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Nonprofit · EIN 23-7350534

NORTH FARMERSVILLE WATER SUPPLY

Tax-exempt · FARMERSVILLE, TX 75442

Financials

$201K$293K2023$262K$277K2024
Revenue Expenses · by fiscal year end
Financials of NORTH FARMERSVILLE WATER SUPPLY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$262,254$276,691-$14,437$274,740$995$273,745
December 31, 2023990$200,995$292,776-$91,781$302,378$18,425$283,953
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$262,254
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$33,786
Other salaries and wages
$13,660
Salaries, compensation and benefits (total)
$51,321
Professional fundraising fees
$0
Accounting fees
$2,735
Depreciation
$11,651

Balance sheet and other

Total assets, start of year
$302,378
Total assets, end of year
$274,740
Total liabilities, end of year
$995
Net assets, end of year
$273,745
Land, buildings and equipment
$271,155
Gross receipts
$262,254
Employees
4
Volunteers
0
Year formed
1968
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
TONY MCCLAINDIRECTOR/MANAGER
Trustee or director
25$20,766
SANDRA MCCLAIN DOD 1262024TREASURER/SEC
Officer
25$13,020
KELLY HENDREXDIRECTOR
Trustee or director
0$0
SHARON MCCLAINDIRECTOR
Trustee or director
0$0
JOE WISERPRESIDENT
Officer
0$0
CATHY JACKSONVICE PRESIDENT
Officer
0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
TONY MCCLAINDIRECTOR/MANAGER
Trustee or director
25$21,308
SANDRA MCCLAINTREASURER/SEC
Officer
25$13,056
KELLY HENDREXDIRECTOR
Trustee or director
0$0
SHARON MCCLAINDIRECTOR
Trustee or director
0$0
JOE WISERPRESIDENT
Officer
0$0
CATHY JACKSONVICE PRESIDENT
Officer
0$0

Address and contacts

Address (IRS master file)
3681 LEE JOHNSON RD, FARMERSVILLE, TX 75442-0000
Principal officer (990 for 2024)
TONY MCCLAIN, 3681 LEE JOHNSON FARM RD, FARMERSVILLE, TX 75442
Signed the 990
TONY MCCLAIN, DIRECTOR/MANAGER
Phone
(972) 658-5005
Return prepared by
RUTHERFORD TAYLOR & COMPANY PC

Mission

THE CORPORATION PROVIDES POTABLE WATER TO RURAL CUSTOMERS IN AND AROUND COLLIN COUNTY, TEXAS

990 for the year ended December 31, 2024

Program accomplishments

  • POTABLE WATER TO RURAL CUSTOMERS IN AND AROUND COLLIN COUNTY, TEXAS
    Expenses $276,691 · revenue $262,254

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7350534
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$274,740
Income (IRS master file)
$262,254

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$262,254$276,691$274,740XML
990December 2023$200,995$292,776$302,378XML
990December 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 23-7350534).

Questions about NORTH FARMERSVILLE WATER SUPPLY

What is the EIN of NORTH FARMERSVILLE WATER SUPPLY?
The employer identification number (EIN) of NORTH FARMERSVILLE WATER SUPPLY is 23-7350534.
Is NORTH FARMERSVILLE WATER SUPPLY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1974.
Are donations to NORTH FARMERSVILLE WATER SUPPLY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NORTH FARMERSVILLE WATER SUPPLY 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 NORTH FARMERSVILLE WATER SUPPLY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NORTH FARMERSVILLE WATER SUPPLY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NORTH FARMERSVILLE WATER SUPPLY?
The 990 for the year ended December 31, 2024 names TONY MCCLAIN.
Who are the officers and directors of NORTH FARMERSVILLE WATER SUPPLY?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $20,766 (TONY MCCLAIN, DIRECTOR/MANAGER).
How much revenue does NORTH FARMERSVILLE WATER SUPPLY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $262,254, expenses of $276,691 and total assets of $274,740 at year end.

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