Talty Water Supply Corporation
- Assets
- $11.7m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Forney, TX
- Founding
- Data as of
- 12/2015
- EIN
- 75-1942586
Organization Overview
Talty Water Supply Corporation is located in Forney, TX. As of 12/2015, Talty Water Supply Corporation employed 11 individuals. Talty 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
FURNISH CONTINUOUS AND ADEQUATE POTABLE TREATED WATER FOR GENERAL USE TO THE MEMBERS RESIDING IN THE RURAL COMMUNITY OF TALTY AND SURROUNDING SERVICE AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISHING TREATED WATER FOR GENERAL PURPOSES TO MEMBERS RESIDING IN THE RURAL COMMUNITY OF TALTY AND THE SURROUNDING SERVICE AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Turner Director | Trustee | 1 | $0 |
John Mastervich President | OfficerTrustee | 1 | $0 |
Scot Boisvert Vice President | OfficerTrustee | 1 | $0 |
Sidney Schlebach Director | Trustee | 1 | $0 |
Bill Hart Secretary/treas | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,487,021 |
| Investment income | $19,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,200 |
| 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 | $2,509,468 |
| 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 | $430,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,284 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,906 |
| Fees for services: Accounting | $6,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,852 |
| Advertising and promotion | $0 |
| Office expenses | $87,591 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,254 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $569,015 |
| Insurance | $28,799 |
| All other expenses | $19,221 |
| Total functional expenses | $2,639,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,222 |
| Savings and temporary cash investments | $2,751,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,175 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $62,166 |
| Prepaid expenses and deferred charges | $550 |
| Net Land, buildings, and equipment | $6,467,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,545 |
| Other assets | $1,916,840 |
| Total assets | $11,693,866 |
| Accounts payable and accrued expenses | $41,869 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| 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 | $511,828 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $678,697 |
| Unrestricted restricted net Assets | $11,015,169 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $11,015,169 |