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Wallace Water Company Inc

  • Wallace, SC
  • Tax-exempt since June 1976
  • EIN: 57-0601006

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
$738k (2023)

Expenses
$765k (2023)

Total Assets
$4.36M (2023)

Total Liabilities
$2.09M (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
$737,939
Expenses
$765,310
Net Income
-$27,371
Net Assets
$2,270,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $732,916
99.3%
Investment Income $5,023
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $62,753
8.2%
Professional Fundraising Fees $0
Other Salaries and Wages $125,910
16.5%
Assets/Debt
Total Assets $4,358,733
Total Liabilities $2,088,264
Net Assets $2,270,469
Club or Co-Op Income
Income From Members $732,916
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Maxine Knight (Treasurer) $30,546 $0 $0
Jeremy Steen (President) $22,077 $0 $0
Charles Deaver (Director) $1,400 $0 $0
John Frank Bennett (Director) $1,400 $0 $0
Frank Williams (Director) $1,400 $0 $0
Jimmy Grissom (Director) $1,400 $0 $0
Jennifer Sports (Director) $1,400 $0 $0
Cecil Kimery (Director) $800 $0 $0
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Document Links

990
Filed on Nov. 12, 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
$705,558
Expenses
$777,953
Net Income
-$72,395
Net Assets
$2,297,840
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $698,341
99.0%
Investment Income $8,454
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,237
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $64,363
8.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,486,149
Total Liabilities $2,188,309
Net Assets $2,297,840
Club or Co-Op Income
Income From Members $698,341
Income From Other Sources -$1,237
Compensation
Key Employees and Officers Compensation Related Other
Maxine Knight (Treasurer) $31,111 $0 $0
Jeremy Steen (President) $22,654 $0 $0
Charles Deaver (Director) $1,400 $0 $0
John Frank Bennett (Director) $1,400 $0 $0
B H Guinn (Director) $1,400 $0 $0
Frank Williams (Director) $1,400 $0 $0
Jimmy Grissom (Director) $1,400 $0 $0
Jennifer Sports (Director) $1,400 $0 $0
+ View more people

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990
Filed on Nov. 14, 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
$712,415
Expenses
$704,105
Net Income
$8,310
Net Assets
$2,373,858
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,300
4.3%
Program Services $679,190
95.3%
Investment Income $425
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,500
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $46,930
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,642,669
Total Liabilities $2,268,811
Net Assets $2,373,858
Club or Co-Op Income
Income From Members $679,190
Income From Other Sources $2,500
Compensation
Key Employees and Officers Compensation Related Other
Maxine Knight (Treasurer) $31,424 $0 $0
Jeremy Steen (President) $22,917 $0 $0
Charles Deaver (Director) $1,400 $0 $0
John Frank Bennett (Director) $1,400 $0 $0
B H Guinn (Director) $1,400 $0 $0
Frank Williams (Director) $1,400 $0 $0
Jimmy Grissom (Director) $1,400 $0 $0
Jennifer (Sports) $1,400 $0 $0
+ View more people

Document Links

990
Filed on Oct. 7, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$674,420
Expenses
$675,966
Net Income
-$1,546
Net Assets
$2,372,078
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $673,612
99.9%
Investment Income $808
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $67,865
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,741,337
Total Liabilities $2,369,259
Net Assets $2,372,078
Club or Co-Op Income
Income From Members $673,612
Income From Other Sources $808
Compensation
Key Employees and Officers Compensation Related Other
Maxine Knight (Treasurer) $28,260 $0 $0
Jeremy Steen (President) $27,055 $0 $0
Charles Deaver (Director) $1,325 $0 $0
John Frank Bennett (Director) $1,325 $0 $0
B H Guinn (Director) $1,325 $0 $0
Frank Williams (Director) $1,325 $0 $0
Jimmy Grissom (Director) $1,325 $0 $0
Jennifer (Sports) $1,325 $0 $0
+ View more people

Document Links

990
Filed on Sept. 2, 2021

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$665,295
Expenses
$644,981
Net Income
$20,314
Net Assets
$2,376,177
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $654,902
98.4%
Investment Income $1,893
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,500
1.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $56,890
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,769,098
Total Liabilities $2,392,921
Net Assets $2,376,177
Club or Co-Op Income
Income From Members $655,618
Income From Other Sources $8,500
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Steen (President) $27,557 $0 $0
Maxine Knight (Treasurer) $20,273 $0 $0
Charles Deaver (Director) $1,200 $0 $0
John Frank Bennett (Director) $1,200 $0 $0
B H Guinn (Director) $1,200 $0 $0
Frank Williams (Director) $1,200 $0 $0
Jimmy Grissom (Director) $1,200 $0 $0
Jennifer (Sports) $1,200 $0 $0
+ View more people

Document Links

990
Filed on Aug. 14, 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
$660,379
Expenses
$597,220
Net Income
$63,159
Net Assets
$2,355,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $658,355
99.7%
Investment Income $2,024
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $42,275
7.1%
Professional Fundraising Fees $0
Other Salaries and Wages $75,585
12.7%
Assets/Debt
Total Assets $4,755,680
Total Liabilities $2,399,817
Net Assets $2,355,863
Club or Co-Op Income
Income From Members $658,355
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Jeremy Steen (President) $21,663 $0 $0
Maxine Knight (Treasurer) $15,112 $0 $0
James Quick (Former President) $1,000 $0 $0
Charles Deaver (Director) $900 $0 $0
John Frank Bennett (Director) $900 $0 $0
B H Guinn (Director) $900 $0 $0
Frank Williams (Director) $900 $0 $0
Jimmy Grissom (Director) $900 $0 $0
+ View more people

