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Nonprofit · EIN 59-3602680

FAIRPOINT REGIONAL UTILITY SYSTEM INC

Tax-exempt · NAVARRE, FL 32566

Financials

$3.9M$2.3M2023$3.9M$2.2M2024
Revenue Expenses · by fiscal year end
Financials of FAIRPOINT REGIONAL UTILITY SYSTEM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,879,043$2,201,393$1,677,650$23,361,298$3,616,767$19,744,531
December 31, 2023990$3,879,888$2,305,244$1,574,644$23,087,653$5,020,772$18,066,881
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,660,576
Investment income
$218,467
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$19,778
Accounting fees
$18,250
Occupancy
$366,452
Depreciation
$739,037

Balance sheet and other

Total assets, start of year
$23,087,653
Total assets, end of year
$23,361,298
Total liabilities, end of year
$3,616,767
Net assets, end of year
$19,744,531
Land, buildings and equipment
$18,705,748
Gross receipts
$3,879,043
Employees
0
Volunteers
0
Year formed
1999
State of legal domicile
FL

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOHN L GRANTPRESIDENT
Trustee or director, Officer
1$0
TOM NAILESECRETARY/TREASURER
Trustee or director, Officer
1$0
JOE CAMPBELLVICE PRESIDENT
Trustee or director, Officer
1$0
AL GARZADIRECTOR
Trustee or director
1$0
BRENDA AGRICOLADIRECTOR
Trustee or director
1$0
SAMANTHA ABELLDIRECTOR
Trustee or director
1$0
DARYL LYNCHARDDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
JOHN L GRANTPRESIDENT
Trustee or director, Officer
1$0
TOM NAILESECRETARY/TREASURER
Trustee or director, Officer
1$0
DAVID CRUMBLEYVICE PRESIDENT
Trustee or director, Officer
1$0
AL GARZADIRECTOR
Trustee or director
1$0
BRENDA AGRICOLADIRECTOR
Trustee or director
1$0
SAMANTHA ABELLDIRECTOR
Trustee or director
1$0
MIKE MATTHEWSDIRECTOR
Trustee or director
1$0
DARYL LYNCHARDDIRECTOR
Trustee or director
1$0
MARK MILLERDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
8574 TURKEY BLUFF RD, NAVARRE, FL 32566-2444
Principal officer (990 for 2024)
JOHN L GRANT, 1070 SHORELINE DRIVE, GULF BREEZE, FL 32566
Signed the 990
JOHN L GRANT, PRESIDENT
Phone
(850) 939-2427
Return prepared by
WARREN AVERETT LLC

Mission

TO CREATE, OPERATE, AND MAINTAIN A WATER SUPPLY UTILITY SYSTEM TO PROVIDE POTABLE WATER AND RELATED SERVICES TO ITS MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO SUPPLY WATER SERVICES TO THREE WATER UTILITY SYSTEM MEMBERS.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-3602680
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$23,361,298
Income (IRS master file)
$3,879,043

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,879,043$2,201,393$23,361,298XML
990December 2023$3,879,888$2,305,244$23,087,653XML
990December 2022$3,836,568$2,178,998$22,706,526IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 59-3602680).

Questions about FAIRPOINT REGIONAL UTILITY SYSTEM INC

What is the EIN of FAIRPOINT REGIONAL UTILITY SYSTEM INC?
The employer identification number (EIN) of FAIRPOINT REGIONAL UTILITY SYSTEM INC is 59-3602680.
Is FAIRPOINT REGIONAL UTILITY SYSTEM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2002.
Are donations to FAIRPOINT REGIONAL UTILITY SYSTEM INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FAIRPOINT REGIONAL UTILITY SYSTEM 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 FAIRPOINT REGIONAL UTILITY SYSTEM INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FAIRPOINT REGIONAL UTILITY SYSTEM INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FAIRPOINT REGIONAL UTILITY SYSTEM INC?
The 990 for the year ended December 31, 2024 names JOHN L GRANT.
Who are the officers and directors of FAIRPOINT REGIONAL UTILITY SYSTEM INC?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does FAIRPOINT REGIONAL UTILITY SYSTEM INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,879,043, expenses of $2,201,393 and total assets of $23,361,298 at year end.

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