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Nonprofit · EIN 64-0475693

FARMINGTON WATER ASSOCIATION

Tax-exempt · CORINTH, MS 38835

Financials

$1.2M$1.4M2023$2M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of FARMINGTON WATER ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$2,047,079$1,809,579$237,500$4,345,549$1,974,003$2,371,546
June 30, 2024990$1,232,548$1,377,815-$145,267$4,220,845$2,086,799$2,134,046
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$752,569
of which government grants
$752,569
Program service revenue
$1,275,704
Investment income
$18,806
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$418,617
Salaries, compensation and benefits (total)
$522,570
Professional fundraising fees
$0
Legal fees
$12,807
Accounting fees
$12,806
Occupancy
$153,206
Travel
$626
Depreciation
$283,649

Balance sheet and other

Total assets, start of year
$4,220,845
Total assets, end of year
$4,345,549
Total liabilities, end of year
$1,974,003
Net assets, end of year
$2,371,546
Land, buildings and equipment
$3,713,572
Net assets without donor restrictions
$2,371,546
Gross receipts
$2,047,079
Employees
9

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
CLAYTON YOUNGPRESIDENT
Trustee or director, Officer
40$38,000
DAVID BASSVICE PRESIDE
Trustee or director, Officer
2$0
JERRY MILLERSECRETARY/TR
Trustee or director, Officer
2$0
KIM BINGHAMDIRECTOR
Trustee or director
2$0
PHIL HENSONDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2024: 5 people
NameTitleHours / weekCompensation
BOBBY SIMMONSPRESIDENT
Trustee or director, Officer
40$49,300
CLAYTON YOUNGSECRETARY/TR
Trustee or director, Officer
40$38,000
DAVID BASSDIRECTOR
Trustee or director
2$0
KIM BINGHAMVICE PRESIDE
Trustee or director, Officer
2$0
JERRY MILLERDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 730, CORINTH, MS 38835-0730
Principal officer (990 for 2024)
CLAYTON YOUNG, 4100 COUNTY ROAD 200, CORINTH, MS 38834
Signed the 990
CLAYTON YOUNG, PRESIDENT
Phone
(662) 286-2815
Return prepared by
DOBBINS & MITCHELL PA CPAS

Mission

TO PROVIDE WATER SERVICE TO APPROXIMATELY 2600 CUSTOMERS IN ALCORN COUNTY MISSISSIPPI

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDED WATER SERVICE TO APPROXIMATELY 2600 CUSTOMERS.

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
64-0475693
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1989
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,345,549
Income (IRS master file)
$2,047,079

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$2,047,079$1,809,579$4,345,549XML
990June 2024$1,232,548$1,377,815$4,220,845XML
990June 2023$1,113,749$1,243,012$4,495,148IRS
990June 2021–––IRS
990June 2019–––IRS
990June 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 64-0475693).

Questions about FARMINGTON WATER ASSOCIATION

What is the EIN of FARMINGTON WATER ASSOCIATION?
The employer identification number (EIN) of FARMINGTON WATER ASSOCIATION is 64-0475693.
Is FARMINGTON WATER ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1989.
Are donations to FARMINGTON WATER ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FARMINGTON WATER ASSOCIATION 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 FARMINGTON WATER ASSOCIATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FARMINGTON WATER ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FARMINGTON WATER ASSOCIATION?
The 990 for the year ended June 30, 2025 names CLAYTON YOUNG.
Who are the officers and directors of FARMINGTON WATER ASSOCIATION?
The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $38,000 (CLAYTON YOUNG, PRESIDENT).
How much revenue does FARMINGTON WATER ASSOCIATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $2,047,079, expenses of $1,809,579 and total assets of $4,345,549 at year end.

Other nonprofits in CORINTH

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