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Browns Creek Water Co Inc

Organization summary

Type of Nonprofit

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

Category: Public, Society Benefit — Multipurpose and Other / Public Utilities (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$434k (2023)

Expenses
$464k (2023)

Total Assets
$2.23M (2023)

Total Liabilities
$783k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$434,394
Expenses
$463,552
Net Income
-$29,158
Net Assets
$1,450,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,900
2.5%
Investment Income $207
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $421,307
97.0%
Other Revenue $1,980
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $107,133
23.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,234,140
Total Liabilities $783,255
Net Assets $1,450,885
Club or Co-Op Income
Income From Members $683,983
Income From Other Sources $2,187
Compensation
Key Employees and Officers Compensation Related Other
William Teaster (Dir Operat) $53,798 $0 $4,842
Janice A Winstead (Secretary/Tr) $36,757 $0 $3,309
Jimmy Teaster (Field Manage) $16,578 $0 $1,616
Terry Bentley (Director) $0 $0 $0
Jay Burr (Director) $0 $0 $0
Jimmy Carter (Chairman) $0 $0 $0
Duane Franklin (Director) $0 $0 $0
Tony Neal (Director) $0 $0 $0
Robert Palmer (Vice Chairma) $0 $0 $0
Jamison Taylor (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$453,200
Expenses
$475,418
Net Income
-$22,218
Net Assets
$1,480,043
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,950
2.9%
Investment Income $156
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $436,724
96.4%
Other Revenue $3,370
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $102,099
21.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,269,033
Total Liabilities $788,990
Net Assets $1,480,043
Club or Co-Op Income
Income From Members $702,521
Income From Other Sources $3,526
Compensation
Key Employees and Officers Compensation Related Other
William Teaster (Dir Operat) $51,362 $0 $4,623
Janice A Winstead (Secretary/Tr) $34,977 $0 $3,148
Jimmy Teaster (Field Manage) $15,760 $0 $1,537
Terry Bentley (Director) $0 $0 $0
Jay Burr (Director) $0 $0 $0
Jimmy Carter (Chairman) $0 $0 $0
Duane Franklin (Director) $0 $0 $0
Tony Neal (Director) $0 $0 $0
Robert Palmer (Vice Chairma) $0 $0 $0
Jamison Taylor (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$441,491
Expenses
$479,472
Net Income
-$37,981
Net Assets
$1,502,261
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,000
1.6%
Investment Income $649
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $430,412
97.5%
Other Revenue $3,430
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $97,131
20.3%
Professional Fundraising Fees $0
Other Salaries and Wages $20,888
4.4%
Assets/Debt
Total Assets $2,305,410
Total Liabilities $803,149
Net Assets $1,502,261
Club or Co-Op Income
Income From Members $737,931
Income From Other Sources $4,079
Compensation
Key Employees and Officers Compensation Related Other
William H Teaster (Director Ope) $48,571 $0 $4,378
Janice A Winstead (Secretary/Tr) $33,460 $0 $3,005
Jimmy Teaster (Field Manage) $15,100 $0 $1,404
Duane Franklin (Director) $360 $0 $0
Tony Neal (Director) $320 $0 $0
Terry Bentley (Director) $280 $0 $0
Jamison Taylor (Director) $240 $0 $0
Jimmy Carter (Chairman) $0 $0 $0
Robert Palmer (Vice Chairma) $0 $0 $0
Jay Burr (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$365,962
Expenses
$518,710
Net Income
-$152,748
Net Assets
$1,540,242
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,670
2.4%
Investment Income $165
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $355,927
97.3%
Other Revenue $1,200
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,436
18.6%
Professional Fundraising Fees $0
Other Salaries and Wages $18,528
3.6%
Assets/Debt
Total Assets $2,355,474
Total Liabilities $815,232
Net Assets $1,540,242
Club or Co-Op Income
Income From Members $643,187
Income From Other Sources $1,365
Compensation
Key Employees and Officers Compensation Related Other
William H Teaster (Director Ope) $48,646 $0 $4,378
Janice A Winstead (Secretary/Tr) $33,390 $0 $3,005
Jimmy Teaster (Field Manage) $14,400 $0 $1,404
Terry Bentley (Director) $280 $0 $0
Jimmy Carter (Chairman) $280 $0 $0
Duane Franklin (Director) $280 $0 $0
Tony Neal (Director) $280 $0 $0
Robert Palmer (Vice Chairma) $280 $0 $0
Jay Burr (Director) $160 $0 $0
Jamison Taylor (Director) $160 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$997,847
Expenses
$427,633
Net Income
$570,214
Net Assets
$1,692,990
Notable Sources of Revenue Percent of Total Revenue
Contributions $538,152
53.9%
Program Services $8,542
0.9%
Investment Income $502
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $447,959
44.9%
Other Revenue $2,692
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $92,482
21.6%
Professional Fundraising Fees $0
Other Salaries and Wages $24,405
5.7%
Assets/Debt
Total Assets $2,526,492
Total Liabilities $833,502
Net Assets $1,692,990
Club or Co-Op Income
Income From Members $714,468
Income From Other Sources $3,194
Compensation
Key Employees and Officers Compensation Related Other
William H Teaster (Director Ope) $42,160 $0 $4,170
Janice A Winstead (Secretary/Tr) $27,475 $0 $2,717
Jimmy Teaster (Field Manage) $14,404 $0 $1,556
Terry Bentley (Director) $0 $0 $0
Jay Burr (Director) $0 $0 $0
Jimmy Carter (Chairman) $0 $0 $0
Duane Franklin (Director) $0 $0 $0
Tony Neal (Director) $0 $0 $0
Robert Palmer (Vice Chairma) $0 $0 $0
Jamison Taylor (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$328,487
Expenses
$349,858
Net Income
-$21,371
Net Assets
$1,122,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,734
6.9%
Program Services $0
Investment Income $414
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,708
1.1%
Net Inventory Sales $301,631
91.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $81,320
23.2%
Professional Fundraising Fees $0
Other Salaries and Wages $24,960
7.1%
Assets/Debt
Total Assets $2,021,993
Total Liabilities $899,217
Net Assets $1,122,776
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
William H Teaster (Director Of Op) $43,388 $0 $0
Janice A Winstead (Secretary/Treas) $24,492 $0 $0
Jimmy Teaster (Company Manager) $13,440 $0 $0
Rober Palmer (Director) $0 $0 $0
Jay Burr (Vice Chairman) $0 $0 $0
Jamison Taylor (Director) $0 $0 $0
Dwayne Franklin (Director) $0 $0 $0
Jimmy Carter (Chairman) $0 $0 $0
Toney Neal (Director) $0 $0 $0
Terry Bentley (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$454,620
Expenses
$328,360
Net Income
$126,260
Net Assets
$1,144,147
Notable Sources of Revenue Percent of Total Revenue
Contributions $145,626
32.0%
Program Services $0
Investment Income $350
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $308,644
67.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $61,040
18.6%
Professional Fundraising Fees $0
Other Salaries and Wages $43,539
13.3%
Assets/Debt
Total Assets $2,180,330
Total Liabilities $1,036,183
Net Assets $1,144,147
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Jimmy Teaster (Company Manager) $30,801 $0 $0
Janice A Winstead (Secretary/Treas) $21,266 $0 $0
William H Teaster (Director Of Op) $8,973 $0 $0
Rober Palmer (Vice Chairman) $0 $0 $0
Jay Burr (Director) $0 $0 $0
Jamison Taylor (Director) $0 $0 $0
Dwayne Franklin (Director) $0 $0 $0
Jimmy Carter (Chairman) $0 $0 $0
Toney Neal (Director) $0 $0 $0
Nadine D Smith (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$427,414
Expenses
$280,841
Net Income
$146,573
Net Assets
$1,017,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,098
35.1%
Program Services $0
Investment Income $3,279
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,766
Net Inventory Sales $276,803
64.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $58,741
20.9%
Professional Fundraising Fees $0
Other Salaries and Wages $35,272
12.6%
Assets/Debt
Total Assets $1,985,503
Total Liabilities $967,616
Net Assets $1,017,887
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Jimmy Teaster (Company Manager) $42,401 $0 $0
Janice A Winstead (Secretary/Treas) $16,340 $0 $0
Rober Palmer (Vice Chairman) $0 $0 $0
Jay Burr (Director) $0 $0 $0
Jamison Taylor (Director) $0 $0 $0
Dwayne Franklin (Director) $0 $0 $0
Jimmy Carter (Chairman) $0 $0 $0
Toney Neal (Director) $0 $0 $0
Nadine D Smith (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$329,774
Expenses
$222,065
Net Income
$107,709
Net Assets
$871,314
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,817
17.5%
Program Services $0
Investment Income $356
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $271,601
82.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $41,424
18.7%
Professional Fundraising Fees $0
Other Salaries and Wages $38,656
17.4%
Assets/Debt
Total Assets $1,062,808
Total Liabilities $191,494
Net Assets $871,314
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Jimmy Teaster (Company Manager) $41,424 $0 $0
Rober Palmer (Vice President) $0 $0 $0
Jay Burr (Director) $0 $0 $0
John Lee Robbins (Director) $0 $0 $0
James Lancaster (President) $0 $0 $0
Dwayne Franklin (Director) $0 $0 $0
Jimmy Carter (Secretary Treas) $0 $0 $0
Nadine D Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$233,489
Expenses
$251,668
Net Income
-$18,179
Net Assets
$763,605
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $257
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $233,232
99.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $80,559
32.0%
Professional Fundraising Fees $0
Other Salaries and Wages $32,000
12.7%
Assets/Debt
Total Assets $868,570
Total Liabilities $104,965
Net Assets $763,605
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Jimmy Teaster (Company Manager) $41,424 $0 $0
Nadine D Smith (Treasurer) $39,135 $0 $0
Roger Hill (Director) $0 $0 $0
Jay Burr (Director) $0 $0 $0
John Lee Robbins (Director) $0 $0 $0
James Lancaster (Director) $0 $0 $0
Dwayne Franklin (President & Ceo) $0 $0 $0
Jimmy Carter (Vice President) $0 $0 $0

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Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$251,406
Expenses
$249,795
Net Income
$1,611
Net Assets
$781,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $332
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $251,074
99.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,125
14.5%
Professional Fundraising Fees $0
Other Salaries and Wages $73,424
29.4%
Assets/Debt
Total Assets $882,243
Total Liabilities $100,459
Net Assets $781,784
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Nadine D Smith (Treasurer) $36,125 $0 $0
Stan Eaves (Director) $0 $0 $0
John Lee Robbins (Director) $0 $0 $0
Dwayne Franklin (Director) $0 $0 $0
Jimmy Carter (Vice President) $0 $0 $0
James Lancaster (Director) $0 $0 $0
Roger Hill (Director) $0 $0 $0
Robert Palmer (President) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$193,885
Expenses
$244,403
Net Income
-$50,518
Net Assets
$780,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $416
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $193,469
99.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,125
14.8%
Professional Fundraising Fees $0
Other Salaries and Wages $71,096
29.1%
Assets/Debt
Total Assets $898,190
Total Liabilities $118,017
Net Assets $780,173
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$220,636
Expenses
$232,265
Net Income
-$11,629
Net Assets
$830,691
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $647
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $219,989
99.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $35,424
15.3%
Professional Fundraising Fees $0
Other Salaries and Wages $67,844
29.2%
Assets/Debt
Total Assets $915,263
Total Liabilities $84,572
Net Assets $830,691
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

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

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

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

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 »

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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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