Kingsland Water Supply Corporation

Organization Overview

Kingsland Water Supply Corporation is located in Kingsland, 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. As of 09/2022, Kingsland Water Supply Corporation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsland 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 09/2022, Kingsland Water Supply Corporation generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $3.5m during the year ending 09/2022. While expenses have increased by 5.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

POTABLE WATER DISTRIBUTION

Describe the Organization's Program Activity:

Part 3 - Line 4a

TAXPAYER COLLECTS AND TREATS RAW WATER AND THEN DISTRIBUTES AND SELLS POTABLE WATER TO APPROXIMATELY 3,700 CUSTOMERS IN THE KINGSLAND TEXAS AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Leonard Leinfelder
General Mgr
$108,836
J Preston Mason
Sec/treas
$0
Vicki Moore
Vice-Preside
$0
Danny Stone
President
$0
Will Gilliam
Director
$0
Charles Miller
Director
$0

Financial Statements

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$0
Investment income $30,231
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,792
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3,418,641
Miscellaneous Revenue$0
Total Revenue $3,461,664

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