The Coves Water Supply Corp

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

EIN: 742798735 ✦ Spicewood, TX ✦ Designated as a 501(c)(12)

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Overview

What is The Coves Water Supply Corp?

The Coves Water Supply Corp is a nonprofit organization committed to supplying water services within a specific service area. Currently, they serve 133 connections, and their mission is to extend this service to The Reserve at Lake Travis development, anticipated to include around 250 new residential customers upon completion. Their primary objective is to furnish water to households, with an estimated impact of approximately 200 homes once the expansion is complete. The organization is structured and operates with this mission in mind.

Is The Coves Water Supply Corp legitimate?

The Coves Water Supply Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. The Coves 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Coves Water Supply Corp?

The Coves Water Supply Corp's primary mission is to provide water services. Currently, they cater to around 133 homes. The corporation has plans to expand its service area, aiming to serve approximately 250 new households in the future, once the development at Lake Travis is fully built. Established with the purpose of supplying water within a specific service area, the corporation's objective remains to ensure a steady water supply for the homes it serves.

Who is the CEO of The Coves Water Supply Corp?

Stanley T Polak is the President of The Coves Water Supply Corp.

What is the revenue of The Coves Water Supply Corp?

The Coves Water Supply Corp's revenue in 2022 was $262,057.

Who are the executives of The Coves Water Supply Corp and what are their salaries?


Here are 7 key members and their salaries:


Olle Lorehn (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Johnson (Tresurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
T Pat Harrison (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley T Polak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Cirinna (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Scardaville (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Coves Water Supply Corp?

The Coves Water Supply Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Coves Water Supply Corp

The Coves Water Supply Corp is an organization dedicated to providing water services. Its primary mission is to ensure the supply of water to approximately 200 homes within its operational area. Currently, the corporation serves 133 connections, demonstrating its commitment to delivering water services efficiently. In addition to its existing customer base, The Coves Water Supply Corp is expanding its service area to include The Reserve at Lake Travis development, which upon completion, will add about 250 new retail water service customers. The corporation was established with the purpose of furnishing water services within a specific service area, reflecting its dedication to fulfilling the water needs of its community.

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Impact




October, 2024

The Coves Water Supply Corp plays a crucial role in ensuring reliable water services to approximately 200 homes in Spicewood, Texas. By supplying water to its current 133 connections, the organization meets essential needs for residential communities in the area.

In addition to its existing service provision, The Coves Water Supply Corp is actively expanding its reach to include the Reserve at Lake Travis development, which will eventually bring around 250 new retail water service customers once fully built-out. This expansion not only increases access to water for new residents but also supports the growth and development of the local community.

Through its dedicated mission of furnishing water services within a specific service area, The Coves Water Supply Corp significantly contributes to the quality of life in Spicewood, providing essential infrastructure and promoting sustainable living for its residents.




This information is meant to be a general summary of The Coves 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
$262,057 (2022)
Expenses
$266,279 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $223
  • Program Service Revenue: $261,834
  • Gross Receipts: $262,057

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

WATER SERVICE & FEES

Revenue

$232,364

CIP FEE

Revenue

$29,470

Organization Details

Founding Year

2011

Principal Officer

Stanley T Polak

Main Address

1005 MOONLIGHT BAY DR, SPICEWOOD, TX, 78669

NTEE Category

Code: Y22 - Mutual benefit

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