Loop Water Supply Corporation
- Assets
- $433.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Loop, TX
- Founding
- 09/1972
- Data as of
- 12/2022
- EIN
- 23-7126094
Organization Overview
Loop Water Supply Corporation is located in Loop, TX. The organization was established in 1972. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loop 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, Loop Water Supply Corporation generated $94.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $107.7k during the year ending 12/2022. While expenses have increased by 9.8% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
WATER TRANSMISSION WAS PROVIDED TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Crow President | 0 | $0 | |
Randy Reid Secretary-Treas | 0 | $0 | |
Heath Blackmon Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $93,853 |
| Membership dues | $0 |
| Investment income | $152 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $94,005 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,659 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,258 |
| Other expenses | $81,828 |
| Total expenses | $107,745 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,962 |
| Other assets | $0 |
| Total assets | $433,425 |
| Total liabilities | $640 |
| Net assets or fund balances | $432,785 |