Thomas Bridge Water Corp

Organization Overview

Thomas Bridge Water Corp is located in Marion, VA. The organization was established in 1980. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Thomas Bridge Water Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Bridge Water Corp 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 12/2023, Thomas Bridge Water Corp generated $943.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $839.0k during the year ending 12/2023. While expenses have increased by 1.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ADEQUATE WATER TO THE CITIZENS OF THE THOMAS BRIDGE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THOMAS BRIDGE WATER CORPORATION PROVIDES WATER SERVICE TO APPROXIMATELY 1700 WATER CUSTOMERS WHICH WOULD NOT HAVE A CLEAN AND ADEQUATE WATER SUPPLY IF NOT FOR THE COMPANY.


THOMAS BRIDGE WATER CORPORATION PROVIDES WATER SERVICE TO APPROXIMATELY 1700 WATER CUSTOMERS WHICH WOULD NOT HAVE A CLEAN AND ADEQUATE WATER SUPPLY IF NOT FOR THE COMPANY.


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Board, Officers & Key Employees

Name (title)Compensation
Harry Dean
Director
$750
Jeff Spickard
Vice Preside
$750
Bobby Combs
Secretary/tr
$900
Francis J Copenhaver Jr
Administrato
$30,599
Michael Powers
Director
$900
Ellis Rouse
President
$900

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $38,326
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$38,326
Total Program Service Revenue$889,437
Investment income $4,539
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $943,698

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