Lake Palo Pinto Area Water Supply Corporation

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

EIN: 752398330 ✦ Gordon, TX ✦ Designated as a 501(c)(12)

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Overview

What is Lake Palo Pinto Area Water Supply Corporation?

Lake Palo Pinto Area Water Supply Corporation is a nonprofit organization based in Gordon, Texas. The primary mission of this corporation is to ensure that residents in the Lake Palo Pinto area have access to a reliable and affordable water supply system, as municipal water is not readily available in the region. To fulfil this mission, the corporation provides low-cost water services to the local community. With a team of three dedicated individuals, the corporation strives to meet the water needs of the region, contributing to the well-being and comfort of its residents.

Is Lake Palo Pinto Area Water Supply Corporation legitimate?

Lake Palo Pinto Area Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lake Palo Pinto Area 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: $136,446

For more financial information, click here

What is the mission statement of Lake Palo Pinto Area Water Supply Corporation?

The Lake Palo Pinto Area Water Supply Corporation's primary mission is to supply affordable water services to the residents residing in the Lake Palo Pinto water region. This organization was established with the purpose of providing a reliable and cost-effective water supply system for those areas where municipal water is unavailable. The corporation is dedicated to ensuring that residents in these regions have access to clean and affordable water, thereby enhancing their quality of life. The corporation's activities primarily revolve around maintaining and operating the water supply system to meet the needs of its customers. It is committed to providing reliable and affordable water services, ensuring that the residents of the Lake Palo Pinto water area have a consistent water supply.

Who is the CEO of Lake Palo Pinto Area Water Supply Corporation?

Karen Koonsman is the President of Lake Palo Pinto Area Water Supply Corporation.

What is the revenue of Lake Palo Pinto Area Water Supply Corporation?

Lake Palo Pinto Area Water Supply Corporation's revenue in 2022 was $1,003,964.

Who are the executives of Lake Palo Pinto Area Water Supply Corporation and what are their salaries?

The average compensation at Lake Palo Pinto Area Water Supply Corporation during 2022 was $45,482. There are 3 employees and 7 volunteers at Lake Palo Pinto Area Water Supply Corporation.


Here are 7 key members and their salaries:


Karen Koonsman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harry Romine (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Woods (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Best (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Rogers (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wayne Campaign (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lake Palo Pinto Area Water Supply Corporation?

Lake Palo Pinto Area Water Supply Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lake Palo Pinto Area Water Supply Corporation

Lake Palo Pinto Area Water Supply Corporation is dedicated to supplying affordable water services to the residents of the Lake Palo Pinto water region. Recognizing the absence of municipal water provision, the organization's primary objective is to establish and maintain a reliable, low-cost water supply system for this community. By doing so, it aims to meet the essential water needs of its residents, ensuring their well-being and quality of life.

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Impact




October, 2024

Lake Palo Pinto Area Water Supply Corporation significantly impacts the community by ensuring that residents in the Lake Palo Pinto area have access to affordable water services. In regions where municipal water is not available, this organization serves as a crucial lifeline, providing a reliable water supply system that meets the needs of the population. Their efforts directly contribute to improving the quality of life for residents in Gordon, TX, by facilitating access to a fundamental resource—water—at a reasonable cost. This focus on affordability helps promote both public health and community sustainability, making it an essential asset for those living in this area.




This information is meant to be a general summary of Lake Palo Pinto Area 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
$1,003,964 (2022)
Expenses
$1,006,763 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,054
  • Program Service Revenue: $1,002,910
  • Gross Receipts: $1,003,964

Assets and Liabilities:

  • Total Assets: $4,602,701
  • Total Liabilities: $2,078,670
  • Net Assets: $2,524,031

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Programs

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

WATER REVENUE

Revenue

$853,868

OTHER REVENUE

Revenue

$149,042

Organization Details

Principal Officer

Karen Koonsman

Main Address

PO BOX 410, GORDON, TX, 76453

NTEE Category

Code: W80 - Public benefit

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