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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Harry Dean Director | OfficerTrustee | $750 | |
Jeff Spickard Vice Preside | OfficerTrustee | $750 | |
Bobby Combs Secretary/tr | OfficerTrustee | $900 | |
Francis J Copenhaver Jr Administrato | OfficerTrustee | 25 | $30,599 |
Michael Powers Director | OfficerTrustee | $900 | |
Ellis Rouse President | OfficerTrustee | $900 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $35,699 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $330,065 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $53,768 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $21,020 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $17,789 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $5,089 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $59,822 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $36,798 |
All other expenses | $23,491 |
Total functional expenses | $838,962 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $122,242 |
Savings and temporary cash investments | $407,341 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $100,465 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $55,881 |
Prepaid expenses and deferred charges | $169 |
Net Land, buildings, and equipment | $3,148,492 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,834,590 |
Accounts payable and accrued expenses | $121,443 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,503,932 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $36,636 |
Total liabilities | $1,662,011 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $1,441 |
Paid-in or capital surplus, or land, building, or equipment fund | $2,244,766 |
Retained earnings, endowment, accumulated income, or other funds | -$73,628 |
Total liabilities and net assets/fund balances | $3,834,590 |