NORTH LAUDERDALE WATER ASSOCIATION
420 EAGLE DRIVE, MERIDIAN, MS 39305 www.northlauderdalewater.com

Total Revenue
$2,677,989
Total Expenses
$2,258,735
Net Assets
$3,527,599

Organizations Filed Purposes: NORTH LAUDERDALE WATER ASSOCIATION, INC. IS A RURAL WATER ASSOCIATION PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN NORTH CENTRAL LAUDERDALE COUNTY, MISSISSIPPI.

PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN NORTH CENTRAL LAUDERDALE COUNTY, MISSISSIPPI.

DEPRECIATION EXPENSE - DEPRECIATION IS CLAIMED ON THE WATER DISTRIBUTION SYSTEM AND ALL EQUIPMENT REQUIRED TO MAINTAIN AND SERVICE THE WELL, DISTRIBUTION SYSTEM, AND TREATMENT FACILITY. DEPRECIATION IS CLAIMED UTILIZING THE STRAIGHT LINE METHOD OF DEPRECIATION.

SALARIES EXPENSE - ALL EMPLOYEES OF THE ASSOCIATION WORK FOR THE BETTERMENT OF THE ASSOCIATION TO KEEP THE WELLS RUNNING AND SERVING ALL CUSTOMERS.

INTEREST EXPENSE - NORTH LAUDERDALE WATER ASSOCIATION, INC. COMPLETED A LARGE REDESIGN AND UPGRADE OF THE WATER SYSTEM, INCLUDING A NEW WATER STORAGE TANK. A LARGE PORTION OF THE REVENUE IS USED TO SERVICE THE DEBT TO THIS PROJECT.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Paul GoldmanVICE PRESIDENT10$1,250
Eddie GibsonDIRECTOR10$1,250
Todd KieferPRESIDENT10$1,150
James DuncanDIRECTOR10$1,150
Lou Ella LimerickSECRETARY10$650

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202111979349300501_public.xml