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Nonprofit · EIN 74-1691105

FILES VALLEY WATER SUPPLY CORPORATION

Tax-exempt · ITASCA, TX 76055

Financials

$2.9M$2.3M2023$3.2M$2.8M2024
Revenue Expenses · by fiscal year end
Financials of FILES VALLEY WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,178,035$2,827,045$350,990$13,315,912$4,023,752$9,292,160
June 30, 2024990$2,897,864$2,291,251$606,613$14,225,893$5,289,700$8,936,193
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,922,269
Investment income
$255,766
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$45,516
Accounting fees
$5,500
Occupancy
$735
Depreciation
$257,859
Program services (functional)
$2,392,368
Management and general (functional)
$434,677

Balance sheet and other

Total assets, start of year
$14,225,893
Total assets, end of year
$13,315,912
Total liabilities, end of year
$4,023,752
Net assets, end of year
$9,292,160
Land, buildings and equipment
$8,554,962
Gross receipts
$3,178,035
Employees
0
Volunteers
0
Year formed
1971
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
TODD BONSDIRECTOR
Trustee or director
0.5$0
DONNIE JENNINGSDIRECTOR
Trustee or director
0.5$0
COLE LITTLEDIRECTOR
Trustee or director
0.5$0
BRAYDEN HAWKINSDIRECTOR
Trustee or director
0.5$0
MICHAEL MCDONALDDIRECTOR
Trustee or director
0.5$0
BOBBY CRAWFORDDIRECTOR
Trustee or director
0.5$0
WILLIAM ASTDIRECTOR
Trustee or director
0.5$0
DWIGHT LLOYDPRESIDENT
Officer
1$0
ROBERT STRONAVICE-PRESIDENT
Officer
1$0
RODNEY SCHRONKSECRETARY/TREASURER
Officer
1$0
990 for the year ended June 30, 2024: 10 people
NameTitleHours / weekCompensation
TODD BONSDIRECTOR
Trustee or director
0.5$0
DONNIE JENNINGSDIRECTOR
Trustee or director
0.5$0
COLE LITTLEDIRECTOR
Trustee or director
0.5$0
BRAYDEN HAWKINSDIRECTOR
Trustee or director
0.5$0
MICHAEL MCDONALDDIRECTOR
Trustee or director
0.5$0
BOBBY CRAWFORDDIRECTOR
Trustee or director
0.5$0
WILLIAM ASTDIRECTOR
Trustee or director
0.5$0
DWIGHT LLOYDPRESIDENT
Officer
1$0
ROBERT STRONAVICE-PRESIDENT
Officer
1$0
RODNEY SCHRONKSECRETARY/TREASURER
Officer
1$0

Address and contacts

Address (IRS master file)
PO BOX 127, ITASCA, TX 76055-0127
Principal officer (990 for 2024)
DWIGHT LLOYD, PO BOX 176, ITASCA, TX 76055
Signed the 990
DWIGHT LLOYD, PRESIDENT
Phone
(254) 687-2428
Return prepared by
PATTILLO BROWN & HILL LLP

Mission

NONE

990 for the year ended June 30, 2025

Program accomplishments

  • RURAL WATER SUPPLY CORPORATION
    Expenses $2,392,368 · revenue $2,922,269

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
74-1691105
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1976
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,315,912
Income (IRS master file)
$3,178,035

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,178,035$2,827,045$13,315,912XML
990June 2024$2,897,864$2,291,251$14,225,893IRS
990June 2023$3,683,437$1,916,385$12,792,216IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS
990June 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 74-1691105).

Questions about FILES VALLEY WATER SUPPLY CORPORATION

What is the EIN of FILES VALLEY WATER SUPPLY CORPORATION?
The employer identification number (EIN) of FILES VALLEY WATER SUPPLY CORPORATION is 74-1691105.
Is FILES VALLEY WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1976.
Are donations to FILES VALLEY WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FILES VALLEY 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 FILES VALLEY WATER SUPPLY CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FILES VALLEY WATER SUPPLY CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FILES VALLEY WATER SUPPLY CORPORATION?
The 990 for the year ended June 30, 2025 names DWIGHT LLOYD.
Who are the officers and directors of FILES VALLEY WATER SUPPLY CORPORATION?
The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does FILES VALLEY WATER SUPPLY CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,178,035, expenses of $2,827,045 and total assets of $13,315,912 at year end.

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