Gallatin Water Supply Corporation

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

EIN: 751244019 ✦ Gallatin, TX ✦ Designated as a 501(c)(12)

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Overview

What is Gallatin Water Supply Corporation?

Gallatin Water Supply Corporation is a vital public utility located in Gallatin, Texas. Its primary purpose is to ensure the provision of clean, drinkable water to rural residents in the area. As a public utility, its mission encompasses supplying potable water, thereby meeting the essential water needs of its rural clientele. This public service organization plays a crucial role in maintaining the health and well-being of its community members by ensuring a reliable water supply.

Is Gallatin Water Supply Corporation legitimate?

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

For more financial information, click here

What is the mission statement of Gallatin Water Supply Corporation?

Gallatin Water Supply Corporation, as a public utility, is dedicated to providing potable water to rural communities. Their mission is centered around ensuring a reliable and safe water supply for their customers residing in rural areas. By fulfilling this mission, they contribute significantly to promoting public health and well-being within their service area. The corporation's operations are geared towards maintaining the quality and accessibility of water resources, thus ensuring that rural communities have uninterrupted water supply for their daily needs.

Who is the CEO of Gallatin Water Supply Corporation?

Lem Derrington is the President of Gallatin Water Supply Corporation.

What is the revenue of Gallatin Water Supply Corporation?

Gallatin Water Supply Corporation's revenue in 2022 was $258,282.

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


Here are 5 key members and their salaries:


Lem Derrington (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Dement (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Glover (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Willie Bradley (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gallatin Water Supply Corporation?

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

Mission Statement of Gallatin Water Supply Corporation

Gallatin Water Supply Corporation, as a public utility, is committed to providing potable water to rural communities. Their mission is centered around ensuring that rural customers have access to safe and clean drinking water, serving as a vital resource for their daily needs. By supplying potable water, Gallatin Water Supply Corporation plays a crucial role in promoting public health and well-being, demonstrating a dedication to meeting the essential water needs of the communities it serves.

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Impact




October, 2024

Gallatin Water Supply Corporation plays a crucial role in enhancing the quality of life for rural residents in Gallatin, TX, by supplying potable water. This utility ensures that communities have access to safe drinking water, which is essential for health, sanitation, and overall well-being. By providing a reliable water supply, the corporation supports local residents in meeting their daily needs and fosters community development. The availability of potable water also facilitates agricultural activities and local businesses, contributing to the economic vitality of the region. Overall, Gallatin Water Supply Corporation is a key player in promoting public health and sustainability in rural Texas.




This information is meant to be a general summary of Gallatin 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
$258,282 (2022)
Expenses
$161,465 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,768
  • Program Service Revenue: $255,514
  • Gross Receipts: $258,282

Assets and Liabilities:

  • Total Assets: $1,445,707
  • Total Liabilities: $52,405
  • Net Assets: $1,393,302

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Programs

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

Water sales

Revenue

$229,426

Other income

Revenue

$2,283

New installatons

Revenue

$10,750

Late charges

Revenue

$4,395

Customer paid construction

Revenue

$6,850

Organization Details

Founding Year

1964

Principal Officer

Lem Derrington

Main Address

PO Box 140, Gallatin, TX, 75764

NTEE Category

Code: W80 - Public benefit

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