Maydelle Water Supply Corporation
- Assets
- $291.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Maydelle, TX
- Founding
- 01/2003
- Data as of
- 12/2021
- EIN
- 75-1177846
Organization Overview
Maydelle Water Supply Corporation is located in Maydelle, TX. The organization was established in 2003. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maydelle 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, Maydelle Water Supply Corporation generated $150.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $141.5k during the year ending 12/2021. While expenses have increased by 1.8% 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 POTABLE DRINKING WATER TO THE RURAL COMMUNITYOF MAYDELLE TX
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Stine President | 0 | $0 | |
James C Collins Sec/treasurer | 5 | $0 | |
Carl Daniels Vice President | 0 | $0 | |
David Henley Vice President | 0 | $0 | |
Jason Clark Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $150,929 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,941 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,320 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $975 |
| Other expenses | $105,254 |
| Total expenses | $141,549 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $81,291 |
| Other assets | $0 |
| Total assets | $291,763 |
| Total liabilities | $969 |
| Net assets or fund balances | $290,794 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brazos Sandy Creek Electric Cooperative Inc Houston, TX | $476,133,566 | $90,167,263 |
Heart Of Texas Electric Cooperative Inc Mcgregor, TX | $108,808,693 | $50,473,996 |
Orangefield Water Supply Corporation Orangefield, TX | $25,738,476 | $3,318,279 |
Creedmoor-Maha Water Supply Co-Op Inc Buda, TX | $19,735,495 | $4,359,702 |
Blackland Water Supply Corp Fate, TX | $4,691,303 | $2,323,752 |
Elmo Water Supply Corporation Elmo, TX | $2,119,290 | $882,080 |
Brushy Creek Water Supply Corp Montalba, TX | $2,997,097 | $1,042,438 |
Better Waterworks Inc Swartz, LA | $3,539,567 | $485,708 |
Eastern Cass Water Supply Corporation Bivins, TX | $4,445,285 | $567,658 |
Usfon Inc Lockhart, TX | $1,205,491 | $731,967 |
Windmill Water Supply Corporation Uvalde, TX | $1,632,658 | $400,347 |
N-E-W Carroll Water Association Kilbourne, LA | $981,756 | $568,672 |