Nonprofit · EIN 74-1502882
LEVI WATER SUPPLY CORPORATION
Tax-exempt · LORENA, TX 76655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,122,843 | $859,258 | $263,585 | $4,776,317 | $2,274,639 | $2,501,678 |
| December 31, 2023 | 990 | $756,770 | $788,392 | -$31,622 | $4,184,489 | $2,523,494 | $1,660,995 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $112,230
- Program service revenue
- $919,165
- Investment income
- $86,663
- Net gain from sales of assets
- $22,099
- Other revenue
- $4,785
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $98,209
- Salaries, compensation and benefits (total)
- $105,723
- Professional fundraising fees
- $0
- Legal fees
- $3,334
- Accounting fees
- $10,471
- Depreciation
- $168,426
- Program services (functional)
- $559,374
- Management and general (functional)
- $131,458
Balance sheet and other
- Total assets, start of year
- $4,184,489
- Total assets, end of year
- $4,776,317
- Total liabilities, end of year
- $2,274,639
- Net assets, end of year
- $2,501,678
- Land, buildings and equipment
- $3,183,982
- Net assets without donor restrictions
- $2,501,678
- Gross unrelated business income
- $24,725
- Gross receipts
- $1,162,751
- Employees
- 2
- Volunteers
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Sheffield | Manager Key employee | 40 | $64,656 |
| Chris Miller | President Trustee or director, Officer | 1 | $0 |
| John Hahne | Vice-president Trustee or director, Officer | 1 | $0 |
| Connie Wedemeyer | Secretary Trustee or director, Officer | 1 | $0 |
| Larry Groth | Treasurer Trustee or director, Officer | 1 | $0 |
| Gayle Richey | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jim Sheffield | Manager Key employee | 35 | $66,004 |
| Larry Groth | President Trustee or director, Officer | 1 | $0 |
| Mike Meadows | Vice-president Trustee or director, Officer | 1 | $0 |
| Connie Wedemeyer | Secretary Trustee or director, Officer | 1 | $0 |
| Christine Miller | Treasurer Trustee or director, Officer | 1 | $0 |
| John Hahne | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 490, LORENA, TX 76655-0490
- Principal officer (990 for 2024)
- Chris Miller, P O Box 490, Lorena, TX 76655
- Signed the 990
- Jim Sheffield, General Manager
- Phone
- (254) 857-3050
- Website
- www.leviwater.com
- Return prepared by
- John W McAnally PC CPA
Mission
To provide a reliable source of potable water to all residential, commercial, and agricultural members at a reasonable cost in a manner that protects the environment and promotes development.
Program accomplishments
- The organization furnishes a water utility service to rural areas of Falls and McLennan Counties, Texas. Current number of meters serviced is 788.
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
- 74-1502882
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,776,317
- Income (IRS master file)
- $1,162,751
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,122,843 | $859,258 | $4,776,317 | XML |
| 990 | December 2023 | $756,770 | $788,392 | $4,184,489 | XML |
| 990 | December 2022 | $945,114 | $749,432 | $4,155,923 | 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 74-1502882).
Questions about LEVI WATER SUPPLY CORPORATION
- What is the EIN of LEVI WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of LEVI WATER SUPPLY CORPORATION is 74-1502882.
- Is LEVI WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1988.
- Are donations to LEVI WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEVI WATER SUPPLY 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 LEVI WATER SUPPLY 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 LEVI WATER SUPPLY 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 LEVI WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2024 names Chris Miller.
- Who are the officers and directors of LEVI WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $64,656 (Jim Sheffield, Manager).
- How much revenue does LEVI WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,122,843, expenses of $859,258 and total assets of $4,776,317 at year end.
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