North Alamo Water Supply Corporation
- Assets
- $228.2m
- Revenue
- $37.3m
- Investments
- $727.6k
- Employees
- 162
- Location
- Edinburg, TX
- Founding
- 03/1968
- Data as of
- 12/2022
- EIN
- 74-1595319
Organization Overview
North Alamo Water Supply Corporation is located in Edinburg, TX. The organization was established in 1968. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, North Alamo Water Supply Corporation employed 162 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Alamo 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, North Alamo Water Supply Corporation generated $37.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $27.6m during the year ending 12/2022. While expenses have increased by 6.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE POTABLE WATER AND WASTEWATER UTILITIES TO RURAL RESIDENTS IN THE RIO GRANDE VALLEY OF TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING POTABLE WATER 365 DAYS A YEAR FOR MEMBERS.
PROVIDING WASTEWATER UTILITIES 365 DAYS A YEAR FOR MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve D Krenek President | Trustee | 1 | $4,600 |
Thomas Jendrusch Vice-President | Trustee | 1 | $4,100 |
Derrick R Swanberg Secretary/treasurer | Trustee | 1 | $3,200 |
Abdiel Cuevas Director | Trustee | 1 | $4,900 |
Samuel Ruiz Director | Trustee | 1 | $4,200 |
Martin Drewry Director | Trustee | 1 | $4,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Melden & Hunt Inc Engineering Services | 12/30/22 | $511,627 |
Jmj Contractors Construction | 12/30/22 | $378,822 |
American Water Supply Services Llc Construction | 12/30/22 | $304,084 |
The 5125 Company Construction | 12/30/22 | $177,641 |
Ubeo Llc Office Equipment Supplier | 12/30/22 | $158,090 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,089 |
| 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 | $226,089 |
| Total Program Service Revenue | $26,124,874 |
| Investment income | $239,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,089 |
| Net Gain/Loss on Asset Sales | $65,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,324,345 |
| 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. | $638,669 |
| Compensation of current officers, directors, key employees. | $328,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,207,757 |
| Pension plan accruals and contributions | $210,890 |
| Other employee benefits | $1,213,279 |
| Payroll taxes | $426,029 |
| Fees for services: Management | $5,775 |
| Fees for services: Legal | $104,844 |
| Fees for services: Accounting | $47,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,604 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $1,139,918 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,082,527 |
| Insurance | $437,142 |
| All other expenses | $2,303,953 |
| Total functional expenses | $27,607,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,903 |
| Savings and temporary cash investments | $43,807,501 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,245,581 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,016,623 |
| Prepaid expenses and deferred charges | $136,975 |
| Net Land, buildings, and equipment | $157,349,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $727,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,732,665 |
| Total assets | $228,183,392 |
| Accounts payable and accrued expenses | $4,859,868 |
| Grants payable | $0 |
| Deferred revenue | $3,007,978 |
| 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 | $36,262,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,393,091 |
| Total liabilities | $47,523,799 |
| Net assets without donor restrictions | $180,650,343 |
| Net assets with donor restrictions | $9,250 |
| 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 | $228,183,392 |