Western Cass Water Supply Corp
- Assets
- $13.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Linden, TX
- Founding
- 08/2000
- Data as of
- 12/2023
- EIN
- 75-2506577
Organization Overview
Western Cass Water Supply Corp is located in Linden, TX. The organization was established in 2000. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Western Cass Water Supply Corp employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Cass Water Supply Corp 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, Western Cass Water Supply Corp generated $1.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 4.5% per year over the past 5 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
OPERATE RURAL WATER SUPPLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE RURAL WATER SYSTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pearlee Wells Secretary/treas | OfficerTrustee | 0 | $6,500 |
Charles Cornett Vice President | OfficerTrustee | 0 | $0 |
Tommy Kessler President | OfficerTrustee | 0 | $0 |
Roy Barker Director | Trustee | 0 | $0 |
Sterling Corbett | Trustee | 0 | $0 |
Robby Johnson | Trustee | 0 | $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 | $1,455,603 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,463,277 |
| 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. | $6,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,560 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,998 |
| Payroll taxes | $36,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $821 |
| Office expenses | $13,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,611 |
| Travel | $51,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $260,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,754 |
| Insurance | $57,069 |
| All other expenses | $0 |
| Total functional expenses | $1,586,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,646 |
| Savings and temporary cash investments | $476,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,724 |
| 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 | $3,870 |
| Net Land, buildings, and equipment | $12,896,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,677 |
| Total assets | $13,887,735 |
| Accounts payable and accrued expenses | $33,865 |
| 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 | $6,792,344 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,826,209 |
| Net assets without donor restrictions | $6,555,463 |
| Net assets with donor restrictions | $506,063 |
| 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 | $13,887,735 |