Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 75-1542802

NORWOOD WATER SUPPLY CORPORATION

Tax-exempt · FARMERSVILLE, TX 75442

Financials

$357K$297K2023$389K$335K2024
Revenue Expenses · by fiscal year end
Financials of NORWOOD WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$389,435$335,001$54,434$2,795,333$1,559,957$1,235,376
December 31, 2023990$357,461$296,964$60,497$1,926,328$745,836$1,180,492
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$379,244
Investment income
$10,191
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$115,737
Salaries, compensation and benefits (total)
$124,712
Professional fundraising fees
$0
Legal fees
$25
Accounting fees
$3,900
Travel
$628
Depreciation
$61,042
Program services (functional)
$335,001

Balance sheet and other

Total assets, start of year
$1,926,328
Total assets, end of year
$2,795,333
Total liabilities, end of year
$1,559,957
Net assets, end of year
$1,235,376
Land, buildings and equipment
$2,295,187
Gross receipts
$389,435
Employees
2
Year formed
1984
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
MERL ESTEPPRESIDENT
Trustee or director, Officer
–$0
LARRY MILLERDIRECTOR
Trustee or director
–$0
MICHAEL NICHOLSSEC/TREAS
Trustee or director, Officer
–$0
MARK ROGERSDIRECTOR
Trustee or director
–$0
PERRIN ROLLERDIRECTOR
Trustee or director
–$0
ROLLIN SMITHV PRESIDENT
Trustee or director, Officer
–$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
MARY BARNHARTSEC/TREAS
Trustee or director, Officer
–$0
MERL ESTEPPRESIDENT
Trustee or director, Officer
–$0
MICHAEL NICHOLSDIRECTOR
Trustee or director
–$0
MARK ROGERSDIRECTOR
Trustee or director
–$0
PERRIN ROLLERDIRECTOR
Trustee or director
–$0
ROLLIN SMITHV PRESIDENT
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 27, FARMERSVILLE, TX 75442-0027
Principal officer (990 for 2024)
MERL ESTEP, 240 ACR 400, PALESTINE, TX 75803
Signed the 990
JANICE POWELL, MANAGER
Phone
(877) 782-6418
Return prepared by
HOLDREDGE SHADDOX & HABIBELAHIAN LLP

Mission

TO PROVIDE WATER SERVICE TO APPROX 448 RESIDENTS OF A RURAL COMMUNITY

990 for the year ended December 31, 2024

Program accomplishments

  • RURAL WATER UTILITY SALES & SERVICE
    Expenses $335,001 · revenue $379,244

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
75-1542802
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,795,333
Income (IRS master file)
$389,435

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$389,435$335,001$2,795,333XML
990December 2023$357,461$296,964$1,926,328XML
990December 2022$318,030$246,630$1,840,090IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 75-1542802).

Questions about NORWOOD WATER SUPPLY CORPORATION

What is the EIN of NORWOOD WATER SUPPLY CORPORATION?
The employer identification number (EIN) of NORWOOD WATER SUPPLY CORPORATION is 75-1542802.
Is NORWOOD WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1981.
Are donations to NORWOOD WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NORWOOD 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 NORWOOD 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 NORWOOD 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 NORWOOD WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 names MERL ESTEP.
Who are the officers and directors of NORWOOD WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does NORWOOD WATER SUPPLY CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $389,435, expenses of $335,001 and total assets of $2,795,333 at year end.

Other nonprofits in FARMERSVILLE

All nonprofits in FARMERSVILLE · Texas