Nonprofit · EIN 74-2107745
MUSTANG VALLEY WATER SUPPLYCORPORATION
Tax-exempt · CRANFILLS GAP, TX 76637
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $872,625 | $835,270 | $37,355 | $2,624,818 | $1,193,961 | $1,430,857 |
| December 31, 2023 | 990 | $861,666 | $831,026 | $30,640 | $2,573,701 | $1,180,199 | $1,393,502 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $26,210
- Membership dues
- $2,210
- Program service revenue
- $806,967
- Investment income
- $21,261
- Net rental income
- $10,500
- Net gain from sales of assets
- $500
- Other revenue
- $18,187
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $121,352
- Other salaries and wages
- $138,075
- Salaries, compensation and benefits (total)
- $286,342
- Professional fundraising fees
- $0
- Accounting fees
- $14,945
- Occupancy
- $107,829
- Travel
- $337
- Depreciation
- $175,119
- Program services (functional)
- $607,224
- Management and general (functional)
- $228,046
Balance sheet and other
- Total assets, start of year
- $2,573,701
- Total assets, end of year
- $2,624,818
- Total liabilities, end of year
- $1,193,961
- Net assets, end of year
- $1,430,857
- Land, buildings and equipment
- $1,821,908
- Gross receipts
- $875,125
- Employees
- 6
- Volunteers
- 7
- Year formed
- 1975
- 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 | Other / benefits |
|---|---|---|---|---|
| RODNEY MURRY | GENERAL MANAGER Officer | 40 | $64,654 | $1,856 |
| KAREN THOMASY | ADMINISTRATIVE MANAGER Officer | 40 | $49,015 | $7,145 |
| MIKE UPTON | PRESIDENT JAN-DEC Trustee or director, Officer | 0.5 | $0 | $0 |
| JASON COX | VICE PRESIDENT JAN-DEC Trustee or director, Officer | 0.5 | $0 | $0 |
| DOUG PERSCHKE | TREASURER JAN-DEC Trustee or director, Officer | 0.5 | $0 | $0 |
| NANCY BRATCHER | SECRETARY JAN-DEC Trustee or director, Officer | 0.5 | $0 | $0 |
| KIRK GUILLORY | DIRECTOR JAN-DEC Trustee or director | 0.5 | $0 | $0 |
| RICHARD MAJOR | DIRECTOR JAN-NOV Trustee or director | 0.5 | $0 | $0 |
| DOUG KIETA | DIRECTOR JAN-APR Trustee or director | 0.5 | $0 | $0 |
| AMANDA ALLEY | DIRECTOR OCT-DEC Trustee or director | 0.5 | $0 | $0 |
| RUDY EDWARDS | DIRECTOR DEC Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RODNEY MURRY | GENERAL MANAGER Officer | 40 | $61,979 | $5,215 |
| KAREN THOMASY | ADMINISTRATIVE MANAGER Officer | 40 | $46,599 | $6,231 |
| DOUG KIETA | PRESIDENT(01/01 - 04/30) Trustee or director, Officer | 5 | $0 | $0 |
| MIKE UPTON | DIRECTOR (01/01 - 04/30) PRESIDENT (05/01 - 12/31) Trustee or director, Officer | 0.5 | $0 | $0 |
| AUBREY RICHARDS | VICE PRESIDENT (01/01 - 04/17) Trustee or director, Officer | 0.5 | $0 | $0 |
| JASON COX | DIRECTOR (01/01-04/18)VICE PRESIDENT (05/01-12/31) Trustee or director, Officer | 0.5 | $0 | $0 |
| DOUG PERSCHKE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| NANCY BRATCHER | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| LOREN GRISWOLD | DIRECTOR (01/01 - 04/30) Trustee or director | 0.5 | $0 | $0 |
| KIRK GUILLORY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RICHARD MAJOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6, CRANFILLS GAP, TX 76637-0006
- Principal officer (990 for 2024)
- DOUGLAS R PERSCHKE, PO BOX 6, CRANFILLS GAP, TX 76637
- Signed the 990
- DOUGLAS R PERSCHKE, TREASURER
- Phone
- (254) 597-2445
- Website
- WWW.MUSTANGVALLEYWATER.ORG
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
CERTIFIED REGIONAL WATER SYSTEM IN RURAL BOSQUE COUNTY, TEXAS COMMITTED TO PROVIDING CLEAN, SAFE WATER FOR ALL OUR MEMBERS
Program accomplishments
- PRODUCE AND DISTRIBUTE WATER TO METERS OWNED BY MEMBERS FOR USE IN HOMES, BUSINESSES, AND FOR AGRICULTURAL PURPOSES. MUSTANG VALLEY WATER SUPPLY CORPORATION SERVED 835 METERS IN THE CALENDAR YEAR ENDING DECEMBER 31, 2024.Expenses $607,224
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
- 74-2107745
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,624,818
- Income (IRS master file)
- $875,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $872,625 | $835,270 | $2,624,818 | IRS |
| 990 | December 2023 | $861,666 | $831,026 | $2,573,701 | XML |
| 990 | December 2022 | $833,592 | $776,434 | $2,565,782 | 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 74-2107745).
Questions about MUSTANG VALLEY WATER SUPPLYCORPORATION
- What is the EIN of MUSTANG VALLEY WATER SUPPLYCORPORATION?
- The employer identification number (EIN) of MUSTANG VALLEY WATER SUPPLYCORPORATION is 74-2107745.
- Is MUSTANG VALLEY WATER SUPPLYCORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1980.
- Are donations to MUSTANG VALLEY WATER SUPPLYCORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MUSTANG VALLEY WATER SUPPLYCORPORATION 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 MUSTANG VALLEY WATER SUPPLYCORPORATION 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 MUSTANG VALLEY WATER SUPPLYCORPORATION 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 MUSTANG VALLEY WATER SUPPLYCORPORATION?
- The 990 for the year ended December 31, 2024 names DOUGLAS R PERSCHKE.
- Who are the officers and directors of MUSTANG VALLEY WATER SUPPLYCORPORATION?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $64,654 (RODNEY MURRY, GENERAL MANAGER).
- How much revenue does MUSTANG VALLEY WATER SUPPLYCORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $872,625, expenses of $835,270 and total assets of $2,624,818 at year end.
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