Civic Intelligence

Milton Water System Inc

990 • Fiscal year 2023 • EIN 72-0806428

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 16, 2024

Organization ProfileN/A
PO Box 278Milton, LA 70558-0278

(337) 856-6206

Siviq Scores

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

Liabilities / Assets

54th percentile

0.29x

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

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

1.08x

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

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Net Margin

25th percentile

-2.4%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$0

Higher top officer pay than 45% of similar nonprofits.

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

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Asset Growth

21st percentile

-1.6%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

2.1%

Faster revenue growth than 31% of similar nonprofits.

2023 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$7,224,145

Down $120,345 (-1.6%) from 2022

Net Assets

Down

$5,151,270

Down $46,433 (-0.9%) from 2022

Liabilities

Down

$2,072,875

Down $73,912 (-3.4%) from 2022

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin25th percentile

Revenue

Up

$1,919,029

Up $40,344 (+2.1%) from 2022

Expenses

Up

$1,965,464

Up $302,385 (+18%) from 2022

Net Income

Down

-$46,435

Down $262,041 (-122%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$30M$20M$10M$0Assets 2011: $4,277,942Liabilities 2011: $3,024,268Net Assets 2011: $1,253,6742011Assets 2012: $4,554,890Liabilities 2012: $2,974,364Net Assets 2012: $1,580,5262012Assets 2013: $4,687,405Liabilities 2013: $2,921,073Net Assets 2013: $1,766,3322013Assets 2014: $4,909,841Liabilities 2014: $2,832,775Net Assets 2014: $2,077,0662014Assets 2015: $5,626,508Liabilities 2015: $2,739,197Net Assets 2015: $2,887,3112015Assets 2016: $5,639,716Liabilities 2016: $2,557,920Net Assets 2016: $3,081,7962016Assets 2017: $5,665,912Liabilities 2017: $2,344,472Net Assets 2017: $3,321,4402017Assets 2018: $5,674,828Liabilities 2018: $2,154,926Net Assets 2018: $3,519,9022018Assets 2019: $5,651,804Liabilities 2019: $2,293,215Net Assets 2019: $3,358,5892019Assets 2020: $6,767,870Liabilities 2020: $2,160,445Net Assets 2020: $4,607,4252020Assets 2021: $6,857,582Liabilities 2021: $2,150,032Net Assets 2021: $4,707,5502021Assets 2022: $7,344,490Liabilities 2022: $2,146,787Net Assets 2022: $5,197,7032022Assets 2023: $7,224,145Liabilities 2023: $2,072,875Net Assets 2023: $5,151,2702023Assets 2024: $11,890,959Liabilities 2024: $4,837,485Net Assets 2024: $7,053,4742024Assets 2025: $20,477,630Liabilities 2025: $8,758,515Net Assets 2025: $11,719,1152025

Highlighted filing

2023

Assets$7,224,145
Liabilities$2,072,875
Net Assets$5,151,270
Open 2023 Filing

Operations Trend

Revenue Growth31st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,139,8312011Expenses 2012: $1,153,3882012Revenue 2013: $1,286,978Expenses 2013: $1,136,674Net Income 2013: $150,3042013Revenue 2014: $1,364,361Expenses 2014: $1,186,729Net Income 2014: $177,6322014Revenue 2015: $1,478,891Expenses 2015: $1,228,377Net Income 2015: $250,5142015Revenue 2016: $1,556,289Expenses 2016: $1,394,926Net Income 2016: $161,3632016Revenue 2017: $1,707,591Expenses 2017: $1,407,778Net Income 2017: $299,8132017Revenue 2018: $1,657,498Expenses 2018: $1,439,681Net Income 2018: $217,8172018Revenue 2019: $1,551,461Expenses 2019: $1,461,627Net Income 2019: $89,8342019Revenue 2020: $1,640,494Expenses 2020: $1,436,973Net Income 2020: $203,5212020Revenue 2021: $1,907,835Expenses 2021: $1,807,710Net Income 2021: $100,1252021Revenue 2022: $1,878,685Expenses 2022: $1,663,079Net Income 2022: $215,6062022Revenue 2023: $1,919,029Expenses 2023: $1,965,464Net Income 2023: -$46,4352023Revenue 2024: $3,941,677Expenses 2024: $2,034,135Net Income 2024: $1,907,5422024Revenue 2025: $6,804,520Expenses 2025: $2,138,480Net Income 2025: $4,666,0402025

