Ft Belknap Water Supply Corporation
- Assets
- $3.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Graham, TX
- Founding
- 07/1982
- Data as of
- 12/2023
- EIN
- 75-1368014
Organization Overview
Ft Belknap Water Supply Corporation is located in Graham, TX. The organization was established in 1982. 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 12/2023, Ft Belknap Water Supply Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ft Belknap 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 12/2023, Ft Belknap Water Supply Corporation generated $3.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $3.4m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SAFE, ECONOMICAL AND RELIABLE SOURCE OF DRINKING WATER TO THE RESIDENTS OF RURAL YOUND, STPHENS, THROCKMORTON AND PALO PINTO COUNTIES, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SALES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Birdwell President | OfficerTrustee | 2 | $0 |
Margaret Mathiews Vice President | OfficerTrustee | 1 | $0 |
Brent Hawkins Secretary/treasurer | OfficerTrustee | 1 | $0 |
Jason Smith Director | Trustee | 1 | $0 |
Rita Choat Director | Trustee | 1 | $0 |
Robert Taylor 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 | $3,119,225 |
| Investment income | $35,537 |
| 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 | $3,154,762 |
| 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 | $526,309 |
| Pension plan accruals and contributions | $10,839 |
| Other employee benefits | $94,718 |
| Payroll taxes | $42,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,694 |
| Fees for services: Accounting | $14,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,360 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,015 |
| 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 | $118,153 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,261 |
| Insurance | $58,129 |
| All other expenses | $146,182 |
| Total functional expenses | $3,412,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,981 |
| Savings and temporary cash investments | $2,204,315 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $214,460 |
| Prepaid expenses and deferred charges | $53,383 |
| Net Land, buildings, and equipment | $893,335 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,706,414 |
| Accounts payable and accrued expenses | $281,204 |
| 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 | $2,400,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,681,777 |
| Net assets without donor restrictions | $813,760 |
| Net assets with donor restrictions | $210,877 |
| 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 | $3,706,414 |