Civic Intelligence

North Lee Water Assn

990 • Fiscal year 2017 • EIN 64-6143695

Jul 01, 2016 to Jun 30, 2017 • Filed on May 11, 2018

Organization ProfileN/A
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

51st percentile

0.30x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

1.88x

Higher debt load relative to revenue than 61% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Net Margin

37th percentile

1.1%

Higher net margin than 37% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$48,000

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2017

Asset Growth

52nd percentile

0.6%

Faster asset growth than 52% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-69%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$8,742,148

Up $49,209 (+0.6%) from 2016

Net Assets

Up

$6,087,606

Up $15,646 (+0.3%) from 2016

Liabilities

Up

$2,654,542

Up $33,563 (+1.3%) from 2016

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin37th percentile

Revenue

Down

$1,413,719

Down $3,110,328 (-69%) from 2016

Expenses

Down

$1,398,073

Down $87,584 (-5.9%) from 2016

Net Income

Down

$15,646

Down $3,022,744 (-99%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

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

2017

Assets$8,742,148
Liabilities$2,654,542
Net Assets$6,087,606
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

2017

Revenue$1,413,719
Expenses$1,398,073
Net Income$15,646
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 11, 2018
Return Version
2016v3.0
Gross Receipts
$1,413,719
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$6,620,946$6,424,809▼ $196,137
Rtn Earn Endowment Incm Other Fnds$6,059,700$6,075,346▲ $15,646
Cash and Non-Interest-Bearing Accounts$1,226,984$1,487,499▲ $260,515
Savings and Temporary Cash Investments$465,267$461,983▼ $3,284
Accounts Receivable$245,278$227,413▼ $17,865
Inventories for Sale or Use$99,184$96,625▼ $2,559
Prepaid Expenses and Deferred Charges$32,756$41,425▲ $8,669
Cap Stk Tr Prin Current Funds$12,260$12,260→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$8,692,939$8,742,148▲ $49,209
Other Assets Total$2,524$2,394▼ $130
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,059,021$2,275,408▲ $216,387
Other Liabilities$217,717$214,272▼ $3,445
Accounts Payable and Accrued Expenses$344,241$164,862▼ $179,379
Total Liabilities$2,620,979$2,654,542▲ $33,563
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,071,960$6,087,606▲ $15,646
Total Liabilities and Net Assets / Fund Balance$8,692,939$8,742,148▲ $49,209

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,186,004$3,943,982$10,129,986
Land$159,785-$159,785
Buildings$79,020-$79,020
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseTotal
B J BuseManagerFT$48,000$48,000

Board Members and Trustees

NameTitle
David MorganPresident
Terry GurleyVice President
Dale BrockMember
John LongMember
John RobbinsMember
John SheffieldMember
Matthew StringerMember
Paul AnglinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,406,165
Investment Income
$6,759
Other Revenue
$795
Change in Net Assets
$15,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,043,029
Salaries, Compensation, and Employee Benefits$355,044
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$354,020
Other Salaries and Wages---$325,378
Interest---$68,611
Insurance---$66,834
Fees for Services Legal---$53,635
All Other Expenses---$37,120
Payroll Taxes---$24,475
Office Expenses---$21,567
Other Expenses---$19,678
Other Employee Benefits---$5,191
Advertising---$1,049
Total Functional Expenses$0$0$0$1,398,073
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$193,839
Accrued Expenses$16,783
Customer Deposits-sewer$3,650
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 11B

“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
David Morgan
Title
President
Phone
6628691223
Signed
2018-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Morgan
Formed
1966
Legal Domicile
Ms
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
0

Preparer

Firm
Franks Franks Jarrell & Wilemon Pa
Address
PO BOX 731, TUPELO, MS 38802
Preparer
Bryon Wilemon
Phone
6628445226
Raw XML Appendix361 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
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0461983
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt079020
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt079020
IRS990ScheduleD/EquipmentGrp/BookValueAmt06186004
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03943982
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010129986
IRS990ScheduleD/LandGrp/BookValueAmt0159785
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0159785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0193839
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13650
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt216783
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS-SEWER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06424809
IRS990ScheduleD/TotalLiabilityAmt0214272
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 11B
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/TotalAssetsBOYAmt08692939
IRS990/TotalAssetsEOYAmt08742148
IRS990/TotalAssetsGrp/BOYAmt08692939
IRS990/TotalAssetsGrp/EOYAmt08742148
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/TotalAmt01398073
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02620979
IRS990/TotalLiabilitiesEOYAmt02654542
IRS990/TotalLiabilitiesGrp/BOYAmt02620979
IRS990/TotalLiabilitiesGrp/EOYAmt02654542
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06071960
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06087606
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01406165
IRS990/TotalReportableCompFromOrgAmt048000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01413719
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01413719
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08692939
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08742148
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SALTILLO
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd038866
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID MORGAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06628691223
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-11
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
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ReturnHeader/Filer/USAddress/ZIPCd038866
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02A27E01EC9F41F1B93C07603252BC3B2DA73425E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FE126A800AC214113F7DD78D518C0D94C323FD37
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.10.198.237
ReturnHeader/FilingSecurityInformation/IPDt02018-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:28:15
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/PreparationDt02018-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRYON WILEMON
ReturnHeader/ReturnTs02018-05-14T11:09:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,742,148
Liabilities
$2,654,542
Net assets
$6,087,606
Revenue
$1,413,719
Expenses
$1,398,073
Net income
$15,646
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