Moffat Water Supply Corporation

Organization Overview

Moffat Water Supply Corporation is located in Temple, TX. The organization was established in 1978. 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, Moffat Water Supply Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moffat 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, Moffat Water Supply Corporation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.7m during the year ending 09/2022. While expenses have increased by 5.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE POTABLE WATER UTILITY SERVICE TO ABOUT 1,685 RURAL MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE A DISTRIBUTION SYSTEM TO SUPPLY TREATED FRESH WATER TO ABOUT 1,685 RURAL MEMBERS.


PROVIDE A DISTRIBUTION SYSTEM TO SUPPLY TREATED FRESH WATER TO ABOUT 1,685 RURAL MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Russel Coufal
Vice Preside
$0
Lafonda Wilsey
President
$0
Margaret Young
Secretary/tr
$0
Jeff Haugh
Director
$0
Thomas Dewitt Mayfield
Director
$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$2,139,452
Investment income $20,653
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,550
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,167,599

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