Overview
What is Bold Springs Water Supply Corporation?
Bold Springs Water Supply Corporation is a nonprofit organization situated in West, Texas. Their primary mission is to provide essential water services to 750 rural residents and businesses, adhering to their exempt purpose. With a small workforce of three individuals, they strive to meet the water needs of their community effectively. The corporation's operations are centered around delivering clean and reliable water resources, ensuring the well-being and comfort of the residents and businesses they serve.
Is Bold Springs Water Supply Corporation legitimate?
Bold Springs Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Bold Springs 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: $13,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,186
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What is the mission statement of Bold Springs Water Supply Corporation?
The Bold Springs Water Supply Corporation's mission is centered around providing essential water services. This includes catering to the needs of rural residents and businesses, ensuring they have access to this vital resource. In line with its exempt purpose, the corporation successfully served 750 rural residents and businesses, demonstrating its commitment to this mission. The corporation's activities primarily revolve around delivering safe and reliable water service, contributing to the overall well-being and comfort of the rural communities it serves.
Who is the CEO of Bold Springs Water Supply Corporation?
David Snipes is the President of Bold Springs Water Supply Corporation.
What is the revenue of Bold Springs Water Supply Corporation?
Bold Springs Water Supply Corporation's revenue in 2022 was $1,106,049.
Who are the executives of Bold Springs Water Supply Corporation and what are their salaries?
The average compensation at Bold Springs Water Supply Corporation during 2022 was $27,824. There are 3 employees at Bold Springs Water Supply Corporation.
Here are 9 key members and their salaries:
- Compensation: $5,275
- Related: $0
- Other: $0
- Compensation: $2,725
- Related: $0
- Other: $0
- Compensation: $1,832
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,454
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bold Springs Water Supply Corporation?
Bold Springs Water Supply Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bold Springs Water Supply Corporation
Bold Springs Water Supply Corporation is dedicated to serving the water needs of rural residents and businesses. This nonprofit organization's mission is to provide reliable water services, ensuring that the communities it serves have access to a vital resource. The corporation fulfilled its purpose by supplying water to 750 rural households and businesses, demonstrating its commitment to its mission. By delivering water services, Bold Springs Water Supply Corporation contributes to the well-being and sustainability of the rural communities it serves.
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Impact
October, 2024
Bold Springs Water Supply Corporation plays a crucial role in delivering essential water services to 750 rural residents and businesses in West, Texas. By ensuring access to clean and reliable water, the corporation supports the daily needs of the community, enhancing quality of life and promoting public health. Its dedicated mission to provide this vital resource contributes to the sustainability and growth of the area, enabling businesses to thrive and families to have a dependable supply of water for various needs. Overall, the impact of Bold Springs Water Supply Corporation is significant, fostering a healthier, more connected community while addressing the critical issue of water accessibility in rural settings.
This information is meant to be a general summary of Bold Springs 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,538
- Program Service Revenue: $1,098,511
- Gross Receipts: $1,106,049
Assets and Liabilities:
- Total Assets: $5,403,057
- Total Liabilities: $2,145,052
- Net Assets: $3,258,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALES
Revenue
$783,930
CONNECT FEES
Revenue
$199,633
LATE CHARGES
Revenue
$12,515
OTHER FEES
Revenue
$102,433
Organization Details
Founding Year
1950
Phone
(254) 826-3947Principal Officer
David Snipes
Main Address
PO BOX 427, WEST, TX, 76691
NTEE Category
Code: W80 - Public benefit
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