Military Highway Water Supply Corporation
- Assets
- $74.7m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 73
- Location
- Progreso, TX
- Founding
- 06/1974
- Data as of
- 12/2021
- EIN
- 74-1786626
Organization Overview
Military Highway Water Supply Corporation is located in Progreso, TX. The organization was established in 1974. 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 12/2021, Military Highway Water Supply Corporation employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Military Highway 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 12/2021, Military Highway Water Supply Corporation generated $13.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE TO FURNISH A WATER SUPPLY AND SEWER SERVICE FOR INDIVIDUALS, TOWNS, AND CORPORATIONS IN THE RURAL AREAS OF CAMERON AND HIDALGO COUNTIES, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST OF PROVIDING WATER DELIVERY AND SEWER SERVICES TO INDIVIDUALS COMMUNITIES AND BUSINESSES IN THE RURAL AREAS OF CAMERON AND HIDALGO COUNTIES OF SOUTH TEXAS.
GENERAL ADMINISTRATION EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramon Rosales Jr General Manager | 40 | $106,701 | |
Consuelo DE La Rosa General Manager | 40 | $64,226 | |
Juan J Ramos President | OfficerTrustee | 0 | $0 |
Norma Vento Board Member | OfficerTrustee | 0 | $0 |
Albert Garza III Board Member | OfficerTrustee | 0 | $0 |
Jose Juan Lara Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fulcrum Consulting Services Consulting | 12/30/21 | $78,160 |
Pega Jps Utilities Llc Construction | 12/30/21 | $168,906 |
Valley Solvents & Chemicals Chemical Sales | 12/30/21 | $184,465 |
Saenz Utility Contractors Construction | 12/30/21 | $100,865 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $26,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,815,251 |
| Noncash contributions included in lines 1a–1f | $1,360,521 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,841,651 |
| Total Program Service Revenue | $11,105,280 |
| Investment income | $2,703 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,152 |
| 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 | $12,992,786 |
| 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. | $170,927 |
| Compensation of current officers, directors, key employees. | $42,732 |
| Compensation to disqualified persons | $2,487,493 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $89,461 |
| Other employee benefits | $760,799 |
| Payroll taxes | $211,730 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,909 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,315 |
| Advertising and promotion | $7,162 |
| Office expenses | $303,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,059 |
| Travel | $12,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $577,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,414,672 |
| Insurance | $387,220 |
| All other expenses | $405,512 |
| Total functional expenses | $10,690,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,225,391 |
| Savings and temporary cash investments | $1,618,384 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,257,042 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $80,918 |
| Prepaid expenses and deferred charges | $69,389 |
| Net Land, buildings, and equipment | $70,413,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,147 |
| Total assets | $74,721,463 |
| Accounts payable and accrued expenses | $446,027 |
| 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 | $21,596,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,000,156 |
| Total liabilities | $29,043,169 |
| Net assets without donor restrictions | $42,431,261 |
| Net assets with donor restrictions | $3,247,033 |
| 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 | $74,721,463 |
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