Skip to content
Nonprofiteer
← COALFIELD WATER DEVELOPMENT FUN INC

Form 990 for tax year 2023

Filed by COALFIELD WATER DEVELOPMENT FUN INC.

Totals

Total revenue
$682,798
Total expenses
$770,421
Contributions and grants received
$195,128
Grants paid
$646,566
Program service revenue
$0
Investment income
$381,671
Other revenue
$105,999
Total assets, end of year
$22,107,455
Total liabilities, end of year
$10,930,414
Net assets or fund balances, end of year
$11,177,041
Program services expenses (Part IX)
$646,566
Management and general expenses
$123,855
Fundraising expenses
$0
Program service expenses (Part III)
$646,566

Program services were 83.9% 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.

  • 1f · All other contributions, gifts and grants

    $195,128

  • 3 · Investment income

    total $409,777 · related or exempt $409,777

  • 7a · Gross sales of assets other than inventory

    securities $758,503

  • 7b · Less cost or other basis and sales expenses

    securities $786,609

  • 7c · Gain or loss

    securities -$28,106

  • 7d · Net gain or loss

    total -$28,106 · related or exempt -$28,106

  • 11a · Other revenue: DE-OBLIGATED FUND

    total $105,999 · related or exempt $105,999

  • 11e · Other revenue, total

    $105,999

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $646,566 · program services $646,566

  • 11a · Fees: management

    total $45,064 · management and general $45,064

  • 11c · Fees: accounting

    total $30,430 · management and general $30,430

  • 11f · Fees: investment management

    total $38,533 · management and general $38,533

  • 11g · Fees: other

    total $7,500 · management and general $7,500

  • 23 · Insurance

    total $803 · management and general $803

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,525 · management and general $1,525

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,038 · end of year $638,585

  • 11 · Investments: publicly traded securities

    beginning of year $20,591,073 · end of year $21,468,870

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,198 · end of year $2,250

  • 18 · Grants payable

    beginning of year $789,309 · end of year $928,164

  • 23 · Secured mortgages and notes payable

    beginning of year $10,000,000 · end of year $10,000,000

  • 28 · Net assets with donor restrictions

    beginning of year $10,075,604 · end of year $11,177,041

Mission and programs · 2023

Mission

TO EXPEDITE WATER DEVELOPMENT BY PROVIDING GAP FINANCING, ENCOURAGE REGIONAL WATER SYSTEM DEVELOPMENT AND LOCAL INVESTMENTS IN WATER PROVISION, AND ADDRESS PUBLIC HEALTH PROBLEMS RELATED TO THE QUANTITY AND QUALITY OF WATER

Activities or mission (Part I)

TO EXPEDITE WATER DEVELOPMENT BY PROVIDING GAP FINANCING, ENCOURAGE REGIONAL WATER SYSTEM DEVELOPMENT

  • TO FUND WATER PROJECTS IN SOUTHWEST VIRGINIA, FOCUSING ON AREAS WITHOUT ADEQUATE WATER SYSTEMS

    Expenses $646,566 · Grants $646,566

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Duane Miller

    V PRESIDENT

    Total calculated
    $0

  • Scotty Wampler

    PRESIDENT

    Total calculated
    $0

  • Brian Blankenship

    SECRETARY

    Total calculated
    $0

  • Sim Ewing

    TREASURER

    Total calculated
    $0

  • Barbara Altizer

    DIRECTOR

    Total calculated
    $0

  • Harry Childress

    DIRECTOR

    Total calculated
    $0

  • David Deal

    DIRECTOR

    Total calculated
    $0

  • Randy Albert

    DIRECTOR

    Total calculated
    $0

  • Kevin Elkins

    DIRECTOR

    Total calculated
    $0

  • Robert Hilt

    DIRECTOR

    Total calculated
    $0

  • Robert Perkinson

    DIRECTOR

    Total calculated
    $0

  • Donnie Ratliff

    DIRECTOR

    Total calculated
    $0

  • Dennis Sutherland

    DIRECTOR

    Total calculated
    $0

  • Mike Hymes

    DIRECTOR

    Total calculated
    $0

  • Mike Thomas

    DIRECTOR

    Total calculated
    $0

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.

Grants on this return

  • BUCHANAN COUNTY PUBLIC SERVICE

    $330,064

    WATER PROJECTS

  • LEE COUNTY PUBLIC SERVICE AUTHORITY

    $109,900

    WATER PROJECTS

  • WISE COUNTY PUBLIC SERVICE

    $106,602

    WATER PROJECTS

  • DICKENSON COUNTY PUBLIC SERVICE

    $100,000

    WATER PROJECTS

Provenance

Return type
form_990
Tax year
2023
Filed
18 September 2024
IRS schema version
2023v5.0
Source object
202413209349311191

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.