Civic Intelligence

Levi Water Supply Corporation

EIN 74-1502882 • 501(c)12 • Lorena, TX

Profile

To provide a reliable source of potable water to all residential,

P O Box 490Lorena, TX 76655-0490

www.leviwater.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.48x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

2.03x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$64,656

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Asset Growth

84th percentile

14%

Faster asset growth than 84% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

48%

Faster revenue growth than 89% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$4,776,317

Up $591,828 (+14%) from 2023

Liabilities

Down

$2,274,639

Down $248,855 (-9.9%) from 2023

Net Assets

Up

$2,501,678

Up $840,683 (+51%) from 2023

Operations
Liabilities / Revenue78th percentileNet Margin76th percentile

Revenue

Up

$1,122,843

Up $366,073 (+48%) from 2023

Expenses

Up

$859,258

Up $70,866 (+9.0%) from 2023

Net Income

Up

$263,585

Up $295,207 (+934%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,311,755Liabilities 2010: $1,418,214Net Assets 2010: $893,5412010Assets 2011: $2,326,271Liabilities 2011: $1,376,894Net Assets 2011: $949,3772011Assets 2012: $2,347,059Liabilities 2012: $1,310,949Net Assets 2012: $1,036,1102012Assets 2013: $2,385,493Liabilities 2013: $1,267,098Net Assets 2013: $1,118,3952013Assets 2014: $2,859,132Liabilities 2014: $1,681,648Net Assets 2014: $1,177,4842014Assets 2015: $2,832,239Liabilities 2015: $1,614,666Net Assets 2015: $1,217,5732015Assets 2016: $3,786,448Liabilities 2016: $2,565,213Net Assets 2016: $1,221,2352016Assets 2017: $3,714,527Liabilities 2017: $2,467,523Net Assets 2017: $1,247,0042017Assets 2018: $3,709,637Liabilities 2018: $2,408,868Net Assets 2018: $1,300,7692018Assets 2019: $3,955,782Liabilities 2019: $2,367,742Net Assets 2019: $1,588,0402019Assets 2020: $4,023,288Liabilities 2020: $2,206,094Net Assets 2020: $1,817,1942020Assets 2021: $4,046,705Liabilities 2021: $2,103,621Net Assets 2021: $1,943,0842021Assets 2022: $4,155,923Liabilities 2022: $2,017,157Net Assets 2022: $2,138,7662022Assets 2023: $4,184,489Liabilities 2023: $2,523,494Net Assets 2023: $1,660,9952023Assets 2024: $4,776,317Liabilities 2024: $2,274,639Net Assets 2024: $2,501,6782024

Highlighted filing

2024

Assets$4,776,317
Liabilities$2,274,639
Net Assets$2,501,678
Open 2024 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $459,6902010Revenue 2011: $582,558Expenses 2011: $526,722Net Income 2011: $55,8362011Expenses 2012: $484,2542012Revenue 2013: $587,623Expenses 2013: $505,338Net Income 2013: $82,2852013Revenue 2014: $576,805Expenses 2014: $517,804Net Income 2014: $59,0012014Revenue 2015: $607,254Expenses 2015: $567,165Net Income 2015: $40,0892015Revenue 2016: $620,068Expenses 2016: $674,939Net Income 2016: -$54,8712016Revenue 2017: $713,601Expenses 2017: $683,999Net Income 2017: $29,6022017Revenue 2018: $774,220Expenses 2018: $722,393Net Income 2018: $51,8272018Revenue 2019: $981,290Expenses 2019: $681,074Net Income 2019: $300,2162019Revenue 2020: $970,840Expenses 2020: $740,839Net Income 2020: $230,0012020Revenue 2021: $849,048Expenses 2021: $715,703Net Income 2021: $133,3452021Revenue 2022: $945,114Expenses 2022: $749,432Net Income 2022: $195,6822022Revenue 2023: $756,770Expenses 2023: $788,392Net Income 2023: -$31,6222023Revenue 2024: $1,122,843Expenses 2024: $859,258Net Income 2024: $263,5852024

