Frankston Rural Water Supply Corp

Organization Overview

Frankston Rural Water Supply Corp is located in Frankston, TX. The organization was established in 1973. 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, Frankston Rural Water Supply Corp employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frankston Rural 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 12/2021, Frankston Rural Water Supply Corp generated $316.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $420.4k during the year ending 12/2021. 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

PROVIDE DRINKING WATER TO RURAL MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMBER OWNED WATER UTILITY SYSTEM. WE COLLECT FEES FOR WATER USUAGE, LATE FEES, AND SERVICE CHARGES, AND USE THE FEES TO KEEP OUR SYSTEM IN GOOD CONDITION. ALL INCOME IS EXEMPT AND RELATED.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Ray Beddingfield
President
$0
Gary Worlow
Vice President
$0
Laura Williams
Secretary/treasurer
$0
Rob Hord
Director
$0
Jim Dwyer
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$0
Investment income $0
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 $316,412

Create an account to unlock the data you need.

or