Kentuckytown Water Supply Corporation

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

EIN: 741705672 ✦ Tom bean, TX ✦ Designated as a 501(c)(12)

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Overview

What is Kentuckytown Water Supply Corporation?

Kentuckytown Water Supply Corporation is a small nonprofit organization, located in Tom Bean, Texas. With just two employees, their primary mission is to provide fresh water to their members at the most affordable price possible. They achieve this by operating a distribution system that ensures a consistent supply of clean water to their community members, who are also their owners. The corporation's activities are centered around this fundamental goal of water provision, ensuring the well-being and satisfaction of its members.

Is Kentuckytown Water Supply Corporation legitimate?

Kentuckytown Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Kentuckytown 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: $43,905

For more financial information, click here

What is the mission statement of Kentuckytown Water Supply Corporation?

The Kentuckytown Water Supply Corporation's primary mission is to ensure its members have access to fresh water. This is achieved through the corporation's distribution system. In essence, the corporation's main objective is to provide its members with clean water at the most affordable price possible. The corporation's activities are centered around maintaining and expanding its water distribution system to ensure a consistent supply of fresh water to its members. The corporation's operations aim to prioritize the needs of its members, ensuring they have a reliable and affordable water supply.

Who is the CEO of Kentuckytown Water Supply Corporation?

Earl Chesser is the President of Kentuckytown Water Supply Corporation.

What is the revenue of Kentuckytown Water Supply Corporation?

Kentuckytown Water Supply Corporation's revenue in 2022 was $834,103.

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

The average compensation at Kentuckytown Water Supply Corporation during 2022 was $21,952. There are 2 employees at Kentuckytown Water Supply Corporation.


Here are 5 key members and their salaries:


Lanoel Bond (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Byers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Earl Chesser (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Southerland (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Don Williams (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kentuckytown Water Supply Corporation?

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

Mission Statement of Kentuckytown Water Supply Corporation

Kentuckytown Water Supply Corporation, as a mission-driven entity, is dedicated to supplying its members with fresh water. It achieves this goal through the operation of a comprehensive distribution system. The corporation's primary objective is to provide this essential resource at the most affordable price possible. By doing so, Kentuckytown Water Supply Corporation seeks to ensure that its members have access to clean water, a fundamental necessity for daily life.

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Impact




October, 2024

Kentuckytown Water Supply Corporation plays a crucial role in the community by delivering fresh water to its members in Tom Bean, Texas. By operating a dedicated distribution system, the organization ensures that residents have access to clean drinking water, which is essential for health, sanitation, and overall quality of life.

The corporation is committed to providing this vital resource at the lowest possible cost, making it both accessible and affordable for its members. This focus on affordability contributes to the well-being of the community by alleviating financial burdens related to water expenses.

Furthermore, Kentuckytown Water Supply Corporation's efforts enhance public benefit by fostering a reliable and sustainable water supply, which supports local development and promotes a healthier environment for all residents. Through its work, the corporation is instrumental in ensuring the availability of a fundamental resource that underpins both individual welfare and community resilience.




This information is meant to be a general summary of Kentuckytown 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
$834,103 (2022)
Expenses
$518,828 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $261
  • Program Service Revenue: $833,842
  • Gross Receipts: $834,103

Assets and Liabilities:

  • Total Assets: $4,115,199
  • Total Liabilities: $17,256
  • Net Assets: $4,097,943

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Programs

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

WATER SALES

Revenue

$630,890

IMPACT FEES

Revenue

$121,550

OTHER REVENUE

Revenue

$51,702

INSTALLATIONS

Revenue

$29,700

Organization Details

Founding Year

1975

Principal Officer

Earl Chesser

Main Address

PO BOX 99, TOM BEAN, TX, 75489

NTEE Category

Code: W80 - Public benefit

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