Civic Intelligence

Toomsuba Water System Inc

EIN 64-0679774 • 501(c)12 • Toomsuba, MS

Profile

Toomsuba water system, inc. Is a rural water associaton which provides water to customers in a rural area in toomsuba, mississippi.

PO Box 520Toomsuba, MS 39364

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.52x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

3.16x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Net Margin

50th percentile

9.5%

Higher net margin than 50% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

32nd percentile

0.2%

Faster asset growth than 32% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

19%

Faster revenue growth than 78% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$5,573,167

Up $11,264 (+0.2%) from 2023

Liabilities

Down

$2,889,247

Down $75,577 (-2.5%) from 2023

Net Assets

Up

$2,683,920

Up $86,841 (+3.3%) from 2023

Operations
Liabilities / Revenue87th percentileNet Margin50th percentile

Revenue

Up

$913,649

Up $145,764 (+19%) from 2023

Expenses

Up

$826,808

Up $25,963 (+3.2%) from 2023

Net Income

Up

$86,841

Up $119,801 (+363%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,007,581Liabilities 2011: $1,883,475Net Assets 2011: $2,124,1062011Assets 2012: $3,875,504Liabilities 2012: $1,848,258Net Assets 2012: $2,027,2462012Assets 2013: $3,785,606Liabilities 2013: $1,813,554Net Assets 2013: $1,972,0522013Assets 2014: $3,653,848Liabilities 2014: $1,705,679Net Assets 2014: $1,948,1692014Assets 2015: $3,613,052Liabilities 2015: $1,659,982Net Assets 2015: $1,953,0702015Assets 2016: $3,569,292Liabilities 2016: $1,611,633Net Assets 2016: $1,957,6592016Assets 2017: $3,472,409Liabilities 2017: $1,545,176Net Assets 2017: $1,927,2332017Assets 2018: $5,507,762Liabilities 2018: $3,414,166Net Assets 2018: $2,093,5962018Assets 2019: $6,067,079Liabilities 2019: $3,331,338Net Assets 2019: $2,735,7412019Assets 2020: $6,037,047Liabilities 2020: $3,235,600Net Assets 2020: $2,801,4472020Assets 2021: $5,918,694Liabilities 2021: $3,140,209Net Assets 2021: $2,778,4852021Assets 2022: $5,673,737Liabilities 2022: $3,043,698Net Assets 2022: $2,630,0392022Assets 2023: $5,561,903Liabilities 2023: $2,964,824Net Assets 2023: $2,597,0792023Assets 2024: $5,573,167Liabilities 2024: $2,889,247Net Assets 2024: $2,683,9202024

Highlighted filing

2024

Assets$5,573,167
Liabilities$2,889,247
Net Assets$2,683,920
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $632,061Expenses 2011: $493,722Net Income 2011: $138,3392011Expenses 2012: $578,1622012Revenue 2013: $497,956Expenses 2013: $553,150Net Income 2013: -$55,1942013Revenue 2014: $527,763Expenses 2014: $551,646Net Income 2014: -$23,8832014Revenue 2015: $537,221Expenses 2015: $532,320Net Income 2015: $4,9012015Revenue 2016: $537,198Expenses 2016: $532,609Net Income 2016: $4,5892016Revenue 2017: $515,157Expenses 2017: $557,929Net Income 2017: -$42,7722017Revenue 2018: $754,742Expenses 2018: $588,379Net Income 2018: $166,3632018Revenue 2019: $1,271,301Expenses 2019: $629,156Net Income 2019: $642,1452019Revenue 2020: $780,783Expenses 2020: $715,077Net Income 2020: $65,7062020Revenue 2021: $668,702Expenses 2021: $691,664Net Income 2021: -$22,9622021Revenue 2022: $597,179Expenses 2022: $745,625Net Income 2022: -$148,4462022Revenue 2023: $767,885Expenses 2023: $800,845Net Income 2023: -$32,9602023Revenue 2024: $913,649Expenses 2024: $826,808Net Income 2024: $86,8412024

