2024-08-30T11:01:57-04:00 2023-11-30 821276091 Corcoran & Bernard CPAs LLC 132 N Telemachus Street New Orleans LA 70119 990 2022-12-01 720695029 BAYOU LIBERTY WATER ASSOCIATION BAYO 34578 HWY 433 SLIDELL LA 70460 CJ PICHON PRESIDENT 9856431216 2024-08-28 true Amy Corcoran P01078383 5043721504 2024-08-30 X 2022 2024-08-08 14:25:15Z CJ PICHON 34578 HWY 433 SLIDELL LA 70460 1373954 false X WWW.BAYOULIBERTYWATERASSOCIATION.COM X 1969 LA TO SECURE, OBTAIN, ERECT, CONSTRUCT AND/OR BUILD, AND TO OPERATE AND MAINTAIN A WATER SYSTEM TO SERVE PROPERTY LYING AND BEING SITUATED IN ST TAMMANY PARISH, LOUISIANA 11 7 9 0 0 0 1269570 1297077 33732 15011 27376 48285 1330678 1360373 0 0 430059 523425 0 0 546469 499775 976528 1023200 354150 337173 3556556 4027534 280820 409021 3275736 3618513 TO SECURE, OBTAIN, ERECT, CONSTRUCT AND/OR BUILD, AND TO OPERATE AND MAINTAIN A WATER SYSTEM TO SERVE PROPERTY LYING AND BEING SITUATED IN ST TAMMANY PARISH, LOUISIANA false false 1023200 TO SECURE, OBTAIN, ERECT, CONSTRUCT AND/OR BUILD, AND TO OPERATE AND MAINTAIN A WATER SYSTEM TO SERVE CERTAIN TOWNSHIPS IN ST. TAMMANY PARISH, LOUISIANA. 1023200 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 12 0 true 9 true false false false false false false false 1297077 63296 false false false X 11 7 true false false false true true false true true false false true true true true true true true true false X JENNI KAUZLARICH 9856431216 34578 HWY 433 SLIDELL LA 70460 L CRAIG SOLLBERGER ASSOCIATION MANAGER 40.00 0.00 X 77092 0 24071 CJ PICHON PRESIDENT 1.00 0.00 X X 6200 0 0 ONEAL GALLOWAY VICE PRESIDENT 1.00 0.00 X X 4550 0 0 DIANE REED TREASURER 1.00 0.00 X X 2600 0 0 CATHERINE GALATAS SECRETARY 1.00 0.00 X X 2600 0 0 LONNIE GARCIA BOARD MEMBER 1.00 0.00 X 1400 0 0 KEVIN HANSEN BOARD MEMBER 1.00 0.00 X 1400 0 0 GERALD SCIACCA BOARD MEMBER 1.00 0.00 X 1400 0 0 EARNEST JONES BOARD MEMBER 1.00 0.00 X 1400 0 0 JAMES ROBERTS BOARD MEMBER 1.00 0.00 X 1400 0 0 MARSHALL LOYACANO BOARD MEMBER 1.00 0.00 X 1300 0 0 CLYDE FAVRE BOARD MEMBER 1.00 0.00 X 1200 0 0 102542 0 24071 0 false false false WATER SERVICE 221000 1297077 1297077 1297077 8026 8026 32127 32127 32127 32127 20566 13581 6985 6985 6985 LDH LOAN FORGIVENESS 900099 16158 16158 16158 1360373 1313235 0 47138 145278 294952 4351 48916 29928 4900 18140 946 38413 91070 21156 4113 156082 76117 WATER SYSTEM SUPPLIES 49216 49216 FEES DUES & SUBSCRIPTIONS 22366 22366 MISCELLANEOUS 8251 8251 BAD DEBT EXPENSE 3876 3876 5129 1023200 0 0 0 54512 66551 686292 1087538 125158 113344 49836 63581 3495325 1628035 2023372 1867290 494726 507316 122660 321914 3556556 4027534 90571 183020 16817 190249 209184 280820 409021 X 3275736 3618513 3275736 3618513 3556556 4027534 337173 5604 0 X false true X true false 115404 115404 140882 100686 40196 107563 86793 20770 3060283 1377508 1682775 71193 63048 8145 1867290 DEBT ISSUANCE COSTS 116388 CONSTRUCTION IN PROCESS 205526 321914 CUSTOMER DEPOSITS 209184 209184 X 1365977 5604 5604 1360373 1360373 1023200 1023200 1023200 Footnote for uncertain tax position under FIN 48 (Part X) THE INTERNAL REVENUE CODE 501(C)(12) PROVIDES FEDERAL INCOME TAX EXEMPTION FOR BENEVOLENT LIFE INSURANCE ASSOCIATIONS OF A PURELY LOCAL CHARACTER, MUTUAL DITCH OR IRRIGATION COMPANIES, MUTUAL