LEE COUNTY WATER ASSOCIATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: LEE COUNTY WATER ASSOCIATION INC (EIN 71-0446632)
Tax period: 2012-11-01 to 2013-10-31
Filed: 2014-03-11
IRS object ID: 201440709349300629
Schema version: 2012v2.3
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2014-03-11T14:57:50-05:00	Timestamp
Tax Period End Date	2013-10-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CARLOW GENTRY & ASSOCIATES PLLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	18 W MAIN ST	AddressLine1
City	MARIANNA	City
State	AR	State
ZIP Code	72360	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-11-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	710446632	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	LEE COUNTY WATER ASSOCIATION INC	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	LEEC	NameControl
Phone	8702956019	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 537	AddressLine1
City	MARIANNA	City
State	AR	State
ZIP Code	72360	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JACK OXNER	Name
Title	PRESIDENT	Title
Phone	8702956019	Phone
Date Signed	2014-03-11	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	DONALD R CARLOW CPA	Name
Phone	8702955296	Phone
Date Prepared	2014-03-11	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JACK OXNER	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 537	AddressLine1
City	MARIANNA	City
State	AR	State
ZIP Code	72360	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1472685	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1970	YearFormation
State Legal Domicile	AR	StateLegalDomicile
Activity Or Mission Description	PROVIDING PORTABLE WATER TO MEMBERS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	9	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	730777	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	2099	InvestmentIncomePriorYear
Investment Income Current Year	1087	InvestmentIncomeCurrentYear
Other Revenue Prior Year	622125	OtherRevenuePriorYear
Other Revenue Current Year	588569	OtherRevenueCurrentYear
Total Revenue Prior Year	624224	TotalRevenuePriorYear
Total Revenue Current Year	1320433	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	261404	SalariesEtcPriorYear
Salaries Etc Current Year	260161	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	283449	OtherExpensePriorYear
Other Expenses Current Year	291084	OtherExpensesCurrentYear
Total Expenses Prior Year	544853	TotalExpensesPriorYear
Total Expenses Current Year	551245	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	79371	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	769188	RevenuesLessExpensesCY
Total Assets BOY	3336983	TotalAssetsBOY
Total Assets EOY	4152615	TotalAssetsEOY
Total Liabilities BOY	1108448	TotalLiabilitiesBOY
Total Liabilities EOY	1154892	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2228535	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2997723	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDING PORTABLE WATER TO MEMBERS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	551245	Expense
Revenue	589656	Revenue
Description	THE ASSOCIATION PROVIDED POTABLE WATER TO APPROXIMATELY 1,821 MEMBERS LOCATED IN RURAL LEE COUNTY, ARKANSAS DURING THE YEAR.	Description
Total Program Service Expense	551245	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	9	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	9	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Gross Income From Members	740821	GrossIncomeFromMembers
Gross Income Other Sources	1087	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	5	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	false	ConflictOfInterestPolicy
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	ASSOCIATION	NamePerson
Telephone Number	8702956019	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	34 W CHESTNUT ST	AddressLine1
City	MARIANNA	City
State	AR	State
ZIP Code	72360	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (6 entries)

TitleTitle	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Average Hours Per WeekAverageHoursPerWeek
WANDA BALLARD
DIRECTOR/SEC	X	X	1415	0	0
EARNEST SPARKS
DIRECTOR	X		1415	0	0
JACK OXNER
DIRECTOR/PRE	X	X	1300	0	0
BOBBY HOLMES
DIRECTOR/V P	X	X	1185	0	0
WAYNE TRAYLOR
DIRECTOR	X		1070	0	0
JACK T BEAUCHAMP
MANAGER		X	48672	0	0	40.00

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	55057	TotalReportableCompFromOrg
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	730777	GovernmentGrants
Total Contributions	730777	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1087	TotalRevenueColumn
Related Or Exempt Function Income	1087	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	663010	GrossSalesOfInventory
Cost Of Goods Sold	152252	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	510758	TotalRevenueColumn
Related Or Exempt Function Income	510758	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescription	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
INSPECTIONS & OTHER INCOME	36118	36118
PENALTIES & CONNECTION FEES	26770	26770
COLLECTION FEES	14923	14923

Field	Value	IRS element (for citing)
Total Other Revenue	77811	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1320433	TotalRevenueColumn
Related Or Exempt Function Income	589656	RelatedOrExemptFunctionIncome

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	55057	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	154032	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	33567	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	17505	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	7650	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12300	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	19856	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	5457	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	7048	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	46085	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	97607	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
REPAIRS & MAINTENANCE	20673
INSURANCE	20008
FUEL	19513
OPERATING SUPPLIES	18224

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	16663	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	551245	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	25738	BOY
EOY	27998	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	1016665	BOY
EOY	1146005	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	141728	BOY
EOY	132578	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	4983	BOY
EOY	4656	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	5287825	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2446932	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2147374	BOY
EOY	2840893	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	495	BOY
EOY	485	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	3336983	BOY
EOY	4152615	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	83161	BOY
EOY	53451	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	914103	BOY
EOY	841478	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	111184	BOY
EOY	259963	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1108448	BOY
EOY	1154892	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	2011847	BOY
EOY	2798033	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	216688	BOY
EOY	199690	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2228535	BOY
EOY	2997723	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3336983	BOY
EOY	4152615	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	769188	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	false	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	35943	OtherCostOrOtherBasis
Book Value	35943	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	109959	OtherCostOrOtherBasis
Depreciation	107346	Depreciation
Book Value	2613	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	175067	OtherCostOrOtherBasis
Depreciation	137424	Depreciation
Book Value	37643	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	4966856	OtherCostOrOtherBasis
Depreciation	2202162	Depreciation
Book Value	2764694	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2840893	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
A/P - CONSTRUCTION	$147,336
CUSTOMER METER DEPOSITS	$112,627

Field	Value	IRS element (for citing)
Total Of Amounts	259963	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	1320433	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	1320433	RevenueSubtotal
Total Revenue Per Form990	1320433	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	551245	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	551245	ExpensesSubtotal
Total Expenses Per Form990	551245	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
CLASSES OF MEMBERS OR STOCKHOLDERS	FORM 990, PAGE 6, PART VI, LINE 6	THE ORGANIZATION HAS MEMBERS.
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	MEMBERS ELECT THE BOARD OF DIRECTORS
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	NO REVIEW WAS OR WILL BE CONDUCTED
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	NO DOCUMENTS AVAILABLE TO THE PUBLIC