Jarrell-Schwertner Water Supply Corporation
- Assets
- $15.9m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Jarrell, TX
- Founding
- 07/1973
- Data as of
- 10/2022
- 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 10/2022, Jarrell-Schwertner Water Supply Corporation employed 9 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 10/2022, Jarrell-Schwertner Water Supply Corporation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $2.5m during the year ending 10/2022. While expenses have increased by 8.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER SERVICES FOR APPROXIMATELY 2,483 MEMBERS IN RURAL AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICES FOR APPROXIMATELY 2,483 MEMBERS IN RURAL AREA.
PROVIDE WATER SERVICES FOR MEMBERS IN RURAL AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Harbin President | OfficerTrustee | 1 | $0 |
John Valenta Vice Preside | OfficerTrustee | 1 | $0 |
Pam Oakes Treasurer/se | OfficerTrustee | 1 | $0 |
Louis Danek Director | Trustee | 1 | $0 |
Michael Dunnam Director | Trustee | 1 | $0 |
Ed Krause Director | Trustee | 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 | $3,254,816 |
| Investment income | $63,164 |
| 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 | $3,318,245 |
| 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 | $494,678 |
| Pension plan accruals and contributions | $7,497 |
| Other employee benefits | $73,325 |
| Payroll taxes | $40,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,987 |
| Fees for services: Accounting | $7,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,919 |
| Advertising and promotion | $0 |
| Office expenses | $57,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $142,267 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315,495 |
| Insurance | $35,970 |
| All other expenses | $47,526 |
| Total functional expenses | $2,528,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,588 |
| Savings and temporary cash investments | $6,057,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $330,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $521,509 |
| Prepaid expenses and deferred charges | $3,709 |
| Net Land, buildings, and equipment | $8,731,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $93,668 |
| Total assets | $15,880,067 |
| Accounts payable and accrued expenses | $189,374 |
| 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 | $4,417,283 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,285 |
| Total liabilities | $4,718,942 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $561,781 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,611,351 |
| Retained earnings, endowment, accumulated income, or other funds | $4,987,993 |
| Total liabilities and net assets/fund balances | $15,880,067 |
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|---|---|---|
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Coleman County Electric Cooperative Inc Coleman, TX | $33,830,324 | $14,379,363 |
Fort Belknap Electric Cooperative Inc Olney, TX | $40,346,904 | $13,174,182 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
Ashley-Chicot Electric Cooperative Inc Hamburg, AR | $39,523,502 | $11,933,884 |
J-A-C Electric Cooperative Inc Henrietta, TX | $27,594,358 | $11,304,543 |
Sharyland Water Supply Corporation Alton, TX | $110,187,216 | $13,299,506 |
Farmers Electric Cooperative Corporation Newport, AR | $38,614,201 | $11,561,082 |