Files Valley Water Supply Corporation

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

EIN: 741691105 ✦ Itasca, TX ✦ Designated as a 501(c)(12)

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Overview

What is Files Valley Water Supply Corporation?

Files Valley Water Supply Corporation is a public utilities organization, situated in the realm of rural water supply. Their primary focus is on executing programs centered around the Rural Water Supply Corporation. As a nonprofit entity, their mission is to ensure an adequate water supply in rural areas, thereby enhancing the quality of life for the communities they serve.

Is Files Valley Water Supply Corporation legitimate?

Files Valley Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Files 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Files Valley Water Supply Corporation?

The Files Valley Water Supply Corporation functions as a public utilities organization, with its primary mission being to deliver rural water supply. Their operational focus largely centers around the Rural Water Supply Corporation. The corporation's purpose is to ensure the provision of clean water to rural areas, thereby enhancing access to this essential resource for these communities. Through their initiatives, they contribute to improving the living conditions and overall well-being of people residing in rural areas. The corporation's activities are geared towards ensuring a consistent and reliable water supply, essential for daily life and health.

Who is the CEO of Files Valley Water Supply Corporation?

Dwight Lloyd is the Director of Files Valley Water Supply Corporation.

What is the revenue of Files Valley Water Supply Corporation?

Files Valley Water Supply Corporation's revenue in 2023 was $3,683,437.

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


Here are 10 key members and their salaries:


Todd Bons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donnie Jennings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cole Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brayden Hawkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcdonald (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Crawford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Ast (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dwight Lloyd (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Strona (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rodney Schronk (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Files Valley Water Supply Corporation?

Files Valley Water Supply Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Files Valley Water Supply Corporation

Files Valley Water Supply Corporation, functioning as a public utilities organization, is dedicated to serving its mission of providing rural water supply. This mission is primarily achieved through the initiatives of the Rural Water Supply Corporation, which is the cornerstone of their operations. The corporation's primary focus is on ensuring a steady and clean water supply for the rural communities it serves, contributing to their overall well-being and sustainability.

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Impact




October, 2024

Files Valley Water Supply Corporation plays a vital role in ensuring access to clean and reliable water for rural communities in and around Itasca, Texas. By focusing on the provision of water supply, the organization addresses a critical need for residents who may otherwise face challenges in accessing this essential resource. Their initiatives contribute to public health, enhance quality of life, and support economic development in the region.

Through its dedicated programs, Files Valley Water Supply Corporation helps to improve water infrastructure, ensuring that households and businesses receive necessary water services. This commitment not only promotes sustainability but also fosters community resilience, enabling residents to thrive in a healthy environment. Overall, the corporation's efforts significantly enhance the well-being of the rural population by prioritizing equitable access to water resources.




This information is meant to be a general summary of Files 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.

Revenue
$3,683,437 (2023)
Expenses
$1,916,385 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $23,502
  • Program Service Revenue: $3,646,235
  • Gross Receipts: $3,683,437

Assets and Liabilities:

  • Total Assets: $12,792,216
  • Total Liabilities: $4,462,636
  • Net Assets: $8,329,580

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Programs

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

WATER SALES

Revenue

$1,793,563

DEMAND FEES

Revenue

$1,616,350

CONNECTION, TAP & INST

Revenue

$124,500

LATE CHARGES

Revenue

$64,350

MISCELLANEOUS

Revenue

$47,472

Organization Details

Founding Year

1971

Principal Officer

Dwight Lloyd

Main Address

PO BOX 127, ITASCA, TX, 76055

NTEE Category

Code: W80 - Public benefit

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