Grassy Pond Water Company Inc

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

EIN: 570532489 ✦ Gaffney, SC ✦ Designated as a 501(c)(12)

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Overview

What is Grassy Pond Water Company Inc?

Grassy Pond Water Company Inc, located undisclosed, serves as a vital rural water supplier, catering to about 3600 customers annually. During the tax year, they supply an impressive volume of over 332 million gallons of water. The company's primary objective is to deliver water to rural communities, striving to meet their hydration needs effectively.

Is Grassy Pond Water Company Inc legitimate?

Grassy Pond Water Company Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Grassy Pond Water Company 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: $450,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Grassy Pond Water Company Inc?

Grassy Pond Water Company Inc's mission is centered around its role as a rural water supplier. The company strives to provide over 332 million gallons of water annually to approximately 3600 customers. Its mission is geared towards meeting the water needs of rural communities, positioning itself as a reliable provider in this sector.

Who is the CEO of Grassy Pond Water Company Inc?

David Stacy is the President of Grassy Pond Water Company Inc.

What is the revenue of Grassy Pond Water Company Inc?

Grassy Pond Water Company Inc's revenue in 2022 was $2,631,873.

Who are the executives of Grassy Pond Water Company Inc and what are their salaries?

The average compensation at Grassy Pond Water Company Inc during 2022 was $50,063. There are 9 employees at Grassy Pond Water Company Inc.


Here are 8 key members and their salaries:


Mike Bolin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Smith (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Carnes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Wood (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Stacy (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mitchell Humphries (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Patterson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Sarratt (Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Grassy Pond Water Company Inc?

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

Mission Statement of Grassy Pond Water Company Inc

Grassy Pond Water Company Inc, as a rural water supplier, is dedicated to its mission. This mission involves providing an extensive volume of water, amounting to over 332 million gallons, to approximately 3600 customers annually. At its core, the company's purpose is to serve as a reliable water provider in the rural sector.

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Impact




October, 2024

Grassy Pond Water Company Inc plays a vital role in the Gaffney, SC area by supplying over 332 million gallons of water to approximately 3,600 customers each tax year. This rural water supplier ensures that essential water needs are met for families and businesses in the region, contributing significantly to public health and quality of life. By providing reliable access to clean water, Grassy Pond Water Company supports community development and enhances the prosperity of the area. Its mission to serve as a rural water supplier emphasizes the importance of sustainable water resources in fostering a thriving community.




This information is meant to be a general summary of Grassy Pond Water Company 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
$2,631,873 (2022)
Expenses
$2,303,974 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $32,649
  • Program Service Revenue: $2,550,135
  • Gross Receipts: $2,631,873

Assets and Liabilities:

  • Total Assets: $8,051,596
  • Total Liabilities: $113,544
  • Net Assets: $7,938,052

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Programs

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

WATER FEES

Revenue

$2,359,525

TAP FEES

Revenue

$170,790

WATER LINE INSTALL

Revenue

$19,820

Organization Details

Founding Year

1968

Principal Officer

David Stacy

Main Address

P O BOX 1209, GAFFNEY, SC, 29342

NTEE Category

Code: W80 - Public benefit

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