Palmetto Water System Inc

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

EIN: 640535898 ✦ Tupelo, MS ✦ Designated as a 501(c)(4)

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Overview

What is Palmetto Water System Inc?

Palmetto Water System Inc is a nonprofit organization located in Tupelo, Mississippi, specifically at 536 Palmetto Road, Lee and Pontotoc Counties. Their primary mission, granted by the Mississippi Public Service Commission, is to provide community water services to a designated region within these counties. This crucial role ensures that the local community has access to clean and potable water, fulfilling an essential need for daily life.

Is Palmetto Water System Inc legitimate?

Palmetto Water System Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Palmetto Water System 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: $37,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Palmetto Water System Inc?

Palmetto Water System Inc's primary mission is to provide community water to a designated area in Lee and Pontotoc Counties, Mississippi. This mission is granted by the Mississippi Public Service Commission. The organization's main objective is to ensure a reliable water supply to the specified community, thereby contributing to the overall well-being and health of the residents. The water system operates under the regulatory oversight of the Mississippi Public Service Commission, ensuring adherence to set standards and regulations for water supply and quality. Palmetto Water System Inc is committed to maintaining and improving its infrastructure to deliver clean and safe water to its customers consistently.

Who is the CEO of Palmetto Water System Inc?

Tommy Pennington is the Director of Palmetto Water System Inc.

What is the revenue of Palmetto Water System Inc?

Palmetto Water System Inc's revenue in 2023 was $303,358.

Who are the executives of Palmetto Water System Inc and what are their salaries?


Here are 5 key members and their salaries:


Gary Wood (Director)
  • Compensation: $37,902
  • Related: $0
  • Other: $0
Kenneth Hankins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Hester (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Lindley (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tommy Pennington (Secretary-Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Palmetto Water System Inc?

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

Mission Statement of Palmetto Water System Inc

Palmetto Water System Inc, as per its mission, is dedicated to providing community water to a designated area in Lee and Pontotoc Counties, Mississippi. This mission has been granted by the Mississippi Public Service Commission. The organization's primary role is to ensure a reliable supply of clean water to the residents of these counties, fulfilling a vital need for daily life and health. By securing this grant, Palmetto Water System Inc has been entrusted with the responsibility of delivering this essential resource, thereby contributing to the well-being and comfort of the community it serves.

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Impact




October, 2024

Palmetto Water System Inc plays a critical role in enhancing the quality of life for residents in Lee and Pontotoc counties, Mississippi, by providing reliable community water services. Their operations ensure that local residents have access to safe and clean drinking water, which is essential for public health and well-being. By granting this service through the oversight of the Mississippi Public Service Commission, Palmetto Water System Inc contributes to the sustainability of the community’s infrastructure. This access to water not only supports daily needs but also fosters economic development and environmental sustainability in the region. Overall, their impact is significant in promoting public benefit and enhancing the overall quality of life for the communities they serve.




This information is meant to be a general summary of Palmetto Water System 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
$303,358 (2023)
Expenses
$280,392 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $1,278
  • Program Service Revenue: $302,080
  • Gross Receipts: $303,358

Assets and Liabilities:

  • Total Assets: $1,675,805
  • Total Liabilities: $28,109
  • Net Assets: $1,647,696

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Programs

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

WATER SALES AND SERVICE FEES

Revenue

$299,080

OTHER FEES

Revenue

$3,000

Organization Details

Founding Year

1967

Principal Officer

Tommy Pennington

Main Address

536 PALMETTO RD, TUPELO, MS, 38801

NTEE Category

Code: W80 - Public benefit

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