2025-07-08T09:54:47-05:00 2024-12-31 752147296 GOLLOB MORGAN PEDDY PC 1001 ESE LOOP 323 STE 300 TYLER TX 75701 990 2024-01-01 237440954 STAR MOUNTAIN WATER SUPPLY CORPORATION STAR 9038773096 PO BOX 528 WINONA TX 75792 RITA CLINE OFFICE MANAGER 9038773096 2025-07-07 1 0 KEVIN CASHION P00246409 9035340088 2025-07-07 2024 2025-03-06 01:10:19Z JASON ADAIR PO BOX 528 WINONA TX 75792 881398 0 X WWW.SMWSC.COM X 1968 TX PROVIDE WATER SERVICES TO STARRVILLE AND THE SURROUNDING AREA IN NORTHERN SMITH COUNTY. 7 7 6 0 0 0 0 144974 514590 731648 0 3763 652 0 515242 880385 0 0 0 0 217728 235713 0 0 0 611868 613747 829596 849460 -314354 30925 3128484 2212840 1390908 1055793 1737576 1157047 PROVIDE WATER SERVICES TO STARRVILLE AND THE SURROUNDING AREA IN NORTHERN SMITH COUNTY. 0 0 849460 144974 731648 PROVIDE WATER SERVICES TO STARRVILLE AND THE SURROUNDING AREA IN NORTHERN SMITH COUNTY. 849460 0 1 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 3 0 6 1 0 0 0 0 0 0 0 0 0 731648 148737 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 RITA CLINE 9038773096 PO BOX 528 WINONA TX 75792 CHUCK DEMAREE PRESIDENT 2.00 X X 0 0 0 JOHN WEAVER VICE-PRESIDENT 2.00 X X 0 0 0 PEGGY CHILDRESS SECRETARY 2.00 X X 0 0 0 STACEY GATES DIRECTOR 2.00 X 0 0 0 HELEN LOWRY DIRECTOR 2.00 X 0 0 0 JASON ADAIR DIRECTOR 2.00 X 0 0 0 RENNY REED DIRECTOR 2.00 X 0 0 0 BRANDI MARTIN OFFICE ADMIN 30.00 X 54267 0 0 54267 0 0 0 0 0 0 0 144974 144974 WATER SALES 221000 661457 661457 TRANSFER/INSTALL FEES 221000 70191 70191 731648 3776 3776 1000 1013 -13 -13 -13 880385 731648 0 3763 54267 54267 165161 165161 16285 16285 180 180 33316 33316 6649 6649 1053 1053 48587 48587 1445 1445 51441 51441 104467 104467 59479 59479 WATER SYSTEM REPAIRS 143726 143726 UTILITIES 74019 74019 REPAIRS & MAINENANCE 47300 47300 PRINTING & PUBLICATION 18206 18206 23879 23879 849460 849460 0 0 354067 113700 106263 77812 110737 41752 17249 17249 10976 0 3170249 1207922 2529192 1962327 3128484 2212840 94160 40650 888429 832034 408319 183109 1390908 1055793 X 0 0 773268 1157047 964308 0 1737576 1157047 3128484 2212840 X 30925 338529 -949983 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56881 56881 53912 39897 14015 2769317 984619 1784698 275679 168946 106733 14460 14460 0 1962327 CUSTOMER DEPOSITS 63855 ACCRUED EXPENSES 11628 DEFERRED REVENUES 107626 183109 X 880385 0 880385 0 880385 835135 -14325 -14325 849460 0 849460 PART X, LINE 2: THE CORPORATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10, ACCOUNTING FOR INCOME TAXES. THE CORPORATIONRECORDED NO ADJUSTMENTS AS A RESULT OF THIS IMPLEMENTATION. ALTHOUGH THE CORPORATION IS A TAX EXEMPT ENTITY AS DESCRIBED ABOVE, IT CAN INCUR TAXES FOR UNRELATED BUSINESS OPERATIONS THAT ARE NOT PART OF ITS TAX EXEMPT PURPOSES. THE CORPORATION RECORDS A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. THE CORPORATION CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. PART XII, LINE 2D - OTHER ADJUSTMENTS: AMORTIZATION OF AID TO CONSTRUCTION FORM 990, PART VI, SECTION A, LINE 6 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 MEMBERS OF STAR MOUNTAIN WATER SUPPLY ELECT THE DIRECTORS WHO OVERSEE THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS CANNOT MAKE ANY CHANGES TO THE BYLAWS OF THE CORPORATION WITHOUT THE APPROVAL OF THE MEMBERS BY A VOTE. FORM 990, PART VI, SECTION B, LINE 11B 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 14,325. CONTRIBUTED EQUITY GRANT -964,308.