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Nonprofit · EIN 75-2429778

POSSUM KINGDOM WATER SUPPLY CORPORATION

Tax-exempt · GRAFORD, TX 76449

Financials

$5.8M$3.2M2023$4.6M$3.6M2024$4M$3.7M2025
Revenue Expenses · by fiscal year end
Financials of POSSUM KINGDOM WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$4,036,665$3,661,661$375,004$28,923,304$5,270,047$23,653,257
December 31, 2024990$4,572,575$3,592,273$980,302$28,712,946$5,556,812$23,156,134
December 31, 2023990$5,795,386$3,240,450$2,554,936$27,919,518$5,843,316$22,076,202
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,370,591
Investment income
$439,388
Net gain from sales of assets
$22,000
Other revenue
$226,686

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$531,442
Salaries, compensation and benefits (total)
$630,051
Professional fundraising fees
$0
Legal fees
$5,719
Accounting fees
$37,508
Occupancy
$264,053
Depreciation
$1,227,981
Program services (functional)
$3,661,661

Balance sheet and other

Total assets, start of year
$28,712,946
Total assets, end of year
$28,923,304
Total liabilities, end of year
$5,270,047
Net assets, end of year
$23,653,257
Land, buildings and equipment
$17,642,593
Net assets without donor restrictions
$21,919,387
Net assets with donor restrictions
$1,733,870
Gross receipts
$4,036,665
Employees
10
Year formed
2002
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
R DALE BANKHEADBOARD MEMBER
Trustee or director
2$0
RANDY BURDICKSECRETARY/TR
Trustee or director, Officer
2$0
SUE CATHEYPRESIDENT
Trustee or director, Officer
2$0
ROSENDO FERRERBOARD MEMBER
Trustee or director
2$0
STACY FULFORDBOARD MEMBER
Trustee or director
2$0
MONTE LANDBOARD MEMBER
Trustee or director
2$0
GREG NAGLEBOARD MEMBER
Trustee or director
2$0
SCOTT STUBBSBOARD MEMBER
Trustee or director
2$0
STACY URBANVICE PRESIDE
Trustee or director, Officer
2$0
MICHELE WEBERBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
R DALE BANKHEADBOARD MEMBER
Trustee or director
2$0
RANDY BURDICKVICE PRESIDE
Trustee or director, Officer
2$0
SUE CATHEYPRESIDENT
Trustee or director, Officer
2$0
ROSENDO FERRERBOARD MEMBER
Trustee or director
2$0
STACY FULFORDBOARD MEMBER
Trustee or director
2$0
MONTY JASPERBOARD MEMBER
Trustee or director
2$0
MIKE PATTONSECRETARY/TR
Trustee or director, Officer
2$0
SCOTT STUBBSBOARD MEMBER
Trustee or director
2$0
STACY URBANBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
R DALE BANKHEADBOARD MEMBER
Trustee or director
2$0
RANDY BURDICKVICE PRESIDE
Trustee or director, Officer
2$0
SUE CATHEYPRESIDENT
Trustee or director, Officer
2$0
ROSENDO FERRERBOARD MEMBER
Trustee or director
2$0
STACY FULFORDBOARD MEMBER
Trustee or director
2$0
MONTY JASPERBOARD MEMBER
Trustee or director
2$0
MIKE PATTONSECRETARY/TR
Trustee or director, Officer
2$0
SCOTT STUBBSBOARD MEMBER
Trustee or director
2$0
STACY URBANBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1170 WILLOW RD, GRAFORD, TX 76449-3193
Principal officer (990 for 2025)
SUE CATHEY, 1170 WILLOW ROAD, GRAYFORD, TX 76449
Signed the 990
SUE CATHEY, PRESIDENT
Phone
(940) 779-3100
Return prepared by
SNOW GARRETT WILLIAMS

Mission

TO PROVIDE LOW COST WATER SERVICE TO THE RESIDENTS OF THE POSSUM KINGDOM LAKE AREA.

990 for the year ended December 31, 2025

Program accomplishments

  • THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE RESIDENTS OF THE LAKE POSSUM KINGDOM AREA WITH A LOW COST WATER SUPPLY SYSTEM WHERE MUNICIPAL WATER IS NOT AVAILABLE.
    Expenses $3,661,661 · revenue $3,370,591

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-2429778
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$28,923,304
Income (IRS master file)
$4,036,665

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$4,036,665$3,661,661$28,923,304XML
990December 2024$4,572,575$3,592,273$28,712,946XML
990December 2023$5,795,386$3,240,450$27,919,518XML
990December 2022$4,323,156$3,265,036$24,632,138IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 75-2429778).

Questions about POSSUM KINGDOM WATER SUPPLY CORPORATION

What is the EIN of POSSUM KINGDOM WATER SUPPLY CORPORATION?
The employer identification number (EIN) of POSSUM KINGDOM WATER SUPPLY CORPORATION is 75-2429778.
Is POSSUM KINGDOM WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2002.
Are donations to POSSUM KINGDOM WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does POSSUM KINGDOM 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 POSSUM KINGDOM WATER SUPPLY CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did POSSUM KINGDOM WATER SUPPLY CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of POSSUM KINGDOM WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2025 names SUE CATHEY.
Who are the officers and directors of POSSUM KINGDOM WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does POSSUM KINGDOM WATER SUPPLY CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $4,036,665, expenses of $3,661,661 and total assets of $28,923,304 at year end.

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