2024-07-11T08:32:19-05:00 2023-12-31 720398470 HEARD MCELROY & VESTAL LLC 2403 JUDSON ROAD LONGVIEW TX 75605 990 2023-01-01 237440954 STAR MOUNTAIN WATER SUPPLY CORPORATION STAR 9038773096 PO BOX 528 WINONA TX 75792 PEGGY CHILDRESS SECRETARY 9038773096 2024-06-17 1 PEGGY CHILDRESS 999009999 0 REBECCA VANNATTAN CPA P01781574 9037580734 2024-06-17 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z PO BOX 528 WINONA TX 75792 515242 0 X WWW.SMWSC.COM X 1968 TX TO FURNISH A WATER SUPPLY FOR GENERAL FARM USE AND DOMESTIC PURPOSES TO APPROXIMATELY 670 INDIVIDUALS RESIDING IN THE RURAL COMMUNITY OF WATERS BLUFF AND STARRVILLE, TEXAS, AND THE SURROUNDING RURAL AREAS. 7 7 7 0 0 0 0 0 527859 514590 0 0 38907 652 566766 515242 0 0 0 0 169602 217728 0 0 0 341329 611868 510931 829596 55835 -314354 3234221 3128484 1305211 1390908 1929010 1737576 TO FURNISH A WATER SUPPLY FOR GENERAL FARM USE AND DOMESTIC PURPOSES TO APPROXIMATELY 670 INDIVIDUALS RESIDING IN THE RURAL COMMUNITY OF WATERS BLUFF AND STARRVILLE, TEXAS, AND THE SURROUNDING RURAL AREAS. 0 0 829596 515242 PROVIDING WATER SUPPLY FOR GENERAL FARM USE AND DOMESTIC PURPOSES TO APPROXIMATELY 670 INDIVIDUALS RESIDING IN THE RURAL COMMUNITY SERVICED BY STAR MOUNTAIN WATER SUPPLY CORPORATION. 829596 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 10 0 1 7 1 0 0 0 0 0 0 0 514590 652 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 0 0 0 X BRANDI MARTIN 9038773096 PO BOX 528 WINONA TX 75792 CHUCK DEMAREE PRESIDENT 2.00 X X 0 0 0 PEGGY CHILDRESS SECRETARY 2.00 X X 0 0 0 HELEN LOWRY BOARD MEMBER 2.00 X 0 0 0 JOHN WEAVER VICE PRESIDENT 2.00 X X 0 0 0 RENNY REED BOARD MEMBER 2.00 X 0 0 0 WAYNE LOTT BOARD MEMBER 2.00 X 0 0 0 ROGER MCCOY BOARD MEMBER 2.00 X 0 0 0 BRANDI MARTIN OFFICE ADMIN 30.00 X 53554 0 0 53554 0 0 0 0 0 0 0 WATER SALES 221000 501091 501091 TRANSFER/INSTALL FEES 221000 13499 13499 514590 INSURANCE PROCEEDS 900099 652 652 652 515242 515242 0 0 53554 53554 160374 160374 3800 3800 18288 18288 45922 45922 52728 52728 73933 73933 42533 42533 WATER SYSTEM REPAIRS 264736 264736 UTILITIES 50486 50486 REPAIRS 36091 36091 LAB FEES 7912 7912 19239 19239 829596 829596 0 0 517099 354067 106263 106263 62953 110737 17249 17249 10032 10976 3646836 1117644 2519625 2529192 1000 0 3234221 3128484 4752 94160 928488 888429 371971 408319 1305211 1390908 X 0 0 1087624 733268 841386 964308 1929010 1737576 3234221 3128484 X -314354 122920 X 0 1 X 1 0 53912 38186 15726 3287585 907216 2380369 290879 157782 133097 14460 14460 0 2529192 CUSTOMER DEPOSITS 67000 ACCRUED EXPENSES 15372 CONTRACT LIABILITIES 73347 DEFERRED REVENUES 252600 408319 515242 0 515242 0 515242 829596 0 829596 0 829596 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - STAR MOUNTAIN WATER SUPPLY CORPORATION (SMWSC) PROVIDES WATER TO ITS APPROXIMATELY 790 MEMBERS. EACH OF ITS MEMBERS ARE RESIDENTS OF THE RURAL COMMUNITY SERVICED BY SMWSC. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - MEMBERS OF STAR MOUNTAIN 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 - A COPY OF THE FORM 990 AND ALL RELATED SCHEDULES IS REVIEWED BY STAR MOUNTAIN WATER SUPPLY CORPORATION'S OFFICERS EACH YEAR BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COMPENSATION, RELATIONSHIPS, CONTRACTS, TRANSACTIONS, AND ANY OTHER EVENT DESCRIBED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY ARE REGULARLY REVIEWED AND ADDRESSED IN ORDER TO PREVENT ANY OCCURANCE OF A CONFLICT OF INTEREST. IN THE EVENT THAT SUCH A CONFLICT ARISES, THE OFFICER OR DIRECTOR IS REQUIRED TO DISCLOSE THE MATERIAL FACTS AS TO THE RELATIONSHIP OR INTEREST RESULTING IN THE CONFLICT AND ABSTAIN FROM DISCUSSION AND VOTING, AS A MATTER OF RECORD, ON THAT ISSUE. THE BOARD WILL HOLD A MEETING TO DELIBERATE THE ACTIONS NEEDED TO ADDRESS SUCH A CONFLICT WHEN IT ARISES. FORM 990, PART VI, SECTION B, LINE 15 STAR MOUNTAIN WATER SUPPLY CORPORATION (SMWSC) HAS ONLY ONE REGULARLY SCHEDULED EMPLOYEE. THIS EMPLOYEE'S COMPENSATION, AS WELL AS THE COMPENSATION OF ANY OTHER PERSONNEL TEMPORARILY EMPLOYED, IS DETERMINED, REVIEWED, AND VOTED ON BY THE BOARD. HOWEVER, THERE IS NO WRITTEN POLICY STATING THE PROCEDURES FOR SETTING EMPLOYEE COMPENSATION. THE ETHICAL STANDARDS AND CONFLICT OF INTEREST POLICY IN PLACE STATES THAT "NO OFFICER OR DIRECTOR OF THE CORPORATION SHALL BE ENTITLED TO ANY COMPENSATION FOR OR IN CONSIDERATION OF THE EXECUTION OF HIS OR HER DUTIES AS OFFICER OR DIRECTOR." FORM 990, PART VI, SECTION C, LINE 19 STAR MOUNTAIN 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: AMORTIZATION OF AID TO CONSTRUCTION -27,080. CONTRIBUTED CAPITAL 150,000.