Highlighted filing

2023

Revenue$1,919,029
Expenses$1,965,464
Net Income-$46,435
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 16, 2024
Return Version
2022v5.0
Gross Receipts
$1,919,029
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.

Maintain & operate a water system constructed for the benefit of members in milton, la.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,999,107$5,684,711▼ $314,396
Cash and Non-Interest-Bearing Accounts$764,588$942,973▲ $178,385
Savings and Temporary Cash Investments$382,170$393,695▲ $11,525
Accounts Receivable$128,914$111,841▼ $17,073
Investments Other Securities$41,777$45,905▲ $4,128
Prepaid Expenses and Deferred Charges$27,934$16,290▼ $11,644
Total Assets$7,344,490$7,224,145▼ $120,345
Other Assets Total-$28,730-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,648,105$1,587,346▼ $60,759
Other Liabilities$322,170$333,695▲ $11,525
Accounts Payable and Accrued Expenses$176,512$151,834▼ $24,678
Total Liabilities$2,146,787$2,072,875▼ $73,912
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,197,703$5,151,270▼ $46,433
Total Net Assets Fund Balance$5,197,703$5,151,270▼ $46,433
Total Liabilities and Net Assets / Fund Balance$7,344,490$7,224,145▼ $120,345

Asset Categories

AssetBook ValueDepreciationBasis
Land$351,898--
Equipment$5,332,813$5,159,379-
Compensation and Service Providers
Top Officer Pay45th percentile

Board Members and Trustees

NameTitle
Bob BixenmanPresident
Glen GuidryBoard Member
Larry SoileauBoard Member
Sinda SoileauBoard Member
Lisa NoelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,897,884
Investment Income
$21,145
Other Revenue
$0
Change in Net Assets
$-46,435

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,919,029
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,919,029
Total Revenue per Form 990
$1,919,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,645,176
Salaries, Compensation, and Employee Benefits$320,288
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$377,774
Other Salaries and Wages---$297,597
Insurance---$104,246
Office Expenses---$59,158
Interest---$57,661
All Other Expenses---$50,357
Payroll Taxes---$22,691
Fees for Services Accounting---$19,150
Other Expenses---$16,260
Fees for Services Legal---$4,897
Total Functional Expenses$0$0$0$1,965,464

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,965,464
Total Expenses per Audited Statements$1,965,464
Total Expenses per Form 990$1,965,464
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
Member Utility Deposits$333,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The water system has 4,376 members who utilize the services of the organization.”

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

“The water system has 4,376 members that elect 5 governing board members.”

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

“Ultimate control resides with members through their ability to elect the board.”

Form 990, Part VI, Section B, Line 11B

“The governing board of directors approve the audited financial statements, then the form 990 is prepared from the audited financial statements.”

Form 990, Part VI, Section C, Line 18

“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.”

Form 990, Part VI, Section C, Line 19

“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.”

Page 6 Part VI

“The governing board of directors oversee the audit of its financial statements and the selection of an independent accountant.”

