Civic Intelligence

Friendship Community Water System

990 • Fiscal year 2020 • EIN 64-0692612

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileN/A
PO Box 872Mccomb, MS 39649

(601) 684-7399

Siviq Scores

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

Liabilities / Assets

54th percentile

0.28x

Higher debt load relative to assets than 54% of similar nonprofits.

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

Liabilities / Revenue

55th percentile

1.20x

Higher debt load relative to revenue than 55% of similar nonprofits.

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

Net Margin

46th percentile

4.5%

Higher net margin than 46% of similar nonprofits.

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

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

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

Asset Growth

45th percentile

0.1%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

46th percentile

2.8%

Faster revenue growth than 46% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$2,107,688

Up $1,364 (+0.1%) from 2019

Net Assets

Up

$1,514,859

Up $21,959 (+1.5%) from 2019

Liabilities

Down

$592,829

Down $20,595 (-3.4%) from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin46th percentile

Revenue

Up

$492,359

Up $13,608 (+2.8%) from 2019

Expenses

Up

$470,400

Up $37,787 (+8.7%) from 2019

Net Income

Down

$21,959

Down $24,179 (-52%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$6.0M$4.0M$2.0M$0Assets 2014: $1,086,935Liabilities 2014: $176,102Net Assets 2014: $910,8332014Assets 2015: $1,154,248Liabilities 2015: $170,659Net Assets 2015: $983,5892015Assets 2016: $1,291,123Liabilities 2016: $163,109Net Assets 2016: $1,128,0142016Assets 2017: $1,447,002Liabilities 2017: $150,123Net Assets 2017: $1,296,8792017Assets 2018: $2,030,314Liabilities 2018: $583,552Net Assets 2018: $1,446,7622018Assets 2019: $2,106,324Liabilities 2019: $613,424Net Assets 2019: $1,492,9002019Assets 2020: $2,107,688Liabilities 2020: $592,829Net Assets 2020: $1,514,8592020Assets 2021: $2,215,649Liabilities 2021: $608,130Net Assets 2021: $1,607,5192021Assets 2022: $2,346,857Liabilities 2022: $691,574Net Assets 2022: $1,655,2832022Assets 2023: $3,753,546Liabilities 2023: $1,713,575Net Assets 2023: $2,039,9712023Assets 2024: $4,642,928Liabilities 2024: $1,661,827Net Assets 2024: $2,981,1012024

Highlighted filing

2020

Assets$2,107,688
Liabilities$592,829
Net Assets$1,514,859
Open 2020 Filing

Operations Trend

Revenue Growth46th percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $370,770Expenses 2014: $308,591Net Income 2014: $62,1792014Revenue 2015: $376,108Expenses 2015: $303,352Net Income 2015: $72,7562015Revenue 2016: $407,091Expenses 2016: $262,666Net Income 2016: $144,4252016Revenue 2017: $427,750Expenses 2017: $258,883Net Income 2017: $168,8672017Revenue 2018: $469,159Expenses 2018: $319,276Net Income 2018: $149,8832018Revenue 2019: $478,751Expenses 2019: $432,613Net Income 2019: $46,1382019Revenue 2020: $492,359Expenses 2020: $470,400Net Income 2020: $21,9592020Revenue 2021: $510,779Expenses 2021: $418,119Net Income 2021: $92,6602021Revenue 2022: $505,439Expenses 2022: $457,675Net Income 2022: $47,7642022Revenue 2023: $509,002Expenses 2023: $423,911Net Income 2023: $85,0912023Revenue 2024: $507,446Expenses 2024: $523,449Net Income 2024: -$16,0032024

Highlighted filing

2020

Revenue$492,359
Expenses$470,400
Net Income$21,959
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$492,359
Mission and Program Overview

Mission

RURAL WATER ASSOCIATION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,323,763$1,551,258▲ $227,495
Rtn Earn Endowment Incm Other Fnds$1,386,120$1,408,079▲ $21,959
Savings and Temporary Cash Investments$279,409$321,379▲ $41,970
Cash and Non-Interest-Bearing Accounts$250,942$157,297▼ $93,645
Pd in Cap Srpls Land Bldg Eqp Fund$106,780$106,780→ $0
Accounts Receivable$69,943$62,960▼ $6,983
Prepaid Expenses and Deferred Charges$12,698$14,794▲ $2,096
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,106,324$2,107,688▲ $1,364
Other Assets Total$169,569$0▼ $169,569
Liabilities
Mortgage Notes Payable Secured by Investment Property$569,881$550,523▼ $19,358
Other Liabilities$27,156$30,630▲ $3,474
Accounts Payable and Accrued Expenses$16,387$11,676▼ $4,711
Total Liabilities$613,424$592,829▼ $20,595
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,492,900$1,514,859▲ $21,959
Total Liabilities and Net Assets / Fund Balance$2,106,324$2,107,688▲ $1,364

