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Milton Water System Inc

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.

Details

An independent audit commissioned by this organization for the fiscal year ending June 2024 identified:

Going concern flag
Audit identified substantial doubt about this organization’s ability to meet its financial obligations and continue operating for the foreseeable future.
Material weakness in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency could lead to failure to prevent or correct noncompliance with requirements.

Summary charts: organization finances over time

Revenue
$3.94M (2024)

Expenses
$2.03M (2024)

Total Assets
$11.9M (2024)

Total Liabilities
$4.84M (2024)

Source: Form 990 tax filings from 2011 to 2024

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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,941,677
Expenses
$2,034,135
Net Income
$1,907,542
Net Assets
$7,053,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,900,824
48.2%
Program Services $2,017,136
51.2%
Investment Income $23,717
0.6%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $312,504
15.4%
Assets/Debt
Total Assets $11,890,959
Total Liabilities $4,837,485
Net Assets $7,053,474
Club or Co-Op Income
Income From Members $2,017,136
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Sinda Soileau (Board Member) $0 $0 $0
Glen Guidry (Board Member) $0 $0 $0
Larry Soileau (Board Member) $0 $0 $0
Bob Bixenman (President) $0 $0 $0
Lisa Noel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,919,029
Expenses
$1,965,464
Net Income
-$46,435
Net Assets
$5,151,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,897,884
98.9%
Investment Income $21,145
1.1%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $297,597
15.1%
Assets/Debt
Total Assets $7,224,145
Total Liabilities $2,072,875
Net Assets $5,151,270
Club or Co-Op Income
Income From Members $1,897,884
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Sinda Soileau (Board Member) $0 $0 $0
Glen Guidry (Board Member) $0 $0 $0
Larry Soileau (Board Member) $0 $0 $0
Bob Bixenman (President) $0 $0 $0
Lisa Noel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,878,685
Expenses
$1,663,079
Net Income
$215,606
Net Assets
$5,197,703
Notable Sources of Revenue Percent of Total Revenue
Contributions $30,135
1.6%
Program Services $1,842,412
98.1%
Investment Income $6,138
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $247,488
14.9%
Assets/Debt
Total Assets $7,344,490
Total Liabilities $2,146,787
Net Assets $5,197,703
Club or Co-Op Income
Income From Members $1,842,412
Income From Other Sources $30,135
Compensation
Key Employees and Officers Compensation Related Other
Glen Guidry (Board Member) $0 $0 $0
Larry Soileau (Board Member) $0 $0 $0
Bob Bixenman (Board Member) $0 $0 $0
Sinda Soileau (President) $0 $0 $0
Lisa Noel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,907,835
Expenses
$1,807,710
Net Income
$100,125
Net Assets
$4,707,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $54,325
2.8%
Program Services $1,843,435
96.6%
Investment Income $10,075
0.5%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $226,295
12.5%
Assets/Debt
Total Assets $6,857,582
Total Liabilities $2,150,032
Net Assets $4,707,550
Club or Co-Op Income
Income From Members $1,843,435
Income From Other Sources $54,325
Compensation
Key Employees and Officers Compensation Related Other
Glen Guidry (Board Member) $0 $0 $0
Larry Soileau (Board Member) $0 $0 $0
Bob Bixenman (Board Member) $0 $0 $0
Sinda Soileau (President) $0 $0 $0
Lisa Noel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,640,494
Expenses
$1,436,973
Net Income
$203,521
Net Assets
$4,607,425
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,642,147
> 100%
Investment Income $4,611
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$6,264
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $201,909
14.1%
Assets/Debt
Total Assets $6,767,870
Total Liabilities $2,160,445
Net Assets $4,607,425
Club or Co-Op Income
Income From Members $1,642,147
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Glen Guidry (Board Member) $0 $0 $0
Larry Soileau (Board Member) $0 $0 $0
Bob Bixenman (Board Member) $0 $0 $0
Sinda Soileau (President) $0 $0 $0
Lisa Noel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,551,461
Expenses
$1,461,627
Net Income
$89,834
Net Assets
$3,358,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,548,568
99.8%
Investment Income $3,940
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,047
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $227,791
15.6%
Assets/Debt
Total Assets $5,651,804
Total Liabilities $2,293,215
Net Assets $3,358,589
Club or Co-Op Income
Income From Members $1,548,568
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Glen Guidry (Board Member) $0 $0 $0
Larry Soileau (Board Member) $0 $0 $0
Bob Bixenman (Board Member) $0 $0 $0
Sinda Soileau (President) $0 $0 $0
Lisa Noel (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,657,498
Expenses
$1,439,681
Net Income
$217,817
Net Assets
$3,519,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $38,277
2.3%
Program Services $1,617,615
97.6%
Investment Income $1,671
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$65
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $234,591
16.3%
Assets/Debt
Total Assets $5,674,828
Total Liabilities $2,154,926
Net Assets $3,519,902
Club or Co-Op Income
Income From Members $1,617,615
Income From Other Sources $38,277
Compensation
Key Employees and Officers Compensation Related Other
Glen Guidry (Board Member) $0 $0 $0
Larry Soileau (Board Member) $0 $0 $0
Betty Guillory (Board Member) $0 $0 $0
Lisa Noel (Board Member) $0 $0 $0
Sinda Soileau (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,707,591
Expenses
$1,407,778
Net Income
$299,813
Net Assets
$3,321,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,277
1.2%
Program Services $1,689,007
98.9%
Investment Income $1,591
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,284
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $231,203
16.4%
Assets/Debt
Total Assets $5,665,912
Total Liabilities $2,344,472
Net Assets $3,321,440
Club or Co-Op Income
Income From Members $1,689,007
Income From Other Sources $20,277
Compensation
Key Employees and Officers Compensation Related Other
Larry Soileau (Board Member) $0 $0 $0
Betty Guillory (Board Member) $0 $0 $0
Linda Desromeaux (Board Member) $0 $0 $0
Sinda Soileau (President) $0 $0 $0
Gertrude Boudreaux (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,556,289
Expenses
$1,394,926
Net Income
$161,363
Net Assets
$3,081,796
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,556,852
> 100%
Investment Income $977
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,540
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $196,072
14.1%
Assets/Debt
Total Assets $5,639,716
Total Liabilities $2,557,920
Net Assets $3,081,796
Club or Co-Op Income
Income From Members $1,556,852
Income From Other Sources $1,000

