Nonprofit · EIN 57-0548841
TRICO WATER COMPANY INC
Tax-exempt · DILLON, SC 29536
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,689,257 | $3,102,085 | $1,587,172 | $29,193,507 | $21,482,237 | $7,711,270 |
| December 31, 2024 | 990 | $2,569,129 | $1,950,438 | $618,691 | $28,016,530 | $21,894,172 | $6,122,358 |
| December 31, 2023 | 990 | $2,227,202 | $1,766,811 | $460,391 | $28,130,230 | $22,627,553 | $5,502,677 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,000,000
- of which government grants
- $1,000,000
- Program service revenue
- $24,440
- Investment income
- $111,055
- Net gain from sales of assets
- $35,500
- Net income from sales of inventory
- $3,497,521
- Other revenue
- $3,553,762
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $3,600
- Accounting fees
- $15,065
- Occupancy
- $43,167
- Travel
- $164,500
- Depreciation
- $1,191,682
- Program services (functional)
- $3,102,085
Balance sheet and other
- Total assets, start of year
- $28,016,530
- Total assets, end of year
- $29,193,507
- Total liabilities, end of year
- $21,482,237
- Net assets, end of year
- $7,711,270
- Land, buildings and equipment
- $24,446,548
- Gross receipts
- $8,275,354
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1970
- State of legal domicile
- SC
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 |
|---|---|---|---|
| LEON T MORRIS | PRESIDENT Trustee or director, Officer | 10 | $2,900 |
| THOMAS H LEE | VICE PRESIDENT Trustee or director, Officer | 10 | $2,650 |
| ISAIAH BARR | DIRECTOR Trustee or director | 5 | $2,600 |
| JOSEPH N GRAHAM | DIRECTOR Trustee or director | 5 | $2,600 |
| LARRY W WILLIAMS | DIRECTOR Trustee or director | 5 | $2,600 |
| JIMMY TANNER | DIRECTOR Trustee or director | 5 | $2,375 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEON T MORRIS | PRESIDENT Trustee or director, Officer | 10 | $1,800 |
| THOMAS H LEE | VICE PRESIDENT Trustee or director, Officer | 10 | $1,650 |
| ISAIAH BARR | DIRECTOR Trustee or director | 5 | $1,500 |
| JOSEPH N GRAHAM | DIRECTOR Trustee or director | 5 | $1,500 |
| LARRY W WILLIAMS | DIRECTOR Trustee or director | 5 | $1,500 |
| JIMMY TANNER | DIRECTOR Trustee or director | 5 | $1,500 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS H LEE | VICE PRESIDENT Trustee or director, Officer | 10 | $1,950 |
| LEON T MORRIS | PRESIDENT Trustee or director, Officer | 10 | $1,525 |
| ISAIAH BARR | DIRECTOR Trustee or director | 5 | $1,500 |
| JOSEPH N GRAHAM | DIRECTOR Trustee or director | 5 | $1,500 |
| LARRY W WILLIAMS | DIRECTOR Trustee or director | 5 | $1,500 |
| JIMMY TANNER | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1476, DILLON, SC 29536-1476
- Principal officer (990 for 2025)
- LEON T MORRIS, 205 SOUTH 5TH AVENUE, DILLON, SC 29536
- Signed the 990
- LEON T MORRIS, PRESIDENT
- Phone
- (843) 774-4802
- Return prepared by
- MUNN & ASSOCIATES PC
Mission
TRICO WATER COMPANY, INC IS A NON-PROFIT CORPORATION ESTABILISED TO PROVIDE WATER PRODUCTION AND DISTRIBUTION AND SUPPLY FACILITES TO INDIVIDUALS AND ENTITIES WITHIN THE DILLON COUNTY GEOGRAPHICAL AREA AS FUNDS ARE MADE AVAILABLE.
Program accomplishments
- RURAL WATER SYSTEM SERVICING OVER 6800 CUSTOMERSExpenses $3,105,684 · revenue $7,083,618
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
- 57-0548841
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1978
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $29,193,507
- Income (IRS master file)
- $8,275,354
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,689,257 | $3,102,085 | $29,193,507 | XML |
| 990 | December 2024 | $2,569,129 | $1,950,438 | $28,016,530 | XML |
| 990 | December 2023 | $2,227,202 | $1,766,811 | $28,130,230 | XML |
| 990 | December 2022 | $1,646,578 | $1,671,764 | $26,982,861 | 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 57-0548841).
Questions about TRICO WATER COMPANY INC
- What is the EIN of TRICO WATER COMPANY INC?
- The employer identification number (EIN) of TRICO WATER COMPANY INC is 57-0548841.
- Is TRICO WATER COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1978.
- Are donations to TRICO WATER COMPANY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TRICO WATER COMPANY INC 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 TRICO WATER COMPANY INC 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 TRICO WATER COMPANY INC 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 TRICO WATER COMPANY INC?
- The 990 for the year ended December 31, 2025 names LEON T MORRIS.
- Who are the officers and directors of TRICO WATER COMPANY INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 6 received compensation from the organization, the highest $2,900 (LEON T MORRIS, PRESIDENT).
- How much revenue does TRICO WATER COMPANY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,689,257, expenses of $3,102,085 and total assets of $29,193,507 at year end.
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