Chester Water Supply Corporation
- Assets
- $334.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chester, TX
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 74-1658445
Organization Overview
Chester Water Supply Corporation is located in Chester, TX. The organization was established in 1972. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chester 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 12/2022, Chester Water Supply Corporation generated $150.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $224.9k during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED WATER SERVICE TO APPROXIMATELY 450 MEMBERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Watts President | 1 | $0 | |
Bronson Grimes Director | 1 | $0 | |
Ray Mcknight Director | 1 | $0 | |
Duane Jordan Director | 1 | $0 | |
Royce Standley Vp/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $150,088 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,088 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,096 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $143,781 |
| Total expenses | $224,877 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,743 |
| Other assets | $0 |
| Total assets | $334,123 |
| Total liabilities | $7,319 |
| Net assets or fund balances | $326,804 |