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Rural Franklinton Water Corporation

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

EIN: 721029733 ✦ Franklinton, LA ✦ Designated as a 501(c)(12)

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Overview

What is Rural Franklinton Water Corporation?

Rural Franklinton Water Corporation is a nonprofit entity situated in rural Franklinton, Louisiana. Its primary mission is to manage and operate a private water system, catering to approximately 1,200 customers in the area. This vital service ensures that residents in the region have reliable access to clean water, playing a significant role in their daily lives and overall well-being.


Official website here: www.ruralfranklintonwater.ruralwaterusa.com

Is Rural Franklinton Water Corporation legitimate?

Rural Franklinton Water Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rural Franklinton Water Corporation 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: $9,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $189,769

For more financial information, click here


Official website here: www.ruralfranklintonwater.ruralwaterusa.com

What is the mission statement of Rural Franklinton Water Corporation?

The Rural Franklinton Water Corporation is dedicated to operating a private water system. Serving approximately 1,200 customers in a rural area, this organization ensures the reliable provision of water. By managing this water system, the corporation plays a crucial role in maintaining water supply in its community. While the mission statement does not explicitly mention advocacy or research, it is clear that the corporation's primary goal is to operate and manage a functional water system effectively.


Official website here: www.ruralfranklintonwater.ruralwaterusa.com

Who is the CEO of Rural Franklinton Water Corporation?

Lenward Thompson is the President of Rural Franklinton Water Corporation.


Official website here: www.ruralfranklintonwater.ruralwaterusa.com

What is the revenue of Rural Franklinton Water Corporation?

Rural Franklinton Water Corporation's revenue in 2022 was $647,013.


Official website here: www.ruralfranklintonwater.ruralwaterusa.com

Who are the executives of Rural Franklinton Water Corporation and what are their salaries?

The average compensation at Rural Franklinton Water Corporation during 2022 was $33,212. There are 6 employees at Rural Franklinton Water Corporation.


Here are 5 key members and their salaries:


Lenward Thompson (President)
  • Compensation: $2,700
  • Related: $0
  • Other: $0
Lb Rogers (Vice President)
  • Compensation: $1,700
  • Related: $0
  • Other: $0
Desmond Smith (Secretary/Treasurer)
  • Compensation: $1,700
  • Related: $0
  • Other: $0
Clifford Jefferson (Member)
  • Compensation: $1,700
  • Related: $0
  • Other: $0
Reginald Mcmasters (Member)
  • Compensation: $1,700
  • Related: $0
  • Other: $0


Official website here: www.ruralfranklintonwater.ruralwaterusa.com

Where can I find the form 990 for Rural Franklinton Water Corporation?

Rural Franklinton Water Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ruralfranklintonwater.ruralwaterusa.com

Learn more at the official website: www.ruralfranklintonwater.ruralwaterusa.com

Mission Statement of Rural Franklinton Water Corporation

Rural Franklinton Water Corporation, a private entity, is dedicated to managing a water system. Its mission is to provide reliable water services to approximately 1,200 customers residing in rural Franklinton, Louisiana. By operating this water system, the corporation ensures an essential resource is readily available to its clientele. The corporation's activities are focused on maintaining the water system's quality and ensuring an uninterrupted supply of water to its customers. The organization's work is vital in ensuring the daily needs of its customers, such as drinking, cooking, and cleaning, are met.

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Impact




October, 2024

Rural Franklinton Water Corporation has a significant impact on the community by providing essential water services to 1,200 customers in rural Franklinton, LA. By operating a private water system, it ensures that residents have access to safe and reliable drinking water, which is crucial for health, sanitation, and overall quality of life. The corporation plays a vital role in supporting the local community, facilitating not just basic hydration and cooking needs but also contributing to agricultural activities and food production in the area. Its presence helps foster a healthier and more sustainable environment for families and businesses alike, underlining the importance of reliable water infrastructure in rural settings.




This information is meant to be a general summary of Rural Franklinton Water Corporation. 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
$647,013 (2022)
Expenses
$661,772 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7
  • Program Service Revenue: $643,602
  • Gross Receipts: $647,013

Assets and Liabilities:

  • Total Assets: $1,521,272
  • Total Liabilities: $859,921
  • Net Assets: $661,351

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Programs

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

WATER SALES

Revenue

$613,905

INSTALLATION AND RECON

Revenue

$29,697

Organization Details

Founding Year

1974

Principal Officer

Lenward Thompson

Main Address

422 11TH AVENUE, FRANKLINTON, LA, 70438

NTEE Category

Code: K20 - Food

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