Civic Intelligence

Hagewood Water System Inc

EIN 72-0859395 • 501(c)12 • Provencal, LA

Profile

Sale and distribution of water to rural community citizens

135 Bellwood Church RdProvencal, LA 71468
Siviq Scores

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

Liabilities / Assets

79th percentile

0.47x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

3.64x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-2.3%

Higher net margin than 30% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

97th percentile

68%

Faster asset growth than 97% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

84th percentile

28%

Faster revenue growth than 84% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,814,026

Up $1,357,796 (+93%) from 2023

Liabilities

Up

$1,327,552

Up $31,680 (+2.4%) from 2023

Net Assets

Up

$1,486,474

Up $1,326,116 (+827%) from 2023

Revenue

Down

$365,090

Down $51,513 (-12%) from 2023

Expenses

Up

$373,414

Up $108,786 (+41%) from 2023

Net Income

Down

-$8,324

Down $160,299 (-105%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $259,718Liabilities 2012: $21,325Net Assets 2012: $238,3932012Assets 2013: $1,386,774Liabilities 2013: $1,162,800Net Assets 2013: $223,9742013Assets 2014: $1,337,184Liabilities 2014: $1,148,874Net Assets 2014: $188,3102014Assets 2015: $1,277,250Liabilities 2015: $1,130,817Net Assets 2015: $146,4332015Assets 2016: $1,201,395Liabilities 2016: $1,108,685Net Assets 2016: $92,7102016Assets 2017: $1,171,523Liabilities 2017: $1,088,976Net Assets 2017: $82,5472017Assets 2018: $1,118,358Liabilities 2018: $1,069,030Net Assets 2018: $49,3282018Assets 2019: $1,095,029Liabilities 2019: $1,049,228Net Assets 2019: $45,8012019Assets 2020: $1,051,320Liabilities 2020: $1,028,362Net Assets 2020: $22,9582020Assets 2021: $1,015,507Liabilities 2021: $1,006,400Net Assets 2021: $9,1072021Assets 2022: $992,513Liabilities 2022: $999,189Net Assets 2022: -$6,6762022Assets 2023: $1,456,230Liabilities 2023: $1,295,872Net Assets 2023: $160,3582023Assets 2024: $2,814,026Liabilities 2024: $1,327,552Net Assets 2024: $1,486,4742024

Highlighted filing

2024

Assets$2,814,026
Liabilities$1,327,552
Net Assets$1,486,474

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $88,9482012Revenue 2013: $1,586,636Expenses 2013: $1,601,605Net Income 2013: -$14,9692013Revenue 2014: $178,685Expenses 2014: $214,697Net Income 2014: -$36,0122014Revenue 2015: $142,625Expenses 2015: $184,953Net Income 2015: -$42,3282015Revenue 2016: $161,175Expenses 2016: $215,498Net Income 2016: -$54,3232016Revenue 2017: $190,488Expenses 2017: $201,001Net Income 2017: -$10,5132017Revenue 2018: $198,308Expenses 2018: $231,879Net Income 2018: -$33,5712018Revenue 2019: $196,227Expenses 2019: $200,004Net Income 2019: -$3,7772019Revenue 2020: $196,152Expenses 2020: $219,445Net Income 2020: -$23,2932020Revenue 2021: $191,121Expenses 2021: $233,079Net Income 2021: -$41,9582021Revenue 2022: $223,316Expenses 2022: $224,839Net Income 2022: -$1,5232022Revenue 2023: $416,603Expenses 2023: $264,628Net Income 2023: $151,9752023Revenue 2024: $365,090Expenses 2024: $373,414Net Income 2024: -$8,3242024

Highlighted filing

2024

Revenue$365,090
Expenses$373,414
Net Income-$8,324

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.0
Gross Receipts
$365,090
Mission and Program Overview

Mission

Sale and distribution of water to rural community citizens

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$605,085$2,594,838▲ $1,989,753
Pd in Cap Srpls Land Bldg Eqp Fund$124,291$1,327,628▲ $1,203,337
Cash and Non-Interest-Bearing Accounts$214,667$198,662▼ $16,005
Rtn Earn Endowment Incm Other Fnds$36,067$158,846▲ $122,779
Savings and Temporary Cash Investments$99,823--
Accounts Receivable$15,254$20,526▲ $5,272
Total Assets$1,456,230$2,814,026▲ $1,357,796
Other Assets Total$521,401--
Liabilities
Other Liabilities-$1,270,935-
Unsecured Notes Loans Payable$33,100$29,925▼ $3,175
Accounts Payable and Accrued Expenses$1,262,772$26,692▼ $1,236,080
Total Liabilities$1,295,872$1,327,552▲ $31,680
Net Assets / Fund Balance
Total Net Assets Fund Balance$160,358$1,486,474▲ $1,326,116
Total Liabilities and Net Assets / Fund Balance$1,456,230$2,814,026▲ $1,357,796

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,594,838$1,049,656-
Compensation and Service Providers

Board Members and Trustees

NameTitle
John BynogPresident
Curtis LacourDirector
Erika AyateyDirector
Nettles BrownSecretary
Scotti RodgersVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$129,408
Program Service Revenue
$235,632
Investment Income
$50
Other Revenue
$0
Change in Net Assets
$-8,324
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$373,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$79,337--$79,337
All Other Expenses$18,713$12,411-$31,124
Fees for Services Accounting-$26,206-$26,206
Interest$23,607--$23,607
Other Expenses$12,500--$12,500
Insurance-$10,542-$10,542
Office Expenses-$5,813-$5,813
Fees for Services Other-$2,853-$2,853
Total Functional Expenses$315,589$57,825$0$373,414
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
Long Term Debt$1,237,285
Customer Meter Deposit$33,650
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is presented to the board for their review.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to any member of the system upon their request.

Filing and Contact Details

Filer

Filer Name
Hagewood Water System Inc
EIN
72-0859395
Phone
3184716715
Address
135 BELLWOOD CHURCH RD, PROVENCAL, LA 71468

Signing Officer

Name
John Bynog
Title
President
Phone
3184711368
Signed
2025-10-28

Organization Details

Principal Officer
John Bynog
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Knightmasden Apac
Address
5615 JACKSON STREET J, ALEXANDRIA, LA 71303-2326
Preparer
Stephanie Lemoine
Phone
3184459334
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference 79,337 -79,337 increase in property net asset 1,334,440 total 1,334,440

Raw XML Appendix299 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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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALEXANDRIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0713032326
ReturnHeader/PreparerPersonGrp/PhoneNum03184459334
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE LEMOINE
ReturnHeader/ReturnTs02025-11-05T14:02:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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