Nonprofit · EIN 74-2114017
DRIPPING SPRINGS WATER SUPPLY CORP
Tax-exempt · DRIPPING SPGS, TX 78620
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,311,993 | $4,368,301 | $1,943,692 | $36,421,565 | $179,897 | $36,241,668 |
| December 31, 2024 | 990 | $5,758,452 | $3,933,168 | $1,825,284 | $33,155,700 | $451,551 | $32,704,149 |
| December 31, 2023 | 990 | $8,019,097 | $3,527,045 | $4,492,052 | $28,022,204 | $643,708 | $27,378,496 |
| December 31, 2022 | 990 | $7,134,883 | $3,758,132 | $3,376,751 | $23,723,528 | $624,065 | $23,099,463 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,560,048
- Investment income
- $709,854
- Other revenue
- $42,091
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $153,464
- Other salaries and wages
- $693,957
- Salaries, compensation and benefits (total)
- $948,498
- Professional fundraising fees
- $0
- Legal fees
- $447,266
- Accounting fees
- $57,587
- Occupancy
- $13,233
- Depreciation
- $836,252
- Program services (functional)
- $4,368,301
Balance sheet and other
- Total assets, start of year
- $33,155,700
- Total assets, end of year
- $36,421,565
- Total liabilities, end of year
- $179,897
- Net assets, end of year
- $36,241,668
- Land, buildings and equipment
- $16,978,327
- Gross receipts
- $6,311,993
- Employees
- 13
- Year formed
- 1964
- 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 |
|---|---|---|---|
| RICHARD BROUN | OFFICER Officer | 40 | $153,464 |
| CHARLIE BUSBEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| TRAVIS CROW | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| MARK KEY | DIRECTOR Trustee or director | 1 | $0 |
| REX MILLER | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| BRETT PASQUARELLA | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD BROUN | OFFICER Officer | 40 | $141,723 |
| CHARLIE BUSBEY | DIRECTOR Trustee or director | 1 | $0 |
| TRAVIS CROW | VICE PRESIDE Officer | 1 | $0 |
| MARK KEY | PRESIDENT Officer | 1 | $0 |
| REX MILLER | SECRETARY/TR Officer | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CORY TAYLOR | OPERATIONS M Officer | 40 | $107,801 |
| RICHARD D BROUN | GENERAL MANA Officer | 40 | $106,776 |
| WILLIAM JACKSON | PRESIDENT Officer | 2 | $0 |
| TRAVIS CROW | VICE-PRESIDE Officer | 1 | $0 |
| REX MILLER | SECRETARY/TR Officer | 1 | $0 |
| MARK KEY | BOARD MEMBER Trustee or director | 1 | $0 |
| CHARLIE BUSBEY | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ALAN S GRAY | OPERATIONS M Officer | 40 | $116,970 | $27,600 |
| RICHARD D BROUN | GENERAL MANA Officer | 40 | $87,585 | $0 |
| WILLIAM JACKSON | PRESIDENT Officer | 2 | $0 | $0 |
| TRAVIS CROW | VICE-PRESIDE Officer | 1 | $0 | $0 |
| REX MILLER | SECRETARY/TR Officer | 1 | $0 | $0 |
| MARK KEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLIE BUSBEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 HAYS ST STE 416, DRIPPING SPGS, TX 78620-4988
- Principal officer (990 for 2025)
- RICHARD BROUN, 101 HAYS ST STE 416, DRIPPING SPRINGS, TX 78620
- Signed the 990
- RICHARD BROUN, OFFICER
- Phone
- (512) 858-7897
- Return prepared by
- LUDWICK MONTGOMERY & STAPP PC
Mission
PROVIDE TREATED SERVICE WATER TO MEMBERS.
Program accomplishments
- PROVIDE TREATED SERVICE WATER TO MEMBERS.Expenses $4,368,301 · revenue $5,560,048
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
- 74-2114017
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $36,421,565
- Income (IRS master file)
- $6,311,993
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,311,993 | $4,368,301 | $36,421,565 | XML |
| 990 | December 2024 | $5,758,452 | $3,933,168 | $33,155,700 | XML |
| 990 | December 2023 | $8,019,097 | $3,527,045 | $28,022,204 | XML |
| 990 | December 2022 | $7,134,883 | $3,758,132 | $23,723,528 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 74-2114017).
Questions about DRIPPING SPRINGS WATER SUPPLY CORP
- What is the EIN of DRIPPING SPRINGS WATER SUPPLY CORP?
- The employer identification number (EIN) of DRIPPING SPRINGS WATER SUPPLY CORP is 74-2114017.
- Is DRIPPING SPRINGS WATER SUPPLY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1993.
- Are donations to DRIPPING SPRINGS WATER SUPPLY CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DRIPPING SPRINGS 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 DRIPPING SPRINGS WATER SUPPLY CORP 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 DRIPPING SPRINGS WATER SUPPLY CORP 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 DRIPPING SPRINGS WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2025 names RICHARD BROUN.
- Who are the officers and directors of DRIPPING SPRINGS WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $153,464 (RICHARD BROUN, OFFICER).
- How much revenue does DRIPPING SPRINGS WATER SUPPLY CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,311,993, expenses of $4,368,301 and total assets of $36,421,565 at year end.
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