Nonprofit · EIN 75-1376329
FRANKSTON RURAL WATER SUPPLY CORP
Tax-exempt · FRANKSTON, TX 75763
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $876,311 | $452,553 | $423,758 | $1,442,022 | $40,931 | $1,401,091 |
| December 31, 2023 | 990 | $634,038 | $606,468 | $27,570 | $872,697 | $40,356 | $832,341 |
| December 31, 2022 | 990 | $371,830 | $303,725 | $68,105 | $955,409 | $36,764 | $918,645 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $447,892
- of which government grants
- $447,892
- Program service revenue
- $418,802
- Investment income
- $6,938
- Net income from sales of inventory
- $2,026
- Other revenue
- $2,679
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $101,759
- Salaries, compensation and benefits (total)
- $109,665
- Professional fundraising fees
- $0
- Accounting fees
- $1,965
- Depreciation
- $58,124
Balance sheet and other
- Total assets, start of year
- $872,697
- Total assets, end of year
- $1,442,022
- Total liabilities, end of year
- $40,931
- Net assets, end of year
- $1,401,091
- Land, buildings and equipment
- $1,123,583
- Gross receipts
- $876,311
- Employees
- 4
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROB HORD | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HOWIE | DIRECTOR Trustee or director | 1 | $0 |
| JIM DWYER | DIRECTOR Trustee or director | 1 | $0 |
| RAY BEDDINGFIELD | PRESIDENT Officer | 5 | $0 |
| LAURA WILLIAMS | SECRETARY/TREASURER Officer | 5 | $0 |
| GARY WORLOW | VICE PRESIDENT Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROB HORD | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HOWIE | DIRECTOR Trustee or director | 1 | $0 |
| JIM DWYER | DIRECTOR Trustee or director | 1 | $0 |
| RAY BEDDINGFIELD | PRESIDENT Officer | 5 | $0 |
| LAURA WILLIAMS | SECRETARY/TREASURER Officer | 5 | $0 |
| GARY WORLOW | VICE PRESIDENT Officer | 1 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAY BEDDINGFIELD | PRESIDENT Trustee or director, Officer | 5 | $0 |
| LAURA WILLIAMS | SECRETARY/TREASURER Trustee or director, Officer | – | $0 |
| GARY WORLOW | VICE PRESIDENT Trustee or director, Officer | – | $0 |
| ROB HORD | DIRECTOR Trustee or director | – | $0 |
| JIM DWYER | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 105 GARRISON ST, FRANKSTON, TX 75763-2660
- In care of
- % RAY BEDDINGFIELD
- Principal officer (990 for 2024)
- RAY BEDDINGFIELD, PO Box 725, FRANKSTON, TX 75763
- Signed the 990
- RAY BEDDINGFIELD, PRESIDENT
- Return prepared by
- Almon Income Tax Inc
Mission
PROVIDE DRINKING WATER TO RURAL MEMBERS
Program accomplishments
- MEMBER OWNED WATER UTILITY SYSTEM. WE COLLECT FEES FOR WATER USAGE, LATE FEES, AND SERVICE CHARGES. WE USE THOSE FEES TO KEEP OUR SYSTEMS IN WORKING CONDITION. ALL INCOME IS EXEMPT AND RELATED.
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
- 75-1376329
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,442,022
- Income (IRS master file)
- $876,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $876,311 | $452,553 | $1,442,022 | XML |
| 990 | December 2023 | $634,038 | $606,468 | $872,697 | XML |
| 990 | December 2022 | $371,830 | $303,725 | $955,409 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-1376329).
Questions about FRANKSTON RURAL WATER SUPPLY CORP
- What is the EIN of FRANKSTON RURAL WATER SUPPLY CORP?
- The employer identification number (EIN) of FRANKSTON RURAL WATER SUPPLY CORP is 75-1376329.
- Is FRANKSTON RURAL WATER SUPPLY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1973.
- Are donations to FRANKSTON RURAL WATER SUPPLY CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FRANKSTON RURAL 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 FRANKSTON RURAL WATER SUPPLY CORP 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 FRANKSTON RURAL WATER SUPPLY CORP 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 FRANKSTON RURAL WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2024 names RAY BEDDINGFIELD.
- Who are the officers and directors of FRANKSTON RURAL WATER SUPPLY CORP?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does FRANKSTON RURAL WATER SUPPLY CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $876,311, expenses of $452,553 and total assets of $1,442,022 at year end.
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