Highlighted filing

2024

Revenue$913,649
Expenses$826,808
Net Income$86,841
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,573,167
Liabilities
$2,889,247
Net assets
$2,683,920
Revenue
$913,649
Expenses
$826,808
Net income
$86,841
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.57$2.89$2.68$0.91$0.83$0.09
2023Detailed filing. Detailed filing data is available for this year.$5.56$2.96$2.60$0.77$0.80$0.03
2022Detailed filing. Detailed filing data is available for this year.$5.67$3.04$2.63$0.60$0.75$0.15
2021Detailed filing. Detailed filing data is available for this year.$5.92$3.14$2.78$0.67$0.69$0.02
2020Detailed filing. Detailed filing data is available for this year.$6.04$3.24$2.80$0.78$0.72$0.07
2019Detailed filing. Detailed filing data is available for this year.$6.07$3.33$2.74$1.27$0.63$0.64
2018Detailed filing. Detailed filing data is available for this year.$5.51$3.41$2.09$0.75$0.59$0.17
2017Detailed filing. Detailed filing data is available for this year.$3.47$1.55$1.93$0.52$0.56$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.57$1.61$1.96$0.54$0.53$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.61$1.66$1.95$0.54$0.53$0.00
2014Detailed filing. Detailed filing data is available for this year.$3.65$1.71$1.95$0.53$0.55$0.02
2013Detailed filing. Detailed filing data is available for this year.$3.79$1.81$1.97$0.50$0.55$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$1.85$2.03$0.58
2011Summary only. Only limited summary data is available for this year.$4.01$1.88$2.12$0.63$0.49$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 1, 2025
Return Version
2024v5.0
Gross Receipts
$913,649
Mission and Program Overview

Mission

Toomsuba water system, inc. Is a rural water associaton which provides water to customers in a rural area in toomsuba, mississippi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,411,889$4,296,447▼ $115,442
Savings and Temporary Cash Investments$256,756$543,635▲ $286,879
Cash and Non-Interest-Bearing Accounts$226,131$289,947▲ $63,816
Accounts Receivable$56,244$62,228▲ $5,984
Inventories for Sale or Use$17,518$17,518→ $0
Prepaid Expenses and Deferred Charges$11,939$12,200▲ $261
Total Assets$5,561,903$5,573,167▲ $11,264
Other Assets Total$581,426$351,192▼ $230,234
Liabilities
Unsecured Notes Loans Payable$2,854,059$2,779,131▼ $74,928
Other Liabilities$88,396$92,783▲ $4,387
Accounts Payable and Accrued Expenses$22,369$17,333▼ $5,036
Total Liabilities$2,964,824$2,889,247▼ $75,577
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,597,079$2,683,920▲ $86,841
Total Net Assets Fund Balance$2,597,079$2,683,920▲ $86,841
Total Liabilities and Net Assets / Fund Balance$5,561,903$5,573,167▲ $11,264

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,204,694$4,318,318$8,523,012
Equipment$67,991$427,850$495,841
Land$23,762-$23,762
Other Assets Org$268--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Billy StuckeyVice PresidePT$585$585
Brandon HarperSec/treasurePT$585$585
Tommy SwainDirectorPT$585$585
Wl BarrettPresidentPT$585$585
Andy PippinDirectorPT$360$360
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$788,389
Investment Income
$23,009
Other Revenue
$102,251
Change in Net Assets
$86,841

Audited Revenue Reconciliation

Revenue per Audited Statements
$913,649
Total Revenue per Audited Statements
$913,649
Total Revenue per Form 990
$913,649
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$545,925
Salaries, Compensation, and Employee Benefits$280,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$139,402$78,414-$217,816
Depreciation Depletion$188,792--$188,792
Interest$74,727--$74,727
Insurance$50,322--$50,322
Occupancy$48,837--$48,837
Other Employee Benefits$29,452$16,568-$46,020
All Other Expenses$15,259$10,589-$25,848
Office Expenses$16,135$5,379-$21,514
Payroll Taxes$10,910$6,137-$17,047
Other Expenses$8,440--$8,440
Fees for Services Accounting-$8,040-$8,040
Fees for Services Management-$2,925-$2,925
Total Functional Expenses$698,756$128,052$0$826,808

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$826,808
Total Expenses per Audited Statements$826,808
Total Expenses per Form 990$826,808
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
Meter Deposits$92,783
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Toomsuba water system toomsuba water system president director brothers”

Form 990, Page 6, Part VI, Line 6

“The governing body cosists of 5 independent, voting members.”

