High Prairie Water Supply Corp
- Assets
- $543.4k
- Revenue
- $479.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Madisonville, TX
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 74-2884381
Organization Overview
High Prairie Water Supply Corp is located in Madisonville, TX. The organization was established in 2001. 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 12/2023, High Prairie Water Supply Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. High Prairie 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 12/2023, High Prairie Water Supply Corp generated $479.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $401.9k during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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 PROVIDE UTILITY SERVICE TO RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED UTILITY SERVICE TO RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Richie President | OfficerTrustee | 0 | $0 |
David Pohorelsky Vice President | OfficerTrustee | 0 | $0 |
Terry Collins Director | Trustee | 0 | $0 |
Johan Osth Director | Trustee | 0 | $0 |
Melva Glover Secretary/treas | Officer | 0 | $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 | $479,285 |
| Investment income | $309 |
| 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 | $479,594 |
| 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 | $100,200 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,133 |
| Advertising and promotion | $60 |
| Office expenses | $5,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,590 |
| Insurance | $37,129 |
| All other expenses | $69,012 |
| Total functional expenses | $401,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,797 |
| Savings and temporary cash investments | $31,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,494 |
| 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 | $0 |
| Net Land, buildings, and equipment | $351,595 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,628 |
| Total assets | $543,400 |
| Accounts payable and accrued expenses | $2,676 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $696,618 |
| Total liabilities | $699,294 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $53,685 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$105,076 |
| Retained earnings, endowment, accumulated income, or other funds | -$104,503 |
| Total liabilities and net assets/fund balances | $543,400 |