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 12/2021, Sharyland Water Supply Corporation employed 70 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 12/2021, Sharyland Water Supply Corporation generated $13.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $11.1m during the year ending 12/2021. While expenses have increased by 8.1% 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
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sherilyn Dahlberg General Manager | Officer | 40 | $133,121 |
Lisa Helle President | Trustee | 3 | $0 |
Isidro Quintero Director | Trustee | 3 | $0 |
Mark D Sosebee Secretary-Treasurer | Trustee | 3 | $0 |
Andrew Smith Director | Trustee | 3 | $0 |
Adolfo Navarro Vice President | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Municipal Services Llc Electrical/construction Services | 12/30/21 | $382,671 |
Sdi Engineering Consulting | 12/30/21 | $334,671 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $467,562 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $744 |
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 | $468,306 |
Total Program Service Revenue | $12,444,104 |
Investment income | $108,995 |
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 | $13,299,506 |
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. | $133,121 |
Compensation of current officers, directors, key employees. | $133,121 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,542,089 |
Pension plan accruals and contributions | $144,754 |
Other employee benefits | $435,765 |
Payroll taxes | $209,563 |
Fees for services: Management | $0 |
Fees for services: Legal | $71,070 |
Fees for services: Accounting | $41,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $216,088 |
Advertising and promotion | $0 |
Office expenses | $280,560 |
Information technology | $98,090 |
Royalties | $0 |
Occupancy | $0 |
Travel | $6,689 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $489,001 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,011,183 |
Insurance | $196,297 |
All other expenses | $913,523 |
Total functional expenses | $11,127,379 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,233,032 |
Savings and temporary cash investments | $1,090,237 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,155,784 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $452,712 |
Prepaid expenses and deferred charges | $296,021 |
Net Land, buildings, and equipment | $68,627,641 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $16,359,089 |
Intangible assets | $359,695 |
Other assets | $19,613,005 |
Total assets | $110,187,216 |
Accounts payable and accrued expenses | $1,122,302 |
Grants payable | $0 |
Deferred revenue | $4,171,812 |
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 | $18,104,740 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $23,799,092 |
Net assets without donor restrictions | $86,388,124 |
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 | $110,187,216 |
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