Overview
What is Panacea Area Water System Inc?
Panacea Area Water System Inc is a nonprofit organization based in Panacea, Florida, specifically at PO Box 215, Wakulla County. Their primary mission involves operating a local water supply system, catering to around 1056 members within the area. This essential service ensures the provision of clean water to the community, thereby playing a crucial role in maintaining the health and well-being of the residents. The organization is staffed by a team of four dedicated individuals, working tirelessly to ensure the smooth operation of the rural water system.
Is Panacea Area Water System Inc legitimate?
Panacea Area Water System Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Panacea Area Water System Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $18,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,813
For more financial information, click here
What is the mission statement of Panacea Area Water System Inc?
The mission of Panacea Area Water System Inc, as stated, is centered around operating a local rural water system. More specifically, their objective is to manage and provide a reliable water supply system within their operational area, which serves approximately 1056 members. This organization's primary focus is on ensuring the availability of clean, potable water to its community, thereby contributing to the overall well-being and health of its members. They strive to maintain and improve the quality of their water services, ensuring that they meet the needs of their customer base in an efficient and sustainable manner.
Who is the CEO of Panacea Area Water System Inc?
Tim Jordan is the President of Panacea Area Water System Inc.
What is the revenue of Panacea Area Water System Inc?
Panacea Area Water System Inc's revenue in 2022 was $506,885.
Who are the executives of Panacea Area Water System Inc and what are their salaries?
The average compensation at Panacea Area Water System Inc during 2022 was $45,203. There are 4 employees at Panacea Area Water System Inc.
Here are 5 key members and their salaries:
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
Where can I find the form 990 for Panacea Area Water System Inc?
Panacea Area Water System Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Panacea Area Water System Inc
Panacea Area Water System Inc, as its mission states, is dedicated to operating a local rural water system. This nonprofit organization works tirelessly to ensure the smooth operation of a water supply system within its jurisdiction, serving approximately 1056 members. By operating this essential service, Panacea Area Water System Inc plays a vital role in the overall well-being of its community, ensuring a reliable source of clean water for its members. The organization's primary focus is on maintaining and managing the water system, ensuring it meets the needs of its clients while adhering to all relevant regulations and standards.
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Impact
October, 2024
Panacea Area Water System Inc significantly impacts the local community in Wakulla County, Florida, by ensuring access to clean and reliable water for approximately 1,056 members. By operating the local rural water supply system, the organization plays a crucial role in promoting public health, supporting residential needs, and enhancing the overall quality of life in Panacea. The consistent provision of safe drinking water not only meets daily personal and household needs but also fosters community well-being and sustainability. This essential service empowers residents, supports local development, and contributes to a healthier environment.
This information is meant to be a general summary of Panacea Area Water System Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,607
- Program Service Revenue: $505,278
- Gross Receipts: $506,885
Assets and Liabilities:
- Total Assets: $3,442,683
- Total Liabilities: $1,553,957
- Net Assets: $1,888,726
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Water service Fees
Revenue
$505,278
Organization Details
Founding Year
1964
Phone
(850) 984-5301Principal Officer
Tim Jordan
Main Address
PO Box 215, Panacea, FL, 32346
NTEE Category
Code: W80 - Public benefit
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