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 12/2022, Bolivar Water Supply Corporation employed 17 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 12/2022, Bolivar Water Supply Corporation generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 6.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Parkman General Manager | Officer | 40 | $139,880 |
Polly J Kruger Office Manager | Officer | 40 | $93,024 |
Kevin Kemplin President | OfficerTrustee | 2 | $0 |
Janell Shelton Secretary/treas | OfficerTrustee | 2 | $0 |
Freida Ashcraft Vice President | OfficerTrustee | 2 | $0 |
Dl Bowles Director | Trustee | 2 | $0 |
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 | $5,445,253 |
Investment income | $177,610 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$50,222 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,743,234 |
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. | $232,904 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $748,222 |
Pension plan accruals and contributions | $27,296 |
Other employee benefits | $111,279 |
Payroll taxes | $75,678 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $122,640 |
Advertising and promotion | $0 |
Office expenses | $49,824 |
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 | $52,309 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $743,315 |
Insurance | $65,487 |
All other expenses | $160,329 |
Total functional expenses | $3,476,090 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $779,857 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $887,820 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $95,772 |
Prepaid expenses and deferred charges | $11,308 |
Net Land, buildings, and equipment | $11,378,345 |
Investments—publicly traded securities | $0 |
Investments—other securities | $5,704,347 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,739,143 |
Total assets | $20,596,592 |
Accounts payable and accrued expenses | $389,657 |
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 | $1,013,115 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $1,402,772 |
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 | $3,473,041 |
Retained earnings, endowment, accumulated income, or other funds | $15,720,779 |
Total liabilities and net assets/fund balances | $20,596,592 |