South Grayson Water Supply Corporation
- Assets
- $0.0
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Van Alstyne, TX
- Founding
- Data as of
- 12/2015
- EIN
- 75-1391442
Organization Overview
South Grayson Water Supply Corporation is located in Van Alstyne, TX. As of 12/2015, South Grayson Water Supply Corporation employed 5 individuals. South Grayson 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SUPPLIES POTABLE WATER TO MEMBERS WITHIN ITS SERVICE AREA AS DEFINED BY CERTAIN OPERATING PERMITS. THE CORPORATION IS REGULATED BY THE TEXAS COMMISSION ON ENVIROMENTAL QUALITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF POTABLE WATER TO OVER 1,300 CUSTOMERS WITHIN THE SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julian Smith President | OfficerTrustee | $0 | |
Roy Adams Secretary/tr | OfficerTrustee | $0 | |
David Fourrier Vice Preside | OfficerTrustee | $0 | |
Dan Stenger Board Member | Trustee | $0 | |
Gary Russell Board Member | Trustee | $0 | |
Jdballard Board Member | Trustee | $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 | $1,057,539 |
| Investment income | $166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,196,233 |
| 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 | $241,803 |
| Pension plan accruals and contributions | $6,753 |
| Other employee benefits | $37,275 |
| Payroll taxes | $21,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,815 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,038 |
| Advertising and promotion | $0 |
| Office expenses | $14,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,181 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $342,234 |
| Insurance | $37,320 |
| All other expenses | $41,323 |
| Total functional expenses | $1,278,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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