Form 990 for tax year 2024
Filed by ARKANSAS RURAL WATER ASSOCIATION.
Totals
- Total revenue
- $3,092,308
- Total expenses
- $3,073,442
- Contributions and grants received
- $1,761,502
- Grants paid
- $0
- Program service revenue
- $1,212,514
- Investment income
- $106,179
- Other revenue
- $12,113
- Total assets, end of year
- $6,398,578
- Total liabilities, end of year
- $171,756
- Net assets or fund balances, end of year
- $6,226,822
- Program services expenses (Part IX)
- $1,943,061
- Management and general expenses
- $1,130,381
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,943,061
Program services were 63.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,733,368
-
1f · All other contributions, gifts and grants
$28,134
-
1g · Noncash contributions included above
$7,200
-
2a · Program service revenue: MEMBERSHIP DUES
total $549,668 · related or exempt $549,668
-
2b · Program service revenue: CONFERENCE FEES
total $328,141 · related or exempt $328,141
-
2c · Program service revenue: OTHER PROGRAM REVENUE
total $241,742 · related or exempt $241,742
-
2d · Program service revenue: WUBD BILLING REVENUE
total $35,183 · related or exempt $35,183
-
2e · Program service revenue: LOAN ASSET INCOME
total $29,095 · related or exempt $29,095
-
2f · All other program service revenue
total $28,685 · related or exempt $28,685
-
3 · Investment income
total $107,963 · excluded $107,963
-
7a · Gross sales of assets other than inventory
other assets $19,500
-
7b · Less cost or other basis and sales expenses
other assets $21,284
-
7c · Gain or loss
other assets -$1,784
-
7d · Net gain or loss
total -$1,784 · excluded -$1,784
-
11a · Other revenue: INSURANCE DIVIDEND
total $12,113 · related or exempt $12,113
-
11e · Other revenue, total
$12,113
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,570,765 · program services $925,583 · management and general $645,182
-
12 · Advertising and promotion
total $35,962 · management and general $35,962
-
13 · Office expenses
total $81,897 · management and general $81,897
-
16 · Occupancy
total $49,195 · management and general $49,195
-
18 · Travel or entertainment for public officials
total $399,564 · program services $312,347 · management and general $87,217
-
19 · Conferences, conventions and meetings
total $255,340 · management and general $255,340
-
22 · Depreciation, depletion and amortization
total $148,396 · management and general $148,396
-
23 · Insurance
total $98,335 · management and general $98,335
-
24a · Other expenses: SEWER CAMERA/OTHER EXP
total $139,761 · management and general $139,761
-
24b · Other expenses: REPAIRS AND MAINTNENANCE
total $57,808 · management and general $57,808
-
24c · Other expenses: BACKFLOW EXPENSES
total $36,739 · management and general $36,739
-
24d · Other expenses: TELEPHONE
total $32,866 · management and general $32,866
-
24e · All other expenses
total $166,814 · program services $705,131 · management and general -$538,317
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,862,590 · end of year $1,939,316
-
2 · Savings and temporary cash investments
beginning of year $301,464 · end of year $321,799
-
4 · Accounts receivable
beginning of year $382,350 · end of year $313,639
-
9 · Prepaid expenses and deferred charges
beginning of year $30,951 · end of year $45,957
-
10a · Land, buildings and equipment: cost or other basis
$2,679,730
-
10b · Land, buildings and equipment: accumulated depreciation
$1,794,344
-
10c · Land, buildings and equipment, net
beginning of year $939,819 · end of year $885,386
-
11 · Investments: publicly traded securities
beginning of year $2,656,039 · end of year $2,836,612
-
14 · Intangible assets
beginning of year $75,000 · end of year $41,667
-
15 · Other assets
beginning of year $19,840 · end of year $14,202
-
17 · Accounts payable and accrued expenses
beginning of year $91,975 · end of year $133,474
-
19 · Deferred revenue
beginning of year $17,446 · end of year $24,356
-
25 · Other liabilities
beginning of year $19,568 · end of year $13,926
-
27 · Net assets without donor restrictions
beginning of year $6,139,064 · end of year $6,226,822
Mission and programs · 2024
Mission
TO PROVIDE ARKANSAS' RURAL WATER UTILITIES THE HIGHEST LEVEL OF TRAINING AND TECHNICAL SERVICES IN ORDER TO OBTAIN QUALITY WATER AT THE LOWEST POSSIBLE COST.
-
PROVIDE ARKANSAS' RURAL WATER UTILITIES TRAINING AND TECHNICAL SERVICES.
Expenses $1,943,061 · Revenue $1,212,514
As filed on the 2024 return.
Listed in Part VII
-
Dennis SternbergDENNIS STERNBERG
EXECUTIVE DI
- Total calculated
- $175,991
- From this org
- $175,991
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,991
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $175,991
-
Zach BakerZACH BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Butch BartholomewBUTCH BARTHOLOMEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bobby BrownBOBBY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John ChoateJOHN CHOATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg CrossGREG CROSS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jeff FordJEFF FORD
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Benjy HildebrandBENJY HILDEBRAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Greg HootenGREG HOOTEN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Tate HouseTATE HOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terry HouseTERRY HOUSE
2ND VICE PRE
- Total calculated
- $0
- Hours/week
- 1
-
Jackie William Hinchey JrJACKIE WILLIAM HINCHEY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jesse McChristian JrJESSE MCCHRISTIAN JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David LilesDAVID LILES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jesse McKinnonJESSE MCKINNON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tenay SellersTENAY SELLERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bryan SmithBRYAN SMITH
1ST VICE PRE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 March 2025
- IRS schema version
- 2024v5.0
- Source object
- 202520739349301417
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