Nonprofit · EIN 75-1234461
MILLIGAN WATER SUPPLY CORPORATION
Tax-exempt · MCKINNEY, TX 75069
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,207,528 | $1,713,814 | $1,493,714 | $6,604,280 | $521,973 | $6,082,307 |
| December 31, 2023 | 990 | $2,661,353 | $1,537,767 | $1,123,586 | $5,040,853 | $489,760 | $4,551,093 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,880,897
- Investment income
- $19,161
- Other revenue
- $1,307,470
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $617,486
- Salaries, compensation and benefits (total)
- $676,938
- Professional fundraising fees
- $0
- Legal fees
- $1,755
- Accounting fees
- $18,470
- Travel
- $100
- Depreciation
- $60,955
- Program services (functional)
- $1,086,986
- Management and general (functional)
- $626,828
Balance sheet and other
- Total assets, start of year
- $5,040,853
- Total assets, end of year
- $6,604,280
- Total liabilities, end of year
- $521,973
- Net assets, end of year
- $6,082,307
- Land, buildings and equipment
- $5,668,872
- Net assets without donor restrictions
- $1,391,230
- Net assets with donor restrictions
- $4,691,077
- Gross receipts
- $3,207,528
- Employees
- 9
- Year formed
- 1965
- 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 |
|---|---|---|---|
| DONNA PETREE | President Trustee or director, Officer | 0 | $0 |
| HAROLD HINSLEY | Director Trustee or director | 0 | $0 |
| JUNE PETITT | Director Trustee or director | 0 | $0 |
| BOB PETITT | Director Trustee or director | 0 | $0 |
| PHILLIP CHOATE | Vice President Trustee or director, Officer | 0 | $0 |
| PERRY GOETZ | Director Trustee or director | 0 | $0 |
| ADAM PAGANO | Treasurer Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONNA PETREE | President Trustee or director, Officer | 0 | $0 |
| HAROLD HINSLEY | Director Trustee or director | 0 | $0 |
| JUNE PETITT | Treasurer Trustee or director, Officer | 0 | $0 |
| BOB PETITT | Director Trustee or director | 0 | $0 |
| PHILLIP CHOATE | Vice President Trustee or director, Officer | 0 | $0 |
| ADAM PAGANO | Director Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1400 S BRIDGEFARMER RD, MCKINNEY, TX 75069-1070
- Principal officer (990 for 2024)
- DONNA PETREE, 1400 S BRIDGEFARMER ROAD, MCKINNEY, TX 75069
- Signed the 990
- DONNA PETREE, President
- Phone
- (972) 542-1143
- Return prepared by
- MCCLANAHAN & HOLMES
Mission
SALE OF WATER TO RURAL CUSTOMERS IN EAST McKINNEY TX
Program accomplishments
- SALE OF WATER TO RURAL CUSTOMERS IN EAST McKINNEY, TX.Expenses $1,086,986 · revenue $2,280,692
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
- 75-1234461
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1967
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80Z)
- Assets (IRS master file)
- $6,604,280
- Income (IRS master file)
- $3,207,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,207,528 | $1,713,814 | $6,604,280 | XML |
| 990 | December 2023 | $2,661,353 | $1,537,767 | $5,040,853 | XML |
| 990 | December 2022 | $4,045,048 | $1,235,947 | $3,482,683 | 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 75-1234461).
Questions about MILLIGAN WATER SUPPLY CORPORATION
- What is the EIN of MILLIGAN WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of MILLIGAN WATER SUPPLY CORPORATION is 75-1234461.
- Is MILLIGAN WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1967.
- Are donations to MILLIGAN WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MILLIGAN 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 MILLIGAN WATER SUPPLY CORPORATION 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 MILLIGAN WATER SUPPLY CORPORATION 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 MILLIGAN WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2024 names DONNA PETREE.
- Who are the officers and directors of MILLIGAN WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does MILLIGAN WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,207,528, expenses of $1,713,814 and total assets of $6,604,280 at year end.
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