Multi-County Water Supply Corp

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

EIN: 742146767 ✦ Gatesville, TX ✦ Designated as a 501(c)(12)

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Overview

What is Multi-County Water Supply Corp?

Multi-County Water Supply Corp is a nonprofit corporation situated in Gatesville, Texas. Its primary mission is to supply water to rural communities, serving approximately 1300 active customers at the end of the year. This organization is dedicated to ensuring a reliable water supply for its rural clientele, contributing to the overall well-being and sustainability of the communities it serves. With a small workforce of four individuals, the corporation plays a crucial role in meeting the water needs of its rural customers.

Is Multi-County Water Supply Corp legitimate?

Multi-County Water Supply Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Multi-County Water Supply Corp 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: $112,202
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,130

For more financial information, click here

What is the mission statement of Multi-County Water Supply Corp?

The Multi-County Water Supply Corp is dedicated to serving rural water users. Their primary mission is to provide these communities with necessary water resources. At the end of the year, they catered to approximately 1300 active customers. Their activities revolve around ensuring a reliable water supply for these rural areas. The corporation's mission does not extend beyond providing water services to its customer base. While they do not conduct research or advocate for specific causes, they play a crucial role in maintaining water accessibility in their designated rural areas.

Who is the CEO of Multi-County Water Supply Corp?

Kyle Matthews is the President of Multi-County Water Supply Corp.

What is the revenue of Multi-County Water Supply Corp?

Multi-County Water Supply Corp's revenue in 2022 was $1,146,717.

Who are the executives of Multi-County Water Supply Corp and what are their salaries?

The average compensation at Multi-County Water Supply Corp during 2022 was $40,583. There are 4 employees at Multi-County Water Supply Corp.


Here are 14 key members and their salaries:


Denton S Dick (Operator)
  • Compensation: $70,461
  • Related: $0
  • Other: $0
Katherine M Timmons (Manager)
  • Compensation: $41,741
  • Related: $0
  • Other: $0
Crystal Scott ()
  • Compensation: $30,500
  • Related: $0
  • Other: $0
Jacob A Tombaugh ()
  • Compensation: $12,430
  • Related: $0
  • Other: $0
William Forman Jr ()
  • Compensation: $7,200
  • Related: $0
  • Other: $0
Jimmy Wood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Cassens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Roberts (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Matthews (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neta Lesjak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Guinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Dickie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Royce Rhoades (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorothy Schoedel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Multi-County Water Supply Corp?

Multi-County Water Supply Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Multi-County Water Supply Corp

Multi-County Water Supply Corp, as depicted in the provided information, is an organization committed to serving rural water users. Its primary mission is to ensure a consistent water supply for its approximately 1300 active customers at year's end. This corporation operates with a goal to meet the water needs of its rural clientele, thereby contributing to their overall well-being and everyday living.

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Impact




October, 2024

Multi-County Water Supply Corp plays a crucial role in providing essential water services to rural areas, significantly impacting the community of Gatesville, Texas. With approximately 1,300 active customers, the Corporation ensures that residents have access to a reliable water supply, enhancing their quality of life and supporting everyday activities. By serving rural water users, the organization addresses a critical need often overlooked in less populated regions. This access to water not only supports individual households but also fosters community growth and stability, promoting healthier living conditions and potentially attracting new residents and businesses to the area. Overall, Multi-County Water Supply Corp is a vital resource, underscoring the importance of reliable water access for the welfare of rural communities.




This information is meant to be a general summary of Multi-County Water Supply Corp. 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
$1,146,717 (2022)
Expenses
$949,693 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $287
  • Gross Receipts: $1,856,193

Assets and Liabilities:

  • Total Assets: $4,772,452
  • Total Liabilities: $1,199,147
  • Net Assets: $3,573,305

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Organization Details

Principal Officer

Kyle Matthews

Main Address

PO BOX 1006, GATESVILLE, TX, 76528

NTEE Category

Code: W80 - Public benefit

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