North Alamo Water Supply Corporation
- Assets
- $215.4m
- Revenue
- $30.9m
- Investments
- $700.9k
- Employees
- 168
- Location
- Edinburg, TX
- Founding
- 03/1968
- Data as of
- 12/2021
- EIN
- 74-1595319
Organization Overview
North Alamo Water Supply Corporation is located in Edinburg, TX. The organization was established in 1968. 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, North Alamo Water Supply Corporation employed 168 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Alamo 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, North Alamo Water Supply Corporation generated $30.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $24.9m during the year ending 12/2021. While expenses have increased by 5.5% 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
TO PROVIDE POTABLE WATER AND WASTEWATER UTILITIES TO RURAL RESIDENTS IN THE RIO GRANDE VALLEY OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING POTABLE WATER 365 DAYS A YEAR FOR MEMBERS.
PROVIDING WASTEWATER UTILITIES 365 DAYS A YEAR FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Sanchez General Manager | Officer | 40 | $171,347 |
Roberto Rodriguez Assistant General Manager | 40 | $117,191 | |
San Juanita Sandoval Controller | 40 | $117,172 | |
Robyn Rodriguez Director Of Human Resources | 40 | $102,572 | |
Steve D Krenek President | Trustee | 1 | $5,100 |
Thomas Jendrusch Vice-President | Trustee | 1 | $5,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Saenz Brothers Construction Llc Construction | 12/30/21 | $2,380,632 |
The 5125 Company Construction | 12/30/21 | $2,319,305 |
Melden & Hunt Inc Engineering Services | 12/30/21 | $742,118 |
Rp Constructors Inc Construction | 12/30/21 | $505,483 |
Systems Controls & Instrumentation Construction | 12/30/21 | $545,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $825,055 |
| 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 | $825,055 |
| Total Program Service Revenue | $24,497,989 |
| Investment income | $50,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,229 |
| Net Gain/Loss on Asset Sales | $3,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,888,797 |
| 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. | $600,606 |
| Compensation of current officers, directors, key employees. | $311,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,978,014 |
| Pension plan accruals and contributions | $208,372 |
| Other employee benefits | $1,022,525 |
| Payroll taxes | $404,018 |
| Fees for services: Management | $41,160 |
| Fees for services: Legal | $115,167 |
| Fees for services: Accounting | $45,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,769 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $659,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,809,609 |
| Insurance | $360,856 |
| All other expenses | $2,422,043 |
| Total functional expenses | $24,916,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,788 |
| Savings and temporary cash investments | $42,013,122 |
| Pledges and grants receivable | $61,111 |
| Accounts receivable, net | $2,292,335 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $700,045 |
| Prepaid expenses and deferred charges | $131,780 |
| Net Land, buildings, and equipment | $147,648,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $700,944 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,621,247 |
| Total assets | $215,406,665 |
| Accounts payable and accrued expenses | $2,821,796 |
| Grants payable | $0 |
| Deferred revenue | $2,996,406 |
| 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 | $35,793,035 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,852,745 |
| Total liabilities | $44,463,982 |
| Net assets without donor restrictions | $170,933,308 |
| Net assets with donor restrictions | $9,375 |
| 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 | $215,406,665 |
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