Civic Intelligence

Leesburg Water Association Inc

EIN 64-0689064 • 501(c)12 • Pelahatchie, MS

Profile

WATER ASSOCIATION

368 Highway 481Pelahatchie, MS 39145

n/A

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.54x

Higher debt load relative to assets than 83% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

88th percentile

3.10x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2025

Net Margin

68th percentile

19%

Higher net margin than 68% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

501(c)12 • $5M-$10M nonprofits • Source year 2025

Asset Growth

45th percentile

1.9%

Faster asset growth than 45% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

5th percentile

-23%

Faster revenue growth than 5% of similar nonprofits.

501(c)12 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Assets

Up

$7,540,598

Up $140,164 (+1.9%) from 2024

Liabilities

Down

$4,061,099

Down $112,988 (-2.7%) from 2024

Net Assets

Up

$3,479,499

Up $253,152 (+7.8%) from 2024

Revenue

Down

$1,310,411

Down $386,987 (-23%) from 2024

Expenses

Up

$1,057,259

Up $104,033 (+11%) from 2024

Net Income

Down

$253,152

Down $491,020 (-66%) from 2024

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,338,492Liabilities 2011: $1,219,005Net Assets 2011: $1,119,4872011Assets 2012: $2,333,395Liabilities 2012: $1,110,829Net Assets 2012: $1,222,5662012Assets 2013: $2,325,919Liabilities 2013: $1,077,418Net Assets 2013: $1,248,5012013Assets 2014: $2,227,693Liabilities 2014: $917,763Net Assets 2014: $1,309,9302014Assets 2015: $2,169,717Liabilities 2015: $777,643Net Assets 2015: $1,392,0742015Assets 2016: $2,170,817Liabilities 2016: $663,942Net Assets 2016: $1,506,8752016Assets 2017: $2,176,325Liabilities 2017: $571,145Net Assets 2017: $1,605,1802017Assets 2018: $2,101,584Liabilities 2018: $425,206Net Assets 2018: $1,676,3782018Assets 2019: $2,205,770Liabilities 2019: $435,604Net Assets 2019: $1,770,1662019Assets 2020: $2,024,059Liabilities 2020: $130,199Net Assets 2020: $1,893,8602020Assets 2021: $2,275,813Liabilities 2021: $268,068Net Assets 2021: $2,007,7452021Assets 2022: $4,612,167Liabilities 2022: $2,402,242Net Assets 2022: $2,209,9252022Assets 2023: $6,915,534Liabilities 2023: $4,433,359Net Assets 2023: $2,482,1752023Assets 2024: $7,400,434Liabilities 2024: $4,174,087Net Assets 2024: $3,226,3472024Assets 2025: $7,540,598Liabilities 2025: $4,061,099Net Assets 2025: $3,479,4992025

Highlighted filing

2025

Assets$7,540,598
Liabilities$4,061,099
Net Assets$3,479,499

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2011: $694,213Expenses 2011: $603,494Net Income 2011: $90,7192011Expenses 2012: $620,2992012Revenue 2013: $690,801Expenses 2013: $664,866Net Income 2013: $25,9352013Revenue 2014: $725,727Expenses 2014: $664,298Net Income 2014: $61,4292014Revenue 2015: $760,505Expenses 2015: $678,359Net Income 2015: $82,1462015Revenue 2016: $766,636Expenses 2016: $651,835Net Income 2016: $114,8012016Revenue 2017: $734,323Expenses 2017: $636,018Net Income 2017: $98,3052017Revenue 2018: $749,938Expenses 2018: $678,740Net Income 2018: $71,1982018Revenue 2019: $773,936Expenses 2019: $680,148Net Income 2019: $93,7882019Revenue 2020: $844,198Expenses 2020: $720,504Net Income 2020: $123,6942020Revenue 2021: $920,850Expenses 2021: $806,965Net Income 2021: $113,8852021Revenue 2022: $1,100,277Expenses 2022: $898,097Net Income 2022: $202,1802022Revenue 2023: $1,217,754Expenses 2023: $945,504Net Income 2023: $272,2502023Revenue 2024: $1,697,398Expenses 2024: $953,226Net Income 2024: $744,1722024Revenue 2025: $1,310,411Expenses 2025: $1,057,259Net Income 2025: $253,1522025

Highlighted filing

2025

Revenue$1,310,411
Expenses$1,057,259
Net Income$253,152

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.54$4.06$3.48$1.31$1.06$0.25
2024Detailed filing. Detailed filing data is available for this year.$7.40$4.17$3.23$1.70$0.95$0.74
2023Detailed filing. Detailed filing data is available for this year.$6.92$4.43$2.48$1.22$0.95$0.27
2022Detailed filing. Detailed filing data is available for this year.$4.61$2.40$2.21$1.10$0.90$0.20
2021Detailed filing. Detailed filing data is available for this year.$2.28$0.27$2.01$0.92$0.81$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.13$1.89$0.84$0.72$0.12
2019Detailed filing. Detailed filing data is available for this year.$2.21$0.44$1.77$0.77$0.68$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.10$0.43$1.68$0.75$0.68$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.18$0.57$1.61$0.73$0.64$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.17$0.66$1.51$0.77$0.65$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.17$0.78$1.39$0.76$0.68$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.23$0.92$1.31$0.73$0.66$0.06
2013Detailed filing. Detailed filing data is available for this year.$2.33$1.08$1.25$0.69$0.66$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$1.11$1.22$0.62
2011Summary only. Only limited summary data is available for this year.$2.34$1.22$1.12$0.69$0.60$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 13, 2026
Return Version
2025v4.1
Gross Receipts
$1,310,411
Mission and Program Overview

