Civic Intelligence

Rural Franklinton Water Corporation

EIN 72-1029733 • 501(c)12 • Franklinton, LA

Profile

To operate a private water system

422 11th AvenueFranklinton, LA 70438

ruralfranklintonwater.ruralwaterusa.com

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.42x

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

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

Liabilities / Revenue

54th percentile

0.75x

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

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

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

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

Top Officer Pay

76th percentile

$2,700

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

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

Asset Growth

89th percentile

23%

Faster asset growth than 89% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

60%

Faster revenue growth than 91% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$1,893,735

Up $372,463 (+24%) from 2022

Liabilities

Down

$788,887

Down $71,034 (-8.3%) from 2022

Net Assets

Up

$1,104,848

Up $443,497 (+67%) from 2022

Operations
Liabilities / Revenue54th percentileNet Margin87th percentile

Revenue

Up

$1,051,504

Up $404,491 (+63%) from 2022

Expenses

Up

$665,209

Up $3,437 (+0.5%) from 2022

Net Income

Up

$386,295

Up $401,054 (+2717%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,694,833Liabilities 2010: $1,104,700Net Assets 2010: $590,1332010Assets 2011: $1,939,996Liabilities 2011: $1,242,856Net Assets 2011: $697,1402011Assets 2012: $2,003,821Liabilities 2012: $1,140,197Net Assets 2012: $863,6242012Assets 2013: $1,927,837Liabilities 2013: $1,060,866Net Assets 2013: $866,9712013Assets 2014: $1,894,329Liabilities 2014: $1,045,173Net Assets 2014: $849,1562014Assets 2015: $1,855,537Liabilities 2015: $1,006,221Net Assets 2015: $849,3162015Assets 2016: $1,788,269Liabilities 2016: $977,116Net Assets 2016: $811,1532016Assets 2017: $1,707,029Liabilities 2017: $949,469Net Assets 2017: $757,5602017Assets 2018: $1,675,394Liabilities 2018: $936,089Net Assets 2018: $739,3052018Assets 2019: $1,625,613Liabilities 2019: $914,258Net Assets 2019: $711,3552019Assets 2020: $1,629,584Liabilities 2020: $900,788Net Assets 2020: $728,7962020Assets 2021: $1,582,134Liabilities 2021: $906,024Net Assets 2021: $676,1102021Assets 2022: $1,521,272Liabilities 2022: $859,921Net Assets 2022: $661,3512022Assets 2024: $1,893,735Liabilities 2024: $788,887Net Assets 2024: $1,104,8482024

Highlighted filing

2024

Assets$1,893,735
Liabilities$788,887
Net Assets$1,104,848
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $397,7422010Expenses 2011: $482,3332011Expenses 2012: $484,4102012Revenue 2013: $489,334Expenses 2013: $485,987Net Income 2013: $3,3472013Revenue 2014: $487,315Expenses 2014: $505,130Net Income 2014: -$17,8152014Revenue 2015: $480,661Expenses 2015: $480,501Net Income 2015: $1602015Revenue 2016: $478,695Expenses 2016: $516,858Net Income 2016: -$38,1632016Revenue 2017: $494,256Expenses 2017: $547,849Net Income 2017: -$53,5932017Revenue 2018: $498,117Expenses 2018: $516,372Net Income 2018: -$18,2552018Revenue 2019: $483,865Expenses 2019: $511,815Net Income 2019: -$27,9502019Revenue 2020: $551,274Expenses 2020: $533,833Net Income 2020: $17,4412020Revenue 2021: $509,646Expenses 2021: $562,332Net Income 2021: -$52,6862021Revenue 2022: $647,013Expenses 2022: $661,772Net Income 2022: -$14,7592022Revenue 2024: $1,051,504Expenses 2024: $665,209Net Income 2024: $386,2952024

