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Nonprofit · EIN 75-1298544

PALO PINTO WATER SUPPLY CORPORATION

Tax-exempt · PALO PINTO, TX 76484

Financials

$354K$337K2021$1.4M$741K2024
Revenue Expenses · by fiscal year end
Financials of PALO PINTO WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,352,459$740,676$611,783$3,077,999$1,022,449$2,055,550
December 31, 2021990$353,574$337,024$16,550$1,090,107$23,665$1,066,442
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$226,494
Program service revenue
$1,086,102
Investment income
$39,863
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$71,788
Salaries, compensation and benefits (total)
$71,788
Professional fundraising fees
$0
Legal fees
$19,480
Accounting fees
$10,500
Occupancy
$38,573
Travel
$11,998
Depreciation
$48,094
Program services (functional)
$688,409
Management and general (functional)
$40,358

Balance sheet and other

Total assets, start of year
$2,657,267
Total assets, end of year
$3,077,999
Total liabilities, end of year
$1,022,449
Net assets, end of year
$2,055,550
Land, buildings and equipment
$1,133,784
Net assets without donor restrictions
$1,450,690
Net assets with donor restrictions
$604,860
Gross receipts
$1,352,459
Employees
3
Volunteers
0
Year formed
1968
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
JAMES J WALKERPRESIDENT
Trustee or director, Officer
1$0
ROGER ROBERSONVICE PRESIDENT
Trustee or director, Officer
1$0
Larissa BarringtonSECRETARY/TREASURER
Trustee or director, Officer
1$0
CODY CLOUDBOARD MEMBER
Trustee or director
1$0
ANGELA BRYANTBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2021: 5 people
NameTitleHours / weekCompensation
JUDITH ANDERSONDIRECTOR
Trustee or director
–$0
GARY GLOVERVICE PRESIDE
Trustee or director
–$0
GLENNA PICARDSECRETARY-TR
Trustee or director
–$0
WILLIAM REAGANPRESIDENT
Trustee or director
–$0
JAMES WALKERDIRECTOR
Trustee or director
–$0

Address and contacts

Address (IRS master file)
PO BOX 157, PALO PINTO, TX 76484-0157
Mailing address (990-N for 2023)
PO Box 157, Palo Pinto TX 76484
Principal officer (990 for 2024)
Larissa F BARRINGTON, 910 South FM 4, Palo Pinto, TX 76484
Principal officer (990-N for 2023)
William Reagan, PO Box 157, Palo Pinto TX 76484
Signed the 990
Larissa F BARRINGTON, SEC TREAS
Phone
(940) 558-2700
Return prepared by
Susan J Schaefer CPA

Mission

PROVIDE POTABLE DRINKING WATER TO THE CORPORATIONS RURAL MEMBERSHIP

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE POTABLE DRINKING WATER TO THE CORPORATIONS RURAL MEMBERSHIP
    Expenses $688,409 · revenue $718,891

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-N on file

IRS record

EIN
75-1298544
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1970
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,077,999
Income (IRS master file)
$1,352,459

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,352,459$740,676$3,077,999XML
990-N for 2023
Officer: William Reagan
December 31, 2023≤ $50,000 receipts––e-Postcard
990December 2021$353,574$337,024$1,090,107XML

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 75-1298544).

Questions about PALO PINTO WATER SUPPLY CORPORATION

What is the EIN of PALO PINTO WATER SUPPLY CORPORATION?
The employer identification number (EIN) of PALO PINTO WATER SUPPLY CORPORATION is 75-1298544.
Is PALO PINTO WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1970.
Are donations to PALO PINTO WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PALO PINTO 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 PALO PINTO 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 PALO PINTO 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 PALO PINTO WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 names Larissa F BARRINGTON.
Who are the officers and directors of PALO PINTO WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does PALO PINTO WATER SUPPLY CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,352,459, expenses of $740,676 and total assets of $3,077,999 at year end.

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