Fort Gates Water Supply Corporation

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

EIN: 741600312 ✦ Gatesville, TX ✦ Designated as a 501(c)(12)

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Overview

What is Fort Gates Water Supply Corporation?

Fort Gates Water Supply Corporation is a public utilities organization, functioning as a nonprofit entity, situated in an undisclosed location. Its primary mission is to provide water to its members through various programs. As a water distributor, it plays a crucial role in ensuring a reliable water supply for its community, contributing to the overall well-being and sustainability of the area it serves.


Official website here: www.fortgateswsc.com

Is Fort Gates Water Supply Corporation legitimate?

Fort Gates Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fort Gates 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: $116,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,487

For more financial information, click here


Official website here: www.fortgateswsc.com

What is the mission statement of Fort Gates Water Supply Corporation?

Fort Gates Water Supply Corporation, functioning as a public utilities organization, is committed to providing water to its members. Through various programs, the corporation fulfills this mission, ensuring a reliable water supply for its members. The corporation's primary objective is to distribute water effectively, thereby serving its members' needs.


Official website here: www.fortgateswsc.com

Who is the CEO of Fort Gates Water Supply Corporation?

Justin Veazey is the Director of Fort Gates Water Supply Corporation.


Official website here: www.fortgateswsc.com

What is the revenue of Fort Gates Water Supply Corporation?

Fort Gates Water Supply Corporation's revenue in 2022 was $614,780.


Official website here: www.fortgateswsc.com

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

The average compensation at Fort Gates Water Supply Corporation during 2022 was $37,604. There are 5 employees at Fort Gates Water Supply Corporation.


Here are 7 key members and their salaries:


Dwaine Lee (Director)
  • Compensation: $99,975
  • Related: $0
  • Other: $0
Justin Veazey (President)
  • Compensation: $73,100
  • Related: $0
  • Other: $0
Cathy Truss (Treasurer)
  • Compensation: $300
  • Related: $0
  • Other: $0
Jerry Barton (Director)
  • Compensation: $300
  • Related: $0
  • Other: $0
Cecil Strickland (Vice President)
  • Compensation: $300
  • Related: $0
  • Other: $0
Richard Shelton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fortgateswsc.com

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

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


Official website here: www.fortgateswsc.com

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

Mission Statement of Fort Gates Water Supply Corporation

Fort Gates Water Supply Corporation, as a public utilities organization, is committed to distributing water to its members through various programs. Its mission, in essence, is to ensure an uninterrupted water supply to its members, thereby playing a vital role in their daily lives. The corporation's activities are geared towards providing this essential service, thereby earning it the classification of a public utilities organization.

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Impact




October, 2024

Fort Gates Water Supply Corporation plays a crucial role in ensuring the availability of clean and reliable water for its members in Gatesville, TX. By distributing water through various programs, the organization significantly enhances the quality of life for the community. Its commitment to providing essential water services directly supports public health, sanitation, and overall well-being.

As a public utilities organization, Fort Gates Water Supply Corporation addresses the fundamental need for water access, favoring community development and sustainability. The corporation's efforts contribute to economic stability by ensuring that residents and local businesses have the necessary water resources for daily operations. By prioritizing the needs of its members, Fort Gates Water Supply Corporation fosters a sense of community and trust, enabling the region to thrive.




This information is meant to be a general summary of Fort Gates 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
$614,780 (2022)
Expenses
$651,053 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $555
  • Program Service Revenue: $611,105
  • Gross Receipts: $614,840

Assets and Liabilities:

  • Total Assets: $1,585,526
  • Total Liabilities: $63,079
  • Net Assets: $1,522,447

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Programs

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

Fees & Contracts Gov Agencies

Revenue

$21,408

Water Connection Fees

Revenue

$11,800

Water Sales Revenue

Revenue

$577,897

Organization Details

Founding Year

1964

Principal Officer

Justin Veazey

Main Address

103 Gateway Circle, Gatesville, TX, 76528

NTEE Category

Code: W80 - Public benefit

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