Pine Lake Water Supply Corp
- Assets
- $202.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, TX
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 76-0604524
Organization Overview
Pine Lake Water Supply Corp is located in Montgomery, 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 the central organization for a national or regional group of organizations. Pine Lake Water Supply 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 12/2021, Pine Lake Water Supply Corp generated $98.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $93.0k during the year ending 12/2021. While expenses have increased by 2.7% 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
THE ORGANIZATION PROVIDED WATER SERVICE TO IT MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Vanhaverbeke President | 10 | $0 | |
Carrie Patton Secretary | 10 | $0 | |
Sandy Snead Treasurer | 10 | $0 | |
Phyllis Williams Director At Large | 10 | $0 | |
Marianne Zemanek Vice-President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $92,646 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,073 |
| Total Revenue | $98,719 |
| 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 | $1,250 |
| Occupancy, rent, utilities, and maintenance | $65,765 |
| Printing, publications, postage, and shipping | $125 |
| Other expenses | $25,851 |
| Total expenses | $92,991 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,870 |
| Other assets | $0 |
| Total assets | $202,398 |
| Total liabilities | $0 |
| Net assets or fund balances | $202,398 |
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 |