2025-07-30T08:33:51-05:00 2024-12-31 752393478 WHITLEY PENN LLP 640 TAYLOR STREET SUITE 2200 FT WORTH TX 76102 990 2024-10-22 751640836 RCH WATER SUPPLY CORPORATION RCHW 2547761999 PO BOX 2318 ROCKWALL TX 75087 ROBIN MAYALL CHIEF EXECUTIVE OFFICER 2547761999 2025-07-11 1 1 EMILY LANDRY P01614538 8172599100 2024 2025-03-06 01:10:19Z X X ROBIN MAYALL PO BOX 2318 ROCKWALL TX 75087 1278651 0 X RCHWATER.MYRURALWATER.COM X 1961 TX RCH FURNISHES A WATER SUPPLY TO INDIVIDUALS RESIDING IN THE RURAL COMMUNITY OF ROCKWALL, TEXAS, AND THE SURROUNDING RURAL AREAS. RCH SERVESAPPROXIMATELY 3,000 MEMBERS. IT OWNS A PUMP STATION, WATER TOWER AND STORAGE FACILITIES AT A SINGLE SITE NORTH OF ITS SYSTEM. 5 5 4 0 0 0 77250 1162651 38750 0 1278651 0 0 187188 0 0 1578986 1766174 -487523 32768837 19308140 13460697 RCH FURNISHES A WATER SUPPLY TO INDIVIDUALS RESIDING IN THE RURAL COMMUNITY OF ROCKWALL, TEXAS, AND THE SURROUNDING RURAL AREAS. RCH SERVESAPPROXIMATELY 3,000 MEMBERS. IT OWNS A PUMP STATION, WATER TOWER AND STORAGE FACILITIES AT A SINGLE SITE NORTH OF ITS SYSTEM. 0 0 RCH FURNISHES A WATER SUPPLY TO INDIVIDUALS RESIDING IN THE RURAL COMMUNITY OF ROCKWALL, TEXAS, AND THE SURROUNDING RURAL AREAS. RCH SERVESAPPROXIMATELY 3,000 MEMBERS. IT OWNS A PUMP STATION, WATER TOWER AND STORAGE FACILITIES AT A SINGLE SITE NORTH OF ITS SYSTEM. 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 4 1 0 0 0 0 0 0 0 77250 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X WHITLEY PENN 2547761999 PO BOX 2318 ROCKWALL TX 75087 X DAVID NAYLOR PRESIDENT 1.00 X X 0 0 0 TERRY PREUNINGER VICE PRESIDENT 1.00 X X 0 0 0 GEOFFREY KEMP TREASURER/SECRETARY 1.00 X X 0 0 0 CHRIS GEORGE DIRECTOR 1.00 X 0 0 0 JAMIE KINNEY DIRECTOR 1.00 X 0 0 0 ROBIN MAYALL CHIEF EXECUTIVE OFFICER 40.00 X 176058 0 9247 176058 0 9247 1 0 1 0 JAMES D BRADBURY PLLC 9111 JOLLYVILLE RD STE 220 AUSTIN TX 78759 LEGAL SERVICES 503841 WHITLEY PENN LLP 640 TAYLOR ST STE 2200 FORT WORTH TX 76102 ACCOUNTING SERVICES 318871 DENTONS US LLP 233 S WACKER DR STE 5900 CHICAGO IL 60606 LEGAL SERVICES 220991 MID CIMARRON UTILITY SUPPLY CO 900 S PENNSYLVANIA AVE GUTHRIE OK 73044 EQUIPMENT INSTALLATION 146046 4 77250 77250 WATER 221000 1162651 1162651 1162651 38750 38750 1278651 1162651 0 38750 31694 89115 3367 18134 44878 327310 79810 48895 4405 34535 246210 217252 7819 WATER 346577 JOB SUPPLIES 204068 PENALTIES 23473 BILLING 11472 27160 1766174 2022492 655613 348896 175000 59631 32945878 21230817 0 11715061 0 17792144 0 32768837 1192140 18116000 0 19308140 X 13460697 0 13460697 0 32768837 X -487523 13948220 X X 0 1 X 1 0 4627027 4627027 26830979 21190358 5640621 1308458 1308458 179414 40459 138955 11715061 DEPOSIT - FELIX CONSTRUCTION 17792144 17792144 X 4684006 3405355 3405355 1278651 0 1278651 6962351 5196177 5196177 1766174 0 1766174 PART X, LINE 2: THE COMPANY IS SUBJECT TO FEDERAL INCOME TAX AND STATE MARGIN TAX (WHICH IS TREATED AS AN INCOME TAX). TAX EXPENSE INCLUDES FEDERAL TAXES CURRENTLY PAYABLE, DEFERRED TAXES ARISING FROM TEMPORARY DIFFERENCES BETWEEN INCOME FOR FINANCIAL REPORTING AND INCOME TAX PURPOSES, AND THE STATE MARGIN TAX. IN ACCORDANCE WITH ASC 740-10 FASB INTERPRETATION (FIN) 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT EVALUATED THE COMPANY'S TAX POSITIONS. IT CONCLUDED THAT THE COMPANY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRED ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE COMPANY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES, WITH FEW EXCEPTIONS FOR ANY TAX FILINGS BEFORE THE THREE MOST RECENT FILINGS. THE COMPANY ACCOUNTS FOR INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS PART OF ITS INCOME TAX PROVISION. FOR THE YEAR ENDED DECEMBER 31, 2024, THE COMPANY EXPENSED $79,342 OF TAXES, INTEREST, AND PENALTIES, WHICH IS REFLECTED IN INCOME TAX ON THE STATEMENT OF OPERATIONS. THE COMPANY FILED FOR TAX EXEMPTION STATUS IN OCTOBER 2024. AS OF THE DATE OF ISSUANCE, THE COMPANY IS WAITING FOR THE INTERNAL REVENUE SERVICE (IRS) TO APPROVE THE STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME REPORTED ON FORM 1120 3,405,355. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES REPORTED ON FORM 1120 5,196,177. 0 0 0 ROBIN MAYALL CHIEF EXECUTIVE OFFICER 176058 0 0 0 0 0 9247 0 0 0 185305 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED IN DETAIL AND APPROVED BY THE BOARD. PRIOR TO THE RETURN BEING FILED A COPY IS PROVIDED TO THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C: THE AUDIT PROCESS STARTED IN THE CURRENT YEAR. FORM 990, PART XI, LINE 5: TRANSFER OF $15,739,042 OF NET ASSETS FROM THE CORPORATION TO THE TAX-EXEMPT ORGANIZATION. PART VII, SECTION A AND B: PART VII, SECTION A AND B OF THIS SHORT YEAR RETURN REFLECT A FULL YEAR'S WAGES TO EMPLOYEES AND FEES TO INDEPENDENT CONTRACTORS. WHILE THE ORGANIZATION EXISTED FOR ALL OF 2024, IT WAS A TAX-EXEMPT ORGANIZATION BEGINNING OCTOBER 22, 2024.