Liabilities 2012: $293,378Net Assets 2012: $1,312,5572012Assets 2013: $1,573,997Liabilities 2013: $260,792Net Assets 2013: $1,313,2052013Assets 2014: $1,514,377Liabilities 2014: $227,715Net Assets 2014: $1,286,6622014Assets 2015: $1,309,351Liabilities 2015: $24,991Net Assets 2015: $1,284,3602015Assets 2016: $1,294,663Liabilities 2016: $25,632Net Assets 2016: $1,269,0312016Assets 2017: $1,281,318Liabilities 2017: $27,034Net Assets 2017: $1,254,2842017Assets 2018: $1,272,266Liabilities 2018: $27,062Net Assets 2018: $1,245,2042018Assets 2019: $1,240,924Liabilities 2019: $27,297Net Assets 2019: $1,213,6272019Assets 2020: $1,235,025Liabilities 2020: $27,212Net Assets 2020: $1,207,8132020Assets 2021: $1,234,763Liabilities 2021: $28,889Net Assets 2021: $1,205,8742021Assets 2022: $1,242,727Liabilities 2022: $41,632Net Assets 2022: $1,201,0952022Assets 2023: $1,214,163Liabilities 2023: $31,541Net Assets 2023: $1,182,6222023Assets 2024: $1,189,247Liabilities 2024: $27,112Net Assets 2024: $1,162,1352024Assets 2025: $1,139,932Liabilities 2025: $27,585Net Assets 2025: $1,112,3472025

Highlighted filing

2015

Assets$1,309,351
Liabilities$24,991
Net Assets$1,284,360
Open 2015 Filing

Operations Trend

Revenue Growth40th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $105,5172010Expenses 2011: $105,6302011Expenses 2012: $127,9222012Revenue 2013: $132,793Expenses 2013: $132,145Net Income 2013: $6482013Revenue 2014: $143,072Expenses 2014: $169,615Net Income 2014: -$26,5432014Revenue 2015: $144,063Expenses 2015: $146,365Net Income 2015: -$2,3022015Revenue 2016: $136,790Expenses 2016: $152,119Net Income 2016: -$15,3292016Revenue 2017: $151,711Expenses 2017: $166,458Net Income 2017: -$14,7472017Revenue 2018: $150,126Expenses 2018: $159,206Net Income 2018: -$9,0802018Revenue 2019: $138,457Expenses 2019: $170,034Net Income 2019: -$31,5772019Revenue 2020: $150,725Expenses 2020: $156,539Net Income 2020: -$5,8142020Revenue 2021: $148,549Expenses 2021: $150,488Net Income 2021: -$1,9392021Revenue 2022: $157,114Expenses 2022: $161,893Net Income 2022: -$4,7792022Revenue 2023: $164,154Expenses 2023: $182,627Net Income 2023: -$18,4732023Revenue 2024: $164,526Expenses 2024: $185,013Net Income 2024: -$20,4872024Revenue 2025: $150,924Expenses 2025: $200,712Net Income 2025: -$49,7882025

Highlighted filing

2015

Revenue$144,063
Expenses$146,365
Net Income-$2,302
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Aug 7, 2015
Return Version
2014v5.0
Gross Receipts
$144,063
Mission and Program Overview

Mission

PROVIDE Safe drinking WATER TO RURAL AREA

Provide water for a rural area

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,286,662$1,284,360▼ $2,302
Land, Buildings, and Equipment, Net$1,144,802$1,096,715▼ $48,087
Savings and Temporary Cash Investments$292,742$106,225▼ $186,517
Cash and Non-Interest-Bearing Accounts$56,112$85,072▲ $28,960
Pledges and Grants Receivable$20,415$21,033▲ $618
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,514,377$1,309,351▼ $205,026
Other Assets Total$306$306→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$203,937--
Other Liabilities$23,239$23,745▲ $506
Accounts Payable and Accrued Expenses$539$1,246▲ $707
Total Liabilities$227,715$24,991▼ $202,724
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,286,662$1,284,360▼ $2,302
Total Liabilities and Net Assets / Fund Balance$1,514,377$1,309,351▼ $205,026