Highlighted filing

2024

Revenue$1,051,504
Expenses$665,209
Net Income$386,295
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,893,735
Liabilities
$788,887
Net assets
$1,104,848
Revenue
$1,051,504
Expenses
$665,209
Net income
$386,295
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.79$1.10$1.05$0.67$0.39
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.86$0.66$0.65$0.66$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.58$0.91$0.68$0.51$0.56$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.63$0.90$0.73$0.55$0.53$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.91$0.71$0.48$0.51$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$0.94$0.74$0.50$0.52$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.95$0.76$0.49$0.55$0.05
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.98$0.81$0.48$0.52$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.86$1.01$0.85$0.48$0.48$0.00
2014Summary only. Only limited summary data is available for this year.$1.89$1.05$0.85$0.49$0.51$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.93$1.06$0.87$0.49$0.49$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.00$1.14$0.86$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.94$1.24$0.70$0.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.69$1.10$0.59$0.40
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 10, 2023
Return Version
2022v5.0
Gross Receipts
$647,013
Mission and Program Overview

Mission

To operate a private water system

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,094,475$1,061,471▼ $33,004
Savings and Temporary Cash Investments$256,276$219,413▼ $36,863
Cash and Non-Interest-Bearing Accounts$172,648$190,363▲ $17,715
Accounts Receivable$42,306$49,280▲ $6,974
Prepaid Expenses and Deferred Charges$16,429$745▼ $15,684
Total Assets$1,582,134$1,521,272▼ $60,862
Liabilities
Mortgage Notes Payable Secured by Investment Property$807,538$798,475▼ $9,063
Accounts Payable and Accrued Expenses$98,486$61,446▼ $37,040
Total Liabilities$906,024$859,921▼ $46,103
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$447,331$474,463▲ $27,132
Net Assets With Donor Restrictions$228,779$186,888▼ $41,891
Total Net Assets Fund Balance$676,110$661,351▼ $14,759
Total Liabilities and Net Assets / Fund Balance$1,582,134$1,521,272▼ $60,862

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$994,304$1,801,525$2,795,829
Equipment$55,467$272,516$327,983
Land$11,700-$11,700
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleBaseTotal
Lenward ThompsonPresident$2,700$2,700
Clifford JeffersonMember$1,700$1,700
Desmond SmithSecretary/treasurer$1,700$1,700
Lb RogersVice President$1,700$1,700
Reginald McmastersMember$1,700$1,700
Revenue and Support

Revenue Composition

Contributions and Grants
$523
Program Service Revenue
$643,602
Investment Income
$7
Other Revenue
$2,881
All Other Contributions
$523
Change in Net Assets
$-14,759

Audited Revenue Reconciliation

Revenue per Audited Statements
$647,013
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$647,013
Total Revenue per Form 990
$647,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$414,464
Salaries, Compensation, and Employee Benefits$247,308
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$189,769
Depreciation Depletion---$65,404
Insurance---$59,601
All Other Expenses---$48,108
Interest---$31,927
Other Employee Benefits---$26,562
Other Expenses---$22,917
Payroll Taxes---$21,477
Office Expenses---$17,847
Fees for Services Accounting---$12,500
Information Technology---$9,868
Current Officers, Directors, Trustees, and Key Employees---$9,500
Travel---$3,194
Total Functional Expenses$0$0$0$661,772

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$661,772
Total Expenses per Audited Statements$661,772
Total Expenses per Form 990$661,772
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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

“The members of the organization consist of the customers who receive water service in the rural area around franklinton, louisiana. In 2022, there were approximately 1,200 members/customers.”

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

“Every year, the customers/members vote on the board of directors at the annual meeting. The board of directors elects the officers of the board.”

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

“A draft of the form 990 is distributed to all board members for their review prior to the filing of the return. Once the return has been reviewed and all questions have been considered, the return is released electronically to the internal revenue service.”

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

“Board members, officers, and employees are required to disclose any situations that could be potential conflicts of interest. The president monitors member activities for any potential conflicts of interests.”

