Iredell Water Corporation

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

EIN: 560883544 ✦ Statesville, NC ✦ Designated as a 501(c)(12)

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Overview

What is Iredell Water Corporation?

Iredell Water Corporation is a nonprofit organization situated in Statesville, North Carolina (NC 28687). Their primary mission is to ensure a clean, safe, and healthy water supply for their members living in rural areas. The corporation employs a team of 16 individuals, dedicated to fulfilling this vital role. They work tirelessly to maintain and improve the water supply system, ensuring that their members have access to high-quality water at all times.

Is Iredell Water Corporation legitimate?

Iredell Water Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Iredell Water Corporation 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: $1,125,570

For more financial information, click here

What is the mission statement of Iredell Water Corporation?

The Iredell Water Corporation is committed to delivering a clean, safe, and healthy rural water supply to its members. This mission is carried out through its daily activities, ensuring that the water supplied to its members meets the highest standards of safety and health. The corporation strives to maintain the integrity of the water supply, ensuring it remains free from contamination and harmful substances. By fulfilling this mission, the Iredell Water Corporation contributes to the well-being and health of its members, providing them with a vital resource essential for daily life.

Who is the CEO of Iredell Water Corporation?

Edward Bissell is the President of Iredell Water Corporation.

What is the revenue of Iredell Water Corporation?

Iredell Water Corporation's revenue in 2022 was $5,447,247.

Who are the executives of Iredell Water Corporation and what are their salaries?

The average compensation at Iredell Water Corporation during 2022 was $70,348. There are 16 employees at Iredell Water Corporation.


Here are 10 key members and their salaries:


Keith A Snoddy (Former Manager)
  • Compensation: $154,769
  • Related: $0
  • Other: $22,088
Gary D Sloan (Manager)
  • Compensation: $125,974
  • Related: $0
  • Other: $13,270
Alan L Cook (Secretarytreasurer)
  • Compensation: $1,650
  • Related: $0
  • Other: $0
Edward Bissell (President)
  • Compensation: $1,575
  • Related: $0
  • Other: $0
Scotty Harris (Director)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Bobby Davidson (Vice President)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Wayne Smith (Director)
  • Compensation: $1,050
  • Related: $0
  • Other: $0
Eric Patterson (Director)
  • Compensation: $975
  • Related: $0
  • Other: $0
Franklin Rash (Director)
  • Compensation: $975
  • Related: $0
  • Other: $0
Robert Lackey (Director)
  • Compensation: $675
  • Related: $0
  • Other: $0
Where can I find the form 990 for Iredell Water Corporation?

Iredell Water Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Iredell Water Corporation

Iredell Water Corporation, a nonprofit organization, is dedicated to providing a clean, safe, and healthy rural water supply to its members. This mission is at the heart of the corporation's activities, ensuring that the community it serves has access to high-quality water for their daily needs. By focusing on this essential service, Iredell Water Corporation contributes to the well-being and health of its members, ensuring they can live in a safe and secure environment. The corporation's mission is a testament to its commitment to maintaining the highest standards of water quality and reliability, ensuring its members can rely on a consistent and safe supply of water.

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Impact




October, 2024

Iredell Water Corporation plays a vital role in enhancing the quality of life for its members by ensuring access to a clean, safe, and healthy rural water supply. Based in Statesville, NC, the organization's commitment to providing reliable water services directly impacts public health, environmental sustainability, and community well-being. By delivering high-quality water, Iredell Water Corporation helps to safeguard the health of residents, supports agricultural activities, and contributes to the overall economic stability of the rural areas it serves. Its efforts significantly improve daily living conditions, fostering a healthier and more sustainable community for all its members.




This information is meant to be a general summary of Iredell Water Corporation. 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
$5,447,247 (2022)
Expenses
$4,184,718 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $82,078
  • Program Service Revenue: $5,249,155
  • Gross Receipts: $5,447,247

Assets and Liabilities:

  • Total Assets: $23,827,018
  • Total Liabilities: $8,425,197
  • Net Assets: $15,401,821

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Programs

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

WATER SALES

Revenue

$4,363,775

METERS AND RECOVERY

Revenue

$374,850

OSWALT HYDRANT

Revenue

$185,769

INVENTORY INCREASE

Revenue

$146,608

LATE FEES

Revenue

$65,784

Organization Details

Founding Year

1966

Principal Officer

Edward Bissell

Main Address

PO BOX 711, STATESVILLE, NC, 28687

NTEE Category

Code: W80 - Public benefit

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