North Rural Water Supply Corporation

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

EIN: 751297546 ✦ Mineral wells, TX ✦ Designated as a 501(c)(12)

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Overview

What is North Rural Water Supply Corporation?

The North Rural Water Supply Corporation, based in Mineral Wells, Texas (76068), is a nonprofit organization with a mission to offer an affordable water supply system to the rural residents of Northwest Parker County and Eastern Palo Pinto County. When municipal water is unavailable, this corporation steps in to provide essential water services, ensuring the community's needs are met. With a team of eight dedicated individuals, the North Rural Water Supply Corporation contributes to the well-being of its area by offering a cost-effective water solution.


Official website here: www.northruralwsc.com

Is North Rural Water Supply Corporation legitimate?

North Rural Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. North Rural 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: $238,735

For more financial information, click here


Official website here: www.northruralwsc.com

What is the mission statement of North Rural Water Supply Corporation?

The North Rural Water Supply Corporation is committed to providing affordable water services to the rural residents of Northwest Parker County and Eastern Palo Pinto County. Their primary objective is to establish a cost-effective water supply system in areas where municipal water is not accessible. The corporation serves as a vital resource, ensuring that residents in these regions have access to an essential service, thereby enhancing their quality of life.


Official website here: www.northruralwsc.com

Who is the CEO of North Rural Water Supply Corporation?

Randy Ratto is the Board Member of North Rural Water Supply Corporation.


Official website here: www.northruralwsc.com

What is the revenue of North Rural Water Supply Corporation?

North Rural Water Supply Corporation's revenue in 2022 was $1,714,750.


Official website here: www.northruralwsc.com

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

The average compensation at North Rural Water Supply Corporation during 2022 was $29,842. There are 8 employees at North Rural Water Supply Corporation.


Here are 7 key members and their salaries:


Bobby Bazzell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Furr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack James (Sec/Treasure)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Myers (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Pitt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Ratto (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brannon Zinn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.northruralwsc.com

Where can I find the form 990 for North Rural Water Supply Corporation?

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


Official website here: www.northruralwsc.com

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

Mission Statement of North Rural Water Supply Corporation

North Rural Water Supply Corporation, in its mission, aims to provide affordable water services to the rural inhabitants of Northwest Parker County and Eastern Palo Pinto County. Recognizing the absence of municipal water supplies in these regions, the corporation sets out to establish a low-cost water supply system for the benefit of these residents. By doing so, North Rural Water Supply Corporation seeks to contribute to the essential water needs of these communities, ensuring they have access to this fundamental resource.

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Impact




October, 2024

North Rural Water Supply Corporation plays a crucial role in enhancing the quality of life for residents in Northwest Parker County and Eastern Palo Pinto County. By providing low-cost water services, it ensures that communities without access to municipal water systems can still enjoy a reliable and affordable water supply. This service not only meets a fundamental need but also promotes public health, supports agricultural activities, and fosters economic growth in rural areas. The provision of such essential water services contributes to the overall development and sustainability of these communities, making it a vital resource for residents in the region.




This information is meant to be a general summary of North Rural 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
$1,714,750 (2022)
Expenses
$1,391,129 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $23,830
  • Program Service Revenue: $1,668,420
  • Gross Receipts: $1,716,605

Assets and Liabilities:

  • Total Assets: $4,238,583
  • Total Liabilities: $240,007
  • Net Assets: $3,998,576

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Programs

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

RURAL WATER SALES

Revenue

$1,562,746

EXCESS USAGE REVENUE

Revenue

$105,674

Organization Details

Founding Year

1967

Principal Officer

Randy Ratto

Main Address

PO BOX 716, MINERAL WELLS, TX, 76068

NTEE Category

Code: W80 - Public benefit

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