Southwest Covington Utility Association Inc

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

EIN: 640538726 ✦ Seminary, MS ✦ Designated as a 501(c)(12)

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Overview

What is Southwest Covington Utility Association Inc?

Southwest Covington Utility Association Inc is a public utility organization situated in Collins, Mississippi. Their primary function is managing and providing essential water services to the local community. Last year, they reported a revenue of $541,150, indicating their significant contribution to the region's water infrastructure. The organization operates with a focus on rural areas, providing essential water services to its residents.

Is Southwest Covington Utility Association Inc legitimate?

Southwest Covington Utility Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwest Covington Utility 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: $313,374

For more financial information, click here

What is the mission statement of Southwest Covington Utility Association Inc?

The Southwest Covington Utility Association Inc serves as a public utility, primarily focusing on operational activities. Its primary mission is to provide essential services, without providing specific details about the services offered. Last year, the organization generated a revenue of $541,150. While the mission statement is not explicitly stated, it can be inferred that the association aims to deliver reliable utility services to its customers, ensuring consistent revenue generation. However, without additional information, a comprehensive mission statement cannot be fully ascertained.

What is the revenue of Southwest Covington Utility Association Inc?

Southwest Covington Utility Association Inc's revenue in 2021 was $546,238.

Who are the executives of Southwest Covington Utility Association Inc and what are their salaries?

The average compensation at Southwest Covington Utility Association Inc during 2021 was $62,675. There are 5 employees at Southwest Covington Utility Association Inc.

Here are 3 key members and their salaries:


James Aycock (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Beasley (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Shows (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Southwest Covington Utility Association Inc?

Southwest Covington Utility Association Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Southwest Covington Utility Association Inc

Southwest Covington Utility Association Inc, as a public utilities organization, carries out its mission by providing essential services in Collins, MS. Their primary role is to operate as a rural water association, ensuring the reliable supply of water to the community. Last year, they reported a total revenue of $541,150, demonstrating their financial sustainability and commitment to their mission. The organization's operations are vital to the community, contributing to the provision of essential resources and maintaining a high standard of public utility services.

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Impact




October, 2024

Southwest Covington Utility Association Inc plays a crucial role in providing essential public utility services in Collins, MS. By operating as a rural water association, it ensures that residents in the area have access to safe and reliable water resources. This is vital for maintaining public health, supporting local businesses, and enhancing the overall quality of life for the community.

With a reported revenue of $541,150 last year, the association is able to fund operations, maintenance, and improvements to the water infrastructure, directly impacting community well-being. Its presence not only addresses fundamental needs but also fosters economic stability by supporting various sectors within the community through reliable water services. Ultimately, the efforts of Southwest Covington Utility Association Inc contribute significantly to the sustainability and development of the area.




This information is meant to be a general summary of Southwest Covington Utility 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
$546,238 (2021)
Expenses
$780,058 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $1,485
  • Program Service Revenue: $544,753
  • Gross Receipts: $546,238

Assets and Liabilities:

  • Total Assets: $3,171,856
  • Total Liabilities: $1,600,392
  • Net Assets: $1,571,464

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Programs

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

WATER SALES
0

Revenue

$539,108

INSTALLATION FEES
0

Revenue

$2,100

CUT-ON AND CUT-OFF FEES
0

Revenue

$1,720

MISCELLANEOUS INCOME
0

Revenue

$1,675

RETURNED CHECK FEES
0

Revenue

$150

Organization Details

Founding Year

1972

Principal Officer

James Aycock

NTEE Category

Code: W80 - Public benefit

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