Nonprofit · EIN 56-0883544
IREDELL WATER CORPORATION
Tax-exempt · STATESVILLE, NC 28687
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,576,548 | $4,644,866 | $1,931,682 | $29,605,269 | $7,062,774 | $22,542,495 |
| December 31, 2024 | 990 | $6,231,673 | $4,198,010 | $2,033,663 | $28,149,523 | $7,538,710 | $20,610,813 |
| December 31, 2023 | 990 | $7,283,045 | $4,107,718 | $3,175,327 | $26,594,400 | $8,017,252 | $18,577,148 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $85,487
- of which government grants
- $85,487
- Program service revenue
- $6,009,090
- Investment income
- $403,363
- Other revenue
- $78,608
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $936,327
- Salaries, compensation and benefits (total)
- $1,248,707
- Professional fundraising fees
- $0
- Legal fees
- $49,392
- Program services (functional)
- $3,944,354
- Management and general (functional)
- $700,512
Balance sheet and other
- Total assets, start of year
- $28,149,523
- Total assets, end of year
- $29,605,269
- Total liabilities, end of year
- $7,062,774
- Net assets, end of year
- $22,542,495
- Land, buildings and equipment
- $16,605,096
- Gross receipts
- $6,576,548
- Employees
- 15
- Year formed
- 1966
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY D SLOAN | MANAGER Officer | 40 | $170,412 | $19,462 |
| CURTIS W MEYER | – Highest-paid employee | 40 | $106,985 | $19,522 |
| BOBBY DAVIDSON | VICE PRESIDENT Trustee or director, Officer | 1 | $1,950 | $0 |
| ALAN L COOK | SECRETARYTREASURER Trustee or director, Officer | 1 | $1,950 | $0 |
| MATT MOREFIELD | DIRECTOR Trustee or director | 1 | $1,950 | $0 |
| EDWARD BISSELL | PRESIDENT Trustee or director, Officer | 5 | $1,800 | $0 |
| SCOTTY HARRIS | DIRECTOR Trustee or director | 1 | $1,800 | $0 |
| WAYNE SMITH | DIRECTOR Trustee or director | 1 | $1,800 | $0 |
| FRANKLIN RASH | DIRECTOR Trustee or director | 1 | $1,800 | $0 |
| ERIC PATTERSON | DIRECTOR Trustee or director | 1 | $1,650 | $0 |
| KENT BLACKWELDER | DIRECTOR Trustee or director | 1 | $1,650 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY D SLOAN | MANAGER Officer | 40 | $163,849 | $18,862 |
| WAYNE SMITH | DIRECTOR Trustee or director | 1 | $1,725 | $0 |
| MATT MOREFIELD | DIRECTOR Trustee or director | 1 | $1,725 | $0 |
| BOBBY DAVIDSON | VICE PRESIDENT Trustee or director, Officer | 1 | $1,725 | $0 |
| ALAN L COOK | SECRETARYTREASURER Trustee or director, Officer | 1 | $1,725 | $0 |
| SCOTTY HARRIS | DIRECTOR Trustee or director | 1 | $1,650 | $0 |
| FRANKLIN RASH | DIRECTOR Trustee or director | 1 | $1,500 | $0 |
| KENT BLACKWELDER | DIRECTOR Trustee or director | 1 | $1,500 | $0 |
| EDWARD BISSELL | PRESIDENT Trustee or director, Officer | 5 | $1,500 | $0 |
| ERIC PATTERSON | DIRECTOR Trustee or director | 1 | $1,425 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY D SLOAN | MANAGER Key employee | 0 | $159,959 | $17,364 |
| ALAN L COOK | SECRETARYTREASURER Trustee or director, Officer | 1 | $1,125 | $0 |
| EDWARD BISSELL | PRESIDENT Trustee or director, Officer | 5 | $1,050 | $0 |
| BOBBY DAVIDSON | VICE PRESIDENT Trustee or director, Officer | 1 | $1,050 | $0 |
| WAYNE SMITH | DIRECTOR Trustee or director | 1 | $975 | $0 |
| SCOTTY HARRIS | DIRECTOR Trustee or director | 1 | $975 | $0 |
| FRANKLIN RASH | DIRECTOR Trustee or director | 1 | $900 | $0 |
| KENT BLACKWELDER | DIRECTOR Trustee or director | 1 | $600 | $0 |
| ERIC PATTERSON | DIRECTOR Trustee or director | 1 | $50 | $0 |
| MATT MOREFIELD | DIRECTOR Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1844, STATESVILLE, NC 28687-1844
- In care of
- % GARY D SLOAN
- Principal officer (990 for 2025)
- EDWARD BISSELL, PO BOX 1844, STATESVILLE, NC 286871844
- Signed the 990
- GARY D SLOAN CEO GM, MANAGER
- Phone
- (704) 876-0672
- Return prepared by
- EDDIE CARRICK CPA PC
Mission
TO PROVIDE A CLEAN, SAFE, HEALTHY RURAL WATER SUPPLY TO MEMBERS.
Program accomplishments
- PROVIDED CLEAN, SAFE, HEALTHY WATER SUPPLY TO MEMBERS.Expenses $3,944,354 · revenue $6,576,550
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
- 56-0883544
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $29,605,269
- Income (IRS master file)
- $6,576,548
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,576,548 | $4,644,866 | $29,605,269 | XML |
| 990 | December 2024 | $6,231,673 | $4,198,010 | $28,149,523 | XML |
| 990 | December 2023 | $7,283,045 | $4,107,718 | $26,594,400 | XML |
| 990 | December 2022 | $5,447,247 | $4,184,718 | $23,827,018 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 56-0883544).
Questions about IREDELL WATER CORPORATION
- What is the EIN of IREDELL WATER CORPORATION?
- The employer identification number (EIN) of IREDELL WATER CORPORATION is 56-0883544.
- Is IREDELL WATER CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1967.
- Are donations to IREDELL WATER CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IREDELL 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 IREDELL 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 IREDELL 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 IREDELL WATER CORPORATION?
- The 990 for the year ended December 31, 2025 names EDWARD BISSELL.
- Who are the officers and directors of IREDELL WATER CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 11 received compensation from the organization, the highest $170,412 (GARY D SLOAN, MANAGER).
- How much revenue does IREDELL WATER CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,576,548, expenses of $4,644,866 and total assets of $29,605,269 at year end.
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