Highlighted filing

2024

Revenue$1,122,843
Expenses$859,258
Net Income$263,585
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$4,776,317
Liabilities
$2,274,639
Net assets
$2,501,678
Revenue
$1,122,843
Expenses
$859,258
Net income
$263,585
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.78$2.27$2.50$1.12$0.86$0.26
2023Summary only. Only limited summary data is available for this year.$4.18$2.52$1.66$0.76$0.79$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.16$2.02$2.14$0.95$0.75$0.20
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.05$2.10$1.94$0.85$0.72$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.02$2.21$1.82$0.97$0.74$0.23
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$2.37$1.59$0.98$0.68$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$2.41$1.30$0.77$0.72$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$2.47$1.25$0.71$0.68$0.03
2016Summary only. Only limited summary data is available for this year.$3.79$2.57$1.22$0.62$0.67$0.05
2015Summary only. Only limited summary data is available for this year.$2.83$1.61$1.22$0.61$0.57$0.04
2014Summary only. Only limited summary data is available for this year.$2.86$1.68$1.18$0.58$0.52$0.06
2013Summary only. Only limited summary data is available for this year.$2.39$1.27$1.12$0.59$0.51$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$1.31$1.04$0.48
2011Summary only. Only limited summary data is available for this year.$2.33$1.38$0.95$0.58$0.53$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$1.42$0.89$0.46
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,162,751
Mission and Program Overview

Mission

To provide a reliable source of potable water to all residential, commercial, and agricultural members at a reasonable cost in a manner that protects the environment and promotes development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,574,624$3,183,982▲ $609,358
Savings and Temporary Cash Investments$1,424,029$1,237,289▼ $186,740
Cash and Non-Interest-Bearing Accounts$97,883$230,347▲ $132,464
Accounts Receivable$60,643$94,697▲ $34,054
Investments Program Related$24,204$29,871▲ $5,667
Total Assets$4,184,489$4,776,317▲ $591,828
Other Assets Total$3,106$131▼ $2,975
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,477,669$1,755,453▼ $722,216
Deferred Revenue-$460,270-
Other Liabilities$45,825$58,916▲ $13,091
Total Liabilities$2,523,494$2,274,639▼ $248,855
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,660,995$2,501,678▲ $840,683
Total Net Assets Fund Balance$1,660,995$2,501,678▲ $840,683
Total Liabilities and Net Assets / Fund Balance$4,184,489$4,776,317▲ $591,828

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,121,508$2,159,181$5,280,689
Land$62,474-$62,474
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jim SheffieldManagerFT$64,656$64,656

Board Members and Trustees

NameTitle
Chris MillerPresident
John HahneVice-president
Gayle RicheyBoard Member
Connie WedemeyerSecretary
Larry GrothTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Tank Sandblasting and Painting IncSandblasting and paintingPO Box 909, Mineral Wells, TX 76068$104,554
Revenue and Support

Revenue Composition

Contributions and Grants
$112,230
Program Service Revenue
$919,165
Investment Income
$86,663
Other Revenue
$4,785
All Other Contributions
$112,230
Change in Net Assets
$263,585

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,122,843
Total Revenue per Audited Statements
$1,122,843
Total Revenue per Form 990
$1,122,843
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$753,535
Salaries, Compensation, and Employee Benefits$105,723
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$338,892$12,416$0$351,308
Depreciation Depletion$0$0$0$168,426
Current Officers, Directors, Trustees, and Key Employees$33,553$64,656$0$98,209
Interest$81,137$0$0$81,137
Fees for Services Management$74,078$0$0$74,078
Insurance$0$33,671$0$33,671
Other Expenses$16,068$0$0$16,068
Office Expenses$9,415$5,297$0$14,712
Fees for Services Accounting$0$10,471$0$10,471
Payroll Taxes$2,567$4,947$0$7,514
Fees for Services Legal$3,334$0$0$3,334
Fees for Services Other$330$0$0$330
Total Functional Expenses$559,374$131,458$0$859,258

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$859,258
Total Expenses per Audited Statements$859,258
Total Expenses per Form 990$859,258
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued expenses$28,194
Customer prepayments$10,457
Payroll liabilities$7,025
Accrued Interest$6,665
Prepaid meter evaluation$6,575
Insurance Payable$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Levi Water Supply Corporation
EIN
74-1502882
Phone
2548573050
Address
P O Box 490, Lorena, TX 76655-0490

Signing Officer

Name
Jim Sheffield
Title
General Manager
Phone
2548573050
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Miller
Formed
1964
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
2
Volunteers
5

Preparer

Firm
John W McAnally PC CPA
Address
8301 Bosque Blvd, Waco, TX 76712
Preparer
John W McