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Nonprofit · EIN 56-0862041

EASTERN PINES WATER CORPORATION

Tax-exempt · GREENVILLE, NC 27858

Financials

$6.1M$4.9M2023$6.3M$4.8M2024$6.7M$5.4M2025
Revenue Expenses · by fiscal year end
Financials of EASTERN PINES WATER CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$6,739,417$5,383,333$1,356,084$32,421,999$10,130,642$22,291,357
December 31, 2024990$6,294,816$4,825,870$1,468,946$31,096,779$10,196,313$20,900,466
December 31, 2023990$6,092,012$4,914,231$1,177,781$30,340,369$11,168,730$19,171,639
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$534,195
of which government grants
$534,195
Program service revenue
$5,685,351
Investment income
$338,790
Other revenue
$181,081

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$257,464
Other salaries and wages
$469,069
Salaries, compensation and benefits (total)
$830,052
Professional fundraising fees
$0
Accounting fees
$77,747
Travel
$3,180
Depreciation
$867,668
Program services (functional)
$4,457,259
Management and general (functional)
$926,074

Balance sheet and other

Total assets, start of year
$31,096,779
Total assets, end of year
$32,421,999
Total liabilities, end of year
$10,130,642
Net assets, end of year
$22,291,357
Land, buildings and equipment
$12,251,561
Net assets without donor restrictions
$22,291,357
Gross receipts
$6,739,417
Employees
13
Volunteers
0
Year formed
1965
State of legal domicile
NC

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.

NameTitleHours / weekCompensation
Barry SuttonSecretary
Trustee or director, Officer
40$229,864
Polly HardeePresident
Trustee or director, Officer
1$7,200
Vallie JohnsonVice President
Trustee or director, Officer
1$7,200
Rob LynchBD-Member-Director
Trustee or director
1$7,200
Kenneth SmithTreasurer
Trustee or director, Officer
1$6,000
990 for the year ended December 31, 2024: 5 people
NameTitleHours / weekCompensation
Barry SuttonSecretary
Trustee or director, Officer
40$212,948
Kenneth SmithTreasurer
Trustee or director, Officer
1$7,200
Polly HardeePresident
Trustee or director, Officer
1$7,200
Vallie JohnsonVice President
Trustee or director, Officer
1$7,200
Rob LynchBD-Member-Director
Trustee or director
1$7,200
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Barry SuttonSecretary
Trustee or director, Officer
40$201,291
Kenneth SmithTreasurer
Trustee or director, Officer
1$7,200
Polly HardeePresident
Trustee or director, Officer
1$7,200
Vallie JohnsonVice President
Trustee or director, Officer
1$7,200
Rob LynchBD-Member-Director
Trustee or director
1$7,200

Address and contacts

Address (IRS master file)
5442 EASTERN PINES RD, GREENVILLE, NC 27858-9574
Principal officer (990 for 2025)
Barry Sutton, 5442 Eastern Pines Road, Greenville, NC 27858
Signed the 990
Barry Sutton, Secretary
Phone
(252) 752-7420
Return prepared by
Forvis Mazars LLP

Mission

Eastern Pines Water Corporation operates as a member-owned corporate body to construct, maintain, and operates a rural system serving the member-owners in southeastern Pitt County.

990 for the year ended December 31, 2025

Program accomplishments

  • The corporation carried outs its exempt purpose in 2025 by providing water to its membership.
    Expenses $4,457,259 · revenue $5,841,414

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-0862041
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$32,421,999
Income (IRS master file)
$6,739,417

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$6,739,417$5,383,333$32,421,999IRS
990December 2024$6,294,816$4,825,870$31,096,779XML
990December 2023$6,092,012$4,914,231$30,340,369XML
990December 2022$5,922,894$5,073,271$29,589,358IRS
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 56-0862041).

Questions about EASTERN PINES WATER CORPORATION

What is the EIN of EASTERN PINES WATER CORPORATION?
The employer identification number (EIN) of EASTERN PINES WATER CORPORATION is 56-0862041.
Is EASTERN PINES WATER CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1969.
Are donations to EASTERN PINES WATER CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does EASTERN PINES WATER CORPORATION 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 EASTERN PINES WATER CORPORATION 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 EASTERN PINES WATER CORPORATION 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 EASTERN PINES WATER CORPORATION?
The 990 for the year ended December 31, 2025 names Barry Sutton.
Who are the officers and directors of EASTERN PINES WATER CORPORATION?
The 990 for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $229,864 (Barry Sutton, Secretary).
How much revenue does EASTERN PINES WATER CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $6,739,417, expenses of $5,383,333 and total assets of $32,421,999 at year end.

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