Community Water Supply Corporation
- Assets
- $3.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Azle, TX
- Founding
- 04/1966
- Data as of
- 12/2022
- EIN
- 75-1215605
Organization Overview
Community Water Supply Corporation is located in Azle, 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 12/2022, Community Water Supply Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 12/2022, Community Water Supply Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SELL WATER TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY WATER SUPPLY CORPORATION SUPPLIES WATER FOR THE MEMBERS OF THE COOPERATIVE CORPORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Garrett Director | Trustee | $0 | |
Hogye Hogle Sec/treas | OfficerTrustee | $0 | |
William Rachel VP | OfficerTrustee | $0 | |
J David Schaub Directort | Trustee | $0 | |
Larry Vantrease President | OfficerTrustee | $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 | $1,082,962 |
| Investment income | $771 |
| 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 | $1,083,733 |
| 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 | $265,985 |
| Pension plan accruals and contributions | $2,584 |
| Other employee benefits | $67,334 |
| Payroll taxes | $20,766 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,565 |
| Travel | $17,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,270 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,931 |
| Insurance | $0 |
| All other expenses | $48,793 |
| Total functional expenses | $1,142,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,375 |
| Savings and temporary cash investments | $1,190,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,983 |
| 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 | $15,953 |
| Net Land, buildings, and equipment | $2,455,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $138,706 |
| Other assets | $0 |
| Total assets | $3,855,992 |
| Accounts payable and accrued expenses | $37,979 |
| 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 | $826,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,886 |
| Total liabilities | $870,267 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,064,487 |
| Paid-in or capital surplus, or land, building, or equipment fund | $48,424 |
| Retained earnings, endowment, accumulated income, or other funds | $872,814 |
| Total liabilities and net assets/fund balances | $3,855,992 |