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Nonprofit · EIN 72-0872390

GILGAL WATER SYSTEM INC

Tax-exempt · MINDEN, LA 71058

Financials

$294K$297K2023$289K$378K2024
Revenue Expenses · by fiscal year end
Financials of GILGAL WATER SYSTEM INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$289,105$378,218-$89,113$3,611,298$1,594,930$2,016,368
December 31, 2023990$294,319$296,755-$2,436$3,705,797$1,600,316$2,105,481
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$283,618
Investment income
$5,487
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$15,100
Salaries, compensation and benefits (total)
$16,346
Professional fundraising fees
$0
Accounting fees
$3,500
Depreciation
$101,577
Program services (functional)
$378,218

Balance sheet and other

Total assets, start of year
$3,705,797
Total assets, end of year
$3,611,298
Total liabilities, end of year
$1,594,930
Net assets, end of year
$2,016,368
Land, buildings and equipment
$2,427,017
Publicly traded securities
$51,692
Net assets without donor restrictions
$2,016,368
Gross receipts
$289,105
Employees
1
Volunteers
0
Year formed
1990
State of legal domicile
LA

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
Margaret A CoxSecretary/Treasurer
Officer
16$15,100
Joel ClaryBoard Member
Trustee or director
2$0
Terry SandersPresident
Officer
15$0
Terry Sanders JrBoard Member
Trustee or director
2$0
Jimmy SmithBoard Member
Trustee or director
2$0
Brian DriskillBoard Member
Trustee or director
2$0
Clint HeflinBoard Member
Trustee or director
2$0
Mike TalkingtonBoard Member
Trustee or director
2$0
Alton McCannBoard Member
Trustee or director
2$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
Margaret A CoxSecretary/Treasurer
Officer
16$13,500
Joel ClaryBoard Member
Trustee or director
2$0
Terry SandersPresident
Officer
15$0
Terry Sanders JrBoard Member
Trustee or director
2$0
Jimmy SmithBoard Member
Trustee or director
2$0
Brian DriskillBoard Member
Trustee or director
2$0
Clint HeflinBoard Member
Trustee or director
2$0
Mike TalkingtonBoard Member
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 544, MINDEN, LA 71058-0544
Principal officer (990 for 2024)
Terry Sanders, 892 Sanders Rd, Minden, LA 71055
Signed the 990
Terry Sanders, President
Phone
(318) 371-9097
Return prepared by
Wise Martin & Cole LLC

Mission

Rural Water Services

990 for the year ended December 31, 2024

Program accomplishments

  • Rural Water Service
    Expenses $378,218 · revenue $289,105

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
72-0872390
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1984
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,611,298
Income (IRS master file)
$289,105

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023–––IRS
990December 2022$316,934$302,365$3,739,143IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about GILGAL WATER SYSTEM INC

What is the EIN of GILGAL WATER SYSTEM INC?
The employer identification number (EIN) of GILGAL WATER SYSTEM INC is 72-0872390.
Is GILGAL WATER SYSTEM INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
Are donations to GILGAL WATER SYSTEM INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GILGAL 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 GILGAL 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 GILGAL 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 GILGAL WATER SYSTEM INC?
The 990 for the year ended December 31, 2024 names Terry Sanders.
Who are the officers and directors of GILGAL WATER SYSTEM INC?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $15,100 (Margaret A Cox, Secretary/Treasurer).
How much revenue does GILGAL WATER SYSTEM INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $289,105, expenses of $378,218 and total assets of $3,611,298 at year end.

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