Toe Water Supply Corporation
- Assets
- $740.1k
- Revenue
- $75.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Canton, TX
- Founding
- Data as of
- 12/2022
- EIN
- 86-1938161
Organization Overview
Toe Water Supply Corporation is located in Canton, TX. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Toe 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, Toe Water Supply Corporation generated $75.6k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $46.1k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 2 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
PROVIDE WATER SERVICE TO TALL OAKS ESTATES SUBDIVISION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICES TO TALL OAKS ESTATES
PROVIDE WATER SERVICES TO TALL OAKS ESTATES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Phipps President | 5 | $0 | |
Robert Murphy Vice President | 5 | $0 | |
Lisa Rikard Secretary Treasure | 5 | $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 | $75,607 |
| 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 | $75,607 |
| 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 | $16,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $575 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,864 |
| Advertising and promotion | $0 |
| Office expenses | $2,078 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,348 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,850 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,281 |
| All other expenses | $0 |
| Total functional expenses | $46,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,115 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $644,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $740,115 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $246,658 |
| Total liabilities | $246,658 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $493,457 |
| Total liabilities and net assets/fund balances | $740,115 |
Endowment Analysis
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 |
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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 |