Overview
What is Dripping Springs Water Supply Corporation?
Dripping Springs Water Supply Corporation is a locally-based nonprofit organization situated in Dripping Springs, Texas. Its primary mission is to deliver a reliable water supply service for both agricultural and domestic uses, catering to the community's residents. The corporation collects charges for this essential service, ensuring continuous water supply for daily activities. With a dedicated team of 15 employees, Dripping Springs Water Supply Corporation plays a significant role in maintaining the community's water infrastructure and providing essential resources for its residents.
Official website here: www.drippingspringswater.com
Is Dripping Springs Water Supply Corporation legitimate?
Dripping Springs Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Dripping Springs 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: $722,560
For more financial information, click here
Official website here: www.drippingspringswater.com
What is the mission statement of Dripping Springs Water Supply Corporation?
The Dripping Springs Water Supply Corporation's mission is centered around providing a reliable water supply service for both farming and domestic needs. This service is intended for the community residents in Dripping Springs, Texas. The corporation is also responsible for collecting charges associated with this service. In essence, their primary goal is to ensure a consistent water supply, catering to both agricultural and household needs, while managing the associated financial aspects.
Official website here: www.drippingspringswater.com
What is the revenue of Dripping Springs Water Supply Corporation?
Dripping Springs Water Supply Corporation's revenue in 2023 was $8,019,097.
Official website here: www.drippingspringswater.com
Who are the executives of Dripping Springs Water Supply Corporation and what are their salaries?
The average compensation at Dripping Springs Water Supply Corporation during 2023 was $65,687. There are 11 employees and 6 volunteers at Dripping Springs Water Supply Corporation.
Here are 7 key members and their salaries:
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- Compensation: $107,801
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- Compensation: $106,776
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- Other: $0
Official website here: www.drippingspringswater.com
Where can I find the form 990 for Dripping Springs Water Supply Corporation?
Dripping Springs Water Supply Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.drippingspringswater.com
Learn more at the official website: www.drippingspringswater.com
Mission Statement of Dripping Springs Water Supply Corporation
Dripping Springs Water Supply Corporation, a service-oriented entity, is committed to providing a reliable water supply for general farming and domestic purposes. This nonprofit organization operates with the primary objective of serving the needs of individuals residing in the community of Dripping Springs, Texas. They are responsible for delivering this essential resource, and in return, they collect charges for their service. The corporation's mission is to ensure a consistent water supply, which is crucial for both agricultural and domestic purposes, thereby contributing to the well-being of the community.
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Impact
October, 2024
Dripping Springs Water Supply Corporation plays a crucial role in providing essential water supply services to the community of Dripping Springs, Texas. By furnishing reliable water sources for general farming and domestic purposes, the organization supports the daily needs of residents, enhancing their quality of life. Access to clean and dependable water facilitates agriculture, contributes to public health, and fosters economic stability in the area. Furthermore, the structured service model allows for the collection of charges, ensuring the sustainability and maintenance of the water supply infrastructure, which ultimately benefits the entire community.
This information is meant to be a general summary of Dripping Springs 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 2023.
- Investment Income: $425,881
- Program Service Revenue: $7,591,983
- Gross Receipts: $8,019,097
Assets and Liabilities:
- Total Assets: $20,535,258
- Total Liabilities: $636,457
- Net Assets: $19,898,801
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALES
Revenue
$5,213,409
DEVELOPER & MEMBERSHIP
Revenue
$1,923,800
OTHER FEES & INSTALL
Revenue
$393,011
WASTEWATER COLLECTION
Revenue
$61,763
Organization Details
Founding Year
1964
Principal Officer
William Jackson
Website
www.drippingspringswater.comNTEE Category
Code: W80 - Public benefit
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