Holiday Beach Water Supply Corporation
- Assets
- $1.7m
- Revenue
- $544.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Rockport, TX
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 74-2729275
Organization Overview
Holiday Beach Water Supply Corporation is located in Rockport, TX. The organization was established in 1998. 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 12/2021, Holiday Beach Water Supply Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holiday Beach 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 12/2021, Holiday Beach Water Supply Corporation generated $544.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $389.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE POTABLE WATER SUPPLY TO TOWNS, CITIES, INDIVIDUALS, BUSINESSES MILITARY CAMPS, AND BASES IN AND AROUND ARANSAS COUNTY, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HBWSC PROVIDED APPROXIMATELY 27,810,350 GALLONS OF POTABLE WATER FOR APPROXIMATELY 694 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Adams VP | OfficerTrustee | 0.5 | $0 |
David Gill President | OfficerTrustee | 2.5 | $0 |
Bruce Davis Director | Trustee | 0.5 | $0 |
Ross Loeffler Director | Trustee | 0.5 | $0 |
Vincent Blanc Director | Trustee | 0.5 | $0 |
Ray Rodriguez Director | Trustee | 0.5 | $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 | $544,264 |
| Investment income | $48 |
| 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 | $544,312 |
| 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 | $102,569 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,742 |
| Information technology | $2,168 |
| Royalties | $0 |
| Occupancy | $16,237 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120 |
| Interest | $27,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $81,361 |
| Insurance | $13,734 |
| All other expenses | $5,885 |
| Total functional expenses | $389,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,026 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,320 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,133 |
| Prepaid expenses and deferred charges | $3,240 |
| Net Land, buildings, and equipment | $1,296,673 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,722,392 |
| Accounts payable and accrued expenses | $7,114 |
| 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 | $594,923 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,690 |
| Total liabilities | $688,727 |
| Net assets without donor restrictions | $1,033,665 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,722,392 |
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