Consolidated Water Supply Corp
- Assets
- $10.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 28
- Location
- Crockett, TX
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 75-1298936
Organization Overview
Consolidated Water Supply Corp is located in Crockett, TX. The organization was established in 1987. 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, Consolidated Water Supply Corp employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consolidated Water Supply Corp 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, Consolidated Water Supply Corp generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. 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
FURNISH WATER TO HOUSEHOLDS IN RURAL AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER IS FURNISHED TO HOUSEHOLDS IN RURAL AREAS. APPROXIMATELY 5,600 HOUSEHOLDS ARE PROVIDED WATER SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garry Holcomb Sec/treasurer | OfficerTrustee | 1 | $4,800 |
Kim Spellman President | OfficerTrustee | 1 | $0 |
Frank Wilson Director | Trustee | 1 | $0 |
K Dewayne High Director | Trustee | 1 | $0 |
Jimmy Gardner Vice President | OfficerTrustee | 1 | $0 |
Jack Crow Director | Trustee | 1 | $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 | $4,352,715 |
| Investment income | $9,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,370,905 |
| 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. | $4,800 |
| Compensation of current officers, directors, key employees. | $4,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $972,595 |
| Pension plan accruals and contributions | $33,606 |
| Other employee benefits | $192,607 |
| Payroll taxes | $69,218 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,321 |
| Fees for services: Accounting | $16,919 |
| 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 | $117,873 |
| 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 | $47,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $384,109 |
| Insurance | $107,709 |
| All other expenses | $215,518 |
| Total functional expenses | $3,505,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $792,701 |
| Savings and temporary cash investments | $86,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $293,456 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $106,924 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,455,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,915,448 |
| Total assets | $10,650,918 |
| Accounts payable and accrued expenses | $634,941 |
| Grants payable | $0 |
| Deferred revenue | $852,863 |
| 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 | $990,851 |
| Total liabilities | $2,478,655 |
| Net assets without donor restrictions | $7,963,563 |
| Net assets with donor restrictions | $208,700 |
| 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 | $10,650,918 |