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Nonprofit · EIN 64-0582487

BILLYS CREEK RURAL WATER ASSOCIATION INC

Tax-exempt · WATER VALLEY, MS 38965

Financials

$320K$287K2023$329K$335K2024$333K$359K2025
Revenue Expenses · by fiscal year end
Financials of BILLYS CREEK RURAL WATER ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$332,775$358,939-$26,164$2,455,552$1,511,344$944,208
December 31, 2024990$328,998$335,292-$6,294$1,293,676$323,046$970,630
December 31, 2023990$319,887$287,369$32,518$1,301,103$324,179$976,924
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$318,285
Investment income
$5,505
Other revenue
$8,985

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$54,960
Salaries, compensation and benefits (total)
$59,245
Professional fundraising fees
$0
Accounting fees
$4,433
Depreciation
$88,127

Balance sheet and other

Total assets, start of year
$1,293,676
Total assets, end of year
$2,455,552
Total liabilities, end of year
$1,511,344
Net assets, end of year
$944,208
Land, buildings and equipment
$615,564
Net assets without donor restrictions
$844,923
Net assets with donor restrictions
$99,285
Gross receipts
$332,775
Employees
2
Year formed
1970
State of legal domicile
MS

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
TERESA MOORESECRETARY
Officer
10$28,024
LARRY P SPROUSEPRESIDENT
Officer
10$24,596
TOMMY MCCAINVICE PRESIDENT
Officer
10$0
990 for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
LARRY P SPROUSEPRESIDENT
Officer
10$28,345
TERESA MOORESECRETARY
Officer
10$21,825
TOMMY MCCAINVICE PRESIDENT
Officer
10$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
TOMMY MCCAINVICE PRESIDENT
Officer
10$0
TERESA MOORESECRETARY
Officer
10$0
LARRY P SPROUSEPRESIDENT
Officer, Key employee, Highest-paid employee
10$0

Address and contacts

Address (IRS master file)
PO BOX 828, WATER VALLEY, MS 38965-0828
In care of
% LARRY P SPROUSE
Principal officer (990 for 2025)
LARRY P SPROUSE, P O BOX 828, WATER VALLEY, MS 38965
Signed the 990
LARRY P SPROUSE, PRESIDENT
Phone
(662) 473-0019
Return prepared by
Black and Associates P A

Mission

TO PROVIDE POTABLE WATER TO ASSOCIATION MEMBERS

990 for the year ended December 31, 2025

Program accomplishments

  • PROVIDE PORTABLE WATER TO APPROXIMATELY 848 RURAL HOUSEHOLDS
    Expenses $356,356 · revenue $330,192

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
64-0582487
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,455,552
Income (IRS master file)
$332,775

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$332,775$358,939$2,455,552XML
990December 2024$328,998$335,292$1,293,676XML
990December 2023$319,887$287,369$1,301,103XML
990December 2022$312,248$298,501$1,271,592IRS
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 64-0582487).

Questions about BILLYS CREEK RURAL WATER ASSOCIATION INC

What is the EIN of BILLYS CREEK RURAL WATER ASSOCIATION INC?
The employer identification number (EIN) of BILLYS CREEK RURAL WATER ASSOCIATION INC is 64-0582487.
Is BILLYS CREEK RURAL WATER ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1986.
Are donations to BILLYS CREEK RURAL WATER ASSOCIATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BILLYS CREEK RURAL WATER ASSOCIATION 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 BILLYS CREEK RURAL WATER ASSOCIATION INC 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 BILLYS CREEK RURAL WATER ASSOCIATION INC 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 BILLYS CREEK RURAL WATER ASSOCIATION INC?
The 990 for the year ended December 31, 2025 names LARRY P SPROUSE.
Who are the officers and directors of BILLYS CREEK RURAL WATER ASSOCIATION INC?
The 990 for the year ended December 31, 2025 lists 3 people; 2 received compensation from the organization, the highest $28,024 (TERESA MOORE, SECRETARY).
How much revenue does BILLYS CREEK RURAL WATER ASSOCIATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $332,775, expenses of $358,939 and total assets of $2,455,552 at year end.

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