Davidson Water Inc

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

EIN: 561057522 ✦ Welcome, NC ✦ Designated as a 501(c)(12)

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Overview

What is Davidson Water Inc?

Davidson Water Inc, established over 40 years ago, is a company dedicated to delivering quality drinking water to its community in Welcome, North Carolina. Their primary mission is providing water services to ensure the satisfaction and wellbeing of their members.


Official website here: www.davidsonwater.com

Is Davidson Water Inc legitimate?

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

For more financial information, click here


Official website here: www.davidsonwater.com

What is the mission statement of Davidson Water Inc?

Davidson Water Inc has been dedicated to delivering high-quality drinking water for over four decades. The company's primary focus is on providing essential water services. For over 40 years, they have been committed to ensuring the communities they serve have reliable access to clean water. Their mission is geared towards enhancing the quality of life by delivering a fundamental resource – drinking water. The organization's long-term commitment to this cause has made it a trusted supplier in the water industry. Their services cover various aspects, ensuring their customers receive a consistent and uninterrupted water supply.


Official website here: www.davidsonwater.com

Who is the CEO of Davidson Water Inc?

Ronald B Sink is the Board President of Davidson Water Inc. The CEO's salary of Davidson Water Inc is $205,965 and their total compensation is $205,965.


Official website here: www.davidsonwater.com

What is the revenue of Davidson Water Inc?

Davidson Water Inc's revenue in 2022 was $18,462,382.


Official website here: www.davidsonwater.com

Who are the executives of Davidson Water Inc and what are their salaries?

There are 89 employees at Davidson Water Inc.


Here are 16 key members and their salaries (Davidson Water Inc's CEO's salary is $205,965 and their total compensation is $205,965):


F Lee Comer (Board President)
  • Compensation: $9,000
  • Related: $0
  • Other: $0
Christopher Fitzgerald (Director)
  • Compensation: $5,200
  • Related: $0
  • Other: $0
Ben Hege (Board Vice-President)
  • Compensation: $8,100
  • Related: $0
  • Other: $0
Theresa L Matthews (Board Treasurer)
  • Compensation: $8,100
  • Related: $0
  • Other: $0
Jason Gallimore (Director)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Howard Craver (Director)
  • Compensation: $4,600
  • Related: $0
  • Other: $0
James Louya (Director)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Jason Hedgecock (Director)
  • Compensation: $4,300
  • Related: $0
  • Other: $0
Victor K Phillips (Director)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Sheila Potter (Director)
  • Compensation: $5,700
  • Related: $0
  • Other: $0
David Reid Smith (Board Secretary)
  • Compensation: $7,800
  • Related: $0
  • Other: $0
Chad B Young (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Ronald B Sink (Ceo And General Manager)
  • Compensation: $205,965
  • Related: $0
  • Other: $0
Robert J Walters (Vice President Of Construc)
  • Compensation: $170,247
  • Related: $0
  • Other: $0
Alison Brinkley-Michael (Cfo)
  • Compensation: $82,019
  • Related: $0
  • Other: $0
Eric Hege (Cio)
  • Compensation: $132,540
  • Related: $0
  • Other: $0


Official website here: www.davidsonwater.com

Where can I find the form 990 for Davidson Water Inc?

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


Official website here: www.davidsonwater.com

Learn more at the official website: www.davidsonwater.com

Mission Statement of Davidson Water Inc

Davidson Water, a revered organization, has been dedicated to delivering top-quality drinking water for over four decades. Established with a clear-cut mission, this company aims to provide essential water services to its community, ensuring they have access to clean, safe water.

Davidson Water's unwavering commitment to its cause is evident in its long-standing history. With a focus on excellence, the company has been providing water service to its members for over four decades. By supplying a consistent and reliable water supply, Davidson Water plays a vital role in enhancing the daily lives of those it serves.

In addition to its core mission, Davidson Water also offers programs that extend beyond the provision of water. These initiatives aim to ensure the organization's members receive the best possible service and support. Davidson Water's unwavering dedication to its mission has earned it a reputation for reliability and trustworthiness within its community.

Davidson Water's team of skilled professionals works diligently to maintain and improve its water systems, ensuring the highest standards are met. By prioritizing the needs of its members and consistently delivering on its promises, Davidson Water has become a trusted partner and essential resource for those it serves.

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Impact




October, 2024

Davidson Water Inc plays a crucial role in ensuring access to quality drinking water for the community in Welcome, NC. For over 40 years, the company has been dedicated to delivering essential water services, contributing to public health and well-being. By providing reliable and safe drinking water, Davidson Water Inc supports residents' daily needs and fosters a sustainable environment. Its longstanding commitment to quality and service not only enhances the quality of life in the area but also promotes community resilience and growth. Additionally, the organization's focus on public benefit underscores its importance as a vital resource for the community it serves.




This information is meant to be a general summary of Davidson Water 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
$18,462,382 (2022)
Expenses
$16,959,717 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$1,641,637
  • Program Service Revenue: $19,977,834
  • Gross Receipts: $32,554,888

Assets and Liabilities:

  • Total Assets: $156,115,966
  • Total Liabilities: $1,522,227
  • Net Assets: $154,593,739

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Programs

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

WATER SALES

Revenue

$19,502,556

RECONNECTION FEES

Revenue

$238,876

SEWER COLLECTION

Revenue

$206,583

MISCELLANEOUS

Revenue

$29,819

Organization Details

Founding Year

1973

Principal Officer

Ronald B Sink

Main Address

PO BOX 969, WELCOME, NC, 27374

NTEE Category

Code: W80 - Public benefit

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