Jarrell-Schwertner Water Supply Corporation
- Assets
- $20.9m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Jarrell, TX
- Founding
- 07/1973
- Data as of
- 10/2023
- EIN
- 74-1683449
Organization Overview
Jarrell-Schwertner Water Supply Corporation is located in Jarrell, TX. The organization was established in 1973. 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 10/2023, Jarrell-Schwertner Water Supply Corporation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jarrell-Schwertner 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 10/2023, Jarrell-Schwertner Water Supply Corporation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $3.0m during the year ending 10/2023. While expenses have increased by 10.1% per year over the past 6 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
PROVIDE WATER SERVICES FOR APPROXIMATELY 2,700 MEMBERS IN RURAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICES FOR APPROXIMATELY 2,700 MEMBERS IN RURAL AREA.
PROVIDE WATER SERVICES FOR MEMBERS IN RURAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Danek Director | Trustee | 1 | $0 |
Louis Danek Director | Trustee | 1 | $0 |
Aaron Dunnam Director | Trustee | 1 | $0 |
Mark Harbin President | OfficerTrustee | 1 | $0 |
Tom Madden Director | Trustee | 1 | $0 |
Pam Oakes Treasurer/se | OfficerTrustee | 1 | $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 | $3,501,202 |
| Investment income | $357,731 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,736 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,890,679 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,648 |
| Pension plan accruals and contributions | $9,091 |
| Other employee benefits | $74,944 |
| Payroll taxes | $47,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,934 |
| Fees for services: Accounting | $7,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,319 |
| Advertising and promotion | $0 |
| Office expenses | $70,041 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $87,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $181,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,951 |
| Insurance | $47,079 |
| All other expenses | $96,296 |
| Total functional expenses | $2,957,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,670 |
| Savings and temporary cash investments | $8,338,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $454,737 |
| Prepaid expenses and deferred charges | $649 |
| Net Land, buildings, and equipment | $11,461,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,668 |
| Total assets | $20,872,240 |
| Accounts payable and accrued expenses | $231,196 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,286,719 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,887 |
| Total liabilities | $4,630,802 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $620,506 |
| Paid-in or capital surplus, or land, building, or equipment fund | $9,702,346 |
| Retained earnings, endowment, accumulated income, or other funds | $5,918,586 |
| Total liabilities and net assets/fund balances | $20,872,240 |