Form 990, Page 6, Part VI, Line 7A

“The governing body cosists of 5 independent, voting members.”

Form 990, Page 6, Part VI, Line 11B

“Association provides a complete copy of form 990 to all board members before filing form.”

Form 990, Page 6, Part VI, Line 15A

“Manager's salary is determined by the board of directors”

Form 990, Page 6, Part VI, Line 15B

“Manager's salary is determined by the board of directors”

Form 990, Page 6, Part VI, Line 19

“Governing documents & the conflict of interest policy are available upon request. The audited financial statements are made available for review by toomsuba water system, inc.”

Filing and Contact Details

Filer

Filer Name
Toomsuba Water System Inc
EIN
64-0679774
Phone
6016324366
Address
PO BOX 520, TOOMSUBA, MS 39364

Signing Officer

Name
Wl Barrett
Title
President
Phone
6016324366
Signed
2025-10-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wl Barrett
Formed
1962
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
7

Preparer

Firm
Watkins Ward and Stafford Pllc
Address
900B HIGHWAY 19 S, MERIDIAN, MS 39301-5527
Preparer
Mary G Williams CPA
Phone
6016936105
Supplemental Narrative

Additional Explanations

Form 990, Part III

“Form 990, part iii, section 4d, other program expenses: auto expense 12,890 bad debt expense 6,271 employee benefits 29,452 insurance 50,322 miscellaneous 3,587 office expense 16,135 payroll taxes 10,910 repairs and maintenance 70,796 sales tax 807 telephone 8,440 uniforms 254 utilities 48,837 water analysis fee 4,340 water well supplies 32,794 total 295,835”

Form 990, Page 2, Part III, Line 4D

“Toomsuba water system, inc. Provides water to customers in a rural area in toomsuba, mississippi.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The association is exempt from federal and state income taxes under section 501(c)(12) of the internal revenue code. Accordingly, these financial statements include no provision or liability for income taxes. The association files its form 990 annually with the internal revenue service.”

