Overview
What is Salado Water Supply Corporation?
Salado Water Supply Corporation is a public utility, situated in Salado, Texas. Its primary purpose is to ensure the availability of treated water for its members. As a community-oriented entity, its mission revolves around providing this essential service, which is vital for daily living and health. The corporation operates with a commitment to meeting the water needs of its members, thereby contributing significantly to the well-being of the Salado community.
Is Salado Water Supply Corporation legitimate?
Salado Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Salado 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: $187,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,640
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What is the mission statement of Salado Water Supply Corporation?
The Salado Water Supply Corporation, serving as a public utility, is committed to providing treated service water to its members. Its primary mission is to ensure the availability of clean and safe water to its constituents, fulfilling their essential water needs. The corporation strives to uphold high standards of water treatment and distribution, ensuring the well-being and satisfaction of its members. Additionally, it aims to maintain a reliable and efficient water supply system, responding promptly to any challenges or concerns that may arise.
Who is the CEO of Salado Water Supply Corporation?
Rick Morris is the Oper Manager of Salado Water Supply Corporation.
What is the revenue of Salado Water Supply Corporation?
Salado Water Supply Corporation's revenue in 2022 was $3,307,195.
Who are the executives of Salado Water Supply Corporation and what are their salaries?
The average compensation at Salado Water Supply Corporation during 2022 was $55,549. There are 13 employees at Salado Water Supply Corporation.
Here are 10 key members and their salaries:
- Compensation: $187,500
- Related: $0
- Other: $0
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- 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
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Salado Water Supply Corporation?
Salado Water Supply Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Salado Water Supply Corporation
Salado Water Supply Corporation, as a public utility, is committed to delivering treated service water to its members. In essence, its mission is to ensure a reliable water supply, adequately treated to meet the needs of its constituents. By fulfilling this objective, the corporation plays an essential role in maintaining the health, sanitation, and daily livelihoods of its community members.
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Impact
October, 2024
Salado Water Supply Corporation plays a vital role in the Salado community by delivering treated service water to its members. As a public utility, it ensures that residents have access to safe and reliable drinking water, which is essential for health, sanitation, and quality of life.
By maintaining a consistent supply of treated water, Salado Water Supply Corporation supports community growth, development, and sustainability. Its services contribute to the overall well-being of residents and help foster a thriving environment where families and businesses can flourish. The corporation's commitment to providing high-quality water resources enhances public health and promotes responsible water usage among its members. Through its mission, Salado Water Supply Corporation exemplifies a strong dedication to community service and public benefit in Salado, TX.
This information is meant to be a general summary of Salado 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: $71,148
- Program Service Revenue: $3,214,534
- Gross Receipts: $3,321,133
Assets and Liabilities:
- Total Assets: $17,968,991
- Total Liabilities: $7,178,498
- Net Assets: $10,790,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALES
Revenue
$2,992,563
INSTALLATION FEES
Revenue
$135,400
TAP FEES
Revenue
$58,100
LATE CHARGES
Revenue
$28,471
Organization Details
Founding Year
1971
Phone
(254) 947-5425Principal Officer
Rick Morris
Main Address
P O BOX 128, SALADO, TX, 76571
NTEE Category
Code: W80 - Public benefit
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