Mcclelland Water Supply Corporation
- Assets
- $1.9m
- Revenue
- $384.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Shelbyville, TX
- Founding
- 05/1967
- Data as of
- 12/2022
- EIN
- 75-6058767
Organization Overview
Mcclelland Water Supply Corporation is located in Shelbyville, TX. The organization was established in 1967. 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. Mcclelland 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, Mcclelland Water Supply Corporation generated $384.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $271.0k during the year ending 12/2022. While expenses have increased by 3.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR ONLY ACTIVITY IS A PUBLIC RURAL WATER SYSTEM. OUR ONLY REVENUE IS FROM WATER SERVICES TO OUR MEMBERS BILLED ON A MONTHLY USAGE BASIS. WE SERVICE ABOUT 520 CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR ONLY ACTIVITY IS A PUBLIC RURAL WATER SYSTEM. OUR ONLY REVENUE IS FROM WATER SERVICE TO OUR MEMBERS BILLED ON A MONTHLY USAGE BASIS. WE SERVICE ABOUT 520 CUSTOMERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W F Mcclelland President | Trustee | 2 | $0 |
Keith Putman Director | Trustee | 0 | $0 |
Micah Windham Director | Trustee | 0 | $0 |
John Halstead Jr Vice President | Trustee | 0 | $0 |
Norma Lister Director | 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 | $384,379 |
| Investment income | $0 |
| 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 | $384,379 |
| 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 | $54,030 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,154 |
| Insurance | $5,176 |
| All other expenses | $20,128 |
| Total functional expenses | $270,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,085,326 |
| Savings and temporary cash investments | $311,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,752 |
| 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 | $460,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $831 |
| Total assets | $1,875,590 |
| Accounts payable and accrued expenses | $385 |
| Grants payable | $190,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $190,385 |
| Net assets without donor restrictions | $0 |
| 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 | $75,156 |
| Retained earnings, endowment, accumulated income, or other funds | $1,610,049 |
| Total liabilities and net assets/fund balances | $1,875,590 |
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