Raw XML Appendix376 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt022369
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017333
IRS990/AccountsReceivableGrp/BOYAmt056244
IRS990/AccountsReceivableGrp/EOYAmt062228
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TOOMSUBA WATER SYSTEM, INC. IS A RURAL WATER ASSOCIATON WHICH PROVIDES WATER TO CUSTOMERS IN A RURAL AREA IN TOOMSUBA, MISSISSIPPI.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt010589
IRS990/AllOtherExpensesGrp/ProgramServicesAmt015259
IRS990/AllOtherExpensesGrp/TotalAmt025848
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WL BARRET
IRS990/BooksInCareOfDetail/PhoneNum06016324366
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 247
IRS990/BooksInCareOfDetail/USAddress/CityNm0TOOMSUBA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990/BooksInCareOfDetail/USAddress/ZIPCd039364
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0226131
IRS990/CashNonInterestBearingGrp/EOYAmt0289947
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt023009
IRS990/CYOtherExpensesAmt0545925
IRS990/CYOtherRevenueAmt0102251
IRS990/CYProgramServiceRevenueAmt0788389
IRS990/CYRevenuesLessExpensesAmt086841
IRS990/CYSalariesCompEmpBnftPaidAmt0280883
IRS990/CYTotalExpensesAmt0826808
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0913649
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0188792
IRS990/DepreciationDepletionGrp/TotalAmt0188792
IRS990/Desc0DEPRECIATION EXPENSE - DEPRECIATION IS CLAIMED ON THE WATER DISTRIBUTION SYSTEM AND ALL EQUIPMENT REQUIRED TO MAINTAIN AND SERVICE THE WELL, DISTRIBUTION SYSTEM, AND TREATMENT FACILITY. DEPRECIATION IS CLAIMED UTILIZING THE STRAIGHT LINE METHOD OF DEPRECIATION.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0188792
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08040
IRS990/FeesForServicesAccountingGrp/TotalAmt08040
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02925
IRS990/FeesForServicesManagementGrp/TotalAmt02925
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt210.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt310.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt410.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
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/PersonNm0WL BARRETT
IRS990/Form990PartVIISectionAGrp/PersonNm1BRANDON HARPER
IRS990/Form990PartVIISectionAGrp/PersonNm2BILLY STUCKEY
IRS990/Form990PartVIISectionAGrp/PersonNm3TOMMY SWAIN
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDY PIPPIN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0585
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1585
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2585
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3585
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4360
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SEC/TREASURE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01962
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0913649
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt050322
IRS990/InsuranceGrp/TotalAmt050322
IRS990/InterestGrp/ProgramServicesAmt074727
IRS990/InterestGrp/TotalAmt074727
IRS990/InventoriesForSaleOrUseGrp/BOYAmt017518
IRS990/InventoriesForSaleOrUseGrp/EOYAmt017518
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt023009
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt023009
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04746168
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04411889
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04296447
IRS990/LandBldgEquipCostOrOtherBssAmt09042615
IRS990/LegalDomicileStateCd0MS
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0788389
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TOOMSUBA WATER SYSTEM, INC. IS A RURAL WATER ASSOCIATON WHICH PROVIDES WATER TO CUSTOMERS IN A RURAL AREA IN TOOMSUBA, MISSISSIPPI.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02597079
IRS990/NetAssetsOrFundBalancesEOYAmt02683920
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02597079
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02683920
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt048837
IRS990/OccupancyGrp/TotalAmt048837
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05379
IRS990/OfficeExpensesGrp/ProgramServicesAmt016135
IRS990/OfficeExpensesGrp/TotalAmt021514
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0581426
IRS990/OtherAssetsTotalGrp/EOYAmt0351192
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016568
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029452
IRS990/OtherEmployeeBenefitsGrp/TotalAmt046020
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1WATER WELL SUPPLIES
IRS990/OtherExpensesGrp/Desc2AUTO EXPENSE
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ProgramServicesAmt070796
IRS990/OtherExpensesGrp/ProgramServicesAmt132794
IRS990/OtherExpensesGrp/ProgramServicesAmt212890
IRS990/OtherExpensesGrp/ProgramServicesAmt38440
IRS990/OtherExpensesGrp/TotalAmt070796
IRS990/OtherExpensesGrp/TotalAmt132794
IRS990/OtherExpensesGrp/TotalAmt212890
IRS990/OtherExpensesGrp/TotalAmt38440
IRS990/OtherLiabilitiesGrp/BOYAmt088396
IRS990/OtherLiabilitiesGrp/EOYAmt092783
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0101719
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1532
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0101719
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1532
IRS990/OtherRevenueTotalAmt0102251
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt078414
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0139402
IRS990/OtherSalariesAndWagesGrp/TotalAmt0217816
IRS990/OtherSourcesGrossIncomeAmt0125260
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06137
IRS990/PayrollTaxesGrp/ProgramServicesAmt010910
IRS990/PayrollTaxesGrp/TotalAmt017047
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011939
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012200
IRS990/PrincipalOfficerNm0WL BARRETT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0NET WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1METER CHARGES AND FEES
IRS990/ProgramServiceRevenueGrp/Desc2PENALTIES FOR LATE PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc3MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0746157
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124799
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt214808
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32625
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0746157
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt214808
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32625
