2026-07-29T11:24:03-04:00 2026-04-30 640394922 WATKINS WARD AND STAFFORD PLLC 900B HIGHWAY 19 S MERIDIAN MS 393015527 990 2025-05-01 640472961 NORTH LAUDERDALE WATER ASSOCIATION NORT 6016816157 P O BOX 143 BAILEY MS 39320 TODD IKE KIEFER PRESIDENT 6016816157 2026-07-23 true MARY G WILLIAMS CPA P00574934 6016936105 2026-07-23 2025 2025-03-06 01:10:19Z TODD IKE KIEFER 420 EAGLE DRIVE MERIDIAN MS 39305 3407802 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 466391 2806942 2858056 78207 83355 0 2885149 3407802 0 0 915907 891173 0 0 1931381 1923456 2847288 2814629 37861 593173 10258143 11149796 5759029 6057509 4499114 5092287 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 560670 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. 539387 SALARIES EXPENSE - ALL EMPLOYEES OF THE ASSOCIATION WORK FOR THE BETTERMENT OF THE ASSOCIATION TO KEEP THE WELLS RUNNING AND SERVING ALL CUSTOMERS. 230552 INTEREST EXPENSE - NORTH LAUDERDALE WATER ASSOCIATION, INC. HAS COMPLETED SEVERAL NEW UPGRADES OF THE WATER SYSTEM. A LARGE PORTION OF THE REVENUE IS USED TO SERVICE THE DEBT TO THESE PROJECTS. 1187507 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. 1187507 2518116 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 true false false false false false false false false false false true 18 0 19 true false false false false false 2848627 559175 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 IKE KIEFER 6016816157 9709 MOUNT CARMEL ROAD BAILEY MS 39320 TODD IKE KIEFER PRESIDENT 30.00 X X 57847 0 0 JOHN LAMBERTH SECRETARY 10.00 X X 1500 0 0 LANCE PRICE DIRECTOR 10.00 X 1400 0 0 ZENA LIMERICK VICE PRESIDE 10.00 X 1300 0 0 STEVE MURRAY DIRECTOR 10.00 X 900 0 0 62947 false false false 466391 466391 WATER SALES 221000 2718602 2718602 LATE PENALTIES 221000 55146 55146 INTERNET SERVICES INCOME 221000 44215 44215 SERVICE FEES 221000 29514 29514 ALL OTHER PROGRAMS 221000 9429 9429 1150 1150 2858056 83355 83355 3407802 2941411 719183 539387 179796 120839 90629 30210 51151 38363 12788 21614 14748 6866 237438 183838 53600 164229 164229 5275 5275 230552 230552 560670 560670 66530 66530 RECAPITALIZATION-WATER 192009 192009 SUPPLIES - WATER 177839 177839 CHEMICALS 83398 83398 AUTO - WATER 80170 80170 103732 90479 13253 2814629 2518116 296513 0 X 107423 208608 531399 687769 227205 201596 212900 280615 303756 28597 24266 22689954 14058162 8076714 8631792 1031799 853500 10258143 11149796 130942 334864 5418461 5493589 209626 229056 5759029 6057509 X 4499114 5092287 4499114 5092287 10258143 11149796 593173 X false true X true false 170589 170589 245647 167195 78452 442027 368357 73670 21831691 13522610 8309081 8631792 RESTRICTED CDS - DSR 465572 RESTRICTED CDS-METER DEPOSITS 229056 COBANK STOCK 154981 INTEREST REC ON SHORT-TERM CDS 3891 853500 MEMBERS' METER DEPOSITS 229056 229056 X 3407802 3407802 3407802 2814629 2814629 2814629 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. IKE KIEFER - EMPIRICAL ENERGY BOARD PRESIDENT 56347 MANAGEMENT SERVICES false FORM 990, PART III FORM 990, PART III, SECTION 4D, OTHER PROGRAM SERVICES: WATER INTERNET TOTAL AUTO EXPENSE 80,170 - 80,170 NET CREDIT LOSSES (2,652) - (2,652) CHEMICALS 83,398 - 83,398 CONTRACT SERVICES - 29,508 29,508 ELECTRICITY EXPENSE 164,229 - 164,229 EMPLOYEE BENEFITS 90,629 - 90,629 EQUIPMENT RENTALS 14,107 - 14,107 INSURANCE 66,530 - 66,530 MISCELLANEOUS EXPENSE 1,463 - 1,463 OFFICE EXPENSES 160,800 - 160,800 PAYROLL TAX EXPENSE 33,657 4,706 38,363 POSTAGE 23,038 - 23,038 RECAPITALIZATION EXPENSES 192,009 - 192,009 REPAIRS & MAINTENANCE 21,540 - 21,540 SUPPLIES AND CONSUMABLES 177,839 - 177,839 TELEPHONE AND INTERNET 15,411 - 15,411 TRAVEL 5,275 - 5,275 UNIFORMS 11,102 - 11,102 WATER ANALYSIS FEE 14,748 - 14,748 TOTAL PROGRAM SERVICES 1,153,293 34,214 1,187,507 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. FORM 990, PART X RESTATEMENT OF PRIOR-YEAR FINANCIAL STATEMENTS DURING THE YEAR ENDED APRIL 30, 2026, THE ORGANIZATION REFINED ITS YEAR-END REVENUE CUTOFF PROCEDURES AND DETERMINED THAT WATER SERVICE PROVIDED PRIOR TO APRIL 30, 2025, BUT BILLED AFTER YEAR-END, HAD NOT BEEN ACCRUED IN THE PRIOR-YEAR FINANCIAL STATEMENTS. IN ACCORDANCE WITH ASC 606, REVENUE IS RECOGNIZED AS PERFORMANCE OBLIGATIONS ARE SATISFIED, REGARDLESS OF BILLING DATE. ACCORDINGLY, THE APRIL 30, 2025 FINANCIAL STATEMENTS WERE RESTATED TO RECOGNIZE UNBILLED WATER REVENUE AND THE RELATED ACCOUNTS RECEIVABLE. THE RESTATEMENT INCREASED TOTAL ASSETS AND NET ASSETS WITHOUT DONOR RESTRICTIONS AS OF APRIL 30, 2025, BY 114,986 AND INCREASED THE CHANGE IN NET ASSETS WITHOUT DONOR RESTRICTIONS FOR THE YEAR ENDED APRIL 30, 2025, BY 9,430. AS A RESULT, THE BEGINNING BALANCES REPORTED ON THE 20252026 FORM 990 DIFFER FROM THE ENDING BALANCES REPORTED ON THE PREVIOUSLY FILED 2024 2025 FORM 990.