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Nonprofit · EIN 57-0809787

BUCKSPORT WATER SYSTEM INC

Tax-exempt · CONWAY, SC 29528

Financials

$5.1M$2.8M2023$6M$3.3M2024
Revenue Expenses · by fiscal year end
Financials of BUCKSPORT WATER SYSTEM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,014,486$3,269,603$2,744,883$24,165,319$9,362,853$14,802,466
December 31, 2023990$5,094,357$2,820,855$2,273,502$21,831,503$9,773,920$12,057,583
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,812,665
Investment income
$225,650
Other revenue
$1,976,171

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$308,882
Other salaries and wages
$465,765
Salaries, compensation and benefits (total)
$979,596
Professional fundraising fees
$0
Legal fees
$51,844
Accounting fees
$32,000
Depreciation
$829,298
Program services (functional)
$2,555,908
Management and general (functional)
$713,695

Balance sheet and other

Total assets, start of year
$21,831,503
Total assets, end of year
$24,165,319
Total liabilities, end of year
$9,362,853
Net assets, end of year
$14,802,466
Land, buildings and equipment
$16,635,712
Net assets with donor restrictions
$14,802,466
Gross receipts
$6,014,486
Employees
16
Year formed
1968
State of legal domicile
SC

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
ASHLEY C PROCTORMANAGER
Key employee
40$102,385
EDWARD ANDERSONTREASURER
Officer
3$0
RICKY TINSDALLSECRETARY
Officer
1$0
STEVEN EDGEPRESIDENT
Officer
1$0
MARK SINGLETONVICE PRESIDENT
Officer
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
STEVEN EDGEPRESIDENT
Officer
1$0
MARK SINGLETONVICE PRESIDENT
Officer
1$0
EDWARD ANDERSONTREASURER
Officer
3$0
RICKY TINSDALLSECRETARY
Officer
1$0
ASHLEY C PROCTORMANAGER
Key employee
40$0

Address and contacts

Address (IRS master file)
PO BOX 1032, CONWAY, SC 29528-1032
In care of
% ASHLEY C PROCTOR
Principal officer (990 for 2024)
EDWARD ANDERSON, 5323 DONGOLA HWY, Conway, SC 29527
Signed the 990
ASHLEY C PROCTOR, MANAGER
Phone
(843) 248-3195
Return prepared by
DAVID G LEWIS CPA PA

Mission

PROVIDE PUBLIC WATER TO MEMBERS

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE PUBLIC WATER TO MEMBERS BOTH RESIDENTIAL AND COMMERCIAL
    Expenses $2,555,908 · revenue $3,812,663

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, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
57-0809787
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$24,165,319
Income (IRS master file)
$6,014,486

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,014,486$3,269,603$24,165,319XML
990December 2023$5,094,357$2,820,855$21,831,503XML
990December 2022$4,245,396$2,439,135$19,321,017IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––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 57-0809787).

Questions about BUCKSPORT WATER SYSTEM INC

What is the EIN of BUCKSPORT WATER SYSTEM INC?
The employer identification number (EIN) of BUCKSPORT WATER SYSTEM INC is 57-0809787.
Is BUCKSPORT WATER SYSTEM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2002.
Are donations to BUCKSPORT WATER SYSTEM INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BUCKSPORT WATER SYSTEM INC 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 BUCKSPORT WATER SYSTEM INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BUCKSPORT WATER SYSTEM INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BUCKSPORT WATER SYSTEM INC?
The 990 for the year ended December 31, 2024 names EDWARD ANDERSON.
Who are the officers and directors of BUCKSPORT WATER SYSTEM INC?
The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $102,385 (ASHLEY C PROCTOR, MANAGER).
How much revenue does BUCKSPORT WATER SYSTEM INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,014,486, expenses of $3,269,603 and total assets of $24,165,319 at year end.

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