Timpson Rural Water Supply Corporation
- Assets
- $718.1k
- Revenue
- $328.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Timpson, TX
- Founding
- 05/1968
- Data as of
- 12/2021
- EIN
- 75-1249647
Organization Overview
Timpson Rural Water Supply Corporation is located in Timpson, TX. The organization was established in 1968. 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, Timpson Rural Water Supply Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Timpson Rural 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, Timpson Rural Water Supply Corporation generated $328.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $325.5k during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLEAN, SUITABLE WATER TO RURAL RESIDENTS OF THE TIMPSON, TX AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CLEAN, SUITABLE WATER TO RURAL RESIDENTS OF THE TIMPSON, TX AREA
PROVIDE CLEAN, SUITABLE WATER TO RURAL RESIDENTS OF THE TIMPSON, TX AREA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Childs Director | OfficerTrustee | 0.5 | $0 |
Billy Carrington Secretary | OfficerTrustee | 0.5 | $0 |
Ray Lloyd Director | OfficerTrustee | 0.5 | $0 |
Rusty Cook Director | OfficerTrustee | 0.5 | $0 |
Robert Crump President | OfficerTrustee | 0.5 | $0 |
Brad Fitzgerald Director | OfficerTrustee | 0.5 | $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 | $326,626 |
| Investment income | $1,047 |
| 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 | $328,457 |
| 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 | $139,358 |
| Pension plan accruals and contributions | $3,900 |
| Other employee benefits | $19 |
| Payroll taxes | $11,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $412 |
| Advertising and promotion | $0 |
| Office expenses | $8,991 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,841 |
| Insurance | $13,749 |
| All other expenses | $23,761 |
| Total functional expenses | $325,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,066 |
| Savings and temporary cash investments | $155,409 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $422,169 |
| Investments—publicly traded securities | $111,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $718,102 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,882 |
| Total liabilities | $23,882 |
| Net assets without donor restrictions | $0 |
| 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 | $694,220 |
| Total liabilities and net assets/fund balances | $718,102 |
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