Form 990, Part VI, Section B, Line 15

“Board members and officers receive minimal compensation.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Rural Franklinton Water Corporation
EIN
72-1029733
Phone
9858396433
Address
422 11TH AVENUE, FRANKLINTON, LA 70438

Signing Officer

Name
Lenward Thompson
Title
President
Phone
9858396433
Signed
2023-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lenward Thompson
Formed
1974
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
6
Volunteers
0

Preparer

Firm
Laporte Apac
Address
5100 VILLAGE WALK SUITE 300, COVINGTON, LA 70433
Preparer
Bruce S Prendergast Ms CPA
Phone
9858925850
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“This process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The corporation is exempt from federal and state income taxes under section 501(c)(12) of the internal revenue code. Accordingly, no income tax provision has been recorded. The corporation is, however, required to file federal form 990 - return of organization exempt from income tax. This is an informational return only. The corporation believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that require adjustment to the financial statements. Penalties and interest assessed by income taxing authorities, if any, would be included in income tax expense.”

Raw XML Appendix339 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/BOYAmt098486
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt061446
IRS990/AccountsReceivableGrp/BOYAmt042306
IRS990/AccountsReceivableGrp/EOYAmt049280
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO OPERATE A PRIVATE WATER SYSTEM
IRS990/AllOtherContributionsAmt0523
IRS990/AllOtherExpensesGrp/TotalAmt048108
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum09858396433
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0422 11TH AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0FRANKLINTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0LA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd070438
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0172648
IRS990/CashNonInterestBearingGrp/EOYAmt0190363
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt09500
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0523
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt07
IRS990/CYOtherExpensesAmt0414464
IRS990/CYOtherRevenueAmt02881
IRS990/CYProgramServiceRevenueAmt0643602
IRS990/CYRevenuesLessExpensesAmt0-14759
IRS990/CYSalariesCompEmpBnftPaidAmt0247308
IRS990/CYTotalExpensesAmt0661772
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0647013
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt065404
IRS990/Desc0THE PURPOSE OF THE CORPORATION IS TO CONSTRUCT, MAINTAIN, AND OPERATE A PRIVATE WATER SYSTEM FOR THE MUTUAL BENEFIT OF ITS MEMBERS. IN 2022, THERE WERE APPROXIMATELY 1,200 CUSTOMERS/MEMBERS RECEIVING WATER SERVICE IN THE RURAL AREA AROUND FRANKLINTON, LA.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0228779
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0186888
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt012500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0LENWARD THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm1LB ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm2DESMOND SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm3CLIFFORD JEFFERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4REGINALD MCMASTERS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt02700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt21700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt31700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt41700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0647013
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt09868
IRS990/InsuranceGrp/TotalAmt059601
IRS990/InterestGrp/TotalAmt031927
IRS990/InvestmentIncomeGrp/ExclusionAmt07
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02074041
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01094475
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01061471
IRS990/LandBldgEquipCostOrOtherBssAmt03135512
IRS990/LegalDomicileStateCd0LA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt0643602
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE A PRIVATE WATER SYSTEM
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0807538
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0798475
IRS990/NetAssetsOrFundBalancesBOYAmt0676110
IRS990/NetAssetsOrFundBalancesEOYAmt0661351
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0447331
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0474463
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt017847
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026562
IRS990/OtherExpensesGrp/Desc0REPAIRS/MAINTENANCE
IRS990/OtherExpensesGrp/Desc1LINE SUPPLIES
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3AUTO EXPENSES
IRS990/OtherExpensesGrp/TotalAmt060356
IRS990/OtherExpensesGrp/TotalAmt143604
IRS990/OtherExpensesGrp/TotalAmt239138
IRS990/OtherExpensesGrp/TotalAmt322917
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0OTHER MISCELLANEOUS IN
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02881
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02881
IRS990/OtherRevenueTotalAmt02881
IRS990/OtherSalariesAndWagesGrp/TotalAmt0189769
IRS990/OtherSourcesGrossIncomeAmt03411
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt021477
