Moravian Falls Water Works Inc

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

EIN: 560848211 ✦ Moravian falls, NC ✦ Designated as a 501(c)(12)

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Overview

What is Moravian Falls Water Works Inc?

Moravian Falls Water Works Inc, established in Moravian Falls, North Carolina, functions as a public utility with a primary focus on supplying rural water to over a thousand community members. Their mission is centered around ensuring a reliable water source for their local population, as evidenced by their programs that cater specifically to this need. As a rural water supplier, Moravian Falls Water Works Inc plays a crucial role in maintaining the livelihood and well-being of its community members.

Is Moravian Falls Water Works Inc legitimate?

Moravian Falls Water Works Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Moravian Falls Water Works 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: $61,090
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,726

For more financial information, click here

What is the mission statement of Moravian Falls Water Works Inc?

Moravian Falls Water Works, as a public utility, is dedicated to supplying rural water to a substantial number of members. Its mission is centered around providing this essential service to over 1,000 individuals. The organization's activities primarily revolve around ensuring the delivery of clean and reliable water supply to its community. It is committed to maintaining this service, contributing to the overall well-being and comfort of its user base.

Who is the CEO of Moravian Falls Water Works Inc?

Terry Ferguson is the President of Moravian Falls Water Works Inc.

What is the revenue of Moravian Falls Water Works Inc?

Moravian Falls Water Works Inc's revenue in 2022 was $649,352.

Who are the executives of Moravian Falls Water Works Inc and what are their salaries?

The average compensation at Moravian Falls Water Works Inc during 2022 was $15,763. There are 5 employees at Moravian Falls Water Works Inc.


Here are 12 key members and their salaries:


Pat Hamby (Secretary/Tr)
  • Compensation: $50,563
  • Related: $0
  • Other: $0
Rex Brown (Former Manag)
  • Compensation: $10,527
  • Related: $0
  • Other: $0
Terry Ferguson (President)
  • Compensation: $830
  • Related: $0
  • Other: $0
Eddie Barnes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Eldreth (Asst Sec/Tre)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Frazier Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Frazier Sr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Taylor Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Joines (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Jordan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Robinson (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luther Cothren (Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Moravian Falls Water Works Inc?

Moravian Falls Water Works Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Moravian Falls Water Works Inc

Moravian Falls Water Works, a public utility, is dedicated to supplying rural water to over 1,000 members. Its mission is centered around ensuring a reliable water source for its community, reflecting a commitment to the well-being and comfort of its members. The organization carries out this mission through various programs, with the primary focus being on providing rural water supply. This service is crucial in maintaining hygiene and supporting daily living activities for the community members. By doing so, Moravian Falls Water Works is playing a vital role in enhancing the quality of life in the rural area it serves.

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Impact




October, 2024

Moravian Falls Water Works Inc plays a crucial role in ensuring a reliable water supply for over 1,000 members in Moravian Falls, NC. As a public utility, it is dedicated to addressing the needs of the community by providing essential water services to rural areas. This not only supports the health and well-being of residents but also fosters local development and sustainability. By maintaining and improving water infrastructure, Moravian Falls Water Works enhances the quality of life for its members, ensuring access to clean and safe drinking water, which is vital for both daily living and community growth.




This information is meant to be a general summary of Moravian Falls Water Works 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.

Revenue
$649,352 (2022)
Expenses
$648,187 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $755
  • Program Service Revenue: $630,571
  • Gross Receipts: $649,352

Assets and Liabilities:

  • Total Assets: $1,152,410
  • Total Liabilities: $43,345
  • Net Assets: $1,109,065

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Programs

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

SALES OF WATER

Revenue

$630,571

Organization Details

Founding Year

1964

Principal Officer

Terry Ferguson

Main Address

PO BOX 785, MORAVIAN FALLS, NC, 28654

NTEE Category

Code: W80 - Public benefit

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