Milano Water Supply Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 741542510 ✦ Milano, TX ✦ Designated as a 501(c)(12)

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Overview

What is Milano Water Supply Corporation?

The Milano Water Supply Corporation is a nonprofit organization situated in Milano, Texas. Their primary mission is to ensure the availability of clean drinking water for individuals and businesses in rural areas not served by municipal water systems. They cater to approximately 1,262 members within their community, providing them with potable well water. The corporation operates with a team of nine dedicated individuals.


Official website here: www.milanowsc.com

Is Milano Water Supply Corporation legitimate?

Milano Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Milano Water Supply Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,779

For more financial information, click here


Official website here: www.milanowsc.com

What is the mission statement of Milano Water Supply Corporation?

The Milano Water Supply Corporation's mission is centered around providing potable water to approximately 1,262 rural members. In simpler terms, this organization strives to ensure a reliable source of clean water for both individuals and businesses in rural areas that are not serviced by municipal water systems. The corporation's primary activity revolves around supplying well water, contributing to the overall well-being and sanitation needs of these rural communities.


Official website here: www.milanowsc.com

Who is the CEO of Milano Water Supply Corporation?

Kevin Terry is the President of Milano Water Supply Corporation.


Official website here: www.milanowsc.com

What is the revenue of Milano Water Supply Corporation?

Milano Water Supply Corporation's revenue in 2022 was $1,186,170.


Official website here: www.milanowsc.com

Who are the executives of Milano Water Supply Corporation and what are their salaries?

The average compensation at Milano Water Supply Corporation during 2022 was $35,642. There are 9 employees at Milano Water Supply Corporation.


Here are 9 key members and their salaries:


Kevin Terry (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Westbrook (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Jackson (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Gage (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lonnie Graves (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virgil Hurt (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Kelley (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Pruett (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Telg (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.milanowsc.com

Where can I find the form 990 for Milano Water Supply Corporation?

Milano Water Supply Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.milanowsc.com

Learn more at the official website: www.milanowsc.com

Mission Statement of Milano Water Supply Corporation

Milano Water Supply Corporation, a nonprofit organization, is committed to providing potable water to approximately 1,262 rural members. Their mission is to ensure that individuals and businesses in rural areas, not serviced by municipal water systems, have access to clean, safe water. By offering potable well water, Milano Water Supply Corporation plays a vital role in maintaining the health and well-being of its community members.

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Impact




October, 2024

Milano Water Supply Corporation plays a vital role in ensuring access to clean and potable water for approximately 1,262 rural members in Milano, Texas. By providing essential water services to individuals and businesses in areas not serviced by municipal water systems, the organization addresses a critical gap in water supply for these communities. Their commitment to delivering reliable well water not only supports public health but also enhances the quality of life for residents, enabling economic and social activities to flourish in rural settings. This ensures that families and local businesses can thrive, making the Milano Water Supply Corporation a cornerstone of community well-being and sustainability.




This information is meant to be a general summary of Milano Water Supply Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,186,170 (2022)
Expenses
$866,214 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $33,438
  • Program Service Revenue: $1,065,380
  • Gross Receipts: $1,186,170

Assets and Liabilities:

  • Total Assets: $2,701,927
  • Total Liabilities: $515,450
  • Net Assets: $2,186,477

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

METERED WATER SALES

Revenue

$844,286

CONSTRUCTION CONTRIBUT

Revenue

$134,034

TAP AND EQUITY FEES

Revenue

$45,600

PENALTY AND LATE FEES

Revenue

$12,437

POST OAK FEE

Revenue

$11,438

Organization Details

Founding Year

1964

Principal Officer

Kevin Terry

Main Address

PO BOX 181, MILANO, TX, 76556

NTEE Category

Code: W80 - Public benefit

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