2024-06-06T08:33:22-05:00 2023-12-31 720398470 HEARD MCELROY & VESTAL LLC 2403 JUDSON ROAD LONGVIEW TX 75605 990 2023-01-01 751310086 PRITCHETT WATER SUPPLY CORPORATION PRIT 9037345438 3670 STATE HWY 155 S GILMER TX 756458063 BENJI CAMPBELL PRESIDENT 9037345438 2024-06-03 1 BENJI CAMPBELL 999009999 0 REBECCA VANNATTAN CPA P01781574 9037580734 2024-06-03 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z HENRY CASEY 3670 STATE HWY 155 S GILMER TX 756458063 2278926 0 X WWW.PRITCHETTWATER.COM X 1970 TX WATER IS SUPPLIED TO ITS MEMBERS, BOTH RESIDENTIAL AND COMMERCIAL, IN THE RURAL COMMUNITY OF PRITCHETT AND SURROUNDING AREAS. THE COMPANY EXPANDS ITS DISTRICT TO MEET THE NEEDS OF ITS MEMBERS. 9 9 16 0 0 0 0 0 2285500 2254928 -31780 23998 0 0 2253720 2278926 0 0 0 0 699017 774332 0 0 0 1097597 1016769 1796614 1791101 457106 487825 9944424 10491323 268789 321810 9675635 10169513 WATER IS SUPPLIED TO ITS MEMBERS, BOTH RESIDENTIAL AND COMMERCIAL, IN THE RURAL COMMUNITY OF PRITCHETT AND SURROUNDING AREAS. THE COMPANY EXPANDS ITS DISTRICT TO MEET THE NEEDS OF ITS MEMBERS. 0 0 1791101 2278926 WATER IS SUPPLIED TO ITS MEMBERS, BOTH RESIDENTIAL AND COMMERCIAL, IN THE RURAL COMMUNITY. 1791101 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 16 1 0 0 0 0 0 0 0 2254928 23998 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 0 0 X CYNTHIA MCMILLAN 9037345438 3670 STATE HWY 155 S GILMER TX 75645 BENJI CAMPBELL PRESIDENT 0.25 X X 0 0 0 JOSH MARRS VICE PRESIDENT 0.25 X X 0 0 0 HENRY CASEY SECRETARY/TREASURER 0.25 X X 0 0 0 RUSSELL WASHBURN DIRECTOR 0.25 X 0 0 0 DAVID YORDY DIRECTOR 0.25 X 0 0 0 GEORGE STEVENSON DIRECTOR 0.25 X 0 0 0 DANNY WEEMS DIRECTOR 0.25 X 0 0 0 LISA SNEED DIRECTOR 0.25 X 0 0 0 CHARLES D MEADOR GENERAL MANAGER 40.00 X 84643 0 0 84643 0 0 0 0 0 0 GRAY INDUSTRIAL ELECTRIC INC PO BOX 1289 PITTSBURG TX 75686 CONSTRUCTION 312249 DATA FLOW SYSTEMS INC 605 N JOHN RODES BLVD MELBOURNE FL 32934 CONSTRUCTION 115883 BOBBY JENKINS 8162 HWY 300 GILMER TX 75644 CONSTRUCTION 107899 3 WATER SALES 221000 2033147 2033147 NEW SERVICE FEES 221000 123525 123525 OTHER FEES 221000 70504 70504 MISCELLANEOUS 221000 27752 27752 2254928 13265 13265 10733 0 10733 10733 10733 2278926 2278926 0 0 84643 84643 508675 508675 30114 30114 101724 101724 49176 49176 388 388 18926 18926 34333 34333 3311 3311 8832 8832 370229 370229 46061 46061 UTILITIES 188414 188414 REPAIRS & MAINT.-WELLS 126287 126287 FUEL 46689 46689 REPAIRS & MAINT.-TRUCKS 46159 46159 127140 127140 1791101 1791101 0 0 930246 1038261 639320 671458 229154 253904 82565 82272 53395 68679 14388988 6012264 8009719 8376724 25 25 9944424 10491323 176614 184823 92175 136987 268789 321810 X 1113970 1120023 0 0 8561665 9049490 9675635 10169513 9944424 10491323 X 487825 6053 X 0 1 X 1 0 31022 31022 312699 249268 63431 12844746 4854912 7989834 1028342 781686 246656 172179 126398 45781 8376724 CONTRACT LIABILITIES 136987 136987 X 2278926 0 2278926 0 2278926 1791101 0 1791101 0 1791101 PART X, LINE 2: "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" CONTAINED IN FASC TOPIC 740 - INCOME TAXES, REQUIRES THE USE OF A TWO-STEP APPROACH FOR RECOGNIZING AND MEASURING TAX BENEFITS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND DISCLOSURES REGARDING UNCERTAINTIES IN INCOME TAX POSITIONS. THE FIRST STEP IS RECOGNITION: WE DETERMINE WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS OF THE POSITION. IN EVALUATING WHETHER A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD, WE PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE SECOND STEP IS MEASUREMENT: A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD IS MEASURED TO DETERMINE THE AMOUNT OF BENEFIT TO RECOGNIZE IN THE FINANCIAL STATEMENTS. THE TAX POSITION IS MEASURED AT THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. DIFFERENCES BETWEEN TAX POSITIONS TAKEN IN A TAX RETURN AND AMOUNTS RECOGNIZED IN THE FINANCIAL STATEMENTS WILL GENERALLY RESULT IN ONE OR MORE OF THE FOLLOWING: AN INCREASE IN A LIABILITY FOR INCOME TAXES PAYABLE, A REDUCTION OF AN INCOME TAX REFUND RECEIVABLE, A REDUCTION IN A DEFERRED TAX ASSET, OR AN INCREASE IN A DEFERRED TAX LIABILITY. WE HAVE NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN OUR FINANCIAL STATEMENTS AND WE BELIEVE THAT THE POSITIONS TAKEN WOULD NOT REQUIRE SETTLEMENT AT AN AMOUNT LESS THAN FULL RECOGNITION. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - PRITCHETT WATER SUPPLY HAS 3,387 MEMBERS AS OF THE END OF THE TAX YEAR LIVING IN THE RURAL COMMUNITY OF PRITCHETT, UPSHUR COUNTY, TEXAS SERVICED BY THE WATER SUPPLY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - MEMBERS OF PRITCHETT WATER SUPPLY ELECT THE DIRECTORS WHO OVERSEE THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - THE BOARD OF DIRECTORS CANNOT MAKE ANY CHANGES TO THE BY-LAWS OF THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBERS BY A VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THIS RETURN IS REVIEWED BY THE GENERAL MANAGER AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C PRITCHETT WATER SUPPLY'S CONFLICT OF INTEREST POLICY SPECIFIES CERTAIN BUSINESS AND FAMILY RELATIONSHIPS AS WELL AS ACTIONS THAT WOULD CONSTITUTE DISQUALIFICATION FROM THE BOARD. DIRECTORS ARE REQUIRED TO FILE A STATEMENT IF ANY OF THESE SITUATIONS ARISE AND ABSTAIN FROM VOTING ON ANY ISSUE WHICH MAY CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS DETERMINES COMPENSATION FOR TOP MANAGEMENT. EMPLOYEE COMPENSATION IS RAISED FOR COST OF LIVING INCREASES BY AN INDEX APPROVED BY THE BOARD BASED ON THE CONSUMER PRICE INDEX. FORM 990, PART VI, SECTION C, LINE 19 PRITCHETT WATER SUPPLY IS SUBJECT TO OPEN RECORDS; IT PROVIDES ITS GOVERNING BODY DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS TO THE PUBLIC UPOM REQUEST. FORM 990, PART XI, LINE 9: AMORTIZATION OF CONTRIBUTED CAPITAL -24,640. CONTRIBUTED CAPITAL 17,338. MEMBERSHIP ISSUED/REFUNDED NET 13,355. ROUNDING