Skylakes Water Supply Corporation
- Assets
- $603.2k
- Revenue
- $126.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Waller, TX
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 61-1547709
Organization Overview
Skylakes Water Supply Corporation is located in Waller, TX. The organization was established in 2008. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skylakes 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, Skylakes Water Supply Corporation generated $126.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $83.1k during the year ending 12/2022. While expenses have increased by 2.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER SUPPLY TO 175 HOMES TO MAINTAIN WATER PLANT METERS AND WATER SUPPLY LINES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SALES
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 |
|---|---|---|---|
Joan Robertson Director / Treasurer | Officer | 10 | $6,000 |
Chris Bartholomew Director/vp | Officer | 2 | $0 |
Peter Lammers Director / President | Officer | $0 | |
Carole Nemec Director / Secretary | Officer | 1 | $0 |
Jon Sherar Director | Trustee | $0 | |
Ken Kopech Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $125,236 |
| Investment income | $155 |
| 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 | $126,493 |
| 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. | $6,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,174 |
| 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 | $3,281 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,001 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,651 |
| Insurance | $938 |
| All other expenses | $428 |
| Total functional expenses | $83,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,299 |
| Savings and temporary cash investments | $6,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,488 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $467,214 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,173 |
| Accounts payable and accrued expenses | -$60 |
| 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 | $13,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $13,664 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $589,509 |
| Total liabilities and net assets/fund balances | $603,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sierra Electric Cooperative Inc Elephant Butte, NM | $28,287,663 | $9,920,270 |
Kempner Water Supply Corporation Kempner, TX | $46,955,642 | $10,456,487 |
Manville Water Supply Corporation Coupland, TX | $109,988,444 | $18,573,259 |
Bethesda Water Supply Corporation Burleson, TX | $36,838,257 | $9,659,977 |
East Rio Hondo Water Supply Corporation Rio Hondo, TX | $63,118,538 | $9,151,947 |
Agc Of Texas Highway Heavy Utilities & Industrial Branch Austin, TX | $17,850,267 | $8,346,653 |
Sardis Lone Elm Water Supply Midlothian, TX | $34,981,504 | $8,597,033 |
Dona Ana Mutual Domestic Water Consumers Assn Dona Ana, NM | $63,609,549 | $7,177,936 |
Oklahoma Association Of Electric Cooperatives Inc Oklahoma City, OK | $7,878,681 | $6,331,972 |
Springs Hill Water Supply Corporation Seguin, TX | $37,314,474 | $9,616,951 |
Central Texas Water Supply Corporation Harker Heights, TX | $32,847,365 | $5,593,404 |
Northern Rio Arriba Electric Cooperative Inc Chama, NM | $21,086,922 | $4,952,359 |