Overview
What is Pennington Water Supply Corporation?
Pennington Water Supply Corporation, established in 1967, is a nonprofit organization based in Pennington, Texas. Their primary mission is to offer essential water services to rural households and facilities, ensuring a reliable water supply in the area. Operating under the Texas Non-Profit Corporation Act, the Corporation employs a team of three individuals, dedicated to meeting the community's water needs.
Is Pennington Water Supply Corporation legitimate?
Pennington Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pennington 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $47,243
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What is the mission statement of Pennington Water Supply Corporation?
The Pennington Water Supply Corporation, established in 1967, operates in compliance with the Texas Non-Profit Corporation Act. Its primary mission is to provide essential water services to rural families and facilities. The corporation's operations are guided by the provisions of Article 1396A, Section 5.02, with a focus on delivering water services to rural communities, thereby contributing to their daily needs and facilities.
Who is the CEO of Pennington Water Supply Corporation?
Wade Ray is the President of Pennington Water Supply Corporation.
What is the revenue of Pennington Water Supply Corporation?
Pennington Water Supply Corporation's revenue in 2022 was $681,563.
Who are the executives of Pennington Water Supply Corporation and what are their salaries?
The average compensation at Pennington Water Supply Corporation during 2022 was $15,748. There are 3 employees at Pennington Water Supply Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Pennington Water Supply Corporation?
Pennington Water Supply Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pennington Water Supply Corporation
Pennington Water Supply Corporation, established in 1967, serves a crucial role in providing water services to rural families and facilities. The organization was established in compliance with the provisions of Article 1396A, Section 5.02 of the Texas Non-Profit Corporation Act. Its mission is centered around delivering essential water resources to rural communities, ensuring their basic needs are met. The Corporation's activities are geared towards enhancing the livelihoods of these rural families and facilities, by providing them with a reliable water supply.
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Impact
October, 2024
Pennington Water Supply Corporation has a significant impact on the community by providing essential water services to rural families and facilities since 1967. Operating in Pennington, TX, the Corporation ensures access to clean and reliable water, which is vital for health and quality of life. By meeting the needs of its rural clientele, it plays a crucial role in supporting local families and businesses, fostering community development, and enhancing public health. The Corporation's commitment to delivering these services contributes to the overall well-being of the area and makes a positive difference in the lives of its residents.
This information is meant to be a general summary of Pennington 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 2022.
- Investment Income: $6,992
- Program Service Revenue: $625,571
- Gross Receipts: $681,563
Assets and Liabilities:
- Total Assets: $1,474,435
- Total Liabilities: $116,254
- Net Assets: $1,358,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Water Sales and Fees
Revenue
$625,571
Organization Details
Founding Year
1967
Phone
(936) 638-4411Principal Officer
Wade Ray
Main Address
PO Box 15, Pennington, TX, 75856
NTEE Category
Code: W80 - Public benefit
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