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,305,843$1,338,135$2,643,978
Buildings$114,916$22,116$137,032
Land$105,536-$105,536
Other Land Buildings-$48,601$48,601
Leasehold Improvements$24,963$10,593$35,556
Compensation and Service Providers
Top Officer Pay63rd percentile

Board Members and Trustees

NameTitle
Wayne BusbyPresident
Bobby MckennisVice President
Douglas J SwartsDirector
Gene NormanDirector
Lavaughn HamiltonDirector
Teena BoggsDirector
Stacy McculleySecretary-treas
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$491,212
Investment Income
$1,147
Other Revenue
$0
Change in Net Assets
$21,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$470,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$111,528
All Other Expenses---$44,632
Fees for Services Accounting---$30,656
Other Expenses---$21,667
Interest---$19,102
Insurance---$10,473
Office Expenses---$1,761
Fees for Services Legal---$1,340
Advertising---$1,289
Total Functional Expenses$0$0$0$470,400
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Water Deposits$29,294
Contractor Deposits$604
Sales Tax Payable$515
Other Payable$216
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 is reviewed by all present at a meeting of directors prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization has an annual meeting of members each year. The financial statements and governing documents are made available at the meeting.”

Filing and Contact Details

Filer

Filer Name
Friendship Community Water System
EIN
64-0692612
Phone
6016847399
Address
PO BOX 872, MCCOMB, MS 39649

Signing Officer

Name
Wayne Busby
Title
President
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Alford Holloway & Smith PLLC
Address
104 Commerce Pl, McComb, MS 39648
Preparer
Harrell Hal E Holloway Jr
Phone
6016849721
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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/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt048601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0604
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt129294
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2216
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRACTOR DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER WATER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SALES TAX PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01551258
IRS990ScheduleD/TotalLiabilityAmt030630
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 is reviewed by all present at a meeting of directors prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has an annual meeting of members each year. The financial statements and governing documents are made available at the meeting.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02106324
IRS990/TotalAssetsEOYAmt02107688
IRS990/TotalAssetsGrp/BOYAmt02106324
IRS990/TotalAssetsGrp/EOYAmt02107688
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IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0470400
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0613424
IRS990/TotalLiabilitiesEOYAmt0592829
IRS990/TotalLiabilitiesGrp/BOYAmt0613424
IRS990/TotalLiabilitiesGrp/EOYAmt0592829
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01492900
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01514859
IRS990/TotalProgramServiceRevenueAmt0491212
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0492359
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0492359
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02106324
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02107688
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 872
IRS990/USAddress/CityNm0MCCOMB
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039649
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WAYNE BUSBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDSHIP COMMUNITY WATER SYSTEM
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0640692612
ReturnHeader/Filer/PhoneNum06016847399
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 872
ReturnHeader/Filer/USAddress/CityNm0MCCOMB
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039649
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640934273
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alford Holloway & Smith PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 Commerce Pl
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0McComb
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039648
ReturnHeader/PreparerPersonGrp/PhoneNum06016849721
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Harrell Hal E Holloway Jr
ReturnHeader/ReturnTs02021-11-15T07:30:27-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WAYNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BUSBY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$2,107,688
Liabilities
$592,829
Net assets
$1,514,859
Revenue
$492,359
Expenses
$470,400
Net income
$21,959
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.64$1.66$2.98$0.51$0.52$0.02
2023Detailed filing. Detailed filing data is available for this year.$3.75$1.71$2.04$0.51$0.42$0.09
2022Detailed filing. Detailed filing data is available for this year.$2.35$0.69$1.66$0.51$0.46$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.22$0.61$1.61$0.51$0.42$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.11$0.59$1.51$0.49$0.47$0.02
2019Detailed filing. Detailed filing data is available for this year.$2.11$0.61$1.49$0.48$0.43$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.03$0.58$1.45$0.47$0.32$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.45$0.15$1.30$0.43$0.26$0.17
2016Detailed filing. Detailed filing data is available for this year.$1.29$0.16$1.13$0.41$0.26$0.14
2015Detailed filing. Detailed filing data is available for this year.$1.15$0.17$0.98$0.38$0.30$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.09$0.18$0.91$0.37$0.31$0.06