Sardis Lone Elm Water Supply
- Assets
- $42.1m
- Revenue
- $12.8m
- Investments
- $1.1m
- Employees
- 29
- Location
- Midlothian, TX
- Founding
- 10/1971
- Data as of
- 12/2023
- EIN
- 75-1238008
Organization Overview
Sardis Lone Elm Water Supply is located in Midlothian, TX. The organization was established in 1971. 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 12/2023, Sardis Lone Elm Water Supply employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sardis Lone Elm Water Supply 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 12/2023, Sardis Lone Elm Water Supply generated $12.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $8.5m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION AND DELIVERY OF WATER TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER RESOURCES; PUMP AND DELIVER WATER TO THE MEMBERS; MAINTAIN ALL WELLS AND DELIVERY SYSTEM; MANAGE OVERALL SYSTEM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Tischler General Mgr | OfficerTrustee | 48 | $190,195 |
Bill Brandon President | OfficerTrustee | 1 | $0 |
William Getzendaner Jr Vice President | OfficerTrustee | 43 | $0 |
Dan Rayfield Director | OfficerTrustee | 1 | $0 |
Greg Losey Sec/tres | OfficerTrustee | 1 | $0 |
Jim Rook Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Circle H Contractors Utility Contractor | 12/30/15 | $129,578 |
Jl Myers Co Well Drilling & Main | 12/30/15 | $178,399 |
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 | $2,611,599 |
| Noncash contributions included in lines 1a–1f | $980,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,611,599 |
| Total Program Service Revenue | $9,965,148 |
| Investment income | $89,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $90,345 |
| 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 | $12,756,129 |
| 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. | $190,195 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,094,753 |
| Pension plan accruals and contributions | $22,792 |
| Other employee benefits | $310,605 |
| Payroll taxes | $118,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,600 |
| Fees for services: Accounting | $17,268 |
| 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 | $47,784 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,269 |
| Interest | $250,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,570,356 |
| Insurance | $92,170 |
| All other expenses | $24,771 |
| Total functional expenses | $8,503,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,688,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,336,393 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $187,626 |
| Prepaid expenses and deferred charges | $51,313 |
| Net Land, buildings, and equipment | $31,319,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,146,631 |
| Investments—program-related | $0 |
| Intangible assets | $2,706,187 |
| Other assets | $1,697,499 |
| Total assets | $42,133,025 |
| Accounts payable and accrued expenses | $625,064 |
| 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 | $3,970,891 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $543,471 |
| Total liabilities | $5,139,426 |
| Net assets without donor restrictions | $36,993,599 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $42,133,025 |