Program areas at Toomsuba Water System
Depreciation expense - depreciation is claimed on the Water distribution System and all equipment required to maintain and service the well, distribution System, and treatment facility. Depreciation is claimed utilizing the straight line method of depreciation.
Interest expense - Toomsuba Water System, Inc. Recently completed a large expansion and upgrade of the Water System. A large portion of the revenue is used to service the debt to this project.
Salaries expense - all employees of the association work for the betterment of the association to keep the wells running and serving all customers.
Toomsuba Water System, Inc. Provides Water to customers in a rural area in Toomsuba, Mississippi.
Personnel at Toomsuba Water System
| Name | Title | Compensation | Date of data |
|---|
| Wl Barrett | President | $4,740 | 2024-08-08 |
| Billy Stuckey | Vice President | $540 | 2023-12-31 |
| Brandon Harper | Secretary and Treasure | $540 | 2023-12-31 |
Financials for Toomsuba Water System
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $755,214 | $574,886 | 31.4% |
| Investment income and dividends | $12,671 | $1,847 | 586% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $20,446 | -100% |
| Total revenues | $767,885 | $597,179 | 28.6% |
Organizations like Toomsuba Water System
| Organization | Type | Location | Revenue |
|---|
| Copiah Water Association | 501(c)(12) | Gallman, MS | $1,434,167 |
| Skidmore Water Supply Corporation | 501(c)(12) | Skidmore, TX | $563,259 |
| El Jardin Water Supply Corporation | 501(c)(12) | Brownsville, TX | $3,044,092 |
| Central Yazoo Water Association | 501(c)(12) | Yazoo City, MS | $2,435,710 |
| Clarkdale Water Association | 501(c)(12) | Meridian, MS | $883,550 |
| Morton Valley Water Supply Corporation | 501(c)(12) | Eastland, TX | $358,416 |
| United Water System | 501(c)(12) | Arnaudville, LA | $637,235 |
| Clark Rural Water System | 501(c)(12) | Clark, SD | $1,840,241 |
| Kossuth Water Association | 501(c)(12) | Kossuth, MS | $1,289,676 |
| Southwest Lauderdale Water Association | 501(c)(12) | Meridian, MS | $1,139,115 |
Data update history
November 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 24, 2023
Used new vendors
Identified 1 new vendor, including
August 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 1, 2023
Updated personnel
Identified 1 new personnel
April 24, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
MembershipsState / local levelReceives government funding
General information
- Address
- PO Box 520
- Toomsuba, MS 39364
- County
- Lauderdale County, MS
- Website URL
- toomsubawater.com/
- Phone
- (601) 632-4366
IRS details
- EIN
- 64-0679774
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1962
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W80: Public Utilities
- NAICS code, primary
- 2213: Water, Sewage, and Air Systems
- Parent/child status
- Independent
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