Wallace Water Company Incorporated

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

EIN: 570601006 ✦ Wallace, SC ✦ Designated as a 501(c)(12)

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Overview

What is Wallace Water Company Incorporated?

Wallace Water Company Incorporated, situated in Wallace, South Carolina, is a member-owned organization dedicated to providing essential water services to the local community and its surroundings. Acting as an extractor and distributor of water, the company operates and maintains vital facilities such as well stations, towers, and distribution systems to ensure a reliable water supply. Their mission is centered around delivering rural water services, demonstrating their commitment to enhancing the well-being of the local population.

Is Wallace Water Company Incorporated legitimate?

Wallace Water Company Incorporated is a legitimate nonprofit organization registered as a 501(c)(12) entity. Wallace Water Company Incorporated 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: $64,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Wallace Water Company Incorporated?

Wallace Water Company Incorporated, as a member-owned organization, is committed to providing rural water service. They extract and distribute water, along with related services, to various communities. The company operates and maintains essential infrastructure such as well stations, towers, and distribution systems to ensure a reliable water supply. Their mission is centered around serving rural communities, aiming to meet their water needs effectively.

Who is the CEO of Wallace Water Company Incorporated?

Jeremy D Steen is the Director of Wallace Water Company Incorporated.

What is the revenue of Wallace Water Company Incorporated?

Wallace Water Company Incorporated's revenue in 2022 was $705,558.

Who are the executives of Wallace Water Company Incorporated and what are their salaries?

The average compensation at Wallace Water Company Incorporated during 2022 was $8,045. There are 8 employees and 8 volunteers at Wallace Water Company Incorporated.


Here are 8 key members and their salaries:


Charles Deaver (Director)
  • Compensation: $1,400
  • Related: $0
  • Other: $0
John Frank Bennett (Director)
  • Compensation: $1,400
  • Related: $0
  • Other: $0
B H Guinn (Director)
  • Compensation: $1,400
  • Related: $0
  • Other: $0
Frank Williams (Director)
  • Compensation: $1,400
  • Related: $0
  • Other: $0
Jimmy Grissom (Director)
  • Compensation: $1,400
  • Related: $0
  • Other: $0
Maxine Knight (Treasurer)
  • Compensation: $31,111
  • Related: $0
  • Other: $0
Jeremy Steen (President)
  • Compensation: $22,654
  • Related: $0
  • Other: $0
Jennifer Sports (Director)
  • Compensation: $1,400
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wallace Water Company Incorporated?

Wallace Water Company Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Wallace Water Company Incorporated

Wallace Water Company Incorporated, as a member-owned organization, is dedicated to providing rural water service. Their mission involves the extraction and distribution of water and related services to the community of Wallace, South Carolina, and its surrounding areas. The company operates and maintains essential infrastructure, including well stations, towers, and distribution systems, to ensure a reliable water supply for its customers. The organization's mission is to serve its community by delivering high-quality water services, thereby contributing to the well-being and sustainability of the region.

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Impact




October, 2024

Wallace Water Company Incorporated significantly impacts the rural communities of Wallace, South Carolina, and its surrounding areas by providing essential water and related services. The company extracts and distributes water, operating well stations, towers, and distribution systems to ensure reliable access to clean water for residents. As a member-owned organization, its mission centers on delivering quality rural water service, which is crucial for health, sanitation, and overall community well-being. By maintaining these vital resources, Wallace Water Company fosters public benefit, supporting both individual households and the broader community infrastructure.




This information is meant to be a general summary of Wallace Water Company Incorporated. 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
$705,558 (2022)
Expenses
$777,953 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,217
  • Program Service Revenue: $698,341
  • Gross Receipts: $705,558

Assets and Liabilities:

  • Total Assets: $4,486,149
  • Total Liabilities: $2,188,309
  • Net Assets: $2,297,840

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Programs

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

WATER REVENUE

Revenue

$698,341

Organization Details

Founding Year

1972

Principal Officer

Jeremy D Steen

Main Address

POST OFFICE BOX 37, WALLACE, SC, 29596

NTEE Category

Code: W80 - Public benefit

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