Starr Water Supply Corporation
- Assets
- $3.6m
- Revenue
- $704.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Denison, TX
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 75-1313313
Organization Overview
Starr Water Supply Corporation is located in Denison, TX. The organization was established in 1970. 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, Starr Water Supply Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Starr 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, Starr Water Supply Corporation generated $704.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $501.3k during the year ending 12/2021. 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 A WATER SUPPLY FOR GENERAL FARM USE AND DOMESTIC PURPOSES TO INDIVIDUALS RESIDING IN THE RURAL COMMUNITIES OF GRAYSON COUNTY TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STARR WATER SUPPLY CORPORATION PROVIDES WATER TO APPROXIMATELY 970 MEMBERS/METERS FOR FARM AND DOMESTIC USE IN RURAL AREAS OF GRAYSON COUNTY TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard Smith President | Officer | 0.25 | $0 |
Russell Petre Vice-President | Officer | 0.25 | $0 |
Dennis Reeves Treasurer | Officer | 0.25 | $0 |
Barry Anderson Board Member | Trustee | 0.25 | $0 |
Richard K Berry Board Member | Trustee | 0.25 | $0 |
Jon Brown Board Member | Trustee | 0.25 | $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 | $702,784 |
| Investment income | $1,757 |
| 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 | $704,541 |
| 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 | $145,791 |
| Pension plan accruals and contributions | $4,189 |
| Other employee benefits | $7,736 |
| Payroll taxes | $11,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $75 |
| 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 | $25,140 |
| Information technology | $1,421 |
| Royalties | $0 |
| Occupancy | $60,158 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,853 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,228 |
| Insurance | $18,994 |
| All other expenses | $1,594 |
| Total functional expenses | $501,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,648 |
| Savings and temporary cash investments | $400,099 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,712 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,782,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,618,594 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,618,594 |
| 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 | $3,618,594 |
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