Civic Intelligence

Gaines Trace Water District Inc

990 • Fiscal year 2020 • EIN 64-0604340

Jul 01, 2019 to Jun 30, 2020 • Filed on Aug 06, 2020

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

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

26th percentile

0.18x

Higher debt load relative to revenue than 26% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Net Margin

27th percentile

-3.9%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

84th percentile

$23,195

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Asset Growth

41st percentile

-0.5%

Faster asset growth than 41% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

70th percentile

8.9%

Faster revenue growth than 70% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$1,235,025

Down $5,899 (-0.5%) from 2019

Net Assets

Down

$1,207,813

Down $5,814 (-0.5%) from 2019

Liabilities

Down

$27,212

Down $85 (-0.3%) from 2019

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin27th percentile

Revenue

Up

$150,725

Up $12,268 (+8.9%) from 2019

Expenses

Down

$156,539

Down $13,495 (-7.9%) from 2019

Net Income

Up

-$5,814

Up $25,763 (+82%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2020

Assets$1,235,025
Liabilities$27,212
Net Assets$1,207,813
Open 2020 Filing

Operations Trend

Revenue Growth70th 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

2020

Revenue$150,725
Expenses$156,539
Net Income-$5,814
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Aug 6, 2020
Return Version
2019v5.1
Gross Receipts
$150,725
Mission and Program Overview

Mission

PROVIDE Safe drinking WATER TO RURAL AREA

Provide safe water for a rural area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$1,213,627$1,207,813▼ $5,814
Land, Buildings, and Equipment, Net$940,903$905,744▼ $35,159
Savings and Temporary Cash Investments$264,785$271,778▲ $6,993
Cash and Non-Interest-Bearing Accounts$25,669$47,109▲ $21,440
Pledges and Grants Receivable$9,261$10,088▲ $827
Total Assets$1,240,924$1,235,025▼ $5,899
Other Assets Total$306$306→ $0
Liabilities
Other Liabilities$26,150$26,195▲ $45
Accounts Payable and Accrued Expenses$1,147$1,017▼ $130
Total Liabilities$27,297$27,212▼ $85
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,213,627$1,207,813▼ $5,814
Total Liabilities and Net Assets / Fund Balance$1,240,924$1,235,025▼ $5,899

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$23,624--
Land$14,000--
Equipment$868,120$1,132,841-
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ralph DillPresidentPT$23,195$23,195
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$143,732
Investment Income
$6,993
Other Revenue
$0
Change in Net Assets
$-5,814
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,622
Salaries, Compensation, and Employee Benefits$61,134
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$35,159--$35,159
Other Salaries and Wages$33,554--$33,554
Current Officers, Directors, Trustees, and Key Employees-$23,195-$23,195
Insurance$6,038--$6,038
Payroll Taxes$4,385--$4,385
Other Expenses$2,316--$2,316
Office Expenses$1,917--$1,917
Benefits to Members$1,783--$1,783
Conferences and Meetings$1,000--$1,000
All Other Expenses$963--$963
Advertising$499--$499
Fees for Services Accounting$450--$450
Total Functional Expenses$133,344$23,195$0$156,539
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 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
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 6

“All customers are members of the water association.”

PART VI, SECTION A, LINE 7A

“Board members are elected each year.”

PART VI, SECTION A, LINE 8A

“All meetings are recorded and can be attended by any member.”

Part VI, Section B, Line 11

“Provided at annual meeting, but can be viewed by any member and any time.”

Part VI, Section C, Line 19

“Presents them at the annual meeting, but can be viewed at any time.”

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
Phone
6622572288
Signed
2020-08-06
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
4

Preparer

Firm
D M Thomas CPA Pllc
Address
310 3RD ST N, AMORY, MS 38821
Preparer
Matt Thomas
Phone
6622562025
Supplemental Narrative

Additional Explanations

PART IX, LINE 24E

“Bank charges, taxes, licenses, and fuel expense.”

Raw XML Appendix317 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/ExplanationTxt5Presents them at the annual meeting, but can be viewed at any time.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IX, LINE 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI, SECTION A, LINE 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI, SECTION A, LINE 8a
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VI, SECTION C, LINE 19
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ReturnHeader/BuildTS02020-09-22 18:59:49Z
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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/FilingSecurityInformation/AtSubmissionCreationDeviceId03C4AFF2C21B0BF7DA5CDBB65D6F85E09A7ECA4C1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId09999999999999999999999999999999999999999
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0170.253.250.65
ReturnHeader/FilingSecurityInformation/IPDt02020-08-06
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm012:00:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205834679
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0D M THOMAS CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0310 3RD ST N
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AMORY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038821
ReturnHeader/PreparerPersonGrp/PhoneNum06622562025
ReturnHeader/PreparerPersonGrp/PreparationDt02020-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATT THOMAS
ReturnHeader/ReturnTs02020-08-06T11:46:00-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,235,025
Liabilities
$27,212
Net assets
$1,207,813
Revenue
$150,725
Expenses
$156,539
Net income
-$5,814
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