Yancey Water Supply Corporation

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

EIN: 742000898 ✦ Yancey, TX ✦ Designated as a 501(c)(12)

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Overview

What is Yancey Water Supply Corporation?

Yancey Water Supply Corporation is a nonprofit organization situated in Yancey, Texas, dedicated to delivering a secure, dependable, and cost-effective source of drinking water to its local residents and the surrounding community. Their primary mission revolves around ensuring the availability of clean, safe water through their water sales program. This vital service ensures the well-being and hydration needs of the community are met.

Is Yancey Water Supply Corporation legitimate?

Yancey Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Yancey 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: $790,471

For more financial information, click here

What is the mission statement of Yancey Water Supply Corporation?

The Yancey Water Supply Corporation is dedicated to providing a safe, reliable, and economical source of drinking water to its community. This mission is achieved through the corporation's water sales program, ensuring that residents in the surrounding area have access to clean and affordable water. The corporation's primary goal is to meet the drinking water needs of its consumers, ensuring their health and well-being. The corporation's operations prioritize sustainability and efficiency, ensuring that water resources are used responsibly and that the service remains affordable for its customers.

Who is the CEO of Yancey Water Supply Corporation?

Frakie Kaufmann is the President of Yancey Water Supply Corporation.

What is the revenue of Yancey Water Supply Corporation?

Yancey Water Supply Corporation's revenue in 2022 was $7,876,576.

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

The average compensation at Yancey Water Supply Corporation during 2022 was $56,462. There are 14 employees at Yancey Water Supply Corporation.


Here are 9 key members and their salaries:


Frankie Kauffmann (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Marmor (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Faseler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Been (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nelson Boehme (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronny Heiligman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Crain (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deth Ralph (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Albert Tovar (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Yancey Water Supply Corporation?

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

Mission Statement of Yancey Water Supply Corporation

Yancey Water Supply Corporation is committed to delivering a dependable, economical, and safe supply of drinking water to the residents in Yancey and its surrounding areas. Established with this mission, the corporation focuses on providing an essential resource that ensures the well-being of its community members. Through its water sales program, Yancey Water Supply Corporation ensures that the residents in its coverage area have access to clean and drinkable water, meeting their daily needs while keeping the cost affordable. By prioritizing safety, reliability, and affordability, Yancey Water Supply Corporation demonstrates its dedication to the well-being of the people it serves.

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Impact




October, 2024

Yancey Water Supply Corporation plays a crucial role in ensuring that the residents of Yancey, Texas, and its neighboring areas have access to safe, reliable, and economical drinking water. By providing this essential resource, the corporation supports the health and well-being of the community, contributing to a higher quality of life for its residents. The focus on safety and reliability in water supply is vital for both everyday living and public health, fostering a sense of trust among the community members. Additionally, by offering economical solutions, Yancey Water Supply Corporation helps to alleviate financial burdens associated with water access, making it more affordable for households in the area. This impact extends beyond just water provision; it enhances community resilience and supports sustainable living in Yancey and its surroundings.




This information is meant to be a general summary of Yancey 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
$7,876,576 (2022)
Expenses
$3,750,916 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $50,329
  • Program Service Revenue: $5,093,967
  • Gross Receipts: $7,876,576

Assets and Liabilities:

  • Total Assets: $28,131,596
  • Total Liabilities: $4,118,766
  • Net Assets: $24,012,830

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Programs

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

WATER SALES

Revenue

$5,093,967

Organization Details

Founding Year

1979

Principal Officer

Frakie Kaufmann

Main Address

P O BOX 127, YANCEY, TX, 78886

NTEE Category

Code: W80 - Public benefit

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