2024-09-16T09:20:09-04:00 2024-04-30 640394922 WATKINS WARD AND STAFFORD PLLC 900B HIGHWAY 19 S MERIDIAN MS 393015527 990 2023-05-01 640472961 NORTH LAUDERDALE WATER ASSOCIATION NORT 6016816157 P O BOX 143 BAILEY MS 39320 TODD KIEFER PRESIDENT 6016816157 2024-08-07 true false MARY G WILLIAMS CPA P00574934 6016936105 2024-08-07 2023 2024-08-08 14:25:15Z TODD KIEFER 420 EAGLE DRIVE MERIDIAN MS 39305 2752368 false X WWW.NORTHLAUDERDALEWATER.COM X 1966 MS NORTH LAUDERDALE WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN NORTH CENTRAL LAUDERDALE COUNTY, MISSISSIPPI. 5 5 19 0 259277 1291 2734835 2653439 63644 95938 0 3057756 2750668 0 0 843312 852749 0 0 1710518 1837968 2553830 2690717 503926 59951 10538235 10356791 6251919 6010524 4286316 4346267 X NORTH LAUDERDALE WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN NORTH CENTRAL LAUDERDALE COUNTY, MISSISSIPPI. false false 600854 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 ALONG WITH EQUIPMENT USED TO MAINTAIN INTERNET SERVICES. DEPRECIATION IS CLAIMED UTILIZING THE STRAIGHT LINE METHOD OF DEPRECIATION. 524913 SALARIES EXPENSE - ALL EMPLOYEES OF THE ASSOCIATION WORK FOR THE BETTERMENT OF THE ASSOCIATION TO KEEP THE WELLS RUNNING AND SERVING ALL CUSTOMERS. 249261 INTEREST EXPENSE - NORTH LAUDERDALE WATER ASSOCIATION, INC. COMPLETED A LARGE REDESIGN AND UPGRADE OF THE WATER SYSTEM, INCLUDING A NEW WATER STORAGE TANK. A LARGE PORTION OF THE REVENUE IS USED TO SERVICE THE DEBT TO THIS PROJECT. 1036309 NORTH LAUDERDALE WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER AND INTERNET SERVICES TO CUSTOMERS IN A RURAL AREA IN NORTH CENTRAL LAUDERDALE COUNTY, MISSISSIPPI. 1036309 2411337 false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 11 0 19 true false false false false false 2653439 97229 false false false X 5 5 false false false false true true false true true false false true true false false false false true true false MS X LINDA GREEN 6016816157 9709 MOUNT CARMEL ROAD BAILEY MS 39320 TODD KIEFER PRESIDENT 30.00 X X 65830 0 0 JOHN LAMBERTH SECRETARY 10.00 X X 1300 0 0 PAUL GOLDMAN VICE PRESIDE 10.00 X X 1200 0 0 ZENA LIMERICK DIRECTOR 10.00 X 1200 0 0 LANCE PRICE DIRECTOR 10.00 X 200 0 0 69730 false false false 1291 1291 WATER SALES 221000 2466403 2466403 INTERNET SERVICES INCOME 221000 111160 111160 LATE PENALTIES 221000 45898 45898 SERVICE FEES 221000 22863 22863 ALL OTHER PROGRAMS 221000 6115 6115 1000 1000 2653439 91743 91743 5895 1700 4195 4195 4195 2750668 2749377 699884 524913 174971 98537 73903 24634 54328 40746 13582 19136 13736 5400 190095 147085 43010 178550 178550 2929 2929 249261 249261 600854 600854 49676 49676 RECAPITALIZATION-WATER 153662 153662 SUPPLIES - WATER 92399 92399 CHEMICALS 86956 86956 AUTO - WATER 78690 78690 135760 117977 17783 2690717 2411337 279380 0 255492 98293 347299 257325 65169 97020 107068 219820 270934 98349 24789 21535989 13244597 8511681 8291392 943405 1306990 10538235 10356791 88656 105934 5996872 5717123 166391 187467 6251919 6010524 X 4286316 4346267 4286316 4346267 10538235 10356791 59951 X false true X true false 140589 140589 253020 150777 102243 480192 390484 89708 20662188 12703336 7958852 8291392 CDS - LONG-TERM 508315 RESTRICTED CDS - DSR 465572 RESTRICTED CDS-METER DEPOSITS 187467 COBANK STOCK 131638 INTEREST REC ON LONG-TERM CDS 13998 1306990 MEMBERS' METER DEPOSITS 187467 187467 X 2750668 2750668 2750668 2690717 2690717 2690717 SCHEDULE D, PAGE 3, PART X THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THESE FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. THE ASSOCIATION FILES ITS FORM 990 ANNUALLY WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART III FORM 990, PART III, SECTION 4D, OTHER PROGRAM SERVICES: WATER INTERNET TOTAL AUTO EXPENSE 78,690 4,326 83,016 BAD DEBTS 11,510 - 11,510 CHEMICALS 86,956 - 86,956 CONTRACT SERVICES - 41,380 41,380 ELECTRICITY EXPENSE 178,550 - 178,550 EMPLOYEE BENEFITS 64,838 9,065 73,903 EQUIPMENT RENTALS 1,043 - 1,043 INSURANCE 49,676 - 49,676 OFFICE EXPENSES 129,031 - 129,031 PAYROLL TAX EXPENSE 35,748 4,998 40,746 POSTAGE 18,054 - 18,054 PROFESSIONAL FEES 1,600 - 1,600 RECAPITALIZATION EXPENSES 153,662 3,077 156,739 REPAIRS & MAINTENANCE 24,554 - 24,554 SUPPLIES AND CONSUMABLES 92,399 893 93,292 TELEPHONE AND INTERNET 14,241 - 14,241 TRAVEL 2,929 - 2,929 UNIFORMS 16,953 - 16,953 WATER ANALYSIS FEE 12,136 - 12,136 TOTAL PROGRAM SERVICES 972,570 63,739 1,036,309 FORM 990, PAGE 2, PART III, LINE 4D NORTH LAUDERDALE WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER AND INTERNET SERVICES TO CUSTOMERS IN A RURAL AREA IN NORTH CENTRAL LAUDERDALE COUNTY, MISSISSIPPI. FORM 990, PAGE 6, PART VI, LINE 6 THE GOVERNING BODY CONSISTS OF 5 INDEPENDENT, VOTING MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE GOVERNING BODY CONSISTS OF 5 INDEPENDENT, VOTING MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B ASSOCIATION PROVIDES A COMPLETE COPY OF FORM 990 TO ALL BOARD MEMBERS BEFORE FILING FORM. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES OF ALL EMPLOYEES ARE SET BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES OF ALL EMPLOYEES ARE SET BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS & THE CONFLICT OF INTEREST POLICY ARE AVAILABLE AT THE OFFICE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE FOR REVIEW BY ASSOCIATION.