Wimberly Water Supply Corporation is located in Wimberley, TX. The organization was established in 1973. 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, Wimberly Water Supply Corporation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wimberly 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 12/2021, Wimberly Water Supply Corporation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.3% 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
FURNISH TREATED GROUND WATER TO ABOUT 1,800 RURAL MEMBERS AND VILLAGE RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF FUNISHING A POTABLE WATER SUPPLY FOR APPROX 1,800 PERSONS RESIDING IN THE COMMUNITY OF WIMBERLEY, TX AND SURROUNDING RURAL AREAS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steve Dunks Director | Trustee | 1 | $1,950 |
Martin Walker 1st Vice President (president In 03/2022) | OfficerTrustee | 1 | $1,800 |
Charles Roccaforte Director | Trustee | 1 | $1,800 |
Larry Catt 3rd Vice President | OfficerTrustee | 0.5 | $1,500 |
Matt Meeks 2nd Vice President | OfficerTrustee | 0.5 | $1,350 |
Gail Pigg Sec/treasurer | OfficerTrustee | 1 | $600 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tank Builders Inc New Eagle Standpoint #2/#1 Modifications | 12/30/21 | $772,968 |
Pendleton Excavation Llc Hills Edge/scudder Lane Construction | 12/30/21 | $330,480 |
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 | $1,243,192 |
Investment income | $8,982 |
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 | $1,252,174 |
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. | $13,950 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $440,826 |
Pension plan accruals and contributions | $34,220 |
Other employee benefits | $40,201 |
Payroll taxes | $26,977 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,155 |
Fees for services: Accounting | $7,600 |
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 | $18,016 |
Information technology | $5,008 |
Royalties | $0 |
Occupancy | $13,120 |
Travel | $16,216 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $404,011 |
Insurance | $40,192 |
All other expenses | $26,188 |
Total functional expenses | $1,245,392 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $247,868 |
Savings and temporary cash investments | $2,164,588 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $83,514 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $106,338 |
Prepaid expenses and deferred charges | $52,116 |
Net Land, buildings, and equipment | $6,202,745 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,857,169 |
Accounts payable and accrued expenses | $195,516 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $195,516 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $234,378 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $8,427,275 |
Total liabilities and net assets/fund balances | $8,857,169 |
Organization Name | Assets | Revenue |
---|---|---|
Aqua Water Supply Corporation Bastrop, TX | $136,381,619 | $28,670,097 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
City Corporation Russellville, AR | $192,508,552 | $18,660,828 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Texas Reliability Entity Inc Austin, TX | $5,509,609 | $14,208,096 |
Coleman County Electric Cooperative Inc Coleman, TX | $33,830,324 | $14,379,363 |
Fort Belknap Electric Cooperative Inc Olney, TX | $40,346,904 | $13,174,182 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
Ashley-Chicot Electric Cooperative Inc Hamburg, AR | $39,523,502 | $11,933,884 |
J-A-C Electric Cooperative Inc Henrietta, TX | $27,594,358 | $11,304,543 |
Sharyland Water Supply Corporation Alton, TX | $110,187,216 | $13,299,506 |
Farmers Electric Cooperative Corporation Newport, AR | $38,614,201 | $11,561,082 |