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,624--
Other Land Buildings$1,008,062$937,870-
Land$14,000--
Equipment$51,029--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015----$0
2014----$0
2013----$0
2012----$0
2011----$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ralph DillPresidentPT$18,765$18,765
Charles MarshallSecretary-$396$396
Glen DevallDirector-$396$396
Harold StandiferDirector-$396$396
Kerry MitchellDirector-$396$396
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$143,892
Investment Income
$171
Other Revenue
$0
Change in Net Assets
$-2,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$102,759
Salaries, Compensation, and Employee Benefits$43,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$48,087--$48,087
Other Salaries and Wages$21,745--$21,745
Current Officers, Directors, Trustees, and Key Employees-$18,765-$18,765
All Other Expenses$5,231--$5,231
Insurance$5,170--$5,170
Payroll Taxes$3,096--$3,096
Interest$1,598--$1,598
Other Expenses$1,021--$1,021
Office Expenses$720--$720
Advertising$250--$250
Total Functional Expenses$127,600$18,765$0$146,365

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 6

“All customers are also members of the water association.”

PART VI, SECTION A, LINE 7A

“All board members are nominated and voted upon.”

Part VI, Section B, Line 11

“990 is presented to the board members at the annual meeting.”

Filing and Contact Details

Filer

Filer Name
Gaines Trace Water District
EIN
64-0604340
Phone
6622572288
Address
60019 CLARK CIRCLE, SMITHVILLE, MS 38870

Signing Officer

Name
Ralph Dill
Title
President
Signed
2015-08-07
Discuss with paid preparer
No

Organization Details

Principal Officer
Ralph Dill
Formed
1977
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
D M Thomas CPA Pllc
Address
802 N MAIN ST STE 1, AMORY, MS 38821-0000
Preparer
Matt Thomas
Phone
6622562025
Raw XML Appendix400 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/EquipmentGrp/BookValueAmt051029
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt051029
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt014000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt014000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01008062
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0937870
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01945932
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt00
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01096715
IRS990ScheduleD/TotalBookValueOtherAssetsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt00
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SubstantiationRequiredInd0true
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd0true
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL CUSTOMERS ARE ALSO MEMBERS OF THE WATER ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE NOMINATED AND VOTED UPON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 IS PRESENTED TO THE BOARD MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION B, LINE 11
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01514377
IRS990/TotalAssetsEOYAmt01309351
IRS990/TotalAssetsGrp/BOYAmt01514377
IRS990/TotalAssetsGrp/EOYAmt01309351
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018765
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0127600
IRS990/TotalFunctionalExpensesGrp/TotalAmt0146365
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesBOYAmt0227715
IRS990/TotalLiabilitiesEOYAmt024991
IRS990/TotalLiabilitiesGrp/BOYAmt0227715
IRS990/TotalLiabilitiesGrp/EOYAmt024991
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01286662
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01284360
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt00
IRS990/TotalProgramServiceRevenueAmt0143892
IRS990/TotalReportableCompFromOrgAmt020349
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0144063
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01514377
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01309351
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt060019 CLARK CIR
IRS990/USAddress/CityNm0SMITHVILLE
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038870
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
IRS990/WrittenPolicyOrProcedureInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0RALPH DILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GAINES TRACE WATER DISTRICT
ReturnHeader/Filer/BusinessNameControlTxt0GAIN
ReturnHeader/Filer/EIN0640604340
ReturnHeader/Filer/PhoneNum06622572288
ReturnHeader/Filer/USAddress/AddressLine1Txt060019 CLARK CIRCLE
ReturnHeader/Filer/USAddress/CityNm0SMITHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038870
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0D M THOMAS CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0802 N MAIN ST STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMORY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0388210000
ReturnHeader/PreparerPersonGrp/PhoneNum06622562025
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATT THOMAS
ReturnHeader/ReturnTs02015-08-07T16:05:33-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
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
$1,309,351
Liabilities
$24,991
Net assets
$1,284,360
Revenue
$144,063
Expenses
$146,365
Net income
-$2,302
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.14$0.03$1.11$0.15$0.20$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.19$0.03$1.16$0.16$0.19$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.21$0.03$1.18$0.16$0.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.24$0.04$1.20$0.16$0.16$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.23$0.03$1.21$0.15$0.15$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.24$0.03$1.21$0.15$0.16$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.03$1.21$0.14$0.17$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.25$0.15$0.16$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.28$0.03$1.25$0.15$0.17$0.01
2016Summary only. Only limited summary data is available for this year.$1.29$0.03$1.27$0.14$0.15$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.31$0.02$1.28$0.14$0.15$0.00
2014Summary only. Only limited summary data is available for this year.$1.51$0.23$1.29$0.14$0.17$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.26$1.31$0.13$0.13$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.29$1.31$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.30$1.31$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.33$1.31$0.11