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Anchor Water Association Inc

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

EIN: 630716892 ✦ Oxford, MS ✦ Designated as a 501(c)(12)

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Overview

What is Anchor Water Association Inc?

Anchor Water Association Inc is a public utility, situated in Oxford, Mississippi. Their primary goal is to effectively manage and operate a rural water system. This essential service ensures the provision of clean and reliable water to the community within their jurisdiction. As a public utility, Anchor Water Association Inc plays a crucial role in maintaining the health and well-being of the population, ensuring that they have access to a vital resource.

Is Anchor Water Association Inc legitimate?

Anchor Water Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Anchor Water Association 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: $24,999

For more financial information, click here

What is the mission statement of Anchor Water Association Inc?

Anchor Water Association, as a public utility, is dedicated to the operation of a rural water system. Their primary mission is to ensure the reliable and efficient provision of clean water services to the community they serve. This includes maintaining and upgrading the water infrastructure, ensuring compliance with regulatory standards, and providing customer support to address any concerns or issues related to water service. The association's goal is to provide its community with safe and reliable water, contributing to the overall well-being and quality of life of its residents.

Who is the CEO of Anchor Water Association Inc?

Bill Mcgregor is the Director of Anchor Water Association Inc.

What is the revenue of Anchor Water Association Inc?

Anchor Water Association Inc's revenue in 2023 was $329,294.

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

The average compensation at Anchor Water Association Inc during 2023 was $24,999. There is 1 employee at Anchor Water Association Inc.


Here are 5 key members and their salaries:


Steve Beckham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wil Howie (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Mccarty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Mcgregor (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Thweatt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Anchor Water Association Inc?

Anchor Water Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Anchor Water Association Inc

Anchor Water Association, a public utility, is dedicated to the operation of a rural water system. In simpler terms, the primary mission of this organization is to ensure the smooth functioning and maintenance of a water system serving rural areas. By managing this essential resource, Anchor Water Association plays a crucial role in providing clean water to the communities it serves, thereby contributing to the health and well-being of its users. This mission is a testament to Anchor Water Association's commitment to delivering reliable and essential water services, thereby enhancing the quality of life in the rural communities it serves.

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Impact




October, 2024

Anchor Water Association Inc plays a crucial role in providing a reliable water supply to rural communities in Oxford, MS. By operating a public utility dedicated to the management and distribution of water, the association ensures that residents have access to safe and clean drinking water. This operation not only supports public health but also enhances the quality of life for individuals living in these rural areas.

The association's commitment to maintaining and improving the water system helps foster community well-being and development. Through its activities, Anchor Water Association Inc contributes significantly to the sustainability of local infrastructure and supports economic growth by enabling residents and businesses to access essential water resources. Overall, the impact of Anchor Water Association extends beyond mere utility provision, as it plays a vital role in promoting public benefit and community resilience.




This information is meant to be a general summary of Anchor Water Association 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
$329,294 (2023)
Expenses
$297,703 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,333
  • Program Service Revenue: $327,961
  • Gross Receipts: $329,294

Assets and Liabilities:

  • Total Assets: $1,428,009
  • Total Liabilities: $943,080
  • Net Assets: $484,929

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Programs

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

Reimbursements

Revenue

$7,767

Service Fees
Water Revenue

Revenue

$320,194

Organization Details

Founding Year

1965

Principal Officer

Bill Mcgregor

Main Address

95 CR 369, Oxford, MS, 38655

NTEE Category

Code: W80 - Public benefit

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