Overview
What is Milton Water System Inc?
Milton Water System Inc, based in Milton, Louisiana, is a 501(c)(12) nonprofit organization dedicated to providing safe and affordable drinking water to rural residents in Lafayette Parish. Established with the purpose of constructing, maintaining, and operating a private water system, the organization has grown its membership from 4,201 to 4,376 in the current fiscal year. In the normal course of operations, Milton Water System receives contributed water distribution assets from local developers of residential subdivisions, who contribute the water distribution systems in exchange for drinking water for their subdivision residences. The organization's operations contribute significantly to the community by saving residents from the high cost of drilling water wells. With a workforce of seven individuals, Milton Water System Inc continues to serve and meet the water needs of its members in Milton, Louisiana.
Is Milton Water System Inc legitimate?
Milton Water System Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Milton 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: $297,597
For more financial information, click here
What is the mission statement of Milton Water System Inc?
The Milton Water System Inc's mission is centered around maintaining and operating a private water system, constructed for the benefit of its members. This organization was established with the goal of providing a water system that caters to the needs of its community in Louisiana. The water system aims to ensure the availability of safe and affordable drinking water to its members, who would otherwise have to drill expensive water wells. The Milton Water System has seen an increase in its membership, growing from 4,201 to 4,376 in the current fiscal year. In the regular course of operations, the water system receives contributed water distribution assets from local developers of residential subdivisions. These developers contribute the water distribution systems in exchange for drinking water for the subdivision residences. During the current fiscal year, the total cost of contributed water distribution systems stands at zero.
Who is the CEO of Milton Water System Inc?
Bob Bixenman is the President of Milton Water System Inc.
What is the revenue of Milton Water System Inc?
Milton Water System Inc's revenue in 2023 was $1,919,029.
Who are the executives of Milton Water System Inc and what are their salaries?
The average compensation at Milton Water System Inc during 2023 was $42,514. There are 7 employees at Milton Water System Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Milton Water System Inc?
Milton Water System Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Milton Water System Inc
Milton Water System Inc, as a section 501(c)(12) organization, is dedicated to maintaining and operating a private water system. The primary purpose of this nonprofit is to provide affordable and safe drinking water to rural residents in its vicinity. Established with the objective of constructing, maintaining, and operating a water system, Milton Water System Inc addresses the need for water in the area, preventing residents from resorting to expensive well drilling. The organization has seen a growth in its membership, with the number of members increasing from 4,201 to 4,376 in the current fiscal year. Milton Water System Inc receives contributed water distribution assets from local developers of residential subdivisions. In return, the developers contribute the water distribution systems, enabling the subdivision residents to access drinking water. This mission of Milton Water System Inc is essential in ensuring that residents in its region have access to clean and affordable water, thereby improving their quality of life.
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Impact
October, 2024
Milton Water System Inc plays a crucial role in enhancing the quality of life for residents in Milton, Louisiana, by providing safe and affordable drinking water. By maintaining and operating a reliable water system, it ensures that rural residents have access to necessary water services, which they might not afford if they had to drill their own expensive wells.
The system's effectiveness is reflected in its growth, with membership increasing from 4,201 to 4,376 in just one fiscal year, indicating a rising demand for its essential services. Furthermore, Milton Water System Inc collaborates with local developers, receiving contributed water distribution assets from residential subdivisions. This partnership not only expands the water distribution network but also allows residents to access reliable water services without incurring additional costs.
Overall, Milton Water System Inc significantly contributes to the public benefit by ensuring access to essential drinking water in a rural community, fostering both public health and community development.
This information is meant to be a general summary of Milton 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21,145
- Program Service Revenue: $1,897,884
- Gross Receipts: $1,919,029
Assets and Liabilities:
- Total Assets: $7,224,145
- Total Liabilities: $2,072,875
- Net Assets: $5,151,270
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALES
Revenue
$1,897,884
Organization Details
Founding Year
1974
Phone
(337) 856-6206Principal Officer
Bob Bixenman
Main Address
PO BOX 278, MILTON, LA, 705580278
NTEE Category
Code: W80 - Public benefit
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