Nonprofit · EIN 74-1599312
GHOLSON WATER SUPPLY CORPORATION
Tax-exempt · WACO, TX 76705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,163,249 | $1,120,114 | $43,135 | $2,941,143 | $144,405 | $2,796,738 |
| December 31, 2024 | 990 | $967,830 | $1,138,822 | -$170,992 | $2,904,249 | $150,646 | $2,753,603 |
| December 31, 2023 | 990 | $960,956 | $948,557 | $12,399 | $3,104,944 | $180,349 | $2,924,595 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,118,853
- Investment income
- $26,588
- Net rental income
- $17,808
- Other revenue
- $17,808
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $68,367
- Other salaries and wages
- $110,788
- Salaries, compensation and benefits (total)
- $208,555
- Professional fundraising fees
- $0
- Legal fees
- $2,256
- Accounting fees
- $8,852
- Occupancy
- $249,659
- Travel
- $7,003
- Depreciation
- $200,536
- Program services (functional)
- $976,164
- Management and general (functional)
- $143,950
Balance sheet and other
- Total assets, start of year
- $2,904,249
- Total assets, end of year
- $2,941,143
- Total liabilities, end of year
- $144,405
- Net assets, end of year
- $2,796,738
- Land, buildings and equipment
- $1,552,757
- Net assets without donor restrictions
- $2,796,738
- Gross receipts
- $1,163,249
- Employees
- 4
- Volunteers
- 5
- Year formed
- 1996
- 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 |
|---|---|---|---|
| JAMIE ADAMSON RAGER | MANAGER Officer | 40 | $68,368 |
| BURL SHELTON | PRESIDENT Trustee or director, Officer | 20 | $0 |
| TOM BUZBEE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DANNIS RUSSELL | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 |
| SAMUEL CLAYTON | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE KILGO | DIRCTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMIE ADAMSON RAGER | MANAGER Officer | 40 | $65,172 |
| SAMUEL CLAYTON | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE KILGO | DIRCTOR Trustee or director | 1 | $0 |
| BURL SHELTON | PRESIDENT Officer | 20 | $0 |
| TOM BUZBEE | VICE PRESIDENT Officer | 1 | $0 |
| DANNIS RUSSELL | SECRETARY/TREASURER Officer | 3 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMIE ADAMSON RAGER | MANAGER Officer | 40 | $58,465 |
| SAMUEL CLAYTON | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE KILGO | DIRCTOR Trustee or director | 1 | $0 |
| BURL SHELTON | PRESIDENT Officer | 20 | $0 |
| TOM BUZBEE | VICE PRESIDENT Officer | 1 | $0 |
| DANNIS RUSSELL | SECRETARY/TREASURER Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 12520 GHOLSON RD, WACO, TX 76705-5609
- In care of
- % C B WILEY JR
- Principal officer (990 for 2025)
- BURL SHELTON, 12520 GHOLSON RD, WACO, TX 76705
- Signed the 990
- BURL SHELTON, PRESIDENT BOARD OF DIRECTORS
- Phone
- (254) 829-2907
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE A SAFE POTABLE DRINKING WATER SERVICE TO RURAL RESIDENTS OF MCLENNAN AND HILL COUNTY, TEXAS.
Program accomplishments
- PROVISION OF SAFE POTABLE DRINKING WATER SERVICE TO RURAL RESIDENTS OF MCLENNAN AND HILL COUNTY, TEXAS. APPROXIMATELY 97,387,100 GALLONS OF WATER WERE SOLD DURING 2025 TO APPROXIMATELY 4,050 CUSTOMERS.Expenses $976,164
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
- 74-1599312
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,941,143
- Income (IRS master file)
- $1,163,249
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,163,249 | $1,120,114 | $2,941,143 | XML |
| 990 | December 2024 | $967,830 | $1,138,822 | $2,904,249 | XML |
| 990 | December 2023 | $960,956 | $948,557 | $3,104,944 | XML |
| 990 | December 2022 | $971,486 | $868,633 | $3,086,786 | 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 74-1599312).
Questions about GHOLSON WATER SUPPLY CORPORATION
- What is the EIN of GHOLSON WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of GHOLSON WATER SUPPLY CORPORATION is 74-1599312.
- Is GHOLSON WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1949.
- Are donations to GHOLSON WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GHOLSON 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 GHOLSON WATER SUPPLY CORPORATION 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 GHOLSON WATER SUPPLY CORPORATION 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 GHOLSON WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2025 names BURL SHELTON.
- Who are the officers and directors of GHOLSON WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $68,368 (JAMIE ADAMSON RAGER, MANAGER).
- How much revenue does GHOLSON WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,163,249, expenses of $1,120,114 and total assets of $2,941,143 at year end.
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