2025-01-31T09:44:23-06:00 2023-12-31 721088864 LAPORTE APAC 5100 VILLAGE WALK SUITE 300 COVINGTON LA 70433 990 2023-01-01 721029733 RURAL FRANKLINTON WATER CORPORATION RURA 9858396433 422 11TH AVENUE FRANKLINTON LA 70438 LENWARD THOMPSON PRESIDENT 9858396433 2025-01-29 1 1 BRUCE S PRENDERGAST MS CPA P00151746 9858925850 2025-01-29 2023 2025-03-06 01:10:19Z LENWARD THOMPSON 422 11TH AVENUE FRANKLINTON LA 70438 674996 0 X RURALFRANKLINTONWATER.RURALWATERUSA.COM X 1974 LA TO OPERATE A PRIVATE WATER SYSTEM 5 5 6 0 0 0 523 1363 643602 644540 7 6161 2881 3534 647013 655598 0 0 0 0 247308 251482 0 0 0 414464 346914 661772 598396 -14759 57202 1521272 1535784 859921 817231 661351 718553 TO OPERATE A PRIVATE WATER SYSTEM 0 0 598396 648074 THE PURPOSE OF THE CORPORATION IS TO CONSTRUCT, MAINTAIN, AND OPERATE A PRIVATE WATER SYSTEM FOR THE MUTUAL BENEFIT OF ITS MEMBERS. IN 2023, THERE WERE APPROXIMATELY 1,195 CUSTOMERS/MEMBERS RECEIVING WATER SERVICE IN THE RURAL AREA AROUND FRANKLINTON, LA. 598396 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 6 1 0 0 0 0 0 644540 11058 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 9858396433 422 11TH AVENUE FRANKLINTON LA 70438 REGINALD MCMASTERS PRESDIDENT 1.00 X X 2500 0 0 LENWARD THOMPSON VICE PRESIDENT 1.00 X X 1700 0 0 LB ROGERS SECRETARY/TREASURER 1.00 X X 1500 0 0 CLIFFORD JEFFERSON MEMBER 1.00 X 1500 0 0 LARRY MAGEE MEMBER 1.00 X 1375 0 0 8575 0 0 0 0 0 0 0 1363 1363 WATER SALES 221000 616725 616725 INSTALLATION AND RECON 221000 27815 27815 644540 6 6 25553 19398 6155 6155 6155 OTHER MISCELLANEOUS IN 221000 3534 3534 3534 655598 648074 0 6161 8575 184464 5150 38389 14904 12500 19981 4599 3085 31325 68949 49082 UTILITIES 40225 REPAIRS/MAINTENANCE 30772 LINE SUPPLIES 25006 AUTO EXPENSES 20671 40719 598396 190363 281685 219413 214315 49280 33415 745 745 3108286 2102662 1061471 1005624 1521272 1535784 61446 66023 798475 751208 859921 817231 X 474463 539825 186888 178728 661351 718553 1521272 1535784 57202 0 X X 0 1 X 1 0 11700 11700 2798329 1857376 940953 298257 245286 52971 1005624 X 655598 0 655598 0 655598 598396 0 598396 0 598396 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAX PROVISION HAS BEEN RECORDED. THE CORPORATION IS, HOWEVER, REQUIRED TO FILE FEDERAL FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. THIS IS AN INFORMATIONAL RETURN ONLY. THE CORPORATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN INCOME TAX EXPENSE. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE ORGANIZATION CONSIST OF THE CUSTOMERS WHO RECEIVE WATER SERVICE IN THE RURAL AREA AROUND FRANKLINTON, LOUISIANA. IN 2022, THERE WERE APPROXIMATELY 1,200 MEMBERS/CUSTOMERS. FORM 990, PART VI, SECTION A, LINE 7A EVERY YEAR, THE CUSTOMERS/MEMBERS VOTE ON THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. THE BOARD OF DIRECTORS ELECTS THE OFFICERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO THE FILING OF THE RETURN. ONCE THE RETURN HAS BEEN REVIEWED AND ALL QUESTIONS HAVE BEEN CONSIDERED, THE RETURN IS RELEASED ELECTRONICALLY TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS, OFFICERS, AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY SITUATIONS THAT COULD BE POTENTIAL CONFLICTS OF INTEREST. THE PRESIDENT MONITORS MEMBER ACTIVITIES FOR ANY POTENTIAL CONFLICTS OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 BOARD MEMBERS AND OFFICERS RECEIVE MINIMAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.