Civic Intelligence

North Lee Water Assn

990 • Fiscal year 2015 • EIN 64-6143695

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

1004 Birmingham Ridge RoadSaltillo, MS 38866

(662) 869-1223

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.60x

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

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

2.91x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Net Margin

27th percentile

-4.2%

Higher net margin than 27% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Asset Growth

98th percentile

69%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-8.0%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$7,613,814

Up $3,099,382 (+69%) from 2014

Net Assets

Down

$3,033,570

Down $69,914 (-2.3%) from 2014

Liabilities

Up

$4,580,244

Up $3,169,296 (+225%) from 2014

Revenue

Down

$1,572,643

Down $136,936 (-8.0%) from 2014

Expenses

Up

$1,638,469

Up $139,146 (+9.3%) from 2014

Net Income

Down

-$65,826

Down $276,082 (-131%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $2,779,274Liabilities 2011: $296,417Net Assets 2011: $2,482,8572011Assets 2012: $2,712,090Liabilities 2012: $265,629Net Assets 2012: $2,446,4612012Assets 2013: $4,098,247Liabilities 2013: $1,205,019Net Assets 2013: $2,893,2282013Assets 2014: $4,514,432Liabilities 2014: $1,410,948Net Assets 2014: $3,103,4842014Assets 2015: $7,613,814Liabilities 2015: $4,580,244Net Assets 2015: $3,033,5702015Assets 2016: $8,692,939Liabilities 2016: $2,620,979Net Assets 2016: $6,071,9602016Assets 2017: $8,742,148Liabilities 2017: $2,654,542Net Assets 2017: $6,087,6062017Assets 2018: $8,762,182Liabilities 2018: $2,567,524Net Assets 2018: $6,194,6582018Assets 2019: $8,945,260Liabilities 2019: $2,501,616Net Assets 2019: $6,443,6442019Assets 2020: $8,942,805Liabilities 2020: $2,368,092Net Assets 2020: $6,574,7132020Assets 2021: $9,104,970Liabilities 2021: $2,349,469Net Assets 2021: $6,755,5012021Assets 2022: $9,195,944Liabilities 2022: $2,259,155Net Assets 2022: $6,936,7892022Assets 2023: $9,257,629Liabilities 2023: $2,105,620Net Assets 2023: $7,152,0092023Assets 2024: $10,646,438Liabilities 2024: $2,173,397Net Assets 2024: $8,473,0412024Assets 2025: $11,761,400Liabilities 2025: $1,969,048Net Assets 2025: $9,792,3522025

Highlighted filing

2015

Assets$7,613,814
Liabilities$4,580,244
Net Assets$3,033,570

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,078,0312011Expenses 2012: $1,455,8062012Expenses 2013: $1,328,9302013Revenue 2014: $1,709,579Expenses 2014: $1,499,323Net Income 2014: $210,2562014Revenue 2015: $1,572,643Expenses 2015: $1,638,469Net Income 2015: -$65,8262015Revenue 2016: $4,524,047Expenses 2016: $1,485,657Net Income 2016: $3,038,3902016Revenue 2017: $1,413,719Expenses 2017: $1,398,073Net Income 2017: $15,6462017Revenue 2018: $1,503,776Expenses 2018: $1,396,724Net Income 2018: $107,0522018Revenue 2019: $1,752,766Expenses 2019: $1,503,780Net Income 2019: $248,9862019Revenue 2020: $1,630,287Expenses 2020: $1,499,218Net Income 2020: $131,0692020Revenue 2021: $1,637,415Expenses 2021: $1,456,627Net Income 2021: $180,7882021Revenue 2022: $1,816,757Expenses 2022: $1,635,469Net Income 2022: $181,2882022Revenue 2023: $1,890,735Expenses 2023: $1,675,515Net Income 2023: $215,2202023Revenue 2024: $3,016,795Expenses 2024: $1,695,763Net Income 2024: $1,321,0322024Revenue 2025: $3,242,714Expenses 2025: $1,923,403Net Income 2025: $1,319,3112025

