Orangefield Water Supply Corporation
- Assets
- $28.4m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Orangefield, TX
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 76-0461747
Organization Overview
Orangefield Water Supply Corporation is located in Orangefield, TX. The organization was established in 1996. 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. As of 12/2023, Orangefield Water Supply Corporation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orangefield 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 12/2023, Orangefield Water Supply Corporation generated $3.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 9 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
RURAL UTILITY SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM ACCOMPLISHMENTS INCLUDE DEVELOPING AND OPERATING A COMMUNITY WATER SYSTEM THAT WAS COMPLETED DURING THE SUMMER OF 2000 WHICH IS PROVIDING POTABLE WATER TO OVER 2,000 CUSTOMERS. THE CORPORATION COMPLETED CONSTRUCTION OF A COMMUNITY SEWER SYSTEM IN 2016 THAT IS CURRENTLY SERVICING IN EXCESS OF 1,100 SEWER CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Banken President | OfficerTrustee | $0 | |
Jessie Freemont Asst Sec/tre | Trustee | $0 | |
Delana Huebel Vice Preside | Trustee | $0 | |
Ronnie Hutchinson Board Member | OfficerTrustee | $0 | |
Don Mclemore Board Member | Trustee | $0 | |
Mary Nixon Sec./tres. | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| 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 | $105,900 |
| Total Program Service Revenue | $3,716,855 |
| Investment income | $252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,793,378 |
| 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 | $881,168 |
| Pension plan accruals and contributions | $18,065 |
| Other employee benefits | $0 |
| Payroll taxes | $66,312 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,936 |
| Fees for services: Accounting | $43,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,319 |
| Advertising and promotion | $2,536 |
| Office expenses | $27,015 |
| 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 | $946,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,136,668 |
| Insurance | $266,743 |
| All other expenses | $101,425 |
| Total functional expenses | $4,924,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,629 |
| Savings and temporary cash investments | $93,765 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $391,535 |
| 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 | $164,128 |
| Net Land, buildings, and equipment | $21,274,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $279,291 |
| Other assets | $6,029,894 |
| Total assets | $28,377,046 |
| Accounts payable and accrued expenses | $0 |
| 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 | $21,816,124 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $325,095 |
| Total liabilities | $22,141,219 |
| Net assets without donor restrictions | $6,235,827 |
| 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 | $28,377,046 |