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Loop 360 Water Supply Corporation

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

EIN: 742337259 ✦ Austin, TX ✦ Designated as a 501(c)(12)

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Overview

What is Loop 360 Water Supply Corporation?

Loop 360 Water Supply Corporation is a nonprofit organization that primarily focuses on providing water supply services to its members. This essential utility ensures a steady flow of water to its constituents, contributing significantly to their daily lives. The corporation operates with a mission to deliver reliable and sustainable water supply solutions, thereby enhancing the quality of life for its members. The organization's activities are centered around this core mission, ensuring a consistent and uninterrupted water supply.


Official website here: www.loop360water.com

Is Loop 360 Water Supply Corporation legitimate?

Loop 360 Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Loop 360 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: $10,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,850

For more financial information, click here


Official website here: www.loop360water.com

What is the mission statement of Loop 360 Water Supply Corporation?

The Loop 360 Water Supply Corporation is dedicated to providing water supply services to its members. Its primary mission is to ensure a reliable water supply, catering to the needs of its members. The organization strives to maintain the quality and availability of water, ensuring it meets the requirements of its members. Additionally, the corporation may also engage in activities related to the management and maintenance of its water supply system. However, the provided information does not provide specific details about these additional activities.


Official website here: www.loop360water.com

Who is the CEO of Loop 360 Water Supply Corporation?

Marvin Bendele is the President of Loop 360 Water Supply Corporation.


Official website here: www.loop360water.com

What is the revenue of Loop 360 Water Supply Corporation?

Loop 360 Water Supply Corporation's revenue in 2023 was $2,484,076.


Official website here: www.loop360water.com

Who are the executives of Loop 360 Water Supply Corporation and what are their salaries?

There 5 volunteers at Loop 360 Water Supply Corporation.


Here are 5 key members and their salaries:


Marvin Bendele (President)
  • Compensation: $2,850
  • Related: $0
  • Other: $0
Nick Tsourmas (Secretary)
  • Compensation: $2,700
  • Related: $0
  • Other: $0
Glenn West (Vice President)
  • Compensation: $2,250
  • Related: $0
  • Other: $0
Richard Sieling (Treasurer)
  • Compensation: $3,150
  • Related: $0
  • Other: $0
Ross Cummings (Director)
  • Compensation: $2,850
  • Related: $0
  • Other: $0


Official website here: www.loop360water.com

Where can I find the form 990 for Loop 360 Water Supply Corporation?

Loop 360 Water Supply Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.loop360water.com

Learn more at the official website: www.loop360water.com

Mission Statement of Loop 360 Water Supply Corporation

Loop 360 Water Supply Corporation is dedicated to providing water supply services to its members. At the heart of its operations, the organization ensures that its members have access to a reliable water supply. This mission is clearly stated in its descriptions, where it is emphasized that Loop 360 Water Supply Corporation is committed to furnishing water to its members. The organization's activities are centered around this mission, providing water supply to its members in an unspecified location. The organization's unwavering commitment to its mission is evident in its straightforward and consistent descriptions of its activities, which focus on providing water supply services.

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Impact




October, 2024

Loop 360 Water Supply Corporation plays a vital role in providing essential water supply services to its members in Austin, Texas. This organization ensures that residents have reliable access to clean water, which is crucial for daily living and sustenance. By supplying water, Loop 360 supports the health and well-being of the community, contributing to overall quality of life. In an area where water is a fundamental resource, the corporation's efforts help foster a stable environment for families and businesses alike, facilitating growth and development in the region.




This information is meant to be a general summary of Loop 360 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
$2,484,076 (2023)
Expenses
$1,843,355 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $34,001
  • Program Service Revenue: $2,406,672
  • Gross Receipts: $2,484,076

Assets and Liabilities:

  • Total Assets: $8,039,284
  • Total Liabilities: $1,792,291
  • Net Assets: $6,246,993

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Programs

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

Water Sales

Revenue

$2,183,827

Capital Improvement Fee

Revenue

$222,845

Organization Details

Founding Year

1984

Principal Officer

Marvin Bendele

Main Address

500 Capital of Texas Highway North, Austin, TX, 78746

NTEE Category

Code: K20 - Food

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