Village Water System Inc

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

EIN: 720683897 ✦ Princeton, LA ✦ Designated as a 501(c)(12)

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Overview

What is Village Water System Inc?

Village Water System Inc is a nonprofit organization situated in Princeton, Louisiana, primarily engaged in the distribution of water to the rural areas of Bossier and Webster parishes. Acting as a public utilities provider, it plays a crucial role in ensuring an adequate water supply to the community. The organization's mission revolves around water distribution, making it an essential service provider in the region.


Official website here: www.villagewatersysinc.org

Is Village Water System Inc legitimate?

Village Water System Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Village 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: $315,211
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.villagewatersysinc.org

What is the mission statement of Village Water System Inc?

Village Water System Inc, as a public utilities organization, is primarily focused on distributing water to rural communities in Bossier and Webster Parishes. Their mission, in essence, is to ensure a reliable water supply to these regions, thereby contributing to the basic necessities of the local population. By operating as a water distribution service, Village Water System Inc plays a crucial role in sustaining the daily lives of its community members. The organization does not disclose additional information regarding its mission beyond water distribution, leaving its broader goals or objectives undefined.


Official website here: www.villagewatersysinc.org

Who is the CEO of Village Water System Inc?

Mike Thornton is the Secretary of Village Water System Inc.


Official website here: www.villagewatersysinc.org

What is the revenue of Village Water System Inc?

Village Water System Inc's revenue in 2022 was $2,596,846.


Official website here: www.villagewatersysinc.org

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

The average compensation at Village Water System Inc during 2022 was $52,535. There are 6 employees at Village Water System Inc.


Here are 8 key members and their salaries:


Charles Branton (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Hohnemann (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Thornton (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Kreid (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd France (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Burris (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Beatty (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salin J Fayard (Manager)
  • Compensation: $94,285
  • Related: $0
  • Other: $0


Official website here: www.villagewatersysinc.org

Where can I find the form 990 for Village Water System Inc?

Village Water System Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.villagewatersysinc.org

Learn more at the official website: www.villagewatersysinc.org

Mission Statement of Village Water System Inc

Village Water System Inc, as a mission-driven organization, focuses on water distribution. Serving rural areas in Bossier and Webster parishes, this public utilities company operates from Princeton, LA. Its primary objective is to provide a vital resource: water, ensuring that communities in these areas have access to this essential element. By functioning as a water distributor, Village Water System Inc plays a crucial role in maintaining the livelihood and well-being of the rural communities it serves.

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Impact




October, 2024

Village Water System Inc plays a crucial role in enhancing the quality of life for residents in rural Bossier and Webster Parishes. By providing reliable water distribution services, it ensures that these communities have access to clean and safe drinking water, which is essential for maintaining health and wellbeing.

The organization serves as a vital public utilities provider, addressing the unique challenges faced by rural populations who might otherwise struggle with inadequate water supply. This access to safe water supports various aspects of daily life, including hygiene, sanitation, and agriculture, ultimately fostering a healthier and more productive community.

In addition to improving individual and community health, Village Water System Inc contributes to the overall development and sustainability of the region. Reliable water access can empower local economies, support educational initiatives, and enhance the quality of life for all residents. Through its mission, Village Water System Inc makes a significant positive impact on the communities it serves in Princeton, LA, and beyond.




This information is meant to be a general summary of Village 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
$2,596,846 (2022)
Expenses
$2,437,576 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $21,849
  • Program Service Revenue: $2,574,997
  • Gross Receipts: $2,622,939

Assets and Liabilities:

  • Total Assets: $5,729,098
  • Total Liabilities: $767,636
  • Net Assets: $4,961,462

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Programs

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

WATER SALES

Revenue

$2,574,997

Organization Details

Founding Year

1967

Principal Officer

Mike Thornton

Main Address

PO BOX 96, PRINCETON, LA, 71067

NTEE Category

Code: W80 - Public benefit

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