Westphalia Water Supply Corporation
- Assets
- $92.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lott, TX
- Founding
- 07/1964
- Data as of
- 12/2021
- EIN
- 74-6053710
Organization Overview
Westphalia Water Supply Corporation is located in Lott, TX. The organization was established in 1964. 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. Westphalia 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, Westphalia Water Supply Corporation generated $80.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $76.3k during the year ending 12/2021. While expenses have increased by 4.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TOTAL PROGRAM SERVICE EXPENDITURES TO PROVIDE WATER SERVICE TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry J Frei Sec-Treas | 0 | $0 | |
Joe Daniel President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $80,230 |
| Investment income | $85 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,315 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,487 |
| Professional fees and other payments to independent contractors | $525 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,657 |
| Other expenses | $63,638 |
| Total expenses | $76,307 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,357 |
| Other assets | $0 |
| Total assets | $92,241 |
| Total liabilities | $150 |
| Net assets or fund balances | $92,091 |
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|---|---|---|
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Oklahoma Association Of Electric Cooperatives Inc Oklahoma City, OK | $7,878,681 | $6,331,972 |
Springs Hill Water Supply Corporation Seguin, TX | $37,314,474 | $9,616,951 |
Central Texas Water Supply Corporation Harker Heights, TX | $32,847,365 | $5,593,404 |
Northern Rio Arriba Electric Cooperative Inc Chama, NM | $21,086,922 | $4,952,359 |