Nonprofit · EIN 75-1534246
MORTON VALLEY WATER SUPPLY CORPORATION
Tax-exempt · EASTLAND, TX 76448
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $247,975 | $303,425 | -$55,450 | $3,232,216 | $1,534,243 | $1,697,973 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,150
- Investment income
- $565
- Net income from sales of inventory
- $193,592
- Other revenue
- $224,260
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $73,009
- Salaries, compensation and benefits (total)
- $78,510
- Professional fundraising fees
- $0
- Legal fees
- $26,632
- Accounting fees
- $750
- Occupancy
- $9,374
- Travel
- $2,981
- Depreciation
- $99,610
- Program services (functional)
- $303,425
Balance sheet and other
- Total assets, start of year
- $3,329,686
- Total assets, end of year
- $3,232,216
- Total liabilities, end of year
- $1,534,243
- Net assets, end of year
- $1,697,973
- Land, buildings and equipment
- $3,120,990
- Net assets without donor restrictions
- $1,655,065
- Net assets with donor restrictions
- $42,908
- Gross receipts
- $431,805
- Employees
- 9
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH SEYMOUR | DIRECTOR Officer | 0 | $0 |
| TERRY LOVE | DIRECTOR Officer | 0 | $0 |
| BILL MOSLEY | DIRECTOR Officer | 0 | $0 |
| GLENN CLARK | PRESIDENT Officer | 0 | $0 |
| SCOTT TAYLOR | VICE PRESIDENT Officer | 0 | $0 |
| MIRANDA MCINTIRE | SECRETARY Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 550, EASTLAND, TX 76448-0550
- Signed the 990
- GLENN CLARK MEMBER, PRESIDENT
- Return prepared by
- BRISCOE AND ASSOCIATES LLC
Mission
RURAL WATER DISTRIBUTION
Program accomplishments
- MORTON VALLEY WATER CORP SERVES APPROXIMATELY 250 CUSTOMERS IN AND AROUND THE RURUAL COMMUNITY OF MORTON VALLEY TEXAS. NONE OF THE CUSTOMERS HAVE THE ABILITY TO RECEIVE DRINKING WATER EXCEPT THROUGH THE EFFORTS OF THE CORPORATION.Expenses $303,425
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-1534246
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,232,216
- Income (IRS master file)
- $431,805
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $247,975 | $303,425 | $3,232,216 | XML |
| 990 | December 2022 | $358,416 | $372,094 | $3,329,686 | 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 75-1534246).
Questions about MORTON VALLEY WATER SUPPLY CORPORATION
- What is the EIN of MORTON VALLEY WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of MORTON VALLEY WATER SUPPLY CORPORATION is 75-1534246.
- Is MORTON VALLEY WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1984.
- Are donations to MORTON VALLEY WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MORTON VALLEY 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 MORTON VALLEY 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 MORTON VALLEY WATER SUPPLY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who are the officers and directors of MORTON VALLEY WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2023 lists 6 people; 0 received compensation from the organization.
- How much revenue does MORTON VALLEY WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $247,975, expenses of $303,425 and total assets of $3,232,216 at year end.
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