Westwood Water Supply Corporation
- Assets
- $136.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jasper, TX
- Founding
- 02/1983
- Data as of
- 12/2020
- EIN
- 75-1806845
Organization Overview
Westwood Water Supply Corporation is located in Jasper, TX. The organization was established in 1983. 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. Westwood 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 12/2020, Westwood Water Supply Corporation generated $122.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $123.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 6 years. 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
2020
Describe the Organization's Program Activity:
Part 3
PROVIDE A SAFE WATER SUPPLY TO RURAL CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Foreman Vice President | 1 | $0 | |
Debra Boyd Secretary | 1 | $0 | |
Becky West Treasurer | 15 | $0 | |
Kenneth West President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $122,565 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,565 |
| 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 | $73,238 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $318 |
| Other expenses | $49,421 |
| Total expenses | $122,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,552 |
| Other assets | $0 |
| Total assets | $136,699 |
| Total liabilities | $7,000 |
| Net assets or fund balances | $129,699 |
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