Sardis Lone Elm Water Supply

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 12/2021, Sardis Lone Elm Water Supply employed 26 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 12/2021, Sardis Lone Elm Water Supply generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 7.7% 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

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.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Tischler
General Mngr
$159,561
William Getzendaner Jr
Vice President
$0
Dan Rayfield
Director
$0
Greg Losey
Dep Sec/tres
$0
Bill Brandon
President
$0
Jim Rook
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Circle H Contractors
Utility Contractor
$129,578
Jl Myers Co
Well Drilling & Main
$178,399
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$552,050
Noncash contributions included in lines 1a–1f $478,000
Total Revenue from Contributions, Gifts, Grants & Similar$552,050
Total Program Service Revenue$7,962,140
Investment income $5,140
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $77,703
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 $8,597,033

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