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Filing year 2024

WEST CARTERET WATER CORPORATION

Newport, North Carolina·EIN 56-1432125·501(c)(12)
Total revenue
$6.9M
Total assets
$31.3M
Total expenses
$6.5M
Reported officers
11
Mission

WEST CARTERET WATER CORPORATION WAS ORGANIZED FOR THE PURPOSE OF PROVIDING TREATED WATER TO ITS 8,314 MEMBERS OF THE CORPORATION IN CERTAIN COMMUNITIES AND RURAL AREAS OF CARTERET COUNTY.

Executive compensation

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Executive Director
Median to 75th percentile
$142k
$150k
Employee
Highest Compensated Employee
10th to 25th percentile
$126k
$134k
President
Below 10th percentile
$2k
$2k
Secretary/treasurer
Officer (Unspecified)
$2k
$2k
Director
Board Member
Below 10th percentile
$1k
$1k
Director
Board Member
Below 10th percentile
$900
$955
Director
Board Member
Below 10th percentile
$800
$849
Director
Board Member
Below 10th percentile
$700
$742
Vice President
Below 10th percentile
$640
$679
Director
Board Member
Below 10th percentile
$600
$636
Director
Board Member
Below 10th percentile
$300
$318

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 10%
from 2023

From $128k in 2023 to $142k in 2024.

$128k
2023
$142k
2024
In today's dollarsEst.
Up 7% in real terms$140k to $150k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 10% from 2023 to 2024, while revenue rose 5%.

$128k in 2023 to $142k in 2024.
  • Highest Compensated Employee pay rose 5% from 2023 to 2024.
  • Board Member pay rose 70% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

WEST CARTERET WATER CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$6.6M
$5.9M
2023
$6.9M
$6.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about WEST CARTERET WATER CORPORATION

What does the Chief Executive Officer of WEST CARTERET WATER CORPORATION earn?

In 2024, the Chief Executive Officer of WEST CARTERET WATER CORPORATION received $141,866 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at WEST CARTERET WATER CORPORATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at WEST CARTERET WATER CORPORATION falls between the median and the 75th percentile.

What are WEST CARTERET WATER CORPORATION's revenue and expenses?

In 2024, WEST CARTERET WATER CORPORATION reported $6.9M in total revenue and $6.5M in total expenses on its IRS Form 990.

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