Manville Water Supply Corporation
- Assets
- $179.7m
- Revenue
- $60.7m
- Investments
- $0.0
- Employees
- 38
- Location
- Coupland, TX
- Founding
- 11/1977
- Data as of
- 12/2023
- EIN
- 74-1675191
Organization Overview
Manville Water Supply Corporation is located in Coupland, TX. The organization was established in 1977. 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, Manville Water Supply Corporation employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manville 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, Manville Water Supply Corporation generated $60.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $10.8m during the year ending 12/2023. While expenses have increased by 6.0% 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
FURNISHING WATER TO RURAL RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SUPPLY FOR RURAL RESIDENTS
WATER SUPPLY FOR RURAL RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Atterstrom President | OfficerTrustee | 3 | $3,000 |
Samuel W Jones Director | OfficerTrustee | 3 | $2,850 |
George Tolleson Vice Preside | OfficerTrustee | 3 | $2,700 |
Joe Coffey Director | OfficerTrustee | 3 | $2,100 |
Larry W Hodde Secretary | OfficerTrustee | 3 | $1,800 |
Larry Bradley Director | OfficerTrustee | 3 | $1,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Advanced Water Well Technologies L | 12/30/23 | $485,599 |
Anthony Retzlaff Dba Ankr Const Ll | 12/30/23 | $746,283 |
Terry Black Construction Construction | 12/30/23 | $1,305,121 |
Nelson Lewis Inc | 12/30/23 | $853,479 |
Tte Llc | 12/30/23 | $609,713 |
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 | $46,730,426 |
| Investment income | $1,512,174 |
| 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 | $11,841,341 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $60,669,159 |
| 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. | $16,800 |
| Compensation of current officers, directors, key employees. | $16,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,512,283 |
| Pension plan accruals and contributions | $108,242 |
| Other employee benefits | $215,292 |
| Payroll taxes | $188,574 |
| Fees for services: Management | $1,509 |
| Fees for services: Legal | $95,493 |
| Fees for services: Accounting | $24,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $783,887 |
| Advertising and promotion | $37,420 |
| Office expenses | $169,466 |
| Information technology | $229,822 |
| 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 | $18,078 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,833,488 |
| Insurance | $168,797 |
| All other expenses | $163,303 |
| Total functional expenses | $10,780,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,290,190 |
| Savings and temporary cash investments | $75,478,860 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,317,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $331,705 |
| Prepaid expenses and deferred charges | $299,211 |
| Net Land, buildings, and equipment | $95,929,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,852 |
| Total assets | $179,651,801 |
| Accounts payable and accrued expenses | $4,327,153 |
| Grants payable | $0 |
| Deferred revenue | $57,648 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,000 |
| Total liabilities | $4,414,801 |
| Net assets without donor restrictions | $175,237,000 |
| 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 | $179,651,801 |