Oak Grove Texas Water Supply Corp is located in Kaufman, TX. The organization was established in 2010. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Oak Grove Texas Water Supply Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oak Grove Texas 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, Oak Grove Texas Water Supply Corp generated $374.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $282.5k during the year ending 12/2022. While expenses have increased by 4.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER TO RURAL AREA MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER SERVICE TO 330 CUSTOMERS AND MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jerry Busby Director | Trustee | 10 | $7,200 |
Brian Chambers Vice President | OfficerTrustee | 1 | $0 |
Suella Dean Secretary/treas | OfficerTrustee | 1 | $0 |
Jerry Hedrick President | OfficerTrustee | 3 | $0 |
Joe Heather Director | Trustee | 1 | $0 |
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 | $372,412 |
Investment income | $2,443 |
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 | $374,855 |
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. | $7,200 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $25,500 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,502 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,982 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,082 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,257 |
Travel | $222 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $10,466 |
Insurance | $5,640 |
All other expenses | $4,631 |
Total functional expenses | $282,473 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $91,863 |
Savings and temporary cash investments | $1,059,607 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,240 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,965 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $65,360 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,235,035 |
Accounts payable and accrued expenses | $10,746 |
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 | $10,746 |
Net assets without donor restrictions | $1,224,289 |
Net assets with donor restrictions | $0 |
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 | $1,235,035 |
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Oklahoma State Fair Inc Oklahoma City, OK | $18,358,668 | $22,331,954 |
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Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
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National Reined Cow Horse Association Pilot Point, TX | $5,326,422 | $10,193,097 |
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Louisiana Farm Bureau Federation Inc Baton Rouge, LA | $75,119,133 | $8,594,309 |
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Louisiana Quarter Horse Breeders Association Alexandria, LA | $10,986,998 | $7,601,612 |
National Finance Credit Corp Of Tx Fort Worth, TX | $196,184,500 | $9,101,860 |
Texas Quarter Horse Association Elgin, TX | $5,419,371 | $4,846,350 |