Highlighted filing

2015

Revenue$1,572,643
Expenses$1,638,469
Net Income-$65,826
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$1,579,071
Mission and Program Overview

Mission

To provide clean water to residents of north lee county, mississippi

Organized to provide clean water to residents of north lee county, mississippi

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,339,174$5,829,023▲ $2,489,849
Rtn Earn Endowment Incm Other Fnds$3,091,224$3,021,310▼ $69,914
Cash and Non-Interest-Bearing Accounts$200,633$1,175,369▲ $974,736
Savings and Temporary Cash Investments$576,461$254,548▼ $321,913
Accounts Receivable$250,953$253,952▲ $2,999
Inventories for Sale or Use$77,209$66,360▼ $10,849
Investments Program Related$56,802--
Prepaid Expenses and Deferred Charges$12,700$32,042▲ $19,342
Cap Stk Tr Prin Current Funds$12,260$12,260→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$4,514,432$7,613,814▲ $3,099,382
Other Assets Total$500$2,520▲ $2,020
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,085,886$4,032,432▲ $2,946,546
Accounts Payable and Accrued Expenses$104,144$341,374▲ $237,230
Other Liabilities$220,918$206,438▼ $14,480
Total Liabilities$1,410,948$4,580,244▲ $3,169,296
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,103,484$3,033,570▼ $69,914
Total Liabilities and Net Assets / Fund Balance$4,514,432$7,613,814▲ $3,099,382

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,628,060$3,350,601$8,978,661
Land$159,785-$159,785
Buildings$41,178$33,480$74,658
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,563,269
Investment Income
$8,795
Other Revenue
$579
Change in Net Assets
$-65,826

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,572,643
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,572,643
Total Revenue per Form 990
$1,572,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,296,959
Salaries, Compensation, and Employee Benefits$341,510
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal---$322,738
Other Salaries and Wages---$307,359
Depreciation Depletion---$274,841
Insurance---$53,615
Interest---$51,394
All Other Expenses---$50,449
Payroll Taxes---$28,822
Other Expenses---$25,155
Office Expenses---$20,281
Other Employee Benefits---$5,329
Advertising---$2,651
Total Functional Expenses$0$0$0$1,638,469

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,638,469
Total Expenses per Audited Statements$1,638,469
Total Expenses per Form 990$1,638,469
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Deposits$203,488
Customer Deposits-sewer$2,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Each customer of the association is also a member of the association with the right to vote on the board

Form 990, Part VI, Section A, Line 7A

The members of the associaiton vote on the board, but not on the board decisions.

Form 990, Part VI, Section A, Line 8B

There are no subcommittees

Form 990, Part VI, Section B, Line 11

A copy of the form 990 was provided to the board for review prior to filing

Form 990, Part VI, Section B, Line 12C

The organization has a conflict of interest policy. In situations where there may be a potential conflict of interest, the board is required to approve the transaction. If a director is involved in the transaction, that director is required to recuse himself. Potential conflicts of interest are discouraged by the organization.

Form 990, Part VI, Section C, Line 19

The organization makes its public documents, including form 990, available to the public upon request. This year's 990 will be posted on the organization's website.

Filing and Contact Details

Filer

Filer Name
North Lee Water Assn
EIN
64-6143695
Phone
6628691223
Address
1004 BIRMINGHAM RIDGE ROAD, SALTILLO, MS 38866

Signing Officer

Name
Terry Gurley
Title
Vice President
Phone
6628691223
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Gurley
Formed
1966
Legal Domicile
Ms
Voting Board Members
9
Independent Board Members
9
Employees
21
Volunteers
0

