Falls Water Supply Corporation
- Assets
- $156.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pipe Creek, TX
- Founding
- 04/2007
- Data as of
- 12/2022
- 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 12/2022, Falls Water Supply Corporation generated $65.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $55.7k during the year ending 12/2022. While expenses have increased by 7.2% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
DELIVERING SAFE WATER TO HOMEOWNERS AND MAINTAINING WELLS AND DISTRIBUTION SYSTEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 | $15,881 |
| Total Program Service Revenue | $0 |
| Membership dues | $49,466 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,370 |
| 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 | $13,392 |
| Occupancy, rent, utilities, and maintenance | $33,058 |
| Printing, publications, postage, and shipping | $248 |
| Other expenses | $9,009 |
| Total expenses | $55,707 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $100,268 |
| Other assets | $0 |
| Total assets | $156,028 |
| Total liabilities | $52,398 |
| Net assets or fund balances | $103,630 |