North Cherokee Water Supply Corporation

Organization Overview

North Cherokee Water Supply Corporation is located in Jacksonville, TX. The organization was established in 1969. 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, North Cherokee Water Supply Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Cherokee 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, North Cherokee Water Supply Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SUPPLY WATER TO RURAL CUSTOMERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

NORTH CHEROKEE WATER SUPPLY CORPORATION SOLE PURPOSE IS TO SUPPLY WATER TO RURAL CUSTOMERS WHO LIVE OUTSIDE THE CITY LIMITS AND DO NOT HAVE ACCESS TO CITY WATER.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Ward Sr
Director
$0
Lottie Spraggins
Secretary/treas
$0
James Tarrant
Vice President
$0
Sammy Grimes
President
$0
Bruce Rollins
Director
$0
James Dorman
Director
$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$1,369,779
Investment income $17
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 $1,369,796

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