Penelope Water Supply Corp
- Assets
- $56.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Penelope, TX
- Founding
- 02/1961
- Data as of
- 12/2021
- EIN
- 74-6062685
Organization Overview
Penelope Water Supply Corp is located in Penelope, TX. The organization was established in 1961. 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. Penelope 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 12/2021, Penelope Water Supply Corp generated $57.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $62.8k during the year ending 12/2021. While expenses have increased by 6.2% 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
PROVIDED A SUPPLY OF WATER TO APPROXIMATELY 100 MEMBER CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James L Russell Operator | 5 | $8,400 | |
Shirley Russell Bookkeeping | 4 | $4,800 | |
Marcaline Welch Vice-Pres | 1 | $0 | |
Monica Sinkule Director | 1 | $0 | |
Steve Wright President | 1 | $0 | |
Mary Ann Dvorak Sec-Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $57,718 |
| Membership dues | $0 |
| Investment income | $28 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,746 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $14,450 |
| Occupancy, rent, utilities, and maintenance | $28,735 |
| Printing, publications, postage, and shipping | $1,062 |
| Other expenses | $18,580 |
| Total expenses | $62,827 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,020 |
| Other assets | $0 |
| Total assets | $56,382 |
| Total liabilities | $1,201 |
| Net assets or fund balances | $55,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sierra Electric Cooperative Inc Elephant Butte, NM | $28,287,663 | $9,920,270 |
Kempner Water Supply Corporation Kempner, TX | $46,955,642 | $10,456,487 |
Manville Water Supply Corporation Coupland, TX | $109,988,444 | $18,573,259 |
Bethesda Water Supply Corporation Burleson, TX | $36,838,257 | $9,659,977 |
East Rio Hondo Water Supply Corporation Rio Hondo, TX | $63,118,538 | $9,151,947 |
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Sardis Lone Elm Water Supply Midlothian, TX | $34,981,504 | $8,597,033 |
Dona Ana Mutual Domestic Water Consumers Assn Dona Ana, NM | $63,609,549 | $7,177,936 |
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 |