South Murvaul Water Supply Corp
- Assets
- $259.4k
- Revenue
- $309.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Gary, TX
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 75-2751613
Organization Overview
South Murvaul Water Supply Corp is located in Gary, TX. The organization was established in 2003. 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 12/2023, South Murvaul Water Supply Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Murvaul Water Supply Corp 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, South Murvaul Water Supply Corp generated $309.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $310.4k during the year ending 12/2023. While expenses have increased by 1.4% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE COMMUNITY WATER SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION IS A COMMUNITY WATER SYSTEM WHICH PROVIDES WATER TO MEMBERS IN A LOCALIZED AREA. THERE ARE APPROXIMATELY 307 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 |
|---|---|---|---|
Theron Funk President | Officer | $0 | |
Nancy Imken Vice President | Officer | $0 | |
Valerie Jones Sec/treasurer | Officer | $0 | |
Henry Holeman Member | Trustee | $0 | |
Jim Young Member | Trustee | $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 | $296,846 |
| Investment income | $326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $309,172 |
| 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 | $28,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,165 |
| 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 | $13,408 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,043 |
| Travel | $935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,606 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,550 |
| Insurance | $5,599 |
| All other expenses | $209,883 |
| Total functional expenses | $310,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,294 |
| Savings and temporary cash investments | $27,675 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,921 |
| Net Land, buildings, and equipment | $109,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $259,361 |
| Accounts payable and accrued expenses | $635 |
| 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 | $375,277 |
| Unsecured mortgages and notes payable | $750 |
| Other liabilities | $43,880 |
| Total liabilities | $420,542 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,680 |
| Paid-in or capital surplus, or land, building, or equipment fund | $693,800 |
| Retained earnings, endowment, accumulated income, or other funds | -$858,661 |
| Total liabilities and net assets/fund balances | $259,361 |