Nonprofit · EIN 73-1459084
CRETA WATER CORPORATION
Tax-exempt · ALTUS, OK 73522
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $222,234 | $247,846 | -$25,612 | $1,112,261 | $543,591 | $568,670 |
| December 31, 2023 | 990 | $255,734 | $219,523 | $36,211 | $1,411,173 | $816,891 | $594,282 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $222,384
- Net rental income
- -$150
- Net gain from sales of assets
- $216,251
- Other revenue
- -$150
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,000
- Program services (functional)
- $247,846
Balance sheet and other
- Total assets, start of year
- $1,411,173
- Total assets, end of year
- $1,112,261
- Total liabilities, end of year
- $543,591
- Net assets, end of year
- $568,670
- Land, buildings and equipment
- $1,112,261
- Net assets without donor restrictions
- $568,670
- Gross receipts
- $492,477
- Employees
- 0
- Year formed
- 1992
- State of legal domicile
- OK
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TJ BEACH | MEMBER Trustee or director | 0 | $0 |
| GARY WINSETT | MEMBER Trustee or director | 0 | $0 |
| ROBERT PRESTON | CHAIRMAN Trustee or director, Officer | 0.7 | $0 |
| JASON DRURY | VICE CHARMAN Trustee or director, Officer | 0.7 | $0 |
| SCOTT PRYOR | SECRETARYTREASURER Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TJ BEACH | MEMBER Trustee or director | 0 | $0 |
| GARY WINSETT | MEMBER Trustee or director | 0 | $0 |
| SCOTT PRYOR | SECRETARYTREASURER Trustee or director, Officer | 0 | $0 |
| ROBERT PRESTON | CHAIRMAN Trustee or director, Officer | 0.7 | $0 |
| JASON DRURY | VICE CHARMAN Trustee or director, Officer | 0.7 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 758, ALTUS, OK 73522-0758
- In care of
- % ROBERT PRESTON
- Principal officer (990 for 2024)
- ROBERT PRESTON, 20022 ECR 171, Olustee, OK 73560
- Signed the 990
- ROBERT PRESTON, CHAIRMAN
- Phone
- (580) 482-6583
- Return prepared by
- ECKHART TAX & ACCT
Mission
TO CONSTRUCT A WATER DISTRIBUTION SYSTEM AND TO SELL WATER TO RURALRESIDENTIAL MEMBERS AND TO PUBLIC AUTHORITIES.
Program accomplishments
- WATER WAS SOLD AND DISTRIBUTED TO MEMBERS. THERE WERE 3567 ACTIVE SERVICES AT YEAR END.Expenses $247,846
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 | Not 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
- 73-1459084
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $1,112,261
- Income (IRS master file)
- $492,477
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $222,234 | $247,846 | $1,112,261 | XML |
| 990 | December 2023 | $255,734 | $219,523 | $1,411,173 | XML |
| 990 | December 2022 | $643,680 | $472,999 | $1,446,817 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 73-1459084).
Questions about CRETA WATER CORPORATION
- What is the EIN of CRETA WATER CORPORATION?
- The employer identification number (EIN) of CRETA WATER CORPORATION is 73-1459084.
- Is CRETA WATER CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1999.
- Are donations to CRETA WATER CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CRETA WATER CORPORATION 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 CRETA WATER CORPORATION 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 CRETA WATER CORPORATION 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 CRETA WATER CORPORATION?
- The 990 for the year ended December 31, 2024 names ROBERT PRESTON.
- Who are the officers and directors of CRETA WATER CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CRETA WATER CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $222,234, expenses of $247,846 and total assets of $1,112,261 at year end.
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