Nonprofit · EIN 74-6062685
PENELOPE WATER SUPPLY CORP
Tax-exempt · PENELOPE, TX 76676
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $557,778 | $87,402 | $470,376 | $537,457 | $14,607 | $522,850 |
| December 31, 2024 | 990-EZ | $82,976 | $58,322 | $24,654 | $77,545 | $25,371 | $52,174 |
| December 31, 2023 | 990-EZ | $81,650 | $115,462 | -$33,812 | $57,763 | $30,543 | $27,220 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $475,000
- of which government grants
- $475,000
- Program service revenue
- $81,801
- Investment income
- $977
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,400
- Depreciation
- $3,159
- Program services (functional)
- $86,002
- Management and general (functional)
- $1,400
Balance sheet and other
- Total assets, start of year
- $77,545
- Total assets, end of year
- $537,457
- Total liabilities, end of year
- $14,607
- Net assets, end of year
- $522,850
- Land, buildings and equipment
- $31,567
- Net assets without donor restrictions
- $66,000
- Net assets with donor restrictions
- $456,850
- Gross receipts
- $557,778
- Employees
- 0
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 |
|---|---|---|---|
| J RUSSELL | OPERATOR Key employee | 3 | $10,800 |
| S RUSSELL | BOOKKEEPING Key employee | 5 | $4,800 |
| DAN CHRISTIAN | PRESIDENT Trustee or director, Officer | 2 | $0 |
| STEVE WRIGHT | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| JAMES GREEN | DIRECTOR Officer | 1 | $0 |
| MONICA SINKULE | DIRECTOR Officer | 1 | $0 |
990-EZ for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES L RUSSELL | OPERATOR | 5 | $10,800 |
| SHIRLEY RUSSELL | BOOKKEEPER | 5 | $4,800 |
| DANNY CHRISTIAN | PRESIDENT | 2 | $0 |
| STEVE WRIGHT | VICE-PRESIDENT | 1 | $0 |
| MONICA SINKULE | SECRETARY-TREASURER | 1 | $0 |
| JAMIE GREEN | DIRECTOR | 1 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE WRIGHT | PRESIDENT | 1 | $0 |
| DANNY CHRISTIAN | VICE-PRESIDENT | 1 | $0 |
| MONICA SINKULE | SECRETARY-TREASURER | 1 | $0 |
| JAMIE GREEN | DIRECTOR | 1 | $0 |
| SHIRLEY RUSSELL | BOOKKEEPER | 4 | $0 |
| JAMES L RUSSELL | OPERATOR | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 102, PENELOPE, TX 76676-0102
- Principal officer (990 for 2025)
- DANNY CHRISTIAN, P O BOX 102, PENELOPE, TX 76676
- Signed the 990
- DANNY CHRISTIAN, PRESIDENT
- Phone
- (254) 205-9050
- Return prepared by
- EVELYN PAREYA CPA
Mission
TO PROVIDE A WATER SUPPLY TO MEMBER CUSTOMERS IN PENELOPE, TEXAS.
Program accomplishments
- EXTRACTION, DISTRIBUTION, AND SALE OF WATER TO APPROXIMATELY 100Expenses $87,402 · grants $475,000 · revenue $82,778
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-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 74-6062685
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $537,457
- Income (IRS master file)
- $557,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $557,778 | $87,402 | $537,457 | XML |
| 990-EZ | December 2024 | $82,976 | $58,322 | $77,545 | IRS |
| 990-EZ | December 2023 | $81,650 | $115,462 | $57,763 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 74-6062685).
Questions about PENELOPE WATER SUPPLY CORP
- What is the EIN of PENELOPE WATER SUPPLY CORP?
- The employer identification number (EIN) of PENELOPE WATER SUPPLY CORP is 74-6062685.
- Is PENELOPE WATER SUPPLY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1961.
- Are donations to PENELOPE WATER SUPPLY CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PENELOPE 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 PENELOPE 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 PENELOPE 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 PENELOPE WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2025 names DANNY CHRISTIAN.
- Who are the officers and directors of PENELOPE WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2025 lists 6 people; 2 received compensation from the organization, the highest $10,800 (J RUSSELL, OPERATOR).
- How much revenue does PENELOPE WATER SUPPLY CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $557,778, expenses of $87,402 and total assets of $537,457 at year end.
Other nonprofits in PENELOPE
- PENELOPE VOLUNTEER FIRE DEPARTMENT EIN 75-2349019 · last filed 990 for 2024
- STATE ASSOCIATION OF YOUNG FARMERS OF TEXAS EIN 37-1783049 · last filed 990-N for 2023
- PENELOPE BETTER SCHOOL ORGANIZATION BSO PENELOPE TEXAS EIN 74-2350930 · last filed 990-N for 2024