Potosi Water Supply Corporation

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

EIN: 756021650 ✦ Abilene, TX ✦ Designated as a 501(c)(12)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Potosi Water Supply Corporation?

The Potosi Water Supply Corporation, situated in Abilene, Texas, is a nonprofit organization that serves a community of approximately 2,350 members. Its primary mission is to ensure the provision of clean, potable water. Operating from 734 FM 1750, this organization is dedicated to treating and supplying water to its rural members, enhancing their daily lives and contributing to their overall well-being. With a modest workforce of five individuals, the Potosi Water Supply Corporation plays a crucial role in maintaining the water supply for the unincorporated community of Potosi, Texas.


Official website here: www.potosiwater.com

Is Potosi Water Supply Corporation legitimate?

Potosi Water Supply Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Potosi 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: $204,043

For more financial information, click here


Official website here: www.potosiwater.com

What is the mission statement of Potosi Water Supply Corporation?

The Potosi Water Supply Corporation is committed to serving approximately 2,350 rural members by providing them with treated water. This mission is centered around ensuring the availability of potable water, thereby enhancing the livelihoods of the community members in an unincorporated area. The corporation's activities are primarily focused on delivering clean and safe water, thereby contributing to the well-being of its members. While the specific details of their advocacy efforts or additional resources provided are not provided, it is clear that the Potosi Water Supply Corporation prioritizes the essential need for clean water in its operations.


Official website here: www.potosiwater.com

Who is the CEO of Potosi Water Supply Corporation?

Terry Monroe is the President of Potosi Water Supply Corporation.


Official website here: www.potosiwater.com

What is the revenue of Potosi Water Supply Corporation?

Potosi Water Supply Corporation's revenue in 2022 was $1,785,608.


Official website here: www.potosiwater.com

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

The average compensation at Potosi Water Supply Corporation during 2022 was $40,809. There are 5 employees at Potosi Water Supply Corporation.


Here are 9 key members and their salaries:


Ken Hogan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Allison (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Asbill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Jennings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Collier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larhea West (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Monroe (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Young (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Dikes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.potosiwater.com

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

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


Official website here: www.potosiwater.com

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

Mission Statement of Potosi Water Supply Corporation

Potosi Water Supply Corporation, as its name suggests, is committed to providing treated water to approximately 2,350 rural members. This mission is crucial in ensuring that the community in Potosi, Texas, has access to clean and potable water. The corporation's primary objective is to serve its members effectively, providing them with a vital resource that is essential for daily life and health. By offering treated water, Potosi Water Supply Corporation plays a significant role in maintaining the well-being of its community, ensuring that its residents have a reliable water supply for various purposes.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Potosi Water Supply Corporation directly impacts the quality of life for approximately 2,350 residents in the unincorporated community of Potosi, Texas. By supplying treated potable water, the organization ensures that local households have access to essential water resources for drinking, cooking, and sanitation. This reliable water supply promotes public health and supports everyday activities, enhancing the overall well-being of the community. Furthermore, by addressing the needs of a rural population, Potosi Water Supply Corporation contributes to the sustainability of the area, fostering a healthier and more vibrant environment for its members.




This information is meant to be a general summary of Potosi 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
$1,785,608 (2022)
Expenses
$1,060,383 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11,770
  • Gross Receipts: $3,713,622

Assets and Liabilities:

  • Total Assets: $10,018,307
  • Total Liabilities: $1,142,626
  • Net Assets: $8,875,681

Want to help this charity, for free? You can click here to learn more about Give Freely

Organization Details

Founding Year

1964

Principal Officer

Terry Monroe

Main Address

734 FM 1750, Abilene, TX, 79602

NTEE Category

Code: W80 - Public benefit

If you are a representative of Potosi Water Supply Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.