Nonprofit · EIN 47-2301358
SPRING VALLEY WATER SYSTEM
Tax-exempt (reinstated) · TUSCUMBIA, AL 35674
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,439,744 | $1,568,935 | -$129,191 | $5,167,323 | $2,482,673 | $2,684,650 |
| December 31, 2024 | 990 | $1,318,198 | $1,476,237 | -$158,039 | $5,351,605 | $2,537,764 | $2,813,841 |
| December 31, 2023 | 990 | $1,287,659 | $1,383,677 | -$96,018 | $5,563,718 | $2,591,838 | $2,971,880 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,413,677
- Investment income
- $26,067
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $195,952
- Program services (functional)
- $1,568,935
Balance sheet and other
- Total assets, start of year
- $5,351,605
- Total assets, end of year
- $5,167,323
- Total liabilities, end of year
- $2,482,673
- Net assets, end of year
- $2,684,650
- Land, buildings and equipment
- $3,924,089
- Net assets without donor restrictions
- $2,684,650
- Gross receipts
- $1,439,744
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1971
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jimmey Looney | President Trustee or director, Officer | 4 | $2,400 |
| Tony Jones | Vice-President Trustee or director, Officer | 4 | $2,400 |
| Hobert Butler | Secretary Trustee or director, Officer | 4 | $2,400 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jimmey Looney | President Trustee or director, Officer | 4 | $2,400 |
| Tony Jones | Vice-President Trustee or director, Officer | 4 | $2,400 |
| Hobert Butler | Secretary Trustee or director, Officer | 4 | $2,400 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jimmey Looney | President Trustee or director, Officer | 4 | $2,350 |
| Tony Jones | Vice-President Trustee or director, Officer | 4 | $2,350 |
| Hobert Butler | Secretary Trustee or director, Officer | 4 | $2,350 |
Address and contacts
- Address (IRS master file)
- 912 LAGRANGE RD, TUSCUMBIA, AL 35674-5594
- In care of
- % CURTIS HARRISON
- Principal officer (990 for 2025)
- Jimmy Looney, 912 La Grange Rd, Tuscumbia, AL 35674
- Signed the 990
- Jimmy Looney, President
- Phone
- (256) 762-0525
- Return prepared by
- DYER & SMITH LLC
Mission
Retail Water Sales to Members
Program accomplishments
- Cost of Providing potable water to members.Expenses $1,568,935 · revenue $1,439,744
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2301358
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $5,167,323
- Income (IRS master file)
- $1,439,744
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- December 13, 2014
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,439,744 | $1,568,935 | $5,167,323 | XML |
| 990 | December 2024 | $1,318,198 | $1,476,237 | $5,351,605 | IRS |
| 990 | December 2023 | $1,287,659 | $1,383,677 | $5,563,718 | XML |
| 990 | December 2022 | $1,310,717 | $1,298,705 | $5,722,640 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-2301358).
Questions about SPRING VALLEY WATER SYSTEM
- What is the EIN of SPRING VALLEY WATER SYSTEM?
- The employer identification number (EIN) of SPRING VALLEY WATER SYSTEM is 47-2301358.
- Is SPRING VALLEY WATER SYSTEM tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to SPRING VALLEY WATER SYSTEM tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPRING VALLEY WATER SYSTEM file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPRING VALLEY WATER SYSTEM due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPRING VALLEY WATER SYSTEM last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SPRING VALLEY WATER SYSTEM?
- The 990 for the year ended December 31, 2025 names Jimmy Looney.
- Who are the officers and directors of SPRING VALLEY WATER SYSTEM?
- The 990 for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $2,400 (Jimmey Looney, President).
- How much revenue does SPRING VALLEY WATER SYSTEM have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,439,744, expenses of $1,568,935 and total assets of $5,167,323 at year end.
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- TENNESSEE VALLEY YOUTH SERVICES II INC EIN 63-1076709 · last filed 990 for 2025
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All nonprofits in TUSCUMBIA · Alabama · Public and societal benefit