Orangefield Water Supply Corporation
- Assets
- $25.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Orangefield, TX
- Founding
- 06/1996
- Data as of
- 12/2020
- 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 12/2020, Orangefield Water Supply Corporation employed 22 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 12/2020, Orangefield Water Supply Corporation generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $4.0m during the year ending 12/2020. While expenses have increased by 6.2% per year over the past 6 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
2020
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 |
|---|---|---|---|
Ronnie Hutchinson Vice Preside | OfficerTrustee | $0 | |
Jared Banken President | OfficerTrustee | $0 | |
Mary Nixon Sec./tres. | OfficerTrustee | $0 | |
Jason Engle General Mana | Officer | 40 | $0 |
Rene Naquin Director | Trustee | $0 | |
Delana Huebel Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| 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 | $14,500 |
| Total Program Service Revenue | $2,967,903 |
| Investment income | $3,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$98,020 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,318,279 |
| 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 | $953,159 |
| Pension plan accruals and contributions | $23,115 |
| Other employee benefits | $0 |
| Payroll taxes | $67,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,684 |
| Fees for services: Accounting | $35,573 |
| 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 | $28,756 |
| 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 | $666,237 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,029,373 |
| Insurance | $119,539 |
| All other expenses | $161,706 |
| Total functional expenses | $4,020,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,304 |
| Savings and temporary cash investments | $247,424 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,195 |
| 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 | $200,226 |
| Net Land, buildings, and equipment | $24,025,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $336,418 |
| Other assets | $292,540 |
| Total assets | $25,738,476 |
| Accounts payable and accrued expenses | $86 |
| 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 | $17,063,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $233,901 |
| Total liabilities | $17,297,608 |
| Net assets without donor restrictions | $8,440,868 |
| 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 | $25,738,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
La Canada Wireless Association Santa Fe, NM | $233,647 | $492,979 |
Calhoun County Water Association Inc Hampton, AR | $2,469,333 | $278,006 |