Preparer

Firm
Franks Franks Jarrell & Wilemon Pa
Address
PO BOX 731, TUPELO, MS 38802
Preparer
P Greg Jarrell
Phone
6628445226
Raw XML Appendix371 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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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-65826
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03091224
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03021310
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0576461
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0254548
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt041178
IRS990ScheduleD/BuildingsGrp/DepreciationAmt033480
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt074658
IRS990ScheduleD/EquipmentGrp/BookValueAmt05628060
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03350601
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08978661
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01638469
IRS990ScheduleD/LandGrp/BookValueAmt0159785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0159785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0203488
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS-SEWER
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01572643
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05829023
IRS990ScheduleD/TotalExpensesPerForm990Amt01638469
IRS990ScheduleD/TotalLiabilityAmt0206438
IRS990ScheduleD/TotalRevenuePerForm990Amt01572643
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01572643
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01638469
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EACH CUSTOMER OF THE ASSOCIATION IS ALSO A MEMBER OF THE ASSOCIATION WITH THE RIGHT TO VOTE ON THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF THE ASSOCIAITON VOTE ON THE BOARD, BUT NOT ON THE BOARD DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO SUBCOMMITTEES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY. IN SITUATIONS WHERE THERE MAY BE A POTENTIAL CONFLICT OF INTEREST, THE BOARD IS REQUIRED TO APPROVE THE TRANSACTION. IF A DIRECTOR IS INVOLVED IN THE TRANSACTION, THAT DIRECTOR IS REQUIRED TO RECUSE HIMSELF. POTENTIAL CONFLICTS OF INTEREST ARE DISCOURAGED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS PUBLIC DOCUMENTS, INCLUDING FORM 990, AVAILABLE TO THE PUBLIC UPON REQUEST. THIS YEAR'S 990 WILL BE POSTED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04514432
IRS990/TotalAssetsEOYAmt07613814
IRS990/TotalAssetsGrp/BOYAmt04514432
IRS990/TotalAssetsGrp/EOYAmt07613814
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt021
IRS990/TotalFunctionalExpensesGrp/TotalAmt01638469
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01410948
IRS990/TotalLiabilitiesEOYAmt04580244
IRS990/TotalLiabilitiesGrp/BOYAmt01410948
IRS990/TotalLiabilitiesGrp/EOYAmt04580244
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03103484
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03033570
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01563269
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01571678
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01572643
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04514432
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07613814
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01004 BIRMINGHAM RIDGE ROAD
IRS990/USAddress/CityNm0SALTILLO
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038866
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY GURLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06628691223
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH LEE WATER ASSN
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0646143695
ReturnHeader/Filer/PhoneNum06628691223
ReturnHeader/Filer/USAddress/AddressLine1Txt01004 BIRMINGHAM RIDGE ROAD
ReturnHeader/Filer/USAddress/CityNm0SALTILLO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd038866
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640736635
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRANKS FRANKS JARRELL & WILEMON PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 731
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUPELO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038802
ReturnHeader/PreparerPersonGrp/PhoneNum06628445226
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0P GREG JARRELL
ReturnHeader/ReturnTs02015-11-16T14:41:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.8$1.97$9.79$3.24$1.92$1.32
2024Detailed filing. Detailed filing data is available for this year.$10.6$2.17$8.47$3.02$1.70$1.32
2023Detailed filing. Detailed filing data is available for this year.$9.26$2.11$7.15$1.89$1.68$0.22
2022Detailed filing. Detailed filing data is available for this year.$9.20$2.26$6.94$1.82$1.64$0.18
2021Detailed filing. Detailed filing data is available for this year.$9.10$2.35$6.76$1.64$1.46$0.18
2020Detailed filing. Detailed filing data is available for this year.$8.94$2.37$6.57$1.63$1.50$0.13
2019Detailed filing. Detailed filing data is available for this year.$8.95$2.50$6.44$1.75$1.50$0.25
2018Detailed filing. Detailed filing data is available for this year.$8.76$2.57$6.19$1.50$1.40$0.11
2017Detailed filing. Detailed filing data is available for this year.$8.74$2.65$6.09$1.41$1.40$0.02
2016Detailed filing. Detailed filing data is available for this year.$8.69$2.62$6.07$4.52$1.49$3.04
2015Detailed filing. Detailed filing data is available for this year.$7.61$4.58$3.03$1.57$1.64$0.07
2014Detailed filing. Detailed filing data is available for this year.$4.51$1.41$3.10$1.71$1.50$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.10$1.21$2.89$1.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.71$0.27$2.45$1.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.30$2.48$1.08
Peer Organizations

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