M & L Water Supply Corporation
- Assets
- $385.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Weatherford, TX
- Founding
- 04/1986
- Data as of
- 12/2023
- EIN
- 75-2053183
Organization Overview
M & L Water Supply Corporation is located in Weatherford, TX. The organization was established in 1986. 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. M & L 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 12/2023, M & L Water Supply Corporation generated $127.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $130.2k during the year ending 12/2023. While expenses have increased by 4.3% 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDED POTABLE WATER TO ITS 171 CUSTOMERS AT LOWEST COST. ALL REVENUE IN EXCESS OF EXPENSES IS USED OR ACCUMULATED TO MAINTAIN FACILITIES AND CONTINUE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Fletcher President | 1 | $0 | |
Pete Haasch Officer | 1 | $0 | |
Jenny Barnwell Treasurer | 1 | $0 | |
Micah Ormon Secretary | 1 | $0 | |
Jamison M Hellums Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $122,866 |
| Membership dues | $0 |
| Investment income | $4,458 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $127,324 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,530 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $122,673 |
| Total expenses | $130,203 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,227 |
| Other assets | $0 |
| Total assets | $385,891 |
| Total liabilities | $0 |
| Net assets or fund balances | $385,891 |