Falls Water Supply Corporation
- Assets
- $106.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pipe Creek, TX
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 03-0429181
Organization Overview
Falls Water Supply Corporation is located in Pipe Creek, TX. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falls Water Supply Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Falls Water Supply Corporation generated $55.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $44.8k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DELIVERING SAFE WATER TO HOMEOWNERS AND MAINTAINING WELLS AND DISTRIBUTION SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Reeves President | 0 | $0 | |
Paul Ahrens Vice Preside | 0 | $0 | |
Arneda Reeves Secretary | 0 | $0 | |
Leslie Shashack Treasurer | 0 | $0 | |
Mike Johnston Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,683 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,684 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,607 |
| Occupancy, rent, utilities, and maintenance | $29,550 |
| Printing, publications, postage, and shipping | $131 |
| Other expenses | $3,489 |
| Total expenses | $44,777 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,157 |
| Other assets | $0 |
| Total assets | $106,911 |
| Total liabilities | $3,860 |
| Net assets or fund balances | $103,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Orangefield Water Supply Corporation Orangefield, TX | $25,738,476 | $3,318,279 |
Creedmoor-Maha Water Supply Co-Op Inc Buda, TX | $19,735,495 | $4,359,702 |
Blackland Water Supply Corp Fate, TX | $4,691,303 | $2,323,752 |
Elmo Water Supply Corporation Elmo, TX | $2,119,290 | $882,080 |
Brushy Creek Water Supply Corp Montalba, TX | $2,997,097 | $1,042,438 |
Better Waterworks Inc Swartz, LA | $3,539,567 | $485,708 |
Eastern Cass Water Supply Corporation Bivins, TX | $4,445,285 | $567,658 |
Usfon Inc Lockhart, TX | $1,205,491 | $731,967 |
Windmill Water Supply Corporation Uvalde, TX | $1,632,658 | $400,347 |
N-E-W Carroll Water Association Kilbourne, LA | $981,756 | $568,672 |
La Canada Wireless Association Santa Fe, NM | $233,647 | $492,979 |
Calhoun County Water Association Inc Hampton, AR | $2,469,333 | $278,006 |