INDEPENDENCE WATER ASSOCIATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: INDEPENDENCE WATER ASSOCIATION INC (EIN 64-0468397)
Tax period: 2012-10-01 to 2013-09-30
Filed: 2013-12-14
IRS object ID: 201303489349300405
Schema version: 2012v2.1
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 A
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-12-14T22:09:08-06:00	Timestamp
Tax Period End Date	2013-09-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	640759790	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RB Financial Services Inc	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	101 Sweet Gum	AddressLine1
City	Batesville	City
State	MS	State
ZIP Code	38606	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-10-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	640468397	EIN

Name Name

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

Field	Value	IRS element (for citing)
Name Control	INDE	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1247 BENSON ROAD	AddressLine1
City	COURTLAND	City
State	MS	State
ZIP Code	38620	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	JIMMY HERRON	Name
Title	PRESIDENT	Title
Phone	6625633635	Phone
Date Signed	2013-12-14	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Raymond Belk	Name
PTIN	P00241906	PTIN
Phone	6625637154	Phone
Date Prepared	2013-12-14	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	JIMMY HERRON	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	BENSON ROAD	AddressLine1
City	COURTLAND	City
State	MS	State
ZIP Code	38620	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	197263	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1967	YearFormation
State Legal Domicile	MS	StateLegalDomicile
Activity Or Mission Description	PROVIDE SAFE DRINKING WATER	ActivityOrMissionDescription
Nbr Voting Members Governing Body	5	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	5	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	185421	ProgramServiceRevenuePriorYear
Program Service Revenue CY	197237	ProgramServiceRevenueCY
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	35	OtherRevenuePriorYear
Other Revenue Current Year	26	OtherRevenueCurrentYear
Total Revenue Prior Year	185456	TotalRevenuePriorYear
Total Revenue Current Year	197263	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	169374	OtherExpensePriorYear
Other Expenses Current Year	181030	OtherExpensesCurrentYear
Total Expenses Prior Year	169374	TotalExpensesPriorYear
Total Expenses Current Year	181030	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	16082	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	16233	RevenuesLessExpensesCY
Total Assets BOY	672261	TotalAssetsBOY
Total Assets EOY	714736	TotalAssetsEOY
Total Liabilities BOY	220333	TotalLiabilitiesBOY
Total Liabilities EOY	246575	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	451928	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	468161	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE SAFE DRINKING WATER	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	181030	Expense
Revenue	197263	Revenue
Description	INDEPENDENCE WATER ASSOCIATION IS A RURAL WATER ASSOCIATION SERVING 600 PLUS HOUSEHOLDS WITH SAFE DRINKING WATER	Description
Total Program Service Expense	181030	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
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	false	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
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	0	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	197263	GrossIncomeFromMembers
Gross Income Other Sources	26	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	true	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	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MS	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	SCOOTIE MURPHREE	NamePerson
Telephone Number	6625633635	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	HWY 35 SOUTH	AddressLine1
City	BATESVILLE	City
State	MS	State
ZIP Code	38606	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (5 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
Robert Webster
DIR	3.00	X	0	0	0
STEVIE MCMINN
DIR	3.00	X	0	0	0
CHRIS BEARDAIN
VP	3.00		0	0	0	X
JIMMY HERRON
PRES	12.00		14400	0	0	X	X
SCOOTIE MURPHREE
SECTREAS	3.00		0	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	14400	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
WATER SALES	900099	190275	190275
INSTALLATIONS	900099	1750	1750
LATE FEES	900099	4912	4912
MEMBERSHIP DUES	900099	300	300

Field	Value	IRS element (for citing)
Total Program Service Revenue	197237	TotalProgramServiceRevenue

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	INTEREST INCOME	Description
Business Code	900099	BusinessCode
Total Revenue Column	26	TotalRevenueColumn
Related Or Exempt Function Income	26	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	26	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	197263	TotalRevenueColumn
Related Or Exempt Function Income	197263	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	14400	Total
Program Services	14400	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	600	Total
Program Services	600	ProgramServices

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	45998	Total
Program Services	45998	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	11974	Total
Program Services	11974	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	30960	Total
Program Services	30960	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	4236	Total
Program Services	4236	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
TELEPHONE/POSTAGE	4246	4246
OFFICE EXP/WATER ANALY	4242	4242
UTILITIES	38501	38501
METER READIING	14610	14610

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	11263	Total
Program Services	11263	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	181030	Total
Program Services	181030	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	12293	BOY
EOY	10652	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	33452	BOY
EOY	41871	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	32177	BOY
EOY	33241	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	7800	BOY
EOY	7600	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	548	BOY
EOY	387	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	1367928	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	746963	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	585971	BOY
EOY	620965	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	20	BOY
EOY	20	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	672261	BOY
EOY	714736	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	3969	BOY
EOY	2756	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	198982	BOY
EOY	231453	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	17382	BOY
EOY	12366	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	220333	BOY
EOY	246575	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	18155	BOY
EOY	18455	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	433773	BOY
EOY	449706	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	451928	BOY
EOY	468161	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	672261	BOY
EOY	714736	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	16233	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	true	AccountantCompileOrReview

Accountant Compile Or Review Basis AccountantCompileOrReviewBasis

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

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

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Testing For Public Safety509a4	X	TestingForPublicSafety509a4

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	1367928	OtherCostOrOtherBasis
Depreciation	746963	Depreciation
Book Value	620965	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	620965	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	UTILITY DEPOSIT	Description
Book Value	20	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	20	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	CUSTOMER METER DEP	Description
Amount	$12,366	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	12366	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
O01	Members or stockholder classes and rights Part VI line 6	ALL MEMBERS HAVE RIGHT TO VOTE AN MEMBERSHIP MEETINGS
O02	Member election for additional members Part VI line 7a	MEMBERS ELECT OFFICERS AND DIRECTORS AT THE ANNUAL MEETING
O03	Governing body decisions Part VI line 7b	MINUTES ARE TAKEN AT EACH MEETING OF THE GOVERNING BODY
O04	Form 990 governing body review Part VI line 11	FORM 990 WAS PRESENT TO AND REVIEWED BY THE GOVERNING BODY BEFORE FILING
O05	Conflict of interest policy compliance Part VI line 12c	THE CONFLICT OF INTEREST POLICY IS REVIEWED AND DISCUSSED AT EACH MEETING TO ENSURE COMPLIANCE
O06	CEO executive director top management comp Part VI line 15a	ANY COMPENSATION OF ANY MEMBER MUST BE APPROVED BY THE OFFICERS AND DIRECTORS WITH MEMBER APPROVAL
O07	Other officer or key employee compensation Part VI line 15b	ANY OFFICER COMPENSATION MUST BE APPROVED BY MEMBERSHIP
O08	Governing documents etc available to public Part VI line 19	FORM 990 IS AVAILABLE FOR INSPECTION UPON REQUEST BY ANY MEMBER