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016429
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0745
IRS990/PrincipalOfficerNm0LENWARD THOMPSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0WATER SALES
IRS990/ProgramServiceRevenueGrp/Desc1INSTALLATION AND RECON
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0613905
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129697
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0613905
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129697
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt04
IRS990/PYOtherExpensesAmt0332689
IRS990/PYOtherRevenueAmt07101
IRS990/PYProgramServiceRevenueAmt0502541
IRS990/PYRevenuesLessExpensesAmt0-52686
IRS990/PYSalariesCompEmpBnftPaidAmt0229643
IRS990/PYTotalExpensesAmt0562332
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0509646
IRS990/ReconcilationRevenueExpnssAmt0-14759
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0256276
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0219413
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0994304
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01801525
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02795829
IRS990ScheduleD/EquipmentGrp/BookValueAmt055467
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0272516
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0327983
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0661772
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt011700
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011700
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0647013
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE CORPORATION IS, HOWEVER, REQUIRED TO FILE FEDERAL FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THIS IS AN INFORMATIONAL RETURN ONLY. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01061471
IRS990ScheduleD/TotalExpensesPerForm990Amt0661772
IRS990ScheduleD/TotalRevenuePerForm990Amt0647013
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0647013
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0661772
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MEMBERS OF THE ORGANIZATION CONSIST OF THE CUSTOMERS WHO RECEIVE WATER SERVICE IN THE RURAL AREA AROUND FRANKLINTON, LOUISIANA. IN 2022, THERE WERE APPROXIMATELY 1,200 MEMBERS/CUSTOMERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY YEAR, THE CUSTOMERS/MEMBERS VOTE ON THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE BOARD OF DIRECTORS ELECTS THE OFFICERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT OF THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FILING OF THE RETURN. ONCE THE RETURN HAS BEEN REVIEWED AND ALL QUESTIONS HAVE BEEN CONSIDERED, THE RETURN IS RELEASED ELECTRONICALLY TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY SITUATIONS THAT COULD BE POTENTIAL CONFLICTS OF INTEREST. THE PRESIDENT MONITORS MEMBER ACTIVITIES FOR ANY POTENTIAL CONFLICTS OF INTERESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS AND OFFICERS RECEIVE MINIMAL COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01582134
IRS990/TotalAssetsEOYAmt01521272
IRS990/TotalAssetsGrp/BOYAmt01582134
IRS990/TotalAssetsGrp/EOYAmt01521272
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0523
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/TotalAmt0661772
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0906024
IRS990/TotalLiabilitiesEOYAmt0859921
IRS990/TotalLiabilitiesGrp/BOYAmt0906024
IRS990/TotalLiabilitiesGrp/EOYAmt0859921
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0676110
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0661351
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0643602
IRS990/TotalReportableCompFromOrgAmt09500
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0646483
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0647013
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01582134
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01521272
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt03194
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0422 11TH AVENUE
IRS990/USAddress/CityNm0FRANKLINTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070438
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0RURALFRANKLINTONWATER.RURALWATERUSA.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LENWARD THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09858396433
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RURAL FRANKLINTON WATER CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0RURA
ReturnHeader/Filer/EIN0721029733
ReturnHeader/Filer/PhoneNum09858396433
ReturnHeader/Filer/USAddress/AddressLine1Txt0422 11TH AVENUE
ReturnHeader/Filer/USAddress/CityNm0FRANKLINTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070438
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721088864
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAPORTE APAC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 VILLAGE WALK SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COVINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070433
ReturnHeader/PreparerPersonGrp/PhoneNum09858925850
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE S PRENDERGAST MS CPA
ReturnHeader/ReturnTs02023-11-14T11:32:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LENWARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOMPSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)12 • $1M-$5M nonprofits