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Spring Valley Water System

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 472301358 ✦ Tuscumbia, AL ✦ Designated as a 501(c)(12)

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Overview

What is Spring Valley Water System?

Spring Valley Water System is a public utilities organization situated in Tuscumbia, Alabama. Its primary mission is to retail potable water to its members, while also formulating programs to determine the cost of water provision. As a community-serving entity, Spring Valley Water System plays a crucial role in ensuring access to clean water for its residents.

Is Spring Valley Water System legitimate?

Spring Valley Water System is a legitimate nonprofit organization registered as a 501(c)(12) entity. Spring Valley Water System 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Spring Valley Water System?

Spring Valley Water System's mission is centered around retailing water sales to its members and devising programs to estimate the expense of delivering potable water. Operating as a public utilities organization, its primary role is to cater to the water needs of a community, in this case, Tuscumbia, AL. The organization's activities focus on ensuring the reliable provision of water to its customers. While not explicitly stated, it can be inferred that Spring Valley Water System aims to maintain water quality, sustainability, and affordability for its members.

Who is the CEO of Spring Valley Water System?

Jimmy Looney is the President of Spring Valley Water System.

What is the revenue of Spring Valley Water System?

Spring Valley Water System's revenue in 2022 was $1,310,717.

Who are the executives of Spring Valley Water System and what are their salaries?

There 5 volunteers at Spring Valley Water System.


Here are 3 key members and their salaries:


Jimmey Looney (President)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Tony Jones (Vice-President)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Hobert Butler (Secretary)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Where can I find the form 990 for Spring Valley Water System?

Spring Valley Water System's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Spring Valley Water System

Spring Valley Water System, as a public utilities organization, is dedicated to retailing water sales to its members. Its mission encompasses not only supplying potable water but also developing programs to determine the cost of its provision. By doing so, Spring Valley Water System ensures it serves its community effectively and sustainably. The organization's primary goal is to meet the water needs of its members, while also maintaining transparency and accountability in its pricing strategies.

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Impact




October, 2024

Spring Valley Water System plays a crucial role in serving the community of Tuscumbia, AL, by providing reliable potable water through its retail water sales. It ensures that members have access to essential water resources while actively engaged in programs that analyze and calculate the costs associated with water supply. This commitment to transparency and efficiency contributes to the overall well-being of the community, enhancing public health and supporting local development. By focusing on sustainable water management and affordability, Spring Valley Water System fulfills its mission to meet the needs of its members effectively while promoting public benefit.




This information is meant to be a general summary of Spring Valley Water System. 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.

Revenue
$1,310,717 (2022)
Expenses
$1,298,705 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $8,631
  • Program Service Revenue: $1,302,086
  • Gross Receipts: $1,310,717

Assets and Liabilities:

  • Total Assets: $5,722,640
  • Total Liabilities: $2,654,742
  • Net Assets: $3,067,898

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Water sales

Revenue

$1,302,086

Organization Details

Founding Year

1971

Principal Officer

Jimmy Looney

Main Address

912 LaGrange Road, Tuscumbia, AL, 35674

NTEE Category

Code: W80 - Public benefit

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