Leroy-Tours-Gerald Water Supply Inc
- Assets
- $1.5m
- Revenue
- $498.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Leroy, TX
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 74-1485848
Organization Overview
Leroy-Tours-Gerald Water Supply Inc is located in Leroy, TX. The organization was established in 1991. 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 12/2021, Leroy-Tours-Gerald Water Supply Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leroy-Tours-Gerald Water Supply Inc 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, Leroy-Tours-Gerald Water Supply Inc generated $498.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $494.9k during the year ending 12/2021. While expenses have increased by 6.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION PROVIDES A SUPPLY OF WATER TO ITS MEMBERS IN THE LEROY, TOURS, AND GERALD COMMUNITIES AND SURROUNDING RURAL AREAS IN MCLENNAN COUNTY, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXTRACTION, DISTRIBUTION, AND SALE OF WATER TO APPROXIMATELY 600
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Simcik President | Officer | 3 | $0 |
D Debbendener Sec-Treas. | Officer | 2 | $0 |
R Polansky Vice President | Officer | 1 | $0 |
Lyn Middleeton Director | Trustee | 1 | $0 |
Carol Baker Director | Trustee | 1 | $0 |
Kurtis Gerath 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 | $496,189 |
| Investment income | $2,595 |
| 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 | $498,784 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,356 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,461 |
| Fees for services: Accounting | $3,050 |
| 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 | $10,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $250 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $518 |
| Interest | $14,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,116 |
| Insurance | $17,081 |
| All other expenses | $165,097 |
| Total functional expenses | $494,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $472,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,416 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $944,495 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,500 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,472,035 |
| Accounts payable and accrued expenses | $17,192 |
| 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 | $276,494 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $293,686 |
| Net assets without donor restrictions | $1,178,349 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,472,035 |
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