Blue Lake Water Association Inc

EIN 64-0792353 • 501(c)12 • Itta Bena, MS

Profile

Water sales to members in rural area.

P O Box 834Itta Bena, MS 38941

n/A

Siviq Scores

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

0.22x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2025

1.00x

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

501(c)12 • <$500k nonprofits • Source year 2025

0.2%

Higher net margin than 42% of similar nonprofits.

501(c)12 • <$500k nonprofits • Source year 2025

Higher top officer pay than 79% of similar nonprofits.

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

501(c)12 • <$500k nonprofits • Source year 2025

-3.1%

Faster asset growth than 40% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2024 to 2025

1.0%

Faster revenue growth than 48% of similar nonprofits.

501(c)12 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet

Liabilities / Assets76th percentile

Assets

Down

$259,763

Down $11,201 (-4.1%) from 2022

Liabilities

Down

$67,027

Down $6,719 (-9.1%) from 2022

Net Assets

No earlier filing loaded for comparison.

Operations

Liabilities / Revenue88th percentile Net Margin42nd percentile

Revenue

$49,530

Up $299 (+0.6%) from 2022

Expenses

$54,012

Up $2,159 (+4.2%) from 2022

Net Income

Down

-$4,482

Down $1,860 (-71%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

Highlighted filing

2023

Assets$259,763

Liabilities$67,027

Net Assets-

Open 2023 Filing

Operations Trend

Revenue Growth48th percentile

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

Highlighted filing

2023

Revenue$49,530

Expenses$54,012

Net Income-$4,482

Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZSummary only. Only limited summary data is available for this year.

Open filing

Assets: $259,763
Liabilities: $67,027
Net assets: -
Revenue: $49,530
Expenses: $54,012
Net income: -$4,482

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2023Summary only. Only limited summary data is available for this year.	$2.60	$0.67		$0.50	$0.54	$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.71	$0.74	$1.97	$0.49	$0.52	$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.79	$0.79	$2.00	$0.49	$0.53	$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.90	$0.86	$2.04	$0.48	$0.52	$0.04
2019Detailed filing. Detailed filing data is available for this year.	$3.02	$0.94	$2.08	$0.46	$0.52	$0.06
2018Detailed filing. Detailed filing data is available for this year.	$3.12	$0.98	$2.14	$0.48	$0.52	$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.21	$1.03	$2.18	$0.46	$0.52	$0.06
2016Summary only. Only limited summary data is available for this year.	$3.32	$1.08		$0.38	$0.46	$0.08
2015Summary only. Only limited summary data is available for this year.	$3.44	$1.12		$0.45	$0.48	$0.03
2014Summary only. Only limited summary data is available for this year.	$3.61	$1.80		$0.37	$0.56	$0.19
2013Summary only. Only limited summary data is available for this year.	$3.75	$1.74		$1.27	$1.49	$0.22
2012Summary only. Only limited summary data is available for this year.	$3.92	$1.97		$0.36	$0.55	$0.20
2011Summary only. Only limited summary data is available for this year.	$4.02	$1.87		$0.38	$0.55	$0.16

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2019 below.

Jump To

Filing Snapshot

Filing Period: Jan 1, 2019 to Dec 31, 2019
Signed: Feb 26, 2020
Return Version: 2019v5.0
Gross Receipts: $46,015

Mission and Program Overview

Mission

Water sales to members in rural area.

Program Services

Description	Grants	Expenses
WATER SALES TO MEMBERS IN RURAL AREA. 101 MEMBERS SERVED, NO PUBLICATIONS ISSUED, ETC.	-	-
WATER SALES TO MEMBERS IN RURAL AREA. 101 MEMBERS SERVED, NO PUBLICATIONS ISSUED, ETC.	-	-

Compensation and Service Providers

Top Officer Pay79th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
OLLIE SEALS	Manager	-	$0	-	-
MILLER CARTER JR	President	-	$0	-	-
GLEN AROMAN	Vice Preside	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Blue Lake Water Association Inc
EIN: 64-0792353
Phone: 6622547790
Address: P O BOX 834, ITTA BENA, MS 38941

Signing Officer

Name: Ollie Seals
Title: Manager
Phone: 6622547943
Signed: 2020-02-26

Preparer

Firm: Fred T Neely & Company Pllc
Address: 105 W PRESIDENT AVE PO BOX 894, GREENWOOD, MS 38935-0894
Preparer: Stribling W Hargett
Phone: 6624537112

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Recovery of bad debt 1,199 total 1,199”