Document Links

990
Filed on May 15, 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
$626,416
Expenses
$554,142
Net Income
$72,274
Net Assets
$2,292,703
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $625,971
99.9%
Investment Income $445
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $21,541
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $77,277
13.9%
Assets/Debt
Total Assets $4,737,515
Total Liabilities $2,444,812
Net Assets $2,292,703
Club or Co-Op Income
Income From Members $625,971
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
James Quick (Former President) $12,400 $0 $0
Jeremy Steen (President) $5,000 $0 $0
Maxine Knight (Treasurer) $1,200 $0 $0
Charles Deaver (Director) $600 $0 $0
John Frank Bennett (Director) $600 $0 $0
B H Guinn (Director) $600 $0 $0
Frank Williams (Director) $600 $0 $0
Jimmy Grissom (Director) $600 $0 $0
+ View more people

Document Links

990
Filed on May 14, 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
$637,645
Expenses
$555,703
Net Income
$81,942
Net Assets
$2,220,430
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $622,588
97.6%
Investment Income $333
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,724
2.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,150
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $67,784
12.2%
Assets/Debt
Total Assets $4,724,143
Total Liabilities $2,503,713
Net Assets $2,220,430
Club or Co-Op Income
Income From Members $622,588
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
James Quick (President) $11,550 $0 $0
Charles Deaver (Director) $600 $0 $0
John Frank Bennett (Director) $600 $0 $0
B H Guinn (Director) $600 $0 $0
Frank Williams (Director) $600 $0 $0
Jimmy Grissom (Director) $600 $0 $0
Maxine Knight (Treasurer) $600 $0 $0
+ View more people

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990
Filed on May 9, 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
$660,714
Expenses
$570,383
Net Income
$90,331
Net Assets
$2,145,277
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $629,501
95.3%
Investment Income $326
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,840
0.6%
Net Fundraising $0
Sales of Assets $27,047
4.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $16,000
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $64,110
11.2%
Assets/Debt
Total Assets $4,713,470
Total Liabilities $2,568,193
Net Assets $2,145,277
Club or Co-Op Income
Income From Members $629,501
Income From Other Sources $3,840
Compensation
Key Employees and Officers Compensation Related Other
James Quick (President) $12,514 $0 $0
Frank Williams (Director) $700 $0 $0
Charles Deaver (Director) $600 $0 $0
John Frank Bennett (Director) $600 $0 $0
B H Guinn (Director) $600 $0 $0
Jimmy Grissom (Director) $550 $0 $0
Maxine Knight (Treasurer) $550 $0 $0
+ View more people

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990
Filed on May 13, 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
$621,989
Expenses
$579,943
Net Income
$42,046
Net Assets
$2,054,946
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $617,093
99.2%
Investment Income $396
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,500
0.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $13,275
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $62,117
10.7%
Assets/Debt
Total Assets $4,692,425
Total Liabilities $2,637,479
Net Assets $2,054,946
Club or Co-Op Income
Income From Members $617,093
Income From Other Sources $4,500
Compensation
Key Employees and Officers Compensation Related Other
James Quick (President) $10,275 $0 $0
Charles Deaver (Director) $600 $0 $0
John Frank Bennett (Director) $600 $0 $0
Margaret Wallace (Secretary/Treasurer) $600 $0 $0
B H Guinn (Director) $600 $0 $0
Frank Williams (Director) $600 $0 $0
+ View more people

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990
Filed on May 12, 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
$581,678
Expenses
$566,858
Net Income
$14,820
Net Assets
$2,045,420
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $575,873
99.0%
Investment Income $285
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,520
0.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $13,550
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $55,781
9.8%
Assets/Debt
Total Assets $4,724,215
Total Liabilities $2,678,795
Net Assets $2,045,420
Club or Co-Op Income
Income From Members $575,873
Income From Other Sources $5,520
Compensation
Key Employees and Officers Compensation Related Other
James Quick (President) $10,200 $0 $0
Charles Deaver (Director) $600 $0 $0
John Frank Bennett (Director) $600 $0 $0
Margaret Wallace (Secretary/Treasurer) $600 $0 $0
B H Guinn (Director) $600 $0 $0
Frank Williams (Director) $600 $0 $0
+ View more people

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990
Filed on May 13, 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
$801,881
Expenses
$536,242
Net Income
$265,639
Net Assets
$2,030,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $290,173
36.2%
Program Services $499,856
62.3%
Investment Income $352
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,200
0.5%
Net Fundraising $0
Sales of Assets $7,300
0.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $10,200
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $53,046
9.9%
Assets/Debt
Total Assets $4,746,817
Total Liabilities $2,716,217
Net Assets $2,030,600
Club or Co-Op Income
Income From Members $499,856
Income From Other Sources $11,500

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
$506,229
Expenses
$538,088
Net Income
-$31,859
Net Assets
$1,730,970
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,300
5.0%
Program Services $481,074
95.0%
Investment Income $313
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$458
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,526
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $48,245
9.0%
Assets/Debt
Total Assets $4,507,213
Total Liabilities $2,776,243
Net Assets $1,730,970
Club or Co-Op Income
Income From Members $481,074
Income From Other Sources $0

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

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.
2006

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

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.

API

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Byline

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