OR COOPERATIVE TELEPHONE COMPANIES, ELECTRIC COMPANIES, OR LIKE ORGANIZATIONS. DURING THE YEARS ENDED NOVEMBER 30, 2023, AND 2022, THE ASSOCIATION ELECTED TO FILE A STAND-ALONE TAX RETURN IN LIEU OF A CONSOLIDATED TAX RETURN WITH THE BAYOU LIBERTY WATER ASSOCIATION. THE ASSOCIATION IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501 (C)(12), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS TAX-EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS: TO IDENTIFY AND REPORT UNRELATED INCOME: TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS: AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ASSOCIATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION.THE ASSOCIATION APPLIES A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD FOR ALL TAX UNCERTAINTIES. THIS APPROACH ALLOWS THE RECOGNITION OF ONLY THOSE TAX BENEFITS THAT HAVE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. AS A RESULT OF IMPLEMENTING THIS APPROACH, THE ASSOCIATION HAS REVIEWED ITS TAX POSITIONS AND DETERMINED THERE WERE NO OUTSTANDING, OR RETROACTIVE TAX POSITIONS WITH LESS THAN A 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES; THEREFORE, THE IMPLEMENTATION OF THIS STANDARD HAS NOT HAD A MATERIAL EFFECT ON THE ASSOCIATION. Officer directors etc family relationship Part VI line 2 JAMES ROBERTS IS THE NEPHEW OF DIANE REED. Members or stockholder classes and rights Part VI line 6 THE ASSOCIATION HAS MEMBERS THAT RECIEVE WATER SERVICE IN ST. TAMMANY PARISH LOUISIANA. Member election for additional members Part VI line 7a THE MEMBERS THAT RECIEVE WATER SERVICE ELECT THE BOARD OF DIRECTORS. Form 990 governing body review Part VI line 11 UPON COMPLETION OF A FINAL DRAFT OF FORM 990, A COPY OF THE DRAFT IS SENT TO EACH MEMBER OF THE BOARD WITH THE INSTRUCTIONS AND TIME FRAME FOR SUBMITTING QUESTIONS OR COMMENTS. AT THE COMPLETION OF THE REVIEW, ANY APPROVED MODIFICATIONS ARE INCORPORATED INTO THE FINAL FORM 990 AND IT IS FILED WITH THE IRS. Conflict of interest policy compliance Part VI line 12c EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECIEVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. CEO executive director top management comp Part VI line 15a FOR EACH EMPLOYEE, THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS & MANAGER DETERMINES THE INITIAL AMOUNT OF COMPENSATION AND ANNUAL INCREASES ARE TIED TO EACH EMPLOYEES PERFORMANCE EVALUATION. THE PERSONNEL COMMITEE MAKES ITS RECOMMENDATION TO THE BOARD OF DIRECTORS. AT THE NEXT REGULAR MEETING, BOARD MEMBERS THAT DO NOT HAVE A CONFLICT OF INTEREST VOTE ON EMPLOYEE COMPENSATION AND THE RESULTS ARE DOCUMENTED IN MINUTES. Other officer or key employee compensation Part VI line 15b THE SAME PROCESS IS FOLLOWED FOR OTHER OFFICERS OR KEY EMPLOYEES AS FOR CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL. Governing documents etc available to public Part VI line 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. General explanation attachment FORM 990, PART VI, LINE 1BTHE FOUR OFFICERS OF THE ORGANIZATION ARE NOT CONSIDERED INDEPENDENT BECAUSE THEY RECIEVE MINIMAL REASONABLE COMPENSATIN FOR SERVICES RENDERED AS OFFICERS, ALL OF WHICH IS FULLY DICLOSED ON PART VII. FORM 990, PART XII, LINE 2CTHE PROCESS HAS NOT CHANGED.