Overview
What is Clarkdale Water Association Inc?
Clarkdale Water Association Inc, situated in Meridian, Mississippi (39301), is a nonprofit organization primarily focused on providing water services to its rural customers in Lauderdale County. The association maintains and services its water distribution system, well, and treatment facility by claiming depreciation expenses using the straight-line method. With a team of nine dedicated employees, the organization ensures the reliable and continuous supply of water to its customer base.
Is Clarkdale Water Association Inc legitimate?
Clarkdale Water Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clarkdale 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: $194,378
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What is the mission statement of Clarkdale Water Association Inc?
The Clarkdale Water Association Inc's primary mission is centered around providing water services to its customers residing in a rural area. This mission is carried out diligently, ensuring a constant supply of water to meet the needs of its customer base. The association also manages and maintains its water distribution system and equipment, with depreciation expenses being claimed annually using the straight-line method. In essence, the Clarkdale Water Association Inc is dedicated to delivering reliable water services and maintaining its infrastructure in a rural community.
Who is the CEO of Clarkdale Water Association Inc?
Anthony Truhett is the Vice Preside of Clarkdale Water Association Inc.
What is the revenue of Clarkdale Water Association Inc?
Clarkdale Water Association Inc's revenue in 2023 was $883,550.
Who are the executives of Clarkdale Water Association Inc and what are their salaries?
The average compensation at Clarkdale Water Association Inc during 2023 was $21,598. There are 9 employees at Clarkdale Water Association Inc.
Here are 5 key members and their salaries:
- Compensation: $588
- Related: $0
- Other: $0
- Compensation: $588
- Related: $0
- Other: $0
- Compensation: $588
- Related: $0
- Other: $0
- Compensation: $588
- Related: $0
- Other: $0
- Compensation: $588
- Related: $0
- Other: $0
Where can I find the form 990 for Clarkdale Water Association Inc?
Clarkdale Water Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Clarkdale Water Association Inc
Clarkdale Water Association Inc, as a nonprofit organization, is dedicated to providing water to its customers residing in a rural area of Lauderdale County, Mississippi. The mission of this entity involves maintaining and servicing a robust water distribution system, along with all necessary equipment. This includes the well, the distribution system, and the treatment facility. To achieve this, Clarkdale Water Association Inc utilizes the straight line method of depreciation, ensuring that the cost of these assets is distributed evenly over their useful life. This approach allows the organization to continuously provide reliable water services to its customers, contributing to the well-being of the community it serves.
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Impact
October, 2024
Clarkdale Water Association Inc significantly contributes to the quality of life in Lauderdale County, Mississippi, by providing essential water services to its rural customers. The organization's commitment to maintaining and servicing a robust water distribution system ensures that residents have reliable access to clean water, which is vital for health, sanitation, and overall well-being.
By investing in infrastructure and necessary equipment, the association effectively manages the water supply, utilizing methods like straight-line depreciation to account for the wear and tear of its assets. This financial prudence allows for sustainable operations and long-term service to the community. The presence of a dependable water source not only supports daily activities but also fosters community development and economic growth within the region.
In essence, Clarkdale Water Association Inc plays a crucial role in enhancing public benefit through its dedicated water services, promoting a healthier and more sustainable environment for the residents of Lauderdale County.
This information is meant to be a general summary of Clarkdale 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $19,137
- Program Service Revenue: $881,508
- Gross Receipts: $883,550
Assets and Liabilities:
- Total Assets: $5,316,621
- Total Liabilities: $2,784,273
- Net Assets: $2,532,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET WATER SALES
Revenue
$815,515
INSTALLATION AND RECONNECT FE
Revenue
$48,971
PENALTIES FOR LATE PAYMENTS
Revenue
$14,622
MEMBERSHIP FEES
Revenue
$2,400
Organization Details
Founding Year
1964
Phone
(601) 693-4686Principal Officer
Anthony Truhett
Main Address
5160 HIGHWAY 145, MERIDIAN, MS, 39301
NTEE Category
Code: W80 - Public benefit
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