Creedmoor-Maha Water Supply Co-Op Inc
- Assets
- $29.1m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Buda, TX
- Founding
- 12/1999
- Data as of
- 10/2023
- EIN
- 74-1892636
Organization Overview
Creedmoor-Maha Water Supply Co-Op Inc is located in Buda, TX. The organization was established in 1999. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 10/2023, Creedmoor-Maha Water Supply Co-Op Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creedmoor-Maha Water Supply Co-Op Inc 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, Creedmoor-Maha Water Supply Co-Op Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $5.4m during the year ending 10/2023. While expenses have increased by 14.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPLY POTABLE WATER TO RESIDENTS AND BUSINESSES IN CERTAIN RURAL AREAS IN TEXAS NOT CURRENTLY SERVICED BY MUNICIPAL OR OTHER SOURCES OF FRESH POTABLE WATER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLY FRESH POTABLE WATER TO THE ORGANIZATION'S MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bobby Burklund Director | Trustee | $0 | |
Earl Burklund Director | Trustee | $0 | |
Donald Dailey Director | Trustee | $0 | |
Yvonne Gil-Vallejo Director | Trustee | $0 | |
Ben Gray Director | Trustee | $0 | |
Darrell Walenta Director | Trustee | $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 | $5,887,994 |
| Investment income | $457,968 |
| 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 | $6,348,642 |
| 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 | $468,999 |
| Pension plan accruals and contributions | $10,770 |
| Other employee benefits | $80,565 |
| Payroll taxes | $147,927 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,022,765 |
| Advertising and promotion | $1,403 |
| Office expenses | $317,067 |
| 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 | $0 |
| Interest | $419,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377,605 |
| Insurance | $45,268 |
| All other expenses | $0 |
| Total functional expenses | $5,401,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,604,014 |
| Savings and temporary cash investments | $106,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $566,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $42,639 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35,541 |
| Net Land, buildings, and equipment | $8,553,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,734 |
| Other assets | $1,142,123 |
| Total assets | $29,099,202 |
| Accounts payable and accrued expenses | $911,741 |
| Grants payable | $0 |
| Deferred revenue | $19,974 |
| 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 | $9,758,508 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,368,801 |
| Total liabilities | $18,059,024 |
| Net assets without donor restrictions | $10,742,968 |
| Net assets with donor restrictions | $297,210 |
| 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 | $29,099,202 |