IRS990/ProgSrvcAccomActy2Grp/Desc0SALARIES EXPENSE - ALL EMPLOYEES OF THE ASSOCIATION WORK FOR THE BETTERMENT OF THE ASSOCIATION TO KEEP THE WELLS RUNNING AND SERVING ALL CUSTOMERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0139402
IRS990/ProgSrvcAccomActy3Grp/Desc0INTEREST EXPENSE - TOOMSUBA WATER SYSTEM, INC. RECENTLY COMPLETED A LARGE EXPANSION AND UPGRADE OF THE WATER SYSTEM. A LARGE PORTION OF THE REVENUE IS USED TO SERVICE THE DEBT TO THIS PROJECT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt074727
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TOOMSUBA WATER SYSTEM, INC. PROVIDES WATER TO CUSTOMERS IN A RURAL AREA IN TOOMSUBA, MISSISSIPPI.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0295835
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt012671
IRS990/PYOtherExpensesAmt0517898
IRS990/PYProgramServiceRevenueAmt0755214
IRS990/PYRevenuesLessExpensesAmt0-32960
IRS990/PYSalariesCompEmpBnftPaidAmt0282947
IRS990/PYTotalExpensesAmt0800845
IRS990/PYTotalRevenueAmt0767885
IRS990/ReconcilationRevenueExpnssAmt086841
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0256756
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0543635
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt067991
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0427850
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0495841
IRS990ScheduleD/ExpensesSubtotalAmt0826808
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt023762
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt023762
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0134448
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt192783
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt279470
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt344223
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4268
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CDS-DEBT SERVICE RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED CASH - METER DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CERTIFICATES OF DEPOSIT - LONG TERM
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESTRICTED CDS-SHORT LIVED ASSET RES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4INTEREST RECEIVABLE ON LONG TERM CDS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04204694
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04318318
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08523012
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt092783
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0METER DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0913649
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THESE FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. THE ASSOCIATION FILES ITS FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04296447
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0351192
IRS990ScheduleD/TotalExpensesPerForm990Amt0826808
IRS990ScheduleD/TotalLiabilityAmt092783
IRS990ScheduleD/TotalRevenuePerForm990Amt0913649
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0913649
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0826808
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART III, SECTION 4D, OTHER PROGRAM EXPENSES: AUTO EXPENSE 12,890 BAD DEBT EXPENSE 6,271 EMPLOYEE BENEFITS 29,452 INSURANCE 50,322 MISCELLANEOUS 3,587 OFFICE EXPENSE 16,135 PAYROLL TAXES 10,910 REPAIRS AND MAINTENANCE 70,796 SALES TAX 807 TELEPHONE 8,440 UNIFORMS 254 UTILITIES 48,837 WATER ANALYSIS FEE 4,340 WATER WELL SUPPLIES 32,794 TOTAL 295,835
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TOOMSUBA WATER SYSTEM, INC. PROVIDES WATER TO CUSTOMERS IN A RURAL AREA IN TOOMSUBA, MISSISSIPPI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TOOMSUBA WATER SYSTEM TOOMSUBA WATER SYSTEM PRESIDENT DIRECTOR BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BODY COSISTS OF 5 INDEPENDENT, VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BODY COSISTS OF 5 INDEPENDENT, VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ASSOCIATION PROVIDES A COMPLETE COPY OF FORM 990 TO ALL BOARD MEMBERS BEFORE FILING FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MANAGER'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MANAGER'S SALARY IS DETERMINED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8GOVERNING DOCUMENTS & THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR REVIEW BY TOOMSUBA WATER SYSTEM, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05561903
IRS990/TotalAssetsEOYAmt05573167
IRS990/TotalAssetsGrp/BOYAmt05561903
IRS990/TotalAssetsGrp/EOYAmt05573167
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0128052
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0698756
IRS990/TotalFunctionalExpensesGrp/TotalAmt0826808
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02964824
IRS990/TotalLiabilitiesEOYAmt02889247
IRS990/TotalLiabilitiesGrp/BOYAmt02964824
IRS990/TotalLiabilitiesGrp/EOYAmt02889247
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02597079
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02683920
IRS990/TotalOtherProgSrvcExpenseAmt0295835
IRS990/TotalProgramServiceExpensesAmt0698756
IRS990/TotalProgramServiceRevenueAmt0788389
IRS990/TotalReportableCompFromOrgAmt02700
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0913649
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0913649
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05561903
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05573167
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt02854059
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt02779131
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 247
IRS990/USAddress/CityNm0TOOMSUBA
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039364
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WL BARRETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06016324366
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TOOMSUBA WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0TOOM
ReturnHeader/Filer/EIN0640679774
ReturnHeader/Filer/PhoneNum06016324366
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 520
ReturnHeader/Filer/USAddress/CityNm0TOOMSUBA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039364
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640394922
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WATKINS WARD AND STAFFORD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0900B HIGHWAY 19 S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MERIDIAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0393015527
ReturnHeader/PreparerPersonGrp/PhoneNum06016936105
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARY G WILLIAMS CPA
ReturnHeader/ReturnTs02025-10-07T13:53:35-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.