Form 990-ez, Part I, Line 16

“Expenses interest 5,551 water purchases 15,600 water sampling 1,300 insurance - bonds 90 advertising 521 ms dept of health 270 supplies 1,124 repairs and maintenance 20 bank charges 108 miscellaneous 87 non-investment depreciation 11,633 total 36,304”

Form 990-ez, Part I, Line 20

“Prior period adjustment 0”

Form 990-ez, Part II, Line 24

“Accounts receivable 9,267 7,018 less allowance 8,040 6,841 net 1,227 177 buildings and equipment 586,617 586,617 less accumulated depreciation 306,250 318,269 total 281,594 268,525”

Form 990-ez, Part II, Line 26

“Customer deposits 1,995 1,995 interest payable 810 407 mortgage and other notes payable 95,612 91,098”

Form 990-ez, Part III, Line 31

“Water sales to members in rural area. 101 members served, no publications issued, etc.”

Raw XML Appendix112 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
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	OLLIE L SEALS
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	6622547943
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	PO BOX 834
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	ITTA BENA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MS
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	38941
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	30768
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	33255
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-5665
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	2000
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	312362
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	301780
IRS990EZ/GrossReceiptsAmt	0	46015
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	213945
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	208280
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	213945
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	208280
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	387
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	OLLIE SEALS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	MILLER CARTER JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	GLEN AROMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	MANAGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	VICE PRESIDE
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	281594
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	268525
IRS990EZ/OtherExpensesTotalAmt	0	36304
IRS990EZ/OtherRevenueTotalAmt	0	1199
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	WATER SALES TO MEMBERS IN RURAL AREA.
IRS990EZ/ProgramServiceRevenueAmt	0	44816
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	WATER SALES TO MEMBERS IN RURAL AREA. 101 MEMBERS SERVED, NO PUBLICATIONS ISSUED, ETC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	1	WATER SALES TO MEMBERS IN RURAL AREA. 101 MEMBERS SERVED, NO PUBLICATIONS ISSUED, ETC.
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	12989
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	98417
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	93500
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	51680
IRS990EZ/TotalRevenueAmt	0	46015
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	RECOVERY OF BAD DEBT 1,199 TOTAL 1,199
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES INTEREST 5,551 WATER PURCHASES 15,600 WATER SAMPLING 1,300 INSURANCE - BONDS 90 ADVERTISING 521 MS DEPT OF HEALTH 270 SUPPLIES 1,124 REPAIRS AND MAINTENANCE 20 BANK CHARGES 108 MISCELLANEOUS 87 NON-INVESTMENT DEPRECIATION 11,633 TOTAL 36,304
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	PRIOR PERIOD ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	ACCOUNTS RECEIVABLE 9,267 7,018 LESS ALLOWANCE 8,040 6,841 NET 1,227 177 BUILDINGS AND EQUIPMENT 586,617 586,617 LESS ACCUMULATED DEPRECIATION 306,250 318,269 TOTAL 281,594 268,525
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	CUSTOMER DEPOSITS 1,995 1,995 INTEREST PAYABLE 810 407 MORTGAGE AND OTHER NOTES PAYABLE 95,612 91,098
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	WATER SALES TO MEMBERS IN RURAL AREA. 101 MEMBERS SERVED, NO PUBLICATIONS ISSUED, ETC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	4	FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	5	FORM 990-EZ, PART III, LINE 31
ReturnHeader/BuildTS	0	2020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	OLLIE SEALS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	6622547943
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2020-02-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	BLUE LAKE WATER ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt	0	BLUE
ReturnHeader/Filer/EIN	0	640792353
ReturnHeader/Filer/PhoneNum	0	6622547790
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	P O BOX 834
ReturnHeader/Filer/USAddress/CityNm	0	ITTA BENA
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MS
ReturnHeader/Filer/USAddress/ZIPCd	0	38941
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	9FD5085904148609A1A3C96BE0408E07DBEA559E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId	0	35464294252805731958F7C13141D55E8805C40B
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	66.20.248.22
ReturnHeader/FilingSecurityInformation/IPDt	0	2020-03-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	CS
ReturnHeader/FilingSecurityInformation/IPTm	0	08:27:35
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	FRED T NEELY & COMPANY PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	105 W PRESIDENT AVE PO BOX 894
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	GREENWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	389350894
ReturnHeader/PreparerPersonGrp/PhoneNum	0	6624537112
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2020-02-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	STRIBLING W HARGETT
ReturnHeader/ReturnTs	0	2020-03-02T08:27:35-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2019-01-01
ReturnHeader/TaxPeriodEndDt	0	2019-12-31
ReturnHeader/TaxYr	0	2019