Bethesda Water Supply Corporation

Organization Overview

Bethesda Water Supply Corporation is located in Burleson, TX. The organization was established in 1966. 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 12/2021, Bethesda Water Supply Corporation employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda 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, Bethesda Water Supply Corporation generated $9.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $8.2m during the year ending 12/2021. While expenses have increased by 1.3% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE A POTABLE WATER SUPPLY TO OVER 10,100 MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED POTABLE WATER TO MEMBERS OF THE CORPORATION.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Sievers
General Manager
$129,826
Melvin Ables
Director-President
$0
Charles Clark
Director - Sec/treas
$0
Harold Moore
Director-Vice President
$0
Grady Lewis
Director - Sec/treas
$0
Frank Young
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Circle C Construction
Construction/repairs
$624,768
Texas Water Products Inc
Construction/repairs
$524,226
View All Vendors

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$9,497,143
Investment income $32,350
Tax Exempt Bond Proceeds $0
Royalties $14,644
Net Rental Income $84,698
Net Gain/Loss on Asset Sales $15,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,659,977

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