Bi-County Water Supply Corporation
- Assets
- $17.1m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 26
- Location
- Pittsburg, TX
- Founding
- 02/1974
- Data as of
- 12/2023
- EIN
- 75-1400320
Organization Overview
Bi-County Water Supply Corporation is located in Pittsburg, 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 12/2023, Bi-County Water Supply Corporation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bi-County 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, Bi-County Water Supply Corporation generated $5.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. While expenses have increased by 7.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION AND DISTRIBUTION OF WATER TO RURAL WATER MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND DISTRIBUTION OF WATER TO RURAL WATER MEMBERS
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) | Role | Hours | Compensation |
|---|---|---|---|
Harlton Taylor Manager | 40 | $215,690 | |
Travis Jernigan Director | Trustee | 1 | $0 |
Daniel Castro Director | Trustee | 1 | $0 |
Charolotte Brewer Director | Trustee | 1 | $0 |
Russel Hill Director | Trustee | 0 | $0 |
James White Director | Trustee | 0 | $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 | $452,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $452,556 |
| Total Program Service Revenue | $5,052,090 |
| Investment income | $93,368 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,266 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,601,280 |
| 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. | $215,690 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,321,040 |
| Pension plan accruals and contributions | $46,613 |
| Other employee benefits | $489,935 |
| Payroll taxes | $115,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,220 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $369,865 |
| Travel | $264,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $842,949 |
| Insurance | $171,881 |
| All other expenses | $185,723 |
| Total functional expenses | $4,964,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,184,406 |
| Savings and temporary cash investments | $3,426,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $403,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $841,503 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,265,448 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,121,917 |
| Accounts payable and accrued expenses | $8,740 |
| 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 | $2,080,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,089,444 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $645,484 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,660,296 |
| Retained earnings, endowment, accumulated income, or other funds | $10,726,693 |
| Total liabilities and net assets/fund balances | $17,121,917 |