Overview
What is Madera Valley Water Supply Corporation?
Madera Valley Water Supply Corporation is a nonprofit organization situated in Verhalen, Texas. Its primary mission is to provide a reliable water supply, catering to both agricultural and domestic needs, for the local rural community and its surroundings. Serving over 600 residential households and 80 commercial establishments, this corporation operates with a dedicated team of seven individuals. Their goal is to ensure a consistent water source for farming activities and daily use within the rural area of Verhalen, Texas.
Is Madera Valley Water Supply Corporation legitimate?
Madera Valley Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Madera Valley 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: $81,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $275,865
For more financial information, click here
What is the mission statement of Madera Valley Water Supply Corporation?
The Madera Valley Water Supply Corporation's mission is centered around providing a reliable water supply. This service caters to both agricultural and domestic needs, benefiting the residents in a rural community and its surrounding areas. The corporation's primary objective is to ensure an adequate water supply for general farming activities and daily household needs. By doing so, it contributes to the livelihood and comfort of the local populace. The corporation serves over 619 residential accounts and 82 commercial accounts, demonstrating its commitment to meeting the water needs of its community.
What is the revenue of Madera Valley Water Supply Corporation?
Madera Valley Water Supply Corporation's revenue in 2023 was $904,562.
Who are the executives of Madera Valley Water Supply Corporation and what are their salaries?
The average compensation at Madera Valley Water Supply Corporation during 2023 was $51,081. There are 7 employees and 9 volunteers at Madera Valley Water Supply Corporation.
Here are 10 key members and their salaries:
- Compensation: $81,700
- Related: $0
- Other: $24,615
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Madera Valley Water Supply Corporation?
Madera Valley Water Supply Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Madera Valley Water Supply Corporation
Madera Valley Water Supply Corporation, a vital entity, is dedicated to fulfilling the necessities of its rural community. Its primary mission is to supply a dependable water source for both agricultural and domestic purposes to the residents of Verhalen, Texas, and its surrounding rural areas. This nonprofit organization plays a crucial role in ensuring that its community members have access to an essential resource, thereby contributing significantly to their daily lives. The corporation's activities are centered around providing rural water services, catering to over 619 residential accounts and 82 commercial accounts. This commitment to meeting the water needs of its community demonstrates Madera Valley Water Supply Corporation's dedication to enhancing the quality of life in its service area.
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Impact
October, 2024
Madera Valley Water Supply Corporation plays a crucial role in providing a reliable water supply for both general farm use and domestic needs in the rural community of Verhalen, Texas, and its surrounding areas. By serving over 619 residential accounts and 82 commercial accounts, the organization significantly contributes to the quality of life and agricultural productivity in this community. Access to a dependable water supply is vital for sustaining livelihoods, supporting local economies, and enhancing the overall well-being of residents. As a vital public service, Madera Valley Water Supply Corporation ensures that individuals and families in this rural area have the necessary resources to thrive and maintain their properties.
This information is meant to be a general summary of Madera Valley 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 2023.
- Investment Income: $40,399
- Program Service Revenue: $864,163
- Gross Receipts: $913,009
Assets and Liabilities:
- Total Assets: $4,196,294
- Total Liabilities: $67,785
- Net Assets: $4,128,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consulting
Revenue
$8,000
Dues
Revenue
$4,514
Water Sales
Revenue
$851,649
Organization Details
Founding Year
1967
Principal Officer
Meg Timmerman
NTEE Category
Code: W80 - Public benefit
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