2024-06-20T14:35:04-07:00 2023-12-31 742140022 John W McAnally PC CPA 8301 Bosque Blvd Waco TX 76712 990 2023-01-01 741502882 Levi Water Supply Corporation LEVI 2548573050 P O Box 490 Lorena TX 766550490 Christine Miller Treasurer 2548573050 2024-06-20 true Christine Miller XXX-XX-XXXX true John W McAnally CPA P01258141 2547725690 2024-06-20 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Mike Meadows P O Box 490 Lorena TX 76655 927397 false X www.leviwater.com X 1964 TX To provide a reliable source of potable water to all residential, commercial, and agricultural members at a reasonable cost in a manner that protects the environment and promotes development. 5 5 2 5 -170627 0 0 930850 890183 11364 -136218 2900 2805 945114 756770 0 0 89074 104819 0 0 660358 683573 749432 788392 195682 -31622 4155923 4184489 2017157 2523494 2138766 1660995 To provide a reliable source of potable water to all residential, commercial, and agricultural members at a reasonable cost in a manner that protects the environment and promotes development. false false 590268 The organization furnishes a water utility service to rural areas of Falls and McLennan Counties, Texas. Current number of meters serviced is 788. 590268 false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 2 true false false false false false false false false false 890183 37213 false false false X 5 5 false false false false true true true true true false false true true true true true true true false false X Jim Sheffield 2548573050 2757 Rosenthal Parkway Lorena TX 76655 X Larry Groth President 1.00 X X 0 0 0 Mike Meadows Vice-president 1.00 X X 0 0 0 Connie Wedemeyer Secretary 1.00 X X 0 0 0 Christine Miller Treasurer 1.00 X X 0 0 0 John Hahne Board Member 1.00 X 0 0 0 Jim Sheffield Manager 35.00 X 66004 0 0 66004 false false false Jurgensen Pump LLC PO Box 710 Valley Mills TX 76689 Water pump 173594 1 Water revenue 221000 890183 0 0 890183 34409 0 34409 0 170627 -170627 -170627 0 -170627 0 Miscellaneous revenue 900099 2805 2805 0 0 2805 756770 892988 -170627 34409 97310 32987 64323 0 7509 2545 4964 0 72099 3248 68851 0 8213 0 8213 0 11476 0 11476 0 19314 9657 9657 0 4668 0 4668 0 1000 0 1000 0 90517 90517 0 0 165711 152697 13014 0 20779 18701 2078 0 Dues & subscriptions 1890 0 1890 0 Fees & assessments 16711 16711 0 0 271195 263205 7990 0 788392 590268 198124 0 629306 97883 200134 1424029 61250 60643 4988088 2413464 3240611 2574624 20927 24204 3695 3106 4155923 4184489 15526 1991971 2477669 9660 45825 2017157 2523494 X 2138766 1660995 2138766 1660995 4155923 4184489 X -31622 X X true X false true false 0 62473 62473 4925615 4925615 4988088 Payroll liabilities 3930 Insurance Payable 2387 Accrued Interest 7102 Prepaid meter evaluation 5225 Accrued expenses 13915 Customer prepayments 13266 45825 Other Reserved assets are required by the organization's by-laws. Deposits are made into a reserved account as deemed necessary. Withdrawals are made only for emergency repairs, obsolescense of equipment, and for making up any deficiencies in revenues for loan payments. Other The Corporation is organized to conduct its business on a nonprofit basis and no dividends are ever to be paid on the shares of the membership of the Corporation. All profits arising from the operations of the Corporation are to be paid annually in direct proportion to the amount of business transacted to the persons who have, during the year, transacted business, provided that no such payments are ever to be made while any indebtedness of the corporation remains unpaid. The Corporation has been granted an exemption from federal income tax under Section 501(c)(12) of the Internal Revenue Code. The previous three tax years remain subject to examination by tax jurisdictions. Pt VI, Line 6 Customers of the Levi Water Supply Corporation are considered members of the organization. Pt VI, Line 7a The member-customers of the Levi Water Supply Corporation elect the governing board of directors at the annual meeting of the membership. Pt VI, Line 7b Certain decisions of the governing board of directors are subject to approval from the member-customers at the annual meeting. Pt VI, Line 11b The Form 990 is reviewed by the board of directors at a regular or called meeting prior to its filing. Pt VI, Line 12c Conflict of interest statement is presented to all candidates for the board and signed. Pt VI, Line 15a The compensation for the organization's employees are based on market value of similar positions in the area. Base compensation is slightly higher than similar positions in the area as the organization provides no benefits for its employees. While the Texas Water Code allows for compensation of board members, currently the organzation's board members do not receive compensation. All wages and salaries are ultimately approved by the board of directors at a regular monthly meeting and these deliberations and decisions are recorded in the minutes. Pt VI, Line 19 The organization makes its governing documents, conflict of interest policy and financial statments available to the public upon request. Pt XII, Line 2c The process has not changed from the prior year. Pt XI Change in net assets due to reporting depreciation on straight line method rather than tax method. Form 990, Part IX, Line 24e Alarm 2164. 1623. 541. Form 990, Part IX, Line 24e System repair & maintenance 173599. 173599. Form 990, Part IX, Line 24e Repairs & maintenance 5956. 4467. 1489. Form 990, Part IX, Line 24e Service Vehicle expense 3435. 3435. Form 990, Part IX, Line 24e Utilities 83349. 78348. 5001. Form 990, Part IX, Line 24e Vehicle expense 381. 381. Form 990, Part IX, Line 24e Training 2311. 1733. 578.