Valley Water Supply Corporation

Organization Overview

Valley Water Supply Corporation is located in Spur, TX. The organization was established in 1990. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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 12/2022, Valley Water Supply Corporation generated $112.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $175.0k during the year ending 12/2022. While expenses have increased by 5.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROVIDES WATER TO RURAL CUSTOMERS WHO ARE UNABLE TO OBTAIN DRINKING WATER FROM OTHER SOURCES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THERE WERE 90 CUSTOMERS AT YEAR END. THE PROGRAM IS TO PROVIDE WATER TO RURAL CUSTOMERS WHO COULD NOT OBTAIN DRINKING WATER FROM OTHER SOURCES. ALL REVENUE AND EXPENSES ARE RELATED TO THIS PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Benny Robertson
Board Member
$0
Matt Hindman
Board Member
$0
Cameron Capps
President
$0
Ronnie Bilberry
Vice President
$6,856
Becky Hodges
Sec/treasurer
$12,000

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,100
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$1,100
Total Program Service Revenue$111,647
Investment income $174
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 $112,921

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