Amon Carter Lake Water Supply Corporation
- Assets
- $275.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bowie, TX
- Founding
- 08/2000
- Data as of
- 12/2021
- EIN
- 75-2565122
Organization Overview
Amon Carter Lake Water Supply Corporation is located in Bowie, TX. The organization was established in 2000. 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. Amon Carter Lake 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, Amon Carter Lake Water Supply Corporation generated $178.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $195.4k during the year ending 12/2021. While expenses have increased by 8.0% 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
PROVIDE WATER SUPPLY TO RESIDENTS OF THE AMON CARTER LAKE AREA - CURRENTLY SERVES 267 CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Clayton Director | 0.25 | $0 | |
Ray Matus Director | 0.25 | $0 | |
Rob Leopold Director | 0.25 | $0 | |
John Little Vice Preside | 1 | $0 | |
Bill Glass Director | 0.25 | $0 | |
Lee Wayne Jones Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $174,932 |
| Membership dues | $0 |
| Investment income | $83 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,099 |
| Total Revenue | $178,114 |
| 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 | $500 |
| Occupancy, rent, utilities, and maintenance | $10,589 |
| Printing, publications, postage, and shipping | $1,859 |
| Other expenses | $182,454 |
| Total expenses | $195,402 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,974 |
| Other assets | $0 |
| Total assets | $275,634 |
| Total liabilities | $303,015 |
| Net assets or fund balances | -$27,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brazos Sandy Creek Electric Cooperative Inc Houston, TX | $476,133,566 | $90,167,263 |
Heart Of Texas Electric Cooperative Inc Mcgregor, TX | $108,808,693 | $50,473,996 |
Orangefield Water Supply Corporation Orangefield, TX | $25,738,476 | $3,318,279 |
Creedmoor-Maha Water Supply Co-Op Inc Buda, TX | $19,735,495 | $4,359,702 |
Blackland Water Supply Corp Fate, TX | $4,691,303 | $2,323,752 |
Elmo Water Supply Corporation Elmo, TX | $2,119,290 | $882,080 |
Brushy Creek Water Supply Corp Montalba, TX | $2,997,097 | $1,042,438 |
Better Waterworks Inc Swartz, LA | $3,539,567 | $485,708 |
Eastern Cass Water Supply Corporation Bivins, TX | $4,445,285 | $567,658 |
Usfon Inc Lockhart, TX | $1,205,491 | $731,967 |
Windmill Water Supply Corporation Uvalde, TX | $1,632,658 | $400,347 |
N-E-W Carroll Water Association Kilbourne, LA | $981,756 | $568,672 |