Study Butte Water Supply Corporation
- Assets
- $2.9m
- Revenue
- $556.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Terlingua, TX
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 75-2348406
Organization Overview
Study Butte Water Supply Corporation is located in Terlingua, TX. The organization was established in 1993. 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 12/2021, Study Butte Water Supply Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Study Butte 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, Study Butte Water Supply Corporation generated $556.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $595.9k during the year ending 12/2021. While expenses have increased by 1.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION WAS FORMED FOR THE PURPOSE OF FURNISHING WATER SERVICES FOR DOMESTIC PURPOSES TO INDIVIDUALS RESIDING IN STUDY BUTTE AND TERLINGUA, TEXAS.FUNDING FOR THIS PROJECT IS BEING PROVIDED BY THE UNITED STATES DEPARTMENT OF AGRICULTURE - RURAL UTILITIES SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC WATER SERVICE UTILITY AND PROVIDES POTABLE WATER SERVICE TO APPROXIMATELY 150-180 HOUSEHOLDS.LOANS AND GRANTS HAVE BEEN PROVIDED BY THE USDA AND RELATED CONSTRUCTION COSTS HAVE BEEN CAPITALIZED AND DEPRRECIATED IN THIS TAX RETURN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Holroyd President | Trustee | 1 | $0 |
William Gilles Director | Trustee | 1 | $0 |
Leon Smith Director | Trustee | 1 | $0 |
Lico Miller Vice President | Trustee | 1 | $0 |
Greg Henington Secretary-Treas | Trustee | 1 | $0 |
Jorge L Garcia Operator | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Martinez Brothers Construction Llc Construction | 12/30/18 | $281,299 |
Jacob Martin Engineering | 12/30/18 | $104,781 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,982 |
| 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 | $3,982 |
| Total Program Service Revenue | $564,163 |
| Investment income | $27 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $556,537 |
| 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 | $180,858 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,583 |
| Advertising and promotion | $1,166 |
| Office expenses | $5,200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,513 |
| Insurance | $37,629 |
| All other expenses | $24,042 |
| Total functional expenses | $595,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,956 |
| Savings and temporary cash investments | $95,746 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,062 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,255,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,200 |
| Total assets | $2,933,250 |
| Accounts payable and accrued expenses | $2,793 |
| 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 | $175,481 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $335,011 |
| Total liabilities | $513,285 |
| Net assets without donor restrictions | $2,419,965 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,933,250 |
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