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Nonprofit · EIN 56-0946914

NORTH LENOIR WATER CORPORATION

Tax-exempt · KINSTON, NC 28504

Financials

$4M$4M2023$4.1M$4.2M2024$4.3M$4.5M2025
Revenue Expenses · by fiscal year end
Financials of NORTH LENOIR WATER CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$4,323,647$4,480,231-$156,584$21,731,209$8,165,934$13,565,275
December 31, 2024990$4,109,811$4,172,552-$62,741$22,317,832$8,566,466$13,751,366
December 31, 2023990$3,951,251$4,000,999-$49,748$22,571,021$8,757,117$13,813,904
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$4,116,739
Investment income
$137,121
Net gain from sales of assets
$8,000
Other revenue
$69,787

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$28,350
Other salaries and wages
$908,364
Salaries, compensation and benefits (total)
$1,028,899
Professional fundraising fees
$0
Legal fees
$915
Accounting fees
$16,034
Occupancy
$130,901
Depreciation
$704,118
Program services (functional)
$4,463,282
Management and general (functional)
$16,949

Balance sheet and other

Total assets, start of year
$22,317,832
Total assets, end of year
$21,731,209
Total liabilities, end of year
$8,165,934
Net assets, end of year
$13,565,275
Land, buildings and equipment
$16,686,610
Publicly traded securities
$2,032,329
Gross receipts
$4,323,647
Employees
13

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
VICTOR STYLESTREASURER
Trustee or director, Officer
1$5,100
WADE DAVENPORTSECRETARY
Trustee or director, Officer
1$4,950
JIMMY PARKSPRESIDENT
Trustee or director, Officer
1$4,950
SETH DAWSONVICE PRES
Trustee or director, Officer
1$4,800
DENNIS POPEDIRECTOR
Trustee or director
1$2,400
RONNIE WATERSDIRECTOR
Trustee or director
1$1,650
JESSE RAY FARMERDIRECTOR
Trustee or director
1$1,500
ALONZA GRAYDIRECTOR
Trustee or director
1$1,500
DANNY SMITH JRDIRECTOR
Trustee or director
1$1,200
ANTHONY RIGSSDIRECTOR
Trustee or director
1$300
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
WADE DAVENPORTSECRETARY
Trustee or director, Officer
1$0
SETH DAWSONVICE PRES
Trustee or director, Officer
1$0
JESSE RAY FARMERDIRECTOR
Trustee or director
1$0
HAROLD JONESDIRECTOR
Trustee or director
1$0
DANNY SMITH JRDIRECTOR
Trustee or director
1$0
JIMMY PARKSPRESIDENT
Trustee or director, Officer
1$0
DENNIS POPEDIRECTOR
Trustee or director
1$0
ANTHONY RIGGSDIRECTOR
Trustee or director
1$0
VICTOR STYLESTREASURER
Trustee or director, Officer
1$0
RONNIE WATERSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
WADE DAVENPORTSECRETARY
Trustee or director, Officer
1$0
SETH DAWSONVICE PRES
Trustee or director, Officer
1$0
JESSE RAY FARMERDIRECTOR
Trustee or director
1$0
HAROLD JONESDIRECTOR
Trustee or director
1$0
DANNY SMITH JRDIRECTOR
Trustee or director
1$0
JIMMY PARKSPRESIDENT
Trustee or director, Officer
1$0
DENNIS POPEDIRECTOR
Trustee or director
1$0
ANTHONY RIGGSDIRECTOR
Trustee or director
1$0
VICTOR STYLESTREASURER
Trustee or director, Officer
1$0
RONNIE WATERSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
220 ACADEMY HEIGHTS RD, KINSTON, NC 28504-8235
Principal officer (990 for 2025)
JIMMY PARKS, 4679 BRYAN HARDY RD, LAGRANGE, NC 28551
Signed the 990
JIMMY PARKS, PRESIDENT
Phone
(252) 527-8352
Return prepared by
BARROW PARRIS & DAVENPORT PA

Mission

PROVIDE WATER TO RESIDENTS OF NOTHERN LENOIR COUNTY, NC.

990 for the year ended December 31, 2025

Program accomplishments

  • PROVIDE CLEAN WATER SUPPLY TO APPROXIMATELY 5,900 RESIDENTS & BUSINESSES IN NORTHERN LENOIR COUNTY, NORTH CAROLINA
    Expenses $4,463,282 · revenue $4,116,739

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
56-0946914
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$21,731,209
Income (IRS master file)
$4,323,647

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$4,323,647$4,480,231$21,731,209XML
990December 2024$4,109,811$4,172,552$22,317,832XML
990December 2023$3,951,251$4,000,999$22,571,021XML
990December 2022$3,775,851$3,770,193$22,867,037IRS
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 56-0946914).

Questions about NORTH LENOIR WATER CORPORATION

What is the EIN of NORTH LENOIR WATER CORPORATION?
The employer identification number (EIN) of NORTH LENOIR WATER CORPORATION is 56-0946914.
Is NORTH LENOIR WATER CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1971.
Are donations to NORTH LENOIR WATER CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NORTH LENOIR 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 NORTH LENOIR 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 NORTH LENOIR 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 NORTH LENOIR WATER CORPORATION?
The 990 for the year ended December 31, 2025 names JIMMY PARKS.
Who are the officers and directors of NORTH LENOIR WATER CORPORATION?
The 990 for the year ended December 31, 2025 lists 10 people; 10 received compensation from the organization, the highest $5,100 (VICTOR STYLES, TREASURER).
How much revenue does NORTH LENOIR WATER CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $4,323,647, expenses of $4,480,231 and total assets of $21,731,209 at year end.

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