Bolivar Water Supply Corporation

Organization Overview

Bolivar Water Supply Corporation is located in Sanger, TX. The organization was established in 1974. 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, Bolivar Water Supply Corporation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bolivar 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, Bolivar Water Supply Corporation generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 5.8% 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

RURAL WATER SUPPLY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED POTABLE WATER TO APPROXIMATELY 3,429 RURAL WATER CUSTOMERS.


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Board, Officers & Key Employees

Name (title)Compensation
James Parkman
General Manager
$126,707
Polly J Kruger
Office Manager
$99,088
Kevin Kemplin
President
$0
Janell Shelton
Secretary/treas
$0
Freida Ashcraft
Vice President
$0
Dl Bowles
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$4,148,390
Investment income $194,648
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $540,496
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,931,717

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