Laneville Water Supply Corp is located in Laneville, TX. The organization was established in 1978. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laneville 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 12/2022, Laneville Water Supply Corp generated $124.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $119.1k during the year ending 12/2022. While expenses have increased by 4.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ALL EXPENSES WERE USED TO OPERATE A RURAL WATER SUPPLY CORPORATION TO PROVIDE SAFE POTABLE WATERTO RURAL CUSTOMERS IN THE COMMUNITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Todd Springfield President | 0 | $0 | |
Rosemary Whitten Sec/treasurer | 0 | $0 | |
Oscar Johnson Director | 0 | $0 | |
Darwin Miley Director | 0 | $0 | |
Bt Bryan Vice President | 0 | $0 | |
Joe Ballard Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $123,197 |
Membership dues | $0 |
Investment income | $1,042 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $124,239 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $550 |
Occupancy, rent, utilities, and maintenance | $15,898 |
Printing, publications, postage, and shipping | $2,697 |
Other expenses | $99,969 |
Total expenses | $119,114 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $326,555 |
Other assets | $0 |
Total assets | $374,972 |
Total liabilities | $163 |
Net assets or fund balances | $374,809 |
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