Three Oaks Water Supply Corporation is located in Floresville, 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 09/2022, Three Oaks Water Supply Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Oaks 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, Three Oaks Water Supply Corporation generated $639.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $501.5k 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE POTABLE WATER TO RURAL AREA IN WILSON AND KARNES COUNTIES, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE POTABLE WATER TO RURAL RESIDENCE OF WILSON AND ATASCOSA COUNTIES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tyler Ortmann Manager | 40 | $62,625 | |
Kenneth Hosek Manager | 40 | $22,968 | |
Kevin Raabe President | Officer | 1 | $0 |
James Noll Vice President | Officer | 1 | $0 |
Jim Pruski Secretary/treas | Officer | 20 | $0 |
Richard Moczygemba Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $950 |
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 | $950 |
Total Program Service Revenue | $637,519 |
Investment income | $1,374 |
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 | $639,843 |
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. | $85,593 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $47,500 |
Pension plan accruals and contributions | $689 |
Other employee benefits | $15,600 |
Payroll taxes | $10,247 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,144 |
Fees for services: Accounting | $34,473 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $5,970 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,200 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $17,588 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $112,996 |
Insurance | $14,522 |
All other expenses | $17,755 |
Total functional expenses | $501,507 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,626 |
Savings and temporary cash investments | $651,668 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,928 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $40,566 |
Prepaid expenses and deferred charges | $15,483 |
Net Land, buildings, and equipment | $1,199,679 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $895,837 |
Total assets | $2,811,787 |
Accounts payable and accrued expenses | $17,674 |
Grants payable | $0 |
Deferred revenue | $25,381 |
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 | $649,831 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1 |
Total liabilities | $692,887 |
Net assets without donor restrictions | $2,118,900 |
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 | $2,811,787 |
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