Nonprofit · EIN 72-1029733
RURAL FRANKLINTON WATER COOPERATIVE
Tax-exempt · FRANKLINTON, LA 70438
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $798,361 | $741,464 | $56,897 | $1,921,682 | $759,937 | $1,161,745 |
| December 31, 2024 | 990 | $1,051,504 | $665,209 | $386,295 | $1,893,735 | $788,887 | $1,104,848 |
| December 31, 2023 | 990 | $655,598 | $598,396 | $57,202 | $1,535,784 | $817,231 | $718,553 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $755,439
- Investment income
- $69
- Other revenue
- $42,853
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $8,700
- Other salaries and wages
- $188,093
- Salaries, compensation and benefits (total)
- $296,255
- Professional fundraising fees
- $0
- Accounting fees
- $10,500
- Travel
- $1,398
- Depreciation
- $84,670
Balance sheet and other
- Total assets, start of year
- $1,893,735
- Total assets, end of year
- $1,921,682
- Total liabilities, end of year
- $759,937
- Net assets, end of year
- $1,161,745
- Land, buildings and equipment
- $1,308,890
- Net assets without donor restrictions
- $923,211
- Net assets with donor restrictions
- $238,534
- Gross receipts
- $798,361
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1974
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD MCMASTERS | PRESDIDENT Trustee or director, Officer | 1 | $2,700 |
| LENWARD THOMPSON | VICE PRESIDENT Trustee or director, Officer | 1 | $1,500 |
| LB ROGERS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,500 |
| CLIFFORD JEFFERSON | MEMBER Trustee or director | 1 | $1,500 |
| LARRY MAGEE | MEMBER Trustee or director | 1 | $1,500 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD MCMASTERS | PRESDIDENT Trustee or director, Officer | 1 | $2,700 |
| LENWARD THOMPSON | VICE PRESIDENT Trustee or director, Officer | 1 | $1,500 |
| LB ROGERS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,500 |
| CLIFFORD JEFFERSON | MEMBER Trustee or director | 1 | $1,500 |
| LARRY MAGEE | MEMBER Trustee or director | 1 | $1,500 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD MCMASTERS | PRESDIDENT Trustee or director, Officer | 1 | $2,500 |
| LENWARD THOMPSON | VICE PRESIDENT Trustee or director, Officer | 1 | $1,700 |
| LB ROGERS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $1,500 |
| CLIFFORD JEFFERSON | MEMBER Trustee or director | 1 | $1,500 |
| LARRY MAGEE | MEMBER Trustee or director | 1 | $1,375 |
Address and contacts
- Address (IRS master file)
- 422 11TH AVE, FRANKLINTON, LA 70438-1154
- Principal officer (990 for 2025)
- REGINALD MCMASTERS, 422 11TH AVENUE, FRANKLINTON, LA 70438
- Signed the 990
- REGINALD MCMASTERS, PRESIDENT
- Phone
- (985) 839-6433
- Return prepared by
- LAPORTE APAC
Mission
TO OPERATE A PRIVATE WATER SYSTEM
Program accomplishments
- THE PURPOSE OF THE CORPORATION IS TO CONSTRUCT, MAINTAIN, AND OPERATE A PRIVATE WATER SYSTEM FOR THE MUTUAL BENEFIT OF ITS MEMBERS. IN 2025, THERE WERE APPROXIMATELY 1,200 CUSTOMERS/MEMBERS RECEIVING WATER SERVICE IN THE RURAL AREA AROUND FRANKLINTON, LA.Expenses $741,464 · revenue $798,292
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1029733
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K20)
- Assets (IRS master file)
- $1,921,682
- Income (IRS master file)
- $798,361
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $798,361 | $741,464 | $1,921,682 | XML |
| 990 | December 2024 | $1,051,504 | $665,209 | $1,893,735 | IRS |
| 990 | December 2023 | $655,598 | $598,396 | $1,535,784 | XML |
| 990 | December 2022 | $647,013 | $661,772 | $1,521,272 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 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 72-1029733).
Questions about RURAL FRANKLINTON WATER COOPERATIVE
- What is the EIN of RURAL FRANKLINTON WATER COOPERATIVE?
- The employer identification number (EIN) of RURAL FRANKLINTON WATER COOPERATIVE is 72-1029733.
- Is RURAL FRANKLINTON WATER COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2001.
- Are donations to RURAL FRANKLINTON WATER COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RURAL FRANKLINTON WATER COOPERATIVE 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 RURAL FRANKLINTON WATER COOPERATIVE 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 RURAL FRANKLINTON WATER COOPERATIVE 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 RURAL FRANKLINTON WATER COOPERATIVE?
- The 990 for the year ended December 31, 2025 names REGINALD MCMASTERS.
- Who are the officers and directors of RURAL FRANKLINTON WATER COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $2,700 (REGINALD MCMASTERS, PRESDIDENT).
- How much revenue does RURAL FRANKLINTON WATER COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $798,361, expenses of $741,464 and total assets of $1,921,682 at year end.
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