Mission

WATER ASSOCIATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,045,425$5,888,386▼ $157,039
Rtn Earn Endowment Incm Other Fnds$3,226,347$3,479,499▲ $253,152
Savings and Temporary Cash Investments$595,788$907,833▲ $312,045
Cash and Non-Interest-Bearing Accounts$646,726$630,656▼ $16,070
Accounts Receivable$112,495$113,723▲ $1,228
Total Assets$7,400,434$7,540,598▲ $140,164
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,020,950$3,907,161▼ $113,789
Other Liabilities$122,572$124,597▲ $2,025
Accounts Payable and Accrued Expenses$17,444$19,737▲ $2,293
Deferred Revenue$13,121$9,604▼ $3,517
Total Liabilities$4,174,087$4,061,099▼ $112,988
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,226,347$3,479,499▲ $253,152
Total Liabilities and Net Assets / Fund Balance$7,400,434$7,540,598▲ $140,164

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,341,314$3,558,032$8,899,346
Equipment$312,605-$312,605
Buildings$161,167-$161,167
Land$61,500-$61,500
Leasehold Improvements$11,800-$11,800
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karen LampkinPresident
Alvin WilleyVice President
Corey R LumBoard Member
Jeff AdamsBoard Member
Shelly CumberlandSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,200,111
Investment Income
$36,137
Other Revenue
$74,163
Change in Net Assets
$253,152

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,310,411
Total Revenue per Audited Statements
$1,310,411
Total Revenue per Form 990
$1,310,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$699,078
Salaries, Compensation, and Employee Benefits$358,181
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$308,787--$308,787
Depreciation Depletion$223,959--$223,959
Interest$83,837--$83,837
Insurance$34,534--$34,534
Payroll Taxes$33,181--$33,181
Office Expenses$27,912--$27,912
Fees for Services Other$27,349--$27,349
All Other Expenses$23,921--$23,921
Other Expenses$17,872--$17,872
Other Employee Benefits$16,213--$16,213
Fees for Services Accounting$8,030--$8,030
Conferences and Meetings$2,241--$2,241
Occupancy$550--$550
Total Functional Expenses$1,057,259$0$0$1,057,259

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,057,259
Total Expenses per Audited Statements$1,057,259
Total Expenses per Form 990$1,057,259
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$124,597
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
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

Members or stockholder classes and rights Part VI line 6

Each household represents and constitutes being a voting memeber of the association.

Member election for additional members Part VI line 7A

Board members are elected at the annual stockholders meeting each year for a designated term. Nominations are made at the meeting and then voted on.

Governing body decisions Part VI line 7B

The members ratify actions of the board at their annual meeting.

Form 990 governing body review Part VI line 11

The 990 is given to the board and they review it at their regular board meeting.

Governing documents etc available to public Part VI line 19

The governing documents are available on the ms secretary of state website and also upon request. The financial statements are available at the local library and also upon request at the association office.

Filing and Contact Details

Filer

Filer Name
Leesburg Water Association Inc
EIN
64-0689064
In Care Of
% KAREN LAMPKIN
Phone
6018548729
Address
368 HIGHWAY 481, PELAHATCHIE, MS 39145

Signing Officer

Name
Karen Lampkin
Title
President
Phone
6019398676
Signed
2026-03-13
Discuss with paid preparer
Yes

Organization Details

Formed
1967
Legal Domicile
Ms
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Windham and Lacey PLLC
Address
2708 Old Brandon Road, Pearl, MS 39208
Preparer
Benjamin C Windham
Phone
6019398676
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH HOUSEHOLD REPRESENTS AND CONSTITUTES BEING A VOTING MEMEBER OF THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS ARE ELECTED AT THE ANNUAL STOCKHOLDERS MEETING EACH YEAR FOR A DESIGNATED TERM. NOMINATIONS ARE MADE AT THE MEETING AND THEN VOTED ON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS RATIFY ACTIONS OF THE BOARD AT THEIR ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS GIVEN TO THE BOARD AND THEY REVIEW IT AT THEIR REGULAR BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING DOCUMENTS ARE AVAILABLE ON THE MS SECRETARY OF STATE WEBSITE AND ALSO UPON REQUEST. THE FINANCIAL STATEMENTS ARE AVAILABLE AT THE LOCAL LIBRARY AND ALSO UPON REQUEST AT THE ASSOCIATION OFFICE.
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/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN LAMPKIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06019398676
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LEESBURG WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LEES
ReturnHeader/Filer/EIN0640689064
ReturnHeader/Filer/InCareOfNm0% KAREN LAMPKIN
ReturnHeader/Filer/PhoneNum06018548729
ReturnHeader/Filer/USAddress/AddressLine1Txt0368 HIGHWAY 481
ReturnHeader/Filer/USAddress/CityNm0PELAHATCHIE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640929901
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Windham and Lacey PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02708 Old Brandon Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pearl
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039208
ReturnHeader/PreparerPersonGrp/PhoneNum06019398676
ReturnHeader/PreparerPersonGrp/PreparationDt02026-04-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BENJAMIN C WINDHAM
ReturnHeader/ReturnTs02026-04-21T15:16:02-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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