North Milam Water Supply Corp is located in Cameron, TX. The organization was established in 1980. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Milam Water Supply Corp 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 12/2022, North Milam Water Supply Corp generated $623.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $684.8k during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 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
TO PROVIDE TREATED WELL WATER TO ABOUT 605 RURAL MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE POTABLE WATER TO ABOUT 605 RURAL MEMBERS.
TO PROVIDE POTABLE WATER TO ABOUT 605 RURAL MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Linda Acosta Secretary | OfficerTrustee | 1 | $0 |
Michael Marek President | OfficerTrustee | 1 | $0 |
Carroll W Boecker Vice Preside | OfficerTrustee | 1 | $0 |
Larry Reinders Board Member | Trustee | 1 | $0 |
Mike Locklear Board Member | Trustee | 1 | $0 |
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 | $613,833 |
Investment income | $3,888 |
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 | $623,585 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $106,193 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,760 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $5,372 |
Advertising and promotion | $0 |
Office expenses | $20,990 |
Information technology | $0 |
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 | $367 |
Interest | $65,123 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $202,724 |
Insurance | $13,412 |
All other expenses | $0 |
Total functional expenses | $684,836 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $409,671 |
Savings and temporary cash investments | $784,840 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $42,090 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $8,950 |
Net Land, buildings, and equipment | $3,239,771 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $75 |
Total assets | $4,485,397 |
Accounts payable and accrued expenses | $32,425 |
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 | $1,718,928 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $11,698 |
Total liabilities | $1,763,051 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $89,210 |
Paid-in or capital surplus, or land, building, or equipment fund | $2,140,289 |
Retained earnings, endowment, accumulated income, or other funds | $492,847 |
Total liabilities and net assets/fund balances | $4,485,397 |
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