Highland Water Supply Corporation is located in Weatherford, TX. The organization was established in 1991. 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. Highland 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 12/2021, Highland Water Supply Corporation generated $100.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $100.3k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED POTABLE WATER TO ITS 146 CUSTOMERS AT THE LOWEST POSSIBLE COST. ALL REVENUE IN EXCESS OF EXPENSES IS USED OR ACCUMULATED TO MAINTAIN FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
V M Carpenter President | 2 | $1,800 | |
Phil Craighead Sr Advisor | 2 | $1,250 | |
Joann Jackson Sectreas | 2 | $900 | |
Tommy Cain Director | 1 | $600 | |
Vicki Wheat Director | 0 | $600 | |
James Barron Director | 0 | $450 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $100,802 |
Membership dues | $0 |
Investment income | $14 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $100,816 |
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 | $8,701 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $91,579 |
Total expenses | $100,280 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $100,286 |
Other assets | $0 |
Total assets | $217,396 |
Total liabilities | $0 |
Net assets or fund balances | $217,396 |
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