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Nonprofit · EIN 74-1667030

SOUTHWEST MILAM WATER SUPPLY CORP

Tax-exempt · ROCKDALE, TX 76567

Financials

$4.7M$4.3M2023$4.5M$4.3M2024
Revenue Expenses · by fiscal year end
Financials of SOUTHWEST MILAM WATER SUPPLY CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$4,543,329$4,324,129$219,200$16,729,493$7,575,220$9,154,273
December 31, 2023990$4,663,872$4,303,942$359,930$17,100,286$8,165,213$8,935,073
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$9,850
Membership dues
$9,850
Program service revenue
$4,241,775
Investment income
$79,089
Net rental income
$28,826
Net gain from sales of assets
$23,939
Other revenue
$212,615

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$1,259,095
Salaries, compensation and benefits (total)
$1,639,753
Professional fundraising fees
$0
Accounting fees
$17,650
Occupancy
$10,758
Travel
$685
Depreciation
$962,791

Balance sheet and other

Total assets, start of year
$17,100,286
Total assets, end of year
$16,729,493
Total liabilities, end of year
$7,575,220
Net assets, end of year
$9,154,273
Land, buildings and equipment
$11,324,821
Gross receipts
$4,543,329
Employees
25
Volunteers
0
Year formed
1970
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
KIT WORLEYPRESIDENT
Trustee or director, Officer
1$0
THOMAS NELSONVICE-PRESIDENT
Trustee or director, Officer
1$0
RICKY STEWARTSECRETARY/TREASURER
Trustee or director, Officer
1$0
LARRY GILBREATHDIRECTOR
Trustee or director
1$0
MIKE OFFIELDDIRECTOR
Trustee or director
1$0
JAMES PESLDIRECTOR
Trustee or director
1$0
GARY OSLICKDIRECTOR
Trustee or director
1$0
ROBERT VONGONTENDIRECTOR
Trustee or director
1$0
BOB WILSONDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
KIT WORLEYPRESIDENT
Trustee or director, Officer
1$0
THOMAS NELSONVICE-PRESIDENT
Trustee or director, Officer
1$0
RICKY STEWARTSECRETARY/TREASURER
Trustee or director, Officer
1$0
LARRY GILBREATHDIRECTOR
Trustee or director
1$0
MIKE OFFIELDDIRECTOR
Trustee or director
1$0
JAMES PESLDIRECTOR
Trustee or director
1$0
GARY OSLICKDIRECTOR
Trustee or director
1$0
ROBERT VONGONTENDIRECTOR
Trustee or director
1$0
BOB WILSONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 232, ROCKDALE, TX 76567-0232
Principal officer (990 for 2024)
KIT WORLEY, PO BOX 232, ROCKDALE, TX 765670232
Signed the 990
KIT WORLEY, PRESIDENT
Phone
(512) 446-2604
Return prepared by
BGF&N PC

Mission

PROVIDE POTABLE WATER TO ABOUT 3,000 RURAL MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE TREATED WELL WATER TO ABOUT 3,000 RURAL MEMBERS.

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
74-1667030
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1976
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$16,729,493
Income (IRS master file)
$4,543,329

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$4,543,329$4,324,129$16,729,493IRS
990December 2023$4,663,872$4,303,942$17,100,286XML
990December 2022$5,247,255$3,710,004$13,822,907IRS
990December 2021–––IRS
990December 2020–––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 74-1667030).

Questions about SOUTHWEST MILAM WATER SUPPLY CORP

What is the EIN of SOUTHWEST MILAM WATER SUPPLY CORP?
The employer identification number (EIN) of SOUTHWEST MILAM WATER SUPPLY CORP is 74-1667030.
Is SOUTHWEST MILAM WATER SUPPLY CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1976.
Are donations to SOUTHWEST MILAM WATER SUPPLY CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTHWEST MILAM 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 SOUTHWEST MILAM WATER SUPPLY CORP 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 SOUTHWEST MILAM WATER SUPPLY CORP 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 SOUTHWEST MILAM WATER SUPPLY CORP?
The 990 for the year ended December 31, 2024 names KIT WORLEY.
Who are the officers and directors of SOUTHWEST MILAM WATER SUPPLY CORP?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does SOUTHWEST MILAM WATER SUPPLY CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $4,543,329, expenses of $4,324,129 and total assets of $16,729,493 at year end.

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