Military Highway Water Supply Corporation
- Assets
- $78.1m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 89
- Location
- Progreso, TX
- Founding
- 06/1974
- Data as of
- 12/2022
- EIN
- 74-1786626
Organization Overview
Military Highway Water Supply Corporation is located in Progreso, TX. The organization was established in 1974. 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, Military Highway Water Supply Corporation employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Military Highway 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, Military Highway Water Supply Corporation generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $11.7m during the year ending 12/2022. While expenses have increased by 5.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE TO FURNISH A WATER SUPPLY AND SEWER SERVICE FOR INDIVIDUALS, TOWNS, AND CORPORATIONS IN THE RURAL AREAS OF CAMERON AND HIDALGO COUNTIES, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST OF PROVIDING WATER DELIVERY AND SEWER SERVICES TO INDIVIDUALS COMMUNITIES AND BUSINESSES IN THE RURAL AREAS OF CAMERON AND HIDALGO COUNTIES OF SOUTH TEXAS.
GENERAL ADMINISTRATION EXPENSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Consuelo DE La Rosa General Manager | 40 | $101,402 | |
Jose Juan Lara Board Member | Trustee | 0 | $0 |
Juan J Ramos Board Member | OfficerTrustee | 0 | $0 |
Norma Vento Board Member | OfficerTrustee | 0 | $0 |
Albert Garza III Board Member | OfficerTrustee | 0 | $0 |
Salvador Acosta Vice President | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bell Water Well Service Construction | 12/30/22 | $207,711 |
Valley Solvents & Chemicals Chemical Sales | 12/30/22 | $260,800 |
Saenz Utility Contractors Construction | 12/30/22 | $84,042 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $53,050 |
| Membership dues | $42,062 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,807,910 |
| Noncash contributions included in lines 1a–1f | $1,379,240 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,903,022 |
| Total Program Service Revenue | $12,171,217 |
| Investment income | $6,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,519 |
| Net Gain/Loss on Asset Sales | $72,677 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,186,819 |
| 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. | $101,402 |
| Compensation of current officers, directors, key employees. | $25,351 |
| Compensation to disqualified persons | $2,746,092 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $89,433 |
| Other employee benefits | $708,956 |
| Payroll taxes | $225,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,422 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,841 |
| Advertising and promotion | $2,375 |
| Office expenses | $360,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,145 |
| Travel | $12,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $629,343 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,478,969 |
| Insurance | $446,185 |
| All other expenses | $502,648 |
| Total functional expenses | $11,721,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,376,141 |
| Savings and temporary cash investments | $2,872,280 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,367,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,286 |
| Prepaid expenses and deferred charges | $74,862 |
| Net Land, buildings, and equipment | $72,169,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,147 |
| Total assets | $78,067,800 |
| Accounts payable and accrued expenses | $558,249 |
| 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 | $21,358,818 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,007,130 |
| Total liabilities | $29,924,197 |
| Net assets without donor restrictions | $43,926,450 |
| Net assets with donor restrictions | $4,217,153 |
| 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 | $78,067,800 |