Nonprofit · EIN 23-7029872
WHITE SHED WATER SUPPLY CORP
Tax-exempt · IVANHOE, TX 75447
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $895,928 | $956,089 | -$60,161 | $2,856,205 | $58,171 | $2,798,034 |
| December 31, 2024 | 990 | $986,259 | $939,909 | $46,350 | $2,887,420 | $30,125 | $2,857,295 |
| December 31, 2023 | 990 | $832,220 | $673,714 | $158,506 | $2,870,347 | $59,852 | $2,810,495 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $888,302
- Investment income
- $7,626
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $217,616
- Salaries, compensation and benefits (total)
- $285,349
- Professional fundraising fees
- $0
- Occupancy
- $49,202
- Depreciation
- $108,173
- Program services (functional)
- $854,867
- Management and general (functional)
- $101,222
Balance sheet and other
- Total assets, start of year
- $2,887,420
- Total assets, end of year
- $2,856,205
- Total liabilities, end of year
- $58,171
- Net assets, end of year
- $2,798,034
- Land, buildings and equipment
- $2,440,972
- Net assets without donor restrictions
- $2,798,034
- Gross receipts
- $895,928
- Employees
- 5
- Year formed
- 1964
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAYLAND GIBBS | Director Trustee or director | 0 | $0 |
| JODIE GIBBS | President Trustee or director, Officer | 0 | $0 |
| TAMMY HOUSE | Director Trustee or director | 0 | $0 |
| STUART HALL | Director Trustee or director | 0 | $0 |
| TRACEY LACKEY | Vice President Trustee or director, Officer | 0 | $0 |
| BRIAN HARDY | Secretary/Treas Trustee or director, Officer | 0 | $0 |
| JASON MUSSETT | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAYLAND GIBBS | Director Trustee or director | 0 | $0 |
| JODIE GIBBS | President Trustee or director, Officer | 0 | $0 |
| TAMMY HOUSE | Director Trustee or director | 0 | $0 |
| STUART HALL | Director Trustee or director | 0 | $0 |
| TRACY LACKEY | Vice President Trustee or director, Officer | 0 | $0 |
| BRIAN HARDY | Secretary/Treas Trustee or director, Officer | 0 | $0 |
| JASON MUSSETT | Director Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAYLAND GIBBS | Director Trustee or director | 0 | $0 |
| JODIE GIBBS | President Trustee or director, Officer | 0 | $0 |
| TAMMY HOUSE | Director Trustee or director | 0 | $0 |
| STUART HALL | Director Trustee or director | 0 | $0 |
| TRACY LACKEY | Vice President Trustee or director, Officer | 0 | $0 |
| BRIAN HARDY | Secretary/Treas Trustee or director, Officer | 0 | $0 |
| JASON MUSSETT | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 80, IVANHOE, TX 75447-0080
- Principal officer (990 for 2025)
- WILMA GIBBS
- Signed the 990
- WILMA GIBBS, President
- Website
- whiteshedwsc.com
- Return prepared by
- MCCLANAHAN & HOLMES
Mission
PROVIDE WATER FOR FARM AND RURAL DOMESTIC USE IN RURAL AREAS OF NORTHERN FANNIN COUNTY
Program accomplishments
- CORPORATION PROVIDES WATER TO APPROXIMATELY 1,224 MEMBERS FOR FARM AND RURAL DOMESTIC USE IN RURAL AREAS OF NORTHERN FANNIN COUNTYExpenses $956,089
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7029872
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Exempt since
- 1969
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80Z)
- Assets (IRS master file)
- $2,856,205
- Income (IRS master file)
- $895,928
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $895,928 | $956,089 | $2,856,205 | IRS |
| 990 | December 2024 | $986,259 | $939,909 | $2,887,420 | IRS |
| 990 | December 2023 | $832,220 | $673,714 | $2,870,347 | XML |
| 990 | December 2022 | $721,709 | $573,967 | $2,741,961 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7029872).
Questions about WHITE SHED WATER SUPPLY CORP
- What is the EIN of WHITE SHED WATER SUPPLY CORP?
- The employer identification number (EIN) of WHITE SHED WATER SUPPLY CORP is 23-7029872.
- Is WHITE SHED WATER SUPPLY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1969.
- Which annual return does WHITE SHED WATER SUPPLY CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WHITE SHED WATER SUPPLY CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WHITE SHED WATER SUPPLY CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WHITE SHED WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2025 names WILMA GIBBS.
- Who are the officers and directors of WHITE SHED WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does WHITE SHED WATER SUPPLY CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $895,928, expenses of $956,089 and total assets of $2,856,205 at year end.
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