Filing and Contact Details

Filer

Filer Name
Milton Water System Inc
EIN
72-0806428
Phone
3378566206
Address
PO BOX 278, MILTON, LA 70558-0278

Signing Officer

Name
William Theriot
Title
CEO
Phone
3378566206
Signed
2024-01-16
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
7
Volunteers
0

Preparer

Firm
Broussard Poche Llp
Address
146 W MAIN STREET, NEW IBERIA, LA 70560
Preparer
Elizabeth J Moreau
Phone
3373644554
Raw XML Appendix323 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0176512
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0151834
IRS990/AccountsReceivableGrp/BOYAmt0128914
IRS990/AccountsReceivableGrp/EOYAmt0111841
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0MAINTAIN & OPERATE A WATER SYSTEM CONSTRUCTED FOR THE BENEFIT OF MEMBERS IN MILTON, LA.
IRS990/AllOtherExpensesGrp/TotalAmt050357
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0BROUSSARD POCHE LLP
IRS990/BooksInCareOfDetail/PhoneNum03379884930
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04112 W CONGRESS ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0LAFAYETTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd070506
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0764588
IRS990/CashNonInterestBearingGrp/EOYAmt0942973
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt021145
IRS990/CYOtherExpensesAmt01645176
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01897884
IRS990/CYRevenuesLessExpensesAmt0-46435
IRS990/CYSalariesCompEmpBnftPaidAmt0320288
IRS990/CYTotalExpensesAmt01965464
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01919029
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0377774
IRS990/Desc0MILTON 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 4,201 TO 4,376 IN THE CURRENT FISCAL YEAR. IN THE NORMAL COURSE OF OPERATIONS, MILTON WATER SYSTEM RECEIVES CONTRIBUTED WATER DISTRIBUTION ASSETS FROM LOCAL DEVELOPERS OF RESIDENTIAL SUBDIVISIONS. THE DEVELOPERS CONTRIBUTE 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 $0.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt07
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt019150
IRS990/FeesForServicesLegalGrp/TotalAmt04897
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0SINDA SOILEAU
IRS990/Form990PartVIISectionAGrp/PersonNm1GLEN GUIDRY
IRS990/Form990PartVIISectionAGrp/PersonNm2LARRY SOILEAU
IRS990/Form990PartVIISectionAGrp/PersonNm3BOB BIXENMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4LISA NOEL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01919029
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/TotalAmt0104246
IRS990/InterestGrp/TotalAmt057661
IRS990/InvestmentIncomeGrp/ExclusionAmt021145
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021145
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt041777
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt045905
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt05159379
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05999107
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05684711
IRS990/LandBldgEquipCostOrOtherBssAmt010844090
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt01897884
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01648105
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01587346
IRS990/NetAssetsOrFundBalancesBOYAmt05197703
IRS990/NetAssetsOrFundBalancesEOYAmt05151270
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05197703
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05151270
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt059158
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt028730
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0WATER PURCHASES
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2METER READING
IRS990/OtherExpensesGrp/Desc3UTILITIES
IRS990/OtherExpensesGrp/TotalAmt0781353
IRS990/OtherExpensesGrp/TotalAmt1112335
IRS990/OtherExpensesGrp/TotalAmt261985
IRS990/OtherExpensesGrp/TotalAmt316260
IRS990/OtherLiabilitiesGrp/BOYAmt0322170
IRS990/OtherLiabilitiesGrp/EOYAmt0333695
IRS990/OtherSalariesAndWagesGrp/TotalAmt0297597
IRS990/OtherSourcesGrossIncomeAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt022691
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027934
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016290
IRS990/PriorPeriodAdjustmentsAmt02
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01897884
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01897884
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt030135
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06138
IRS990/PYOtherExpensesAmt01396092
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01842412
IRS990/PYRevenuesLessExpensesAmt0215606
IRS990/PYSalariesCompEmpBnftPaidAmt0266987
IRS990/PYTotalExpensesAmt01663079
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01878685
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-46435
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0382170
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0393695
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05332813
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05159379
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt010492192
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01965464
IRS990ScheduleD/LandGrp/BookValueAmt0351898
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0351898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0333695
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER UTILITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01919029
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05684711
IRS990ScheduleD/TotalExpensesPerForm990Amt01965464
IRS990ScheduleD/TotalLiabilityAmt0333695
IRS990ScheduleD/TotalRevenuePerForm990Amt01919029
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01919029
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01965464
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE WATER SYSTEM HAS 4,376 MEMBERS WHO UTILIZE THE SERVICES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE WATER SYSTEM HAS 4,376 MEMBERS THAT ELECT 5 GOVERNING BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ULTIMATE CONTROL RESIDES WITH MEMBERS THROUGH THEIR ABILITY TO ELECT THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING BOARD OF DIRECTORS APPROVE THE AUDITED FINANCIAL STATEMENTS, THEN THE FORM 990 IS PREPARED FROM THE AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/SupplementalInformationDetail/ExplanationTxt5THE 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/SupplementalInformationDetail/ExplanationTxt6THE GOVERNING BOARD OF DIRECTORS OVERSEE THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
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 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PAGE 6 PART VI
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07344490
IRS990/TotalAssetsEOYAmt07224145
IRS990/TotalAssetsGrp/BOYAmt07344490
IRS990/TotalAssetsGrp/EOYAmt07224145
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt01965464
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02146787
IRS990/TotalLiabilitiesEOYAmt02072875
IRS990/TotalLiabilitiesGrp/BOYAmt02146787
IRS990/TotalLiabilitiesGrp/EOYAmt02072875
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05197703
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05151270
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01897884
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt021145
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01897884
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01919029
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07344490
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07224145
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0PO BOX 278
IRS990/USAddress/CityNm0MILTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd0705580278
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM THERIOT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03378566206
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MILTON WATER SYSTEM INC
ReturnHeader/Filer/BusinessNameControlTxt0MILT
ReturnHeader/Filer/EIN0720806428
ReturnHeader/Filer/PhoneNum03378566206
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 278
ReturnHeader/Filer/USAddress/CityNm0MILTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd0705580278
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0720538016
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROUSSARD POCHE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0146 W MAIN STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW IBERIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070560
ReturnHeader/PreparerPersonGrp/PhoneNum03373644554
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH J MOREAU
ReturnHeader/ReturnTs02024-01-23T14:22:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THERIOT
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,224,145
Liabilities
$2,072,875
Net assets
$5,151,270
Revenue
$1,919,029
Expenses
$1,965,464
Net income
-$46,435
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$20.5$8.76$11.7$6.80$2.14$4.67
2024Detailed filing. Detailed filing data is available for this year.$11.9$4.84$7.05$3.94$2.03$1.91
2023Detailed filing. Detailed filing data is available for this year.$7.22$2.07$5.15$1.92$1.97$0.05
2022Detailed filing. Detailed filing data is available for this year.$7.34$2.15$5.20$1.88$1.66$0.22
2021Detailed filing. Detailed filing data is available for this year.$6.86$2.15$4.71$1.91$1.81$0.10
2020Detailed filing. Detailed filing data is available for this year.$6.77$2.16$4.61$1.64$1.44$0.20
2019Detailed filing. Detailed filing data is available for this year.$5.65$2.29$3.36$1.55$1.46$0.09
2018Detailed filing. Detailed filing data is available for this year.$5.67$2.15$3.52$1.66$1.44$0.22
2017Detailed filing. Detailed filing data is available for this year.$5.67$2.34$3.32$1.71$1.41$0.30
2016Summary only. Only limited summary data is available for this year.$5.64$2.56$3.08$1.56$1.39$0.16
2015Detailed filing. Detailed filing data is available for this year.$5.63$2.74$2.89$1.48$1.23$0.25
2014Detailed filing. Detailed filing data is available for this year.$4.91$2.83$2.08$1.36$1.19$0.18
2013Summary only. Only limited summary data is available for this year.$4.69$2.92$1.77$1.29$1.14$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.55$2.97$1.58$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.28$3.02$1.25$1.14