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Balance Sheet
Assets
Flat$4,687,405
Flat from 2013
Net Assets
Flat$1,766,332
Flat from 2013
Liabilities
Flat$2,921,073
Flat from 2013
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$1,136,674
Flat from 2013
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2012 to Jun 30, 2013
- Signed
- Jan 20, 2014
- Return Version
- 2012v2.1
- Gross Receipts
- $1,286,978
Mission and Program Overview
Mission
The water system was organized to construct, maintain and operate a private water system that provides water to its members in the area of milton, louisiana.
Filing and Contact Details
Filer
- EIN
- 72-0806428
Raw XML Appendix321 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/Description | 0 | MILTON WATER SYSTEM, INC, SECTION 501(C)(12) ORGANIZATION, PROVIDES DRINKING WATER TO THE RURAL RESIDENTS OF LAFAYETTE PARISH IN THE MILTON, LA AREA. THE WATER SYSTEM PROVIDES SAFE, AFFORDABLE DRINKING WATER TO THE RESIDENTS WHO WOULD OTHERWISE DRILL EXPENSIVE WATER WELLS. THE WATER SYSTEM HAS INCREASED THE NUMBER OF MEMBERS FROM 3,137 TO 3,251 IN THE CURRENT FISCAL YEAR. MILTON WATER SYSTEM RECEIVED CONTRIBUTED WATER DISTRIBUTION ASSETS FROM LOCAL DEVELOPERS OF RESIDENTIAL SUBDIVISIONS. THE DEVELOPERS CONTRIBUTED THE WATER DISTRIBUTION SYSTEMS IN EXCHANGE FOR DRINKING WATER FOR THE SUBDIVISION RESIDENCES. THE TOTAL COST OF CONTRIBUTED WATER DISTRIBUTION SYSTEM IN THE CURRENT FISCAL YEAR IS $61,527. (SEE SCHEDULE D, PART XIV) |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE WATER SYSTEM PAID $3,606 IN INSURANCE PREMIUMS TO A COMPANY THAT IS OWNED BY A FAMILY MEMBER OF A BOARD MEMBER. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE WATER SYSTEM HAS 3,251 MEMBERS WHO UTILIZE THE SERVICES OF THE ORGANIZATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | THE WATER SYSTEM HAS 3,251 MEMBERS THAT ELECT 5 GOVERNING BOARD MEMBERS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | ULTIMATE CONTROL RESIDES WITH MEMBERS THROUGH THEIR ABILITY TO ELECT THE BOARD. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE GOVERNING BOARD OF DIRECTORS APPROVE THE AUDITED FINANCIAL STATEMENTS, THEN THE FORM 990 IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | THE ORGANIZATION WAS CREATED IN 1974. IT HAS AUDITED FINANCIALS THAT ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICES DURING REGULAR BUSINESS HOURS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 6 | THE GOVERNING BOARD OF DIRECTORS MAKES THE AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC IN THEIR OFFICE DURING REGULAR OFFICE HOURS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 7 | CURRENT YEAR CONTRIBUTED CAPITAL IN EXCESS OF TAX BASIS (IRC SECTION 118) 61,527. DEPRECIATION OF CONTRIBUTED CAPITAL -26,025. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 8 | THE GOVERNING BOARD OF DIRECTORS OVERSEE THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. |
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| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
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| ReturnHeader/Officer/DateSigned | 0 | 2014-01-20 |
| ReturnHeader/Officer/Name | 0 | WILLIAM THERIOT |
| ReturnHeader/Officer/Phone | 0 | 3378566206 |
| ReturnHeader/Officer/Title | 0 | GENERAL MANAGER |
| ReturnHeader/PreparerFirm/EIN | 0 | 720538016 |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | BROUSSARDPOCHELEWIS & BREAUX LLP |
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| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 70560 |
| ReturnHeader/Preparer/Name | 0 | ROBERT M DEROUEN JR |
| ReturnHeader/Preparer/Phone | 0 | 3373644554 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2012-07-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2013-06-30 |
| ReturnHeader/TaxYear | 0 | 2012 |
| ReturnHeader/Timestamp | 0 | 2014-01-31T11:13:50-06:00 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $4,687,405
- Liabilities
- $2,921,073
- Net assets
- $1,766,332
- Revenue
- -
- Expenses
- $1,136,674
- Net income
- -