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,478,891
Expenses
$1,228,377
Net Income
$250,514
Net Assets
$2,887,311
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,478,010
99.9%
Investment Income $881
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $182,847
14.9%
Assets/Debt
Total Assets $5,626,508
Total Liabilities $2,739,197
Net Assets $2,887,311
Club or Co-Op Income
Income From Members $1,478,010
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Sinda Soileau (Board Member) $0 $0 $0
Betty Guillory (Board Member) $0 $0 $0
Linda Desromeaux (Board Member) $0 $0 $0
Scott Foster (President) $0 $0 $0
Gertrude Boudreaux (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,364,361
Expenses
$1,186,729
Net Income
$177,632
Net Assets
$2,077,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,363,575
99.9%
Investment Income $786
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $178,256
15.0%
Assets/Debt
Total Assets $4,909,841
Total Liabilities $2,832,775
Net Assets $2,077,066
Club or Co-Op Income
Income From Members $1,363,575
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Scott Foster (President) $0 $0 $0
Gertrude Boudreaux (Vice President) $0 $0 $0
Sinda Soileau (Board Member) $0 $0 $0
Betty Guillory (Board Member) $0 $0 $0
Linda Desromeaux (Board Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,286,978
Expenses
$1,136,674
Net Income
$150,304
Net Assets
$1,766,332
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,286,641
100.0%
Investment Income $337
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $165,291
14.5%
Assets/Debt
Total Assets $4,687,405
Total Liabilities $2,921,073
Net Assets $1,766,332
Club or Co-Op Income
Income From Members $1,286,641
Income From Other Sources $0

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,332,739
Expenses
$1,153,388
Net Income
$179,351
Net Assets
$1,580,526
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,332,337
100.0%
Investment Income $402
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $157,448
13.7%
Assets/Debt
Total Assets $4,554,890
Total Liabilities $2,974,364
Net Assets $1,580,526
Club or Co-Op Income
Income From Members $1,332,337
Income From Other Sources $0

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,021,036
Expenses
$1,139,831
Net Income
$881,205
Net Assets
$1,253,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $829,036
41.0%
Program Services $1,191,320
58.9%
Investment Income $680
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $159,346
14.0%
Assets/Debt
Total Assets $4,277,942
Total Liabilities $3,024,268
Net Assets $1,253,674
Club or Co-Op Income
Income From Members $1,191,320
Income From Other Sources $829,036

Document Links

Fiscal Year Ending June
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 June
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 June
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

Fiscal Year Ending June
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

Fiscal Year Ending June
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

Fiscal Year Ending June
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

Fiscal Year Ending June
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

Fiscal Year Ending June
2003

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 June
2002

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 June
2001

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

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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