Nonprofit · EIN 74-1907897
PENNINGTON WATER SUPPLY CORPORATION
Also known as JACK CLEMENTS
Tax-exempt · PENNINGTON, TX 75856
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $697,118 | $490,023 | $207,095 | $2,371,609 | $313,881 | $2,057,728 |
| December 31, 2024 | 990 | $721,674 | $598,858 | $122,816 | $1,884,309 | $122,004 | $1,762,305 |
| December 31, 2023 | 990 | $817,269 | $535,962 | $281,307 | $1,758,757 | $119,269 | $1,639,488 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $682,978
- Investment income
- $14,140
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $500
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $57,412
- Salaries, compensation and benefits (total)
- $61,848
- Professional fundraising fees
- $0
- Accounting fees
- $2,950
- Occupancy
- $40,987
- Depreciation
- $36,180
- Program services (functional)
- $490,023
Balance sheet and other
- Total assets, start of year
- $1,884,309
- Total assets, end of year
- $2,371,609
- Total liabilities, end of year
- $313,881
- Net assets, end of year
- $2,057,728
- Land, buildings and equipment
- $1,167,852
- Net assets without donor restrictions
- $2,057,728
- Gross receipts
- $697,118
- Employees
- 2
- Year formed
- 1967
- 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 |
|---|---|---|---|
| Wade Ray | President Trustee or director, Officer | 4 | $0 |
| Charles Anthony Lowery | Vice President Trustee or director, Officer | 1 | $0 |
| Mark Luce | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| R E Westbrook | Director Trustee or director | – | $0 |
| Lia Martin | Director Trustee or director | – | $0 |
| James Scroggins | Director Trustee or director | – | $0 |
| Russell Hill | Director Trustee or director | – | $0 |
| Calvin Holmes | Director Trustee or director | – | $0 |
| Steven Lee | Director Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wade Ray | President Trustee or director, Officer | 4 | $0 |
| Charles Anthony Lowery | Vice President Trustee or director, Officer | 1 | $0 |
| Jack Clements | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| R E Westbrook | Director Trustee or director | – | $0 |
| Lia Martin | Director Trustee or director | – | $0 |
| James Scroggins | Director Trustee or director | – | $0 |
| Russell Hill | Director Trustee or director | – | $0 |
| Mark Luce | Director Trustee or director | – | $0 |
| Calvin Holmes | Director Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wade Ray | President Trustee or director, Officer | 4 | $0 |
| Charles Anthony Lowery | Vice President Trustee or director, Officer | 1 | $0 |
| Jack Clements | Secretary/Treasurer Trustee or director, Officer | 1 | $0 |
| R E Westbrook | Director Trustee or director | – | $0 |
| Lia Martin | Director Trustee or director | – | $0 |
| James Scroggins | Director Trustee or director | – | $0 |
| Russell Hill | Director Trustee or director | – | $0 |
| Mark Luce | Director Trustee or director | – | $0 |
| Calvin Holmes | Director Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 15, PENNINGTON, TX 75856-0015
- Principal officer (990 for 2025)
- Wade Ray, PO Box 987, Groveton, TX 75845
- Signed the 990
- Wade Ray, President
- Phone
- (936) 638-4411
- Return prepared by
- Deborah Porth Blackwell
Mission
Pennington Water Supply Corporation began operations in 1967 in accordance with the provisions of Article 1396A, Section 5.02 of the Texas Non-Profit Corporation Act. The Corporation is engaged in providing water services to rural families and facilities.
Program accomplishments
- Provide water services to rural families and facilities.Expenses $490,023 · revenue $682,978
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
- 74-1907897
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,371,609
- Income (IRS master file)
- $697,118
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $697,118 | $490,023 | $2,371,609 | XML |
| 990 | December 2024 | $721,674 | $598,858 | $1,884,309 | XML |
| 990 | December 2023 | $817,269 | $535,962 | $1,758,757 | XML |
| 990 | December 2022 | $681,563 | $586,557 | $1,474,435 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 74-1907897).
Questions about PENNINGTON WATER SUPPLY CORPORATION
- What is the EIN of PENNINGTON WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of PENNINGTON WATER SUPPLY CORPORATION is 74-1907897.
- Is PENNINGTON WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1977.
- Are donations to PENNINGTON WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PENNINGTON 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 PENNINGTON 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 PENNINGTON 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 PENNINGTON WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2025 names Wade Ray.
- Who are the officers and directors of PENNINGTON WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does PENNINGTON WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $697,118, expenses of $490,023 and total assets of $2,371,609 at year end.
Other nonprofits in PENNINGTON
- PENNINGTON VOLUNTEER FIRE DEPARTMENT INC EIN 51-0201854 · last filed 990-N for 2024