Lake Livingston Wtr Sply & Swr Serv Corp
- Assets
- $30.4m
- Revenue
- $7.1m
- Investments
- $157.2k
- Employees
- 38
- Location
- Livingston, TX
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 76-0529161
Organization Overview
Lake Livingston Wtr Sply & Swr Serv Corp is located in Livingston, TX. The organization was established in 0000. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2023, Lake Livingston Wtr Sply & Swr Serv Corp employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Livingston Wtr Sply & Swr Serv 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, Lake Livingston Wtr Sply & Swr Serv Corp generated $7.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $6.2m during the year ending 12/2023. While expenses have increased by 3.8% 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
TO PROVIDE WATER TO ITS MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICES TO APPROXIMATELY 7,000 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Ordner Vice Preside | OfficerTrustee | 2 | $7,200 |
Greg Freeman Vice Preside | OfficerTrustee | 2 | $5,400 |
Lydia Morton Director | Trustee | 2 | $2,400 |
Jack Maxwell Director | Trustee | 2 | $1,200 |
Christi Allen Secretary | Trustee | 2 | $5,400 |
George Harris Treasurer | OfficerTrustee | 6 | $7,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allco Construction | 12/30/23 | $1,069,376 |
Blue Cross Blue Shield Medical | 12/30/23 | $493,534 |
Moore Supply Company Equipment/suppl | 12/30/23 | $204,848 |
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 | $6,957,707 |
| Investment income | $107,685 |
| 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 | $7,146,288 |
| 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. | $222,319 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,015,469 |
| Pension plan accruals and contributions | $46,079 |
| Other employee benefits | $394,187 |
| Payroll taxes | $156,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,512 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,708 |
| Advertising and promotion | $0 |
| Office expenses | $109,244 |
| Information technology | $52,309 |
| Royalties | $0 |
| Occupancy | $19,578 |
| Travel | $4,256 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,448 |
| Interest | $235,583 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $967,739 |
| Insurance | $120,947 |
| All other expenses | $327,054 |
| Total functional expenses | $6,159,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,165 |
| Savings and temporary cash investments | $5,050,387 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $779,319 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $318,594 |
| Prepaid expenses and deferred charges | $285,388 |
| Net Land, buildings, and equipment | $23,797,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $157,217 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $30,399,734 |
| Accounts payable and accrued expenses | $968,520 |
| 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 | $13,692,976 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,710 |
| Total liabilities | $14,666,206 |
| 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 | $760,600 |
| Retained earnings, endowment, accumulated income, or other funds | $14,972,928 |
| Total liabilities and net assets/fund balances | $30,399,734 |