Organizations Filed Purposes:
TOOMSUBA WATER SYSTEM, INC. IS A RURAL WATER ASSOCIATON WHICH PROVIDES WATER TO CUSTOMERS IN A RURAL AREA IN TOOMSUBA, MISSISSIPPI.
PROVIDING WATER TO CUSTOMERS IN A RURAL AREA IN TOOMSUBA, 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 - TOOMSUBA WATER SYSTEM, INC. RECENTLY COMPLETED A LARGE EXPANSION AND UPGRADE OF THE WATER SYSTEM. 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
| Name | Title | Hours Per Week | Total Salary |
|---|
| Brandon Harper | SEC/TREASURER | 5 | $630 |
| Billy Stuckey | VICE PRESIDENT | 5 | $630 |
| Wl Barrett | PRESIDENT | 20 | $630 |
| Tommy Swain | DIRECTOR | 5 | $630 |
| Bobby Barrett | DIRECTOR | 5 | $608 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202131259349301618_public.xml