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Grassy Pond Water Company Inc

  • Gaffney, SC
  • Tax-exempt since Sept. 1970
  • EIN: 57-0532489

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$2.6M (2023)

Expenses
$2.35M (2023)

Total Assets
$8.29M (2023)

Total Liabilities
$111k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,598,913
Expenses
$2,354,901
Net Income
$244,012
Net Assets
$8,182,064
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,439,168
93.9%
Investment Income $37,621
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $122,124
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $549,054
23.3%
Assets/Debt
Total Assets $8,292,876
Total Liabilities $110,812
Net Assets $8,182,064
Club or Co-Op Income
Income From Members $2,561,291
Income From Other Sources $37,621
Compensation
Key Employees and Officers Compensation Related Other
David Stacy (Board Member) $0 $0 $0
Lee Smith (Board Member) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Steve Wood (Treasurer) $0 $0 $0
Mitchell Humphries (President) $0 $0 $0
Greg Patterson (Vice Chairman) $0 $0 $0
Mike Bolin (Secretary) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,631,873
Expenses
$2,303,974
Net Income
$327,899
Net Assets
$7,938,052
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,550,135
96.9%
Investment Income $11,722
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $20,927
0.8%
Net Inventory Sales $0
Other Revenue $49,089
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $450,563
19.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,051,596
Total Liabilities $113,544
Net Assets $7,938,052
Club or Co-Op Income
Income From Members $2,599,224
Income From Other Sources $32,649
Compensation
Key Employees and Officers Compensation Related Other
Mike Bolin (Board Member) $0 $0 $0
Lee Smith (Board Member) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Steve Wood (Treasurer) $0 $0 $0
David Stacy (President) $0 $0 $0
Mitchell Humphries (Vice Chairman) $0 $0 $0
Greg Patterson (Secretary) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,341,882
Expenses
$1,994,290
Net Income
$347,592
Net Assets
$7,610,153
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,246,653
95.9%
Investment Income $13,626
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,028
0.2%
Net Inventory Sales $0
Other Revenue $76,575
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $401,863
20.2%
Assets/Debt
Total Assets $7,730,203
Total Liabilities $120,050
Net Assets $7,610,153
Club or Co-Op Income
Income From Members $2,323,228
Income From Other Sources $18,654
Compensation
Key Employees and Officers Compensation Related Other
Mitchel Humphries (Board Member) $0 $0 $0
David Stacy (Board Member) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Steve Wood (Treasurer) $0 $0 $0
Mike Bolin (President) $0 $0 $0
Lee Smith (Vice Chairman) $0 $0 $0
Greg Patterson (Secretary) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,156,683
Expenses
$1,834,208
Net Income
$322,475
Net Assets
$7,262,561
Notable Sources of Revenue Percent of Total Revenue
Contributions $69,200
3.2%
Program Services $1,985,738
92.1%
Investment Income $20,007
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $81,738
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $375,829
20.5%
Assets/Debt
Total Assets $7,371,546
Total Liabilities $108,985
Net Assets $7,262,561
Club or Co-Op Income
Income From Members $2,067,476
Income From Other Sources $89,207
Compensation
Key Employees and Officers Compensation Related Other
Mitchel Humphries (Board Member) $0 $0 $0
David Stacy (Board Member) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Steve Wood (Treasurer) $0 $0 $0
Mike Bolin (President) $0 $0 $0
Lee Smith (Vice Chairman) $0 $0 $0
Greg Patterson (Secretary) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 12, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,838,488
Expenses
$1,858,591
Net Income
-$20,103
Net Assets
$6,940,086
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,752,422
95.3%
Investment Income $20,903
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$976
Net Inventory Sales $0
Other Revenue $66,139
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $363,283
19.5%
Assets/Debt
Total Assets $7,028,371
Total Liabilities $88,285
Net Assets $6,940,086
Club or Co-Op Income
Income From Members $181,561
Income From Other Sources $20,903
Compensation
Key Employees and Officers Compensation Related Other
David Stacy (President) $0 $0 $0
Mike Bolin (Vice Chairman) $0 $0 $0
Greg Patterson (Secretary) $0 $0 $0
Steve Wood (Treasurer) $0 $0 $0
Mitchel Humphries (Board Member) $0 $0 $0
Lee Smith (Board Member) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,709,188
Expenses
$1,624,759
Net Income
$1,084,429
Net Assets
$6,960,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,641,031
97.5%
Investment Income $15,215
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $52,942
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $289,237
17.8%
Assets/Debt
Total Assets $7,071,564
Total Liabilities $111,375
Net Assets $6,960,189
Club or Co-Op Income
Income From Members $2,693,974
Income From Other Sources $15,215
Compensation
Key Employees and Officers Compensation Related Other
Greg Phillips (President) $0 $0 $0
Mike Bolin (Vice Chairman) $0 $0 $0
Mitchel Humphries (Secretary) $0 $0 $0
David Stacy (Treasurer) $0 $0 $0
John Phillips (Board Member) $0 $0 $0
Lee Smith (Board Member) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on July 25, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,659,237
Expenses
$1,460,552
Net Income
$198,685
Net Assets
$5,875,760
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,581,477
95.3%
Investment Income $8,031
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $69,729
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $238,278
16.3%
Assets/Debt
Total Assets $5,974,625
Total Liabilities $98,865
Net Assets $5,875,760
Club or Co-Op Income
Income From Members $1,653,356
Income From Other Sources $8,031
Compensation
Key Employees and Officers Compensation Related Other
John Phillips (President) $0 $0 $0
Mitchel Humphries (Vice Chairman) $0 $0 $0
Randy Carnes (Director) $0 $0 $0
Mike Bolin (Secretary) $0 $0 $0
Greg Phillips (Board Member) $0 $0 $0
Lee Smith (Board Member) $0 $0 $0
David Stacy (Treasurer) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on June 4, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,554,485
Expenses
$1,483,941
Net Income
$70,544
Net Assets
$5,677,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,500,793
96.5%
Investment Income $1,759
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,528
Net Inventory Sales $0
Other Revenue $55,461
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $215,023
14.5%
Assets/Debt
Total Assets $5,789,092
Total Liabilities $112,017
Net Assets $5,677,075
Club or Co-Op Income
Income From Members $1,556,254
Income From Other Sources $1,759
Compensation
Key Employees and Officers Compensation Related Other
John Phillips (President) $0 $0 $0
Mitchel Humphries (Vice Chairman) $0 $0 $0
Randy Carnes (Director) $0 $0 $0
Mike Bolin (Secretary) $0 $0 $0
Greg Phillips (Board Member) $0 $0 $0
Lee Smith (Board Member) $0 $0 $0
David Stacy (Treasurer) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,470,219
Expenses
$1,329,764
Net Income
$140,455
Net Assets
$5,606,531
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,408,270
95.8%
Investment Income $1,637
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $60,312
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $190,686
14.3%
Assets/Debt
Total Assets $5,689,029
Total Liabilities $82,498
Net Assets $5,606,531
Club or Co-Op Income
Income From Members $1,468,582
Income From Other Sources $1,637
Compensation
Key Employees and Officers Compensation Related Other
John Phillips (President) $0 $0 $0
Mitchel Humphries (Vice Chairman) $0 $0 $0
Greg Phillips (Secretary) $0 $0 $0
Mike Bolin (Treasurer) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Lee Smith (Board Member) $0 $0 $0
David Stacy (Board Member) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,381,371
Expenses
$1,227,706
Net Income
$153,665
Net Assets
$5,466,076
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,321,807
95.7%
Investment Income $1,024
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $58,540
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $162,370
13.2%
Assets/Debt
Total Assets $5,547,784
Total Liabilities $81,708
Net Assets $5,466,076
Club or Co-Op Income
Income From Members $1,380,347
Income From Other Sources $1,024
Compensation
Key Employees and Officers Compensation Related Other
Lee Smith (President) $0 $0 $0
Mitchel Humphries (Vice Chairman) $0 $0 $0
David Stacy (Secretary) $0 $0 $0
Mike Bolin (Treasurer) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Greg Phillips (Board Member) $0 $0 $0
John Phillips (Board Member) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

Document Links

990
Filed on June 11, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,514,221
Expenses
$1,226,356
Net Income
$287,865
Net Assets
$5,312,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $155,999
10.3%
Program Services $1,282,215
84.7%
Investment Income $916
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $75,091
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $154,030
12.6%
Assets/Debt
Total Assets $5,395,089
Total Liabilities $82,678
Net Assets $5,312,411
Club or Co-Op Income
Income From Members $1,357,870
Income From Other Sources $156,915
Compensation
Key Employees and Officers Compensation Related Other
Lee Smith (President) $0 $0 $0
Mitchel Humphries (Vice Chairman) $0 $0 $0
David Stacy (Secretary) $0 $0 $0
Mike Bolin (Treasurer) $0 $0 $0
Randy Carnes (Board Member) $0 $0 $0
Richard Mcdaniel (Board Member) $0 $0 $0
John Phillips (Board Member) $0 $0 $0
Philip Sarratt (Manager) $0 $0 $0
+ View more people

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990
Filed on Aug. 7, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,457,613
Expenses
$1,272,854
Net Income
$184,759
Net Assets
$5,024,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $73,099
5.0%
Program Services $1,307,264
89.7%
Investment Income $2,332
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $74,918
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $155,854
12.2%
Assets/Debt
Total Assets $5,470,664
Total Liabilities $446,118
Net Assets $5,024,546
Club or Co-Op Income
Income From Members $1,382,182
Income From Other Sources $75,431

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,578,620
Expenses
$1,271,123
Net Income
$307,497
Net Assets
$4,839,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $176,330
11.2%
Program Services $1,329,295
84.2%
Investment Income $8,320
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $64,675
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $147,584
11.6%
Assets/Debt
Total Assets $5,640,430
Total Liabilities $800,643
Net Assets $4,839,787
Club or Co-Op Income
Income From Members $1,393,970
Income From Other Sources $184,649

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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