2024-11-15T14:41:58-06:00 2023-12-31 720398470 HEARD MCELROY & VESTAL LLC 2403 JUDSON ROAD LONGVIEW TX 75605 990 2023-01-01 751709569 JACKSON WATER SUPPLY CORPORATION JACK 9035661320 17764 CR 26 TYLER TX 75707 HENRY SMITH VICE PRESIDENT 9035661320 2024-11-14 1 0 REBECCA VANNATTAN CPA P01781574 9037580734 2024-11-14 2023 2024-10-15 13:58:12Z HENRY SMITH 17764 CR 26 TYLER TX 75707 1445848 0 X JACKSONWATERSUPPLY.COM X 1967 TX WATER IS SUPPLIED TO ITS MEMBERS, BOTH RESIDENTIAL AND COMMERCIAL, IN THE JACKSON COMMUNITY AND SURROUNDING AREAS. THE COMPANY EXPANDS ITS DISTRICT TO MEET THE NEEDS OF ITS MEMBERS. 7 7 14 7 780 0 0 0 1207301 1431119 399 13949 780 780 1208480 1445848 0 0 0 0 422758 435364 0 0 0 1005193 951048 1427951 1386412 -219471 59436 3643250 3600257 1655958 1559927 1987292 2040330 WATER IS SUPPLIED TO ITS MEMBERS, BOTH RESIDENTIAL AND COMMERCIAL, IN THE JACKSON COMMUNITY AND SURROUNDING AREAS. THE COMPANY EXPANDS ITS DISTRICT TO MEET THE NEEDS OF ITS MEMBERS. 0 0 1386412 1431119 PROVIDE WATER SERVICE TO MEMBERS 1386412 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 0 0 14 1 0 0 0 0 0 0 0 0 0 1415789 10396 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 0 0 X ALANA NEAL 9035661320 17764 CR 26 TYLER TX 75707 GATHA GOSS SEC - TREAS 0.25 X X 0 0 0 ROY WILLIAMSON DIRECTOR 0.25 X 0 0 0 JIMMY PINKE DIRECTOR 0.00 X 0 0 0 HENRY SMITH VICE PRESIDENT 0.25 X X 0 0 0 KATHY BARFIELD DIRECTOR 0.25 X 0 0 0 GLYN THOMAS DIRECTOR 0.25 X 0 0 0 ADRYLL WARREN PRESIDENT 0.25 X X 0 0 0 AMBER N DURHAM GENERAL MANAGER 40.00 X 75534 0 0 75534 0 0 0 0 0 0 0 OPER INC: WATER SALES 221000 1187506 1187506 NEW SERVICE FEES 221000 146965 146965 NON-OPER INC: MISC INC 221000 50789 50789 OPER INC: LATE FEES-PE 221000 45859 45859 1431119 9616 9616 4333 0 4333 4333 4333 LEASE REVENUE 531190 780 780 780 1445848 1431119 780 13949 75534 324332 35498 9398 46724 6844 39529 3830 83826 357256 103168 UTILITIES 146162 REPAIRS & MAINTENANCE 93308 DIRECTOR MEETING EXPENS 30332 OTHER EXPENSE 26799 3872 1386412 376856 449621 678786 583836 93842 664 68121 199702 28849 29782 7452830 5227305 2292122 2225525 104674 111127 3643250 3600257 127496 97882 429246 428004 1099216 1034041 1655958 1559927 X 1987292 2040330 0 0 0 0 1987292 2040330 3643250 3600257 X 59436 -6398 X 1 X 0 0 0 86217 86217 363112 225843 137269 375860 264397 111463 6627641 4737065 1890576 2225525 CUSTOMER DEPOSITS 174185 ACCRUED VACATION 13801 TCEQ PAYABLE 1117 CURRENT MATURITIES OF BONDS 73395 CONTRACT LIABILITIES 624722 CITIZENS LOAN 105210 WELLS FARGO- BOBCAT 41611 1034041 X 1445848 0 1445848 0 1445848 1386412 0 1386412 0 1386412 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. WE FILE FORM 990 IN THE U.S. FEDERAL JURISDICTION. WE ARE GENERALLY NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - JACKSON WATER SUPPLY HAS 1,590 MEMBERS AS OF THE END OF THE TAX YEAR LIVING IN THE RURAL JACKSON COMMUNITY IN SMITH COUNTY, TEXAS SERVICED BY THE WATER SUPPLY. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - MEMBERS OF THE JACKSON 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 PRESIDENT OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A JACKSON WATER SUPPLY'S DIRECTORS ARE NOT COMPENSATED FOR THEIR SERVICES. THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION FOR ANY KEY EMPLOYEES. EMPLOYEE COMPENSATION IS RAISED ANNUALLY BY BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 JACKSON WATER SUPPLY IS SUBJECT TO OPEN RECORDS. IT PROVIDES ITS GOVERNING BODY DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 2. CHANGE IN AID TO CONSTRUCTION -6,400.