Overview
What is Long Creek Water Association Inc?
Long Creek Water Association Inc, situated in Meridian, Mississippi (39301), is a nonprofit organization that primarily focuses on providing essential water services to residents in a rural area of Lauderdale County. To ensure the continuous delivery of water, they claim depreciation expenses on their water distribution system, associated equipment, and the well, utilizing the straight-line method of depreciation. The organization employs a team of seven individuals, providing a vital service to the community in their region.
Is Long Creek Water Association Inc legitimate?
Long Creek Water Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Long Creek 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: $385,611
For more financial information, click here
What is the mission statement of Long Creek Water Association Inc?
Long Creek Water Association Inc's primary mission is to provide water services to the residents in a rural area. This organization is committed to maintaining and servicing its water distribution system, well, and treatment facility, for which it claims depreciation expenses using the straight-line method. In essence, Long Creek Water Association Inc's mission is to ensure a reliable water supply for its customers in a rural area, taking necessary measures to maintain and upgrade its infrastructure over time.
Who is the CEO of Long Creek Water Association Inc?
Caroll Mclemore is the Secretary of Long Creek Water Association Inc.
What is the revenue of Long Creek Water Association Inc?
Long Creek Water Association Inc's revenue in 2023 was $1,671,074.
Who are the executives of Long Creek Water Association Inc and what are their salaries?
The average compensation at Long Creek Water Association Inc during 2023 was $55,087. There are 7 employees at Long Creek Water Association Inc.
Here are 5 key members and their salaries:
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
Where can I find the form 990 for Long Creek Water Association Inc?
Long Creek Water Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Long Creek Water Association Inc
Long Creek Water Association Inc is dedicated to serving its customers in a rural area of Lauderdale County, Mississippi. Their primary mission is to provide clean, potable water, ensuring reliable access to this essential resource. To fulfill this mission, the association invests in maintaining and servicing its water distribution system, well, and treatment facility. Depreciation expenses are claimed annually using the straight-line method, which is a systematic approach to allocating the cost of these assets over their useful lifespan. This practice allows Long Creek Water Association Inc to sustain its operations and continue providing high-quality water services to its customer base in the rural community.
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Impact
October, 2024
Long Creek Water Association Inc significantly impacts the community by ensuring access to clean and reliable water for residents in a rural area of Lauderdale County, Mississippi. By maintaining the water distribution system and treatment facilities, the association addresses essential public health needs, facilitating daily life and economic stability for its customers. The organization carefully manages resources through systematic depreciation of its infrastructure and equipment, highlighting a commitment to sustainable practices in water service provision. This operational strategy enables ongoing maintenance and upgrades, reinforcing the reliability of water access for the community it serves. Overall, Long Creek Water Association Inc plays a crucial role in enhancing the quality of life for its customers by delivering essential water services in an underserved region.
This information is meant to be a general summary of Long Creek 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: $49,816
- Program Service Revenue: $1,611,618
- Gross Receipts: $1,671,074
Assets and Liabilities:
- Total Assets: $9,059,671
- Total Liabilities: $2,339,657
- Net Assets: $6,720,014
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER REVENUE
Revenue
$1,474,172
LATE & SERVICE CHARGES
Revenue
$111,451
INSTALLATION FEES
Revenue
$25,025
MEMBERSHIP FEES
Revenue
$970
Organization Details
Founding Year
1966
Phone
(601) 693-3096Principal Officer
Caroll Mclemore
Main Address
4695 LONG CREEK WATER ROAD, MERIDIAN, MS, 39301
NTEE Category
Code: W80 - Public benefit
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