Sharyland Water Supply Corporation
- Assets
- $127.6m
- Revenue
- $26.1m
- Investments
- $0.0
- Employees
- 81
- Location
- Alton, TX
- Founding
- 05/1970
- Data as of
- 12/2023
- EIN
- 74-1620231
Organization Overview
Sharyland Water Supply Corporation is located in Alton, TX. The organization was established in 1970. 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, Sharyland Water Supply Corporation employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sharyland 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 12/2023, Sharyland Water Supply Corporation generated $26.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $13.4m during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 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
PROVIDING POTABLE WATER TO RURAL AREAS OF HIDALGO COUNTY, TEXAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING POTABLE WATER 365 DAYS A YEAR TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Helle President | Trustee | 3 | $0 |
Mark Moseley Director | Trustee | 3 | $0 |
Mark D Sosebee Secretary-Treasurer | Trustee | 3 | $0 |
Mario Reyna Director | Trustee | 3 | $0 |
Isidro Quintero Director | Trustee | 3 | $0 |
Andrew Smith Vice President | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Corida Construction Llc Construction Services | 12/30/23 | $1,393,940 |
Sdi Engineering Consulting | 12/30/23 | $259,755 |
Garver Llc Consulting | 12/30/23 | $187,800 |
Jmj Constructors Llc Construction Services | 12/30/23 | $600,569 |
Saenz Utility Contractors Llc Construction Services | 12/30/23 | $163,890 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $932,247 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,433,027 |
| 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 | $2,365,274 |
| Total Program Service Revenue | $22,372,787 |
| Investment income | $531,196 |
| 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 | $26,139,147 |
| 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. | $161,336 |
| Compensation of current officers, directors, key employees. | $161,336 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,751,769 |
| Pension plan accruals and contributions | $160,503 |
| Other employee benefits | $495,111 |
| Payroll taxes | $230,826 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,067 |
| Fees for services: Accounting | $70,200 |
| Fees for services: Lobbying | $42,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $342,774 |
| Information technology | $163,399 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,177 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $393,479 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,409,380 |
| Insurance | $306,027 |
| All other expenses | $1,254,507 |
| Total functional expenses | $13,441,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,457,714 |
| Savings and temporary cash investments | $7,355,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,946,972 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $661,586 |
| Prepaid expenses and deferred charges | $58,927 |
| Net Land, buildings, and equipment | $74,671,184 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,251,291 |
| Intangible assets | $320,024 |
| Other assets | $25,910,394 |
| Total assets | $127,633,590 |
| Accounts payable and accrued expenses | $3,220,536 |
| Grants payable | $0 |
| Deferred revenue | $2,922,673 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $400,238 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,591,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,134,560 |
| Net assets without donor restrictions | $105,499,030 |
| 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 | $127,633,590 |