Monterey Rural Water System Inc

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

EIN: 720708753 ✦ Monterey, LA ✦ Designated as a 501(c)(12)

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Overview

What is Monterey Rural Water System Inc?

Monterey Rural Water System Inc is a nonprofit organization, specifically a Rural Water association, situated beyond urban areas. Their primary goal is to ensure affordable water services for their members. By operating as a Rural Water association, they focus on providing water service to their community members at an economical price, ensuring accessibility and affordability for all. The organization's mission is deeply rooted in this commitment to its members.

Is Monterey Rural Water System Inc legitimate?

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

For more financial information, click here

What is the mission statement of Monterey Rural Water System Inc?

Monterey Rural Water System Inc is dedicated to fulfilling its mission as a rural water association. This mission revolves around providing essential water services to its members at an affordable cost. The organization strives to ensure that water service is accessible and economical for its members, thereby playing a vital role in their everyday lives. By prioritizing cost-effectiveness, Monterey Rural Water System Inc demonstrates its commitment to the well-being and needs of its membership base.

Who is the CEO of Monterey Rural Water System Inc?

Milton Sanders is the President of Monterey Rural Water System Inc.

What is the revenue of Monterey Rural Water System Inc?

Monterey Rural Water System Inc's revenue in 2022 was $1,698,106.

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


Here are 5 key members and their salaries:


Milton Sanders (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Wade (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Lipsey (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Van Strebeck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Monterey Rural Water System Inc?

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

Mission Statement of Monterey Rural Water System Inc

Monterey Rural Water System Inc, as a Rural Water association, is committed to fulfilling a mission that prioritizes the provision of water services to its members at an affordable cost. The organization's primary objective is to ensure that its members have access to essential water resources at a price that is reasonable and manageable for them. By focusing on cost-effectiveness, Monterey Rural Water System Inc aims to make water services more accessible and less burdensome for its rural community members.

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Impact




October, 2024

Monterey Rural Water System Inc plays a crucial role in ensuring that residents of Monterey, Louisiana, have access to affordable water services. By focusing on providing water at a low cost, the organization enhances the quality of life for its members, supporting both individual health and community well-being. Access to reliable and affordable water is essential for daily living, agriculture, and local businesses, thus fostering economic stability within the region. The organization's commitment to keeping water service costs low allows members to allocate their resources more effectively, contributing to a stronger, more sustainable community overall.




This information is meant to be a general summary of Monterey Rural 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
$1,698,106 (2022)
Expenses
$1,451,573 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $882
  • Program Service Revenue: $1,545,080
  • Gross Receipts: $1,698,106

Assets and Liabilities:

  • Total Assets: $7,102,430
  • Total Liabilities: $4,507,625
  • Net Assets: $2,594,805

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Programs

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

WATER SALES

Revenue

$1,479,298

CONNECTION FEE

Revenue

$24,750

RECONNECT FEE

Revenue

$20,205

LATE PAY PENALTIES

Revenue

$19,787

OTHER

Revenue

$1,040

Organization Details

Founding Year

1970

Principal Officer

Milton Sanders

Main Address

PO BOX 157, MONTEREY, LA, 71354

NTEE Category

Code: W80 - Public benefit

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