Nonprofit · Utilities
Payne Springs Water Supply Corporation
- 501(c)(12) cooperative or utility
- Mabank
To provide potable water to rural residents of the payne springs community. (its mission, as stated on its Form 990)
Finances
- $588,261revenue
- $393,250expenses
- $195,011revenue less expenses
- $2,052,411total assets
Form 990, tax year ending 2024-12-31, filed 2025. "Revenue less expenses" is the form's own line: a nonprofit has no profit.
5 employees · $122,864 in salaries and benefits.
| Tax year | Revenue | Expenses | Revenue less expenses |
|---|---|---|---|
| 2024 | $588,261 | $393,250 | $195,011 |
| 2023 | $541,224 | $357,019 | $184,205 |
| 2022 | $435,116 | $364,113 | $71,003 |
| 2020 | $378,170 | $383,568 | −$5,398 |
People
- Carl Powell · President · Form 990, 2024
- Dan Reynolds · Director · Form 990, 2024
- Harry Riddle · Vice president · Form 990, 2024
- Rod Whiddon · Secretary/tr · Form 990, 2024
- Roland Carson · Director · Form 990, 2024
Where it is
CR 2515, Henderson County, TX
It owns this parcel (the county appraisal roll). "PAYNE SPRINGS WATER SUPPLY | 0 CR 2515 | AB 132 G CHOVANNO SUR, TR 18A (WATER SYSTEM)"
Facts
- EIN
- 75-1367969
- IRS status
- 501(c)(12) cooperative or utility
- Files
- 990