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Nonprofit · EIN 76-0364821

LAKE BONANZA WATER SUPPLY CORPORATION

Tax-exempt · WILLIS, TX 77378

Financials

$915K$836K2023$828K$947K2024
Revenue Expenses · by fiscal year end
Financials of LAKE BONANZA WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$828,338$947,196-$118,858$3,106,461$2,171,521$934,940
December 31, 2023990$914,785$835,622$79,163$3,274,273$2,220,475$1,053,798
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$818,366
Investment income
$9,972
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$16,800
Salaries, compensation and benefits (total)
$18,228
Professional fundraising fees
$0
Accounting fees
$27,700
Depreciation
$171,097
Program services (functional)
$947,196

Balance sheet and other

Total assets, start of year
$3,274,273
Total assets, end of year
$3,106,461
Total liabilities, end of year
$2,171,521
Net assets, end of year
$934,940
Land, buildings and equipment
$2,489,358
Gross receipts
$828,338
Employees
3
Volunteers
0
Year formed
1995
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
KAREN GONZALEZSECRETARY/TREASURER
Trustee or director, Officer
1$5,900
MARY WESOLICKPRESIDENT
Trustee or director, Officer
1$5,900
ALEC WHITEVICE PRESIDENT
Trustee or director, Officer
1$5,000
BO ROACHDIRECTOR
Trustee or director
1$0
DWIGHT COURTNEYDIRECTOR
Trustee or director
1$0
KAREN LAUBEDIRECTOR
Trustee or director
1$0
RICHARD HARRISDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
KAREN GONZALEZSECRETARY/TREASURER
Trustee or director, Officer
1$5,900
MARY WESOLICKPRESIDENT
Trustee or director, Officer
1$5,900
ALEC WHITEVICE PRESIDENT
Trustee or director, Officer
1$5,000
BO ROACHDIRECTOR
Trustee or director
1$0
DWIGHT COURTNEYDIRECTOR
Trustee or director
1$0
KAREN LAUBEDIRECTOR
Trustee or director
1$0
KRISTA INLAYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 893, WILLIS, TX 77378-0893
In care of
% MELANIE WHITE
Principal officer (990 for 2024)
MARY WESOLICK, PO BOX 187, WILLIS, TX 77378
Signed the 990
MARY WESOLICK, PRESIDENT
Phone
(936) 856-4199
Return prepared by
CRI ADVISORS LLC

Mission

PROVIDE COMMUNITY WITH WATER SERVICES.

990 for the year ended December 31, 2024

Program accomplishments

  • COMMUNITY WATER SERVICES AT REASONABLE RATES.
    Expenses $947,196

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
76-0364821
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,106,461
Income (IRS master file)
$828,338

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$828,338$947,196$3,106,461IRS
990December 2023$914,785$835,622$3,274,273XML
990December 2022$869,393$831,215$3,064,823IRS
990December 2021–––IRS
990December 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 76-0364821).

Questions about LAKE BONANZA WATER SUPPLY CORPORATION

What is the EIN of LAKE BONANZA WATER SUPPLY CORPORATION?
The employer identification number (EIN) of LAKE BONANZA WATER SUPPLY CORPORATION is 76-0364821.
Is LAKE BONANZA WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1995.
Are donations to LAKE BONANZA WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does LAKE BONANZA 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 LAKE BONANZA 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 LAKE BONANZA 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 LAKE BONANZA WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 names MARY WESOLICK.
Who are the officers and directors of LAKE BONANZA WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $5,900 (KAREN GONZALEZ, SECRETARY/TREASURER).
How much revenue does LAKE BONANZA WATER SUPPLY CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $828,338, expenses of $947,196 and total assets of $3,106,461 at year end.

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