Cross Timbers Water Supply Corporation

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

EIN: 751210981 ✦ Argyle, TX ✦ Designated as a 501(c)(12)

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Overview

What is Cross Timbers Water Supply Corporation?

Cross Timbers Water Supply Corporation is a public utilities organization situated in Argyle, Texas. Its primary mission is to supply potable water to around 2,721 rural residents, fulfilling their need for clean water. As a nonprofit entity dedicated to rural water supply, Cross Timbers Water Supply Corporation is committed to ensuring the well-being and comfort of its customers by operating as a reliable water provider.


Official website here: www.crosstimberswater.com

Is Cross Timbers Water Supply Corporation legitimate?

Cross Timbers Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cross Timbers 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: $181,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $411,822

For more financial information, click here


Official website here: www.crosstimberswater.com

What is the mission statement of Cross Timbers Water Supply Corporation?

Cross Timbers Water Supply Corporation is dedicated to providing potable water to its rural customer base, numbering approximately 2,721. As a public utilities organization, its mission is centered around supplying rural water. The corporation strives to ensure that its services contribute to the overall well-being of these rural communities. Located in Argyle, TX, Cross Timbers Water Supply Corporation operates with a commitment to delivering reliable and safe water supplies to its customers.


Official website here: www.crosstimberswater.com

Who is the CEO of Cross Timbers Water Supply Corporation?

Patrick Mcdonald is the President of Cross Timbers Water Supply Corporation.


Official website here: www.crosstimberswater.com

What is the revenue of Cross Timbers Water Supply Corporation?

Cross Timbers Water Supply Corporation's revenue in 2022 was $5,397,627.


Official website here: www.crosstimberswater.com

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

The average compensation at Cross Timbers Water Supply Corporation during 2022 was $65,940. There are 9 employees and 9 volunteers at Cross Timbers Water Supply Corporation.


Here are 9 key members and their salaries:


Jackson Chad Wolf (Gen Man)
  • Compensation: $104,916
  • Related: $0
  • Other: $0
Lloyd Hanson (Cfo)
  • Compensation: $76,718
  • Related: $0
  • Other: $0
Larry Kaufman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andre Nicholas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael L Paulson (Secretary/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherry Price (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Beutter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garry Granger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Mcdonald (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.crosstimberswater.com

Where can I find the form 990 for Cross Timbers Water Supply Corporation?

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


Official website here: www.crosstimberswater.com

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

Mission Statement of Cross Timbers Water Supply Corporation

Cross Timbers Water Supply Corporation, a public utilities organization, is dedicated to providing rural water supply. This nonprofit serves approximately 2,721 customers, ensuring they have access to clean, potable water. Its mission is centered around the provision of this essential resource, contributing significantly to the well-being of the communities it serves.

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Impact




October, 2024

Cross Timbers Water Supply Corporation plays a crucial role in ensuring the availability of potable water for approximately 2,721 rural customers in the Argyle, TX area. By operating as a public utilities organization, it addresses the specific needs of rural communities that may lack access to reliable water sources. This access not only supports daily living but also underpins public health, economic growth, and the overall quality of life in the region. Through its commitment to providing essential water services, Cross Timbers Water Supply Corporation significantly contributes to the sustainability and resilience of rural populations, empowering them to thrive in their environments.




This information is meant to be a general summary of Cross Timbers 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
$5,397,627 (2022)
Expenses
$4,483,489 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $53,608
  • Program Service Revenue: $5,344,019
  • Gross Receipts: $5,397,627

Assets and Liabilities:

  • Total Assets: $20,682,204
  • Total Liabilities: $264,221
  • Net Assets: $20,417,983

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Programs

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

METER INSTALLATION CHARGE

Revenue

$86,125

NEW MEMBER ADDITIONS

Revenue

$1,119,346

WATER SALES AND CHARGES

Revenue

$4,138,548

Organization Details

Founding Year

1964

Principal Officer

Patrick Mcdonald

Main Address

2032 E HICKORY HILL ROAD, ARGYLE, TX, 76226

NTEE Category

Code: W80 - Public benefit

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