Gary Water Supply Corporation

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

EIN: 751240057 ✦ Gary, TX ✦ Designated as a 501(c)(12)

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Overview

What is Gary Water Supply Corporation?

Gary Water Supply Corporation is a nonprofit organization dedicated to serving a rural community by providing them with clean and affordable water. With a mission to maintain a reliable water system, the corporation ensures the well-being of approximately 322 members within its service area. This essential service is crucial in preserving the health and quality of life for the community members, enhancing their daily living standards.

Is Gary Water Supply Corporation legitimate?

Gary Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Gary 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: $44,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Gary Water Supply Corporation?

The Gary Water Supply Corporation is dedicated to serving a rural community by ensuring the provision of safe and economical water. They accomplish this mission by maintaining a reliable water system, catering to approximately 322 members within their service area. The corporation's purpose is to deliver clean water, thus enhancing the quality of life for the community members it serves.

Who is the CEO of Gary Water Supply Corporation?

Kenny Thorson is the President of Gary Water Supply Corporation.

What is the revenue of Gary Water Supply Corporation?

Gary Water Supply Corporation's revenue in 2022 was $271,384.

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

The average compensation at Gary Water Supply Corporation during 2022 was $44,040. There is 1 employee at Gary Water Supply Corporation.


Here are 6 key members and their salaries:


Kenny Thorson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Hammond (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Prewitt (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nat Lankford (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Barr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacy Cranford (Key Employee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gary Water Supply Corporation?

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

Mission Statement of Gary Water Supply Corporation

Gary Water Supply Corporation, as a nonprofit organization, is dedicated to supplying water to a rural community. Their mission is to maintain a reliable water system that ensures the provision of safe and affordable water to its approximately 322 members within their service area. By doing so, Gary Water Supply Corporation plays a vital role in enhancing the quality of life for the community it serves, ensuring they have access to a basic necessity that is often taken for granted. The corporation's commitment to providing cost-effective water services demonstrates their dedication to the well-being and financial stability of the community they serve.

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Impact




October, 2024

Gary Water Supply Corporation plays a crucial role in the rural community of Gary, Texas, by supplying safe and cost-effective water to approximately 322 members. The organization ensures the maintenance and functionality of a reliable water system, which is essential for daily living and public health. Access to clean water supports not only individual health and hygiene but also enhances the quality of life for residents, contributing to the overall well-being and sustainability of the community. By prioritizing these services, Gary Water Supply Corporation mitigates challenges associated with water access, fosters community resilience, and promotes a thriving environment for its members.




This information is meant to be a general summary of Gary 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
$271,384 (2022)
Expenses
$228,342 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $221
  • Program Service Revenue: $271,163
  • Gross Receipts: $271,384

Assets and Liabilities:

  • Total Assets: $393,231
  • Total Liabilities: $42,581
  • Net Assets: $350,650

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Programs

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

PROGRAM SERVICES

Revenue

$260,430

INSTALLATIONS
PENALTIES

Revenue

$5,503

CONNECTION FEES

Revenue

$5,230

Organization Details

Founding Year

1967

Principal Officer

Kenny Thorson

Main Address

PO BOX 160, GARY, TX, 75643

NTEE Category

Code: W80 - Public benefit

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