Sand Flat Water Supply Corporation
- Assets
- $3.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Tyler, TX
- Founding
- 07/1984
- Data as of
- 12/2023
- EIN
- 75-1838716
Organization Overview
Sand Flat Water Supply Corporation is located in Tyler, TX. The organization was established in 1984. 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, Sand Flat Water Supply Corporation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sand Flat 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, Sand Flat Water Supply Corporation generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $895.5k during the year ending 12/2023. While expenses have increased by 4.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING WATER TO RURAL RESIDENCES AND SMALL BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SALES AND RELATED SERVICE TO ITS MEMEBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Turner Director | Trustee | 1 | $0 |
Ennis Bynum Vice President | OfficerTrustee | 1 | $0 |
Kenneth Langley President | OfficerTrustee | 1 | $0 |
Allen Christian Director | Trustee | 1 | $0 |
Freddie Edwards Director | Trustee | 1 | $0 |
Richard Hensley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C Miller Drilling Construction | 12/30/20 | $662,887 |
Mckinney & Moore Of Texas Lp Construction | 12/30/20 | $360,142 |
D&d Pipeline Consultants Llc Construction Consulting | 12/30/20 | $309,040 |
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 | $987,968 |
| Investment income | $9,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $53 |
| 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 | $1,002,301 |
| 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 | $262,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,873 |
| Payroll taxes | $20,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,100 |
| 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 | $10,586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,184 |
| Insurance | $15,793 |
| All other expenses | $65,193 |
| Total functional expenses | $895,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793,365 |
| Savings and temporary cash investments | $266,254 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $114,906 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $305,940 |
| Prepaid expenses and deferred charges | $25,112 |
| Net Land, buildings, and equipment | $2,057,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,563,353 |
| Accounts payable and accrued expenses | $2,156 |
| 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 | $304,299 |
| Total liabilities | $306,455 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $263,883 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,993,015 |
| Total liabilities and net assets/fund balances | $3,563,353 |