Spring Valley Water Supply

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

EIN: 741603363 ✦ Waco, TX ✦ Designated as a 501(c)(12)

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Overview

What is Spring Valley Water Supply?

Spring Valley Water Supply is a nonprofit organization based in Waco, Texas, with a postal address at P O Box 20246. Its primary mission is to deliver water service to rural residences and businesses in the vicinity of Lorena, Texas. The organization serves approximately 850 connections and provides an average of 9,186,600 gallons of water usage monthly, totaling 110,239,200 gallons annually. Spring Valley Water Supply operates under the supervision of the Texas Commission on Environmental Quality, ensuring compliance with and exceeding the required standards for water quality.


Official website here: www.springvalleywatersupply.com

Is Spring Valley Water Supply legitimate?

Spring Valley Water Supply is a legitimate nonprofit organization registered as a 501(c)(12) entity. Spring Valley Water Supply 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: $0

For more financial information, click here


Official website here: www.springvalleywatersupply.com

What is the mission statement of Spring Valley Water Supply?

Spring Valley Water Supply is committed to providing water service to rural customers. This organization operates with a mission to ensure the delivery of clean and adequate water to both residential and commercial entities in the vicinity. Under the supervision of the Texas Commission on Environmental Quality, Spring Valley Water Supply ensures that its operations meet and surpass the required standards for water quality. Serving approximately 850 connections, the organization provides an average of 9,186,600 gallons of water usage monthly, amounting to an annual total of 110,239,200 gallons.


Official website here: www.springvalleywatersupply.com

Who is the CEO of Spring Valley Water Supply?

Larry Hobbs is the President of Spring Valley Water Supply.


Official website here: www.springvalleywatersupply.com

What is the revenue of Spring Valley Water Supply?

Spring Valley Water Supply's revenue in 2022 was $1,040,955.


Official website here: www.springvalleywatersupply.com

Who are the executives of Spring Valley Water Supply and what are their salaries?

There 7 volunteers at Spring Valley Water Supply.


Here are 7 key members and their salaries:


Larry Hobbs (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zandy Goode (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bert Hernandez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrell Bledsoe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Morrison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerald Theut (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Grigsby (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.springvalleywatersupply.com

Where can I find the form 990 for Spring Valley Water Supply?

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


Official website here: www.springvalleywatersupply.com

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

Mission Statement of Spring Valley Water Supply

Spring Valley Water Supply, as a nonprofit organization, is dedicated to providing water service to rural communities. Its mission is centered around supplying this essential resource to homes and businesses located near Lorena, Texas. The organization serves approximately 850 connections, ensuring a consistent water supply, with an average monthly usage of 9,186,600 gallons. Over the course of a year, this amounts to a total of 110,239,200 gallons. Spring Valley Water Supply operates under the watchful eye of the Texas Commission on Environmental Quality, adhering to and surpassing the necessary standards for water quality. This commitment to maintaining high-quality water ensures the well-being of the rural communities it serves.

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Impact




October, 2024

Spring Valley Water Supply plays a crucial role in ensuring access to safe and reliable water for rural customers in the Lorena, Texas area. By delivering water service to approximately 850 connections, the organization effectively supports both residential and business needs, contributing to the well-being of the community.

The system provides an impressive average of 9,186,600 gallons of water each month, totaling around 110,239,200 gallons annually. This volume is essential for sustaining everyday activities and promoting a healthy living environment for residents and businesses alike.

Operating under the oversight of the Texas Commission on Environmental Quality, Spring Valley Water Supply ensures compliance with water quality standards, consistently meeting or exceeding regulatory requirements. This commitment to high-quality service reinforces the organization's vital position in the rural landscape, serving as a reliable provider that positively impacts public health and quality of life in the area.




This information is meant to be a general summary of Spring Valley Water Supply. 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
$1,040,955 (2022)
Expenses
$836,824 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $28,531
  • Program Service Revenue: $1,009,679
  • Gross Receipts: $1,040,955

Assets and Liabilities:

  • Total Assets: $5,488,603
  • Total Liabilities: $2,362,754
  • Net Assets: $3,125,849

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Programs

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

WATER REVENUE

Revenue

$939,589

WATER TAPS & INSTALLAT

Revenue

$55,785

LATE FEES

Revenue

$12,405

WATER SYSTEM MEMBERSHI

Revenue

$1,900

Organization Details

Founding Year

1964

Principal Officer

Larry Hobbs

Main Address

P O BOX 20246, WACO, TX, 76702

NTEE Category

Code: W80 - Public benefit

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