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Nonprofit · EIN 75-1249647

TIMPSON RURAL WATER SUPPLY CORPORATION

Tax-exempt · TIMPSON, TX 75975

Financials

$383K$361K2023$345K$405K2024
Revenue Expenses · by fiscal year end
Financials of TIMPSON RURAL WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$344,800$405,233-$60,433$704,547$23,009$681,538
December 31, 2023990$382,528$361,058$21,470$752,444$22,934$729,510
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$342,426
Investment income
$2,374
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$150,525
Salaries, compensation and benefits (total)
$171,085
Professional fundraising fees
$0
Accounting fees
$9,425
Depreciation
$32,809
Program services (functional)
$380,198
Management and general (functional)
$25,035

Balance sheet and other

Total assets, start of year
$752,444
Total assets, end of year
$704,547
Total liabilities, end of year
$23,009
Net assets, end of year
$681,538
Land, buildings and equipment
$304,529
Publicly traded securities
$265,150
Gross receipts
$344,800
Employees
4
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.

NameTitleHours / weekCompensation
MIKE THRIFTPRESIDENT
Trustee or director, Officer
–$0
BILLY CARRINGTONSECRETARY
Trustee or director, Officer
–$0
BRAD FITZGERALDDIRECTOR
Trustee or director, Officer
–$0
RUSTY COOKVICE PRESIDE
Trustee or director, Officer
–$0
JOHN CHILDSDIRECTOR
Trustee or director, Officer
–$0
RAY LLOYDDIRECTOR
Trustee or director, Officer
–$0
VERNET RICHARDSONDIRECTOR
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
ROBERT CRUMPPRESIDENT
Trustee or director, Officer
–$0
MIKE THRIFTDIRECTOR
Trustee or director, Officer
–$0
BILLY CARRINGTONSECRETARY
Trustee or director, Officer
–$0
BRAD FITZGERALDDIRECTOR
Trustee or director, Officer
–$0
RUSTY COOKVICE PRESIDE
Trustee or director, Officer
–$0
JOHN CHILDSDIRECTOR
Trustee or director, Officer
–$0
RAY LLOYDDIRECTOR
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
2331 FM 2667, TIMPSON, TX 75975-0000
Principal officer (990 for 2024)
MIKE THRIFT, P O BOX 865, TIMPSON, TX 75975
Signed the 990
BILLY ASKINS, OPERATOR
Phone
(936) 254-2108
Return prepared by
REDFIELD MILLER & WHITE LLP

Mission

TO PROVIDE CLEAN, SUITABLE WATER TO RURAL RESIDENTS OF THE TIMPSON, TX AREA.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE CLEAN, SUITABLE WATER TO RURAL RESIDENTS OF THE TIMPSON, TX AREA
  • PROVIDE CLEAN, SUITABLE WATER TO RURAL RESIDENTS OF THE TIMPSON, TX AREA

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1249647
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1968
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$704,547
Income (IRS master file)
$344,800

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$344,800$405,233$704,547XML
990December 2023$382,528$361,058$752,444XML
990December 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 75-1249647).

Questions about TIMPSON RURAL WATER SUPPLY CORPORATION

What is the EIN of TIMPSON RURAL WATER SUPPLY CORPORATION?
The employer identification number (EIN) of TIMPSON RURAL WATER SUPPLY CORPORATION is 75-1249647.
Is TIMPSON RURAL WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1968.
Are donations to TIMPSON RURAL WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TIMPSON RURAL 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 TIMPSON RURAL 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 TIMPSON RURAL 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 TIMPSON RURAL WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 names MIKE THRIFT.
Who are the officers and directors of TIMPSON RURAL 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 TIMPSON RURAL WATER SUPPLY CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $344,800, expenses of $405,233 and total assets of $704,547 at year end.

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