Nonprofit · EIN 75-1291842
OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION
Tax-exempt · DENISON, TX 75021
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,209,778 | $894,970 | $314,808 | $1,881,358 | $64,305 | $1,817,053 |
| December 31, 2023 | 990 | $946,653 | $875,747 | $70,906 | $1,555,261 | $53,016 | $1,502,245 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,790
- Membership dues
- $800
- Program service revenue
- $1,181,118
- Investment income
- $22,870
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $59,712
- Salaries, compensation and benefits (total)
- $64,325
- Professional fundraising fees
- $0
- Accounting fees
- $6,500
- Depreciation
- $59,559
- Program services (functional)
- $894,970
Balance sheet and other
- Total assets, start of year
- $1,555,261
- Total assets, end of year
- $1,881,358
- Total liabilities, end of year
- $64,305
- Net assets, end of year
- $1,817,053
- Land, buildings and equipment
- $741,281
- Net assets without donor restrictions
- $1,817,053
- Gross receipts
- $1,209,778
- Employees
- 2
- Year formed
- 1966
- 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 |
|---|---|---|---|
| Thomas Haney | Director Trustee or director | 2 | $0 |
| Keith Lawyer | Director Trustee or director | 2 | $0 |
| Dan Petterson | Director Trustee or director | 2 | $0 |
| Leanne Wilson | Director Trustee or director | 2 | $0 |
| Jereme Boyles | Director Trustee or director | 0 | $0 |
| Dan Massey | Director Trustee or director | 2 | $0 |
| Tony Tillman | Alternate Trustee or director | 2 | $0 |
| Kevin Higgins | President Officer | 2 | $0 |
| Ruth Ledbetter | Vice President Officer | 2 | $0 |
| Debi Tompkins | SecTres Officer | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Keith Lawyer | Director Officer | 2 | $0 |
| Ruth Ledbetter | SecTres Officer | 2 | $0 |
| Kevin Higgins | Director Officer | 2 | $0 |
| Thomas Haney | Director Officer | 2 | $0 |
| Jimmy Jones | President Officer | 2 | $0 |
| Shane Maxwell | Vice President Officer | 2 | $0 |
| Dan Peterson | Director Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1743, DENISON, TX 75021-1743
- In care of
- % KEVIN HIGGINS
- Principal officer (990 for 2024)
- Kevin Higgins, PO Box 1263, Denison, TX 750211263
- Signed the 990
- KEVIN HIGGINS, President
- Phone
- (903) 465-6403
- Return prepared by
- Joseph E Madden CPA PLLC
Mission
Provide potable water supply to members.
Program accomplishments
- To provide potable water for general farm use and for domestic use to individuals residing in the rural communities of Grayson County, Texas.Expenses $894,970
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
- 75-1291842
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,881,358
- Income (IRS master file)
- $1,209,778
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,209,778 | $894,970 | $1,881,358 | XML |
| 990 | December 2023 | $946,653 | $875,747 | $1,555,261 | XML |
| 990 | December 2022 | $947,618 | $791,627 | $1,458,140 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-1291842).
Questions about OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION
- What is the EIN of OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION is 75-1291842.
- Is OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1966.
- Are donations to OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OAKRIDGE-SOUTH GALE 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 OAKRIDGE-SOUTH GALE 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 OAKRIDGE-SOUTH GALE 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 OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2024 names Kevin Higgins.
- Who are the officers and directors of OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does OAKRIDGE-SOUTH GALE WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,209,778, expenses of $894,970 and total assets of $1,881,358 at year end.
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