Overview
What is East Madison Water Association Inc?
East Madison Water Association Inc, based in Canton, Mississippi, is a nonprofit organization dedicated to providing water services to approximately 2800 members. Their mission is to offer water at the most affordable price possible, ensuring the community's needs are met effectively. With a team of nine dedicated individuals, the association works tirelessly to maintain and improve its water services, ensuring reliable and affordable access to this essential resource for its members.
Is East Madison Water Association Inc legitimate?
East Madison Water Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. East Madison 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: $70,432
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,286
For more financial information, click here
What is the mission statement of East Madison Water Association Inc?
The East Madison Water Association Inc's mission is centered around providing water services to approximately 2800 members within its system. This organization strives to offer these water supplies at the most affordable price possible. By doing so, they aim to ensure that their services are accessible and affordable for all their members. This goal of providing water at the lowest cost is a fundamental part of their operations and mission.
Who is the CEO of East Madison Water Association Inc?
Leroy Lacy is the General Manager of East Madison Water Association Inc.
What is the revenue of East Madison Water Association Inc?
East Madison Water Association Inc's revenue in 2023 was $1,244,798.
Who are the executives of East Madison Water Association Inc and what are their salaries?
The average compensation at East Madison Water Association Inc during 2023 was $30,191. There are 9 employees at East Madison Water Association Inc.
Here are 8 key members and their salaries:
- Compensation: $46,282
- Related: $0
- Other: $0
- Compensation: $4,850
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for East Madison Water Association Inc?
East Madison Water Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of East Madison Water Association Inc
East Madison Water Association Inc, in its mission, strives to provide water to its approximately 2800 members at the most affordable price possible. This nonprofit organization is dedicated to ensuring that its community has access to clean and reliable water supplies, operating with a commitment to keeping costs low. By doing so, East Madison Water Association Inc demonstrates its dedication to the well-being and comfort of its members, ensuring that they can meet their basic water needs without undue financial burden.
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Impact
October, 2024
East Madison Water Association Inc plays a vital role in ensuring that approximately 2,800 members in Canton, MS, have access to essential water services. By providing water at the lowest possible cost, the association supports the health and well-being of the community. This reliable access to water not only enhances the quality of life for residents but also fosters economic stability and growth within the area.
The organization’s commitment to affordability helps alleviate financial burdens on families and individuals, making it easier for them to allocate resources to other important aspects of their lives. Additionally, the availability of clean and safe water contributes to public health, reducing the risk of waterborne diseases and promoting better hygiene practices among the community.
Overall, East Madison Water Association Inc's impact on the Canton community is significant, reinforcing the importance of reliable water access for both individual prosperity and collective public benefit.
This information is meant to be a general summary of East Madison 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: $2,523
- Program Service Revenue: $1,236,045
- Gross Receipts: $1,248,839
Assets and Liabilities:
- Total Assets: $5,262,542
- Total Liabilities: $2,956,573
- Net Assets: $2,305,969
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER REVENUE
Revenue
$1,233,643
OTHER
Revenue
$2,402
Organization Details
Founding Year
1968
Principal Officer
Leroy Lacy
Main Address
P O BOX 533, CANTON, MS, 39046
NTEE Category
Code: W80 - Public benefit
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