New Prospect Water Supply Corp

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

EIN: 751464425 ✦ Henderson, TX ✦ Designated as a 501(c)(12)

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Overview

What is New Prospect Water Supply Corp?

New Prospect Water Supply Corp is a locally-based water utility situated in Henderson, Texas. With a primary focus on serving around 450 members and customers, the company ensures the provision of clean, drinkable water within its designated service area. Established with the mission to cater to the local community's hydration needs, New Prospect Water Supply Corp plays an essential role in maintaining the health and well-being of its residents.

Is New Prospect Water Supply Corp legitimate?

New Prospect Water Supply Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. New Prospect 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: $76,947

For more financial information, click here

What is the mission statement of New Prospect Water Supply Corp?

New Prospect Water Supply Corp serves as a local provider of potable water, catering to around 450 members and customers within its jurisdiction. Their mission is centered around supplying clean drinking water to the community they serve. The corporation is committed to ensuring the availability of safe and potable water, thereby contributing to the well-being and health of its customers.

Who is the CEO of New Prospect Water Supply Corp?

Joe Dan Brown is the Pres of New Prospect Water Supply Corp.

What is the revenue of New Prospect Water Supply Corp?

New Prospect Water Supply Corp's revenue in 2022 was $303,036.

Who are the executives of New Prospect Water Supply Corp and what are their salaries?

The average compensation at New Prospect Water Supply Corp during 2022 was $12,824. There are 6 employees and 5 volunteers at New Prospect Water Supply Corp.


Here are 5 key members and their salaries:


Joe Dan Brown (Pres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leon Harris (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Yarborough (Sec Trea)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregg Green (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Hammett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for New Prospect Water Supply Corp?

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

Mission Statement of New Prospect Water Supply Corp

New Prospect Water Supply Corp, a local water company, is committed to serving its community by providing potable water. Situated in Henderson, TX, the corporation's mission is centered around ensuring the local population has access to clean drinking water. With approximately 450 members and customers relying on its services, New Prospect Water Supply Corp plays a significant role in maintaining the well-being of its area. The company's objective is to deliver safe and reliable water, thereby contributing to the overall health and convenience of its community.

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Impact




October, 2024

New Prospect Water Supply Corp plays a crucial role in ensuring access to potable water for the local community in Henderson, Texas. Serving approximately 450 members and customers, the organization is dedicated to delivering clean and safe drinking water, which is essential for health and well-being. By maintaining a reliable water supply, New Prospect Water Supply Corp significantly contributes to the quality of life for residents and supports public benefit within the area. Its commitment to providing this vital resource fosters community development and helps sustain the local population's daily needs.




This information is meant to be a general summary of New Prospect 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
$303,036 (2022)
Expenses
$350,895 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $2,822
  • Program Service Revenue: $300,214
  • Gross Receipts: $303,036

Assets and Liabilities:

  • Total Assets: $1,011,866
  • Total Liabilities: $6,343
  • Net Assets: $1,005,523

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Programs

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

WATER SALES & SERVICES

Revenue

$300,214

Organization Details

Founding Year

1967

Principal Officer

Joe Dan Brown

Main Address

2937 STATE HWY 43 EAST, HENDERSON, TX, 75652

NTEE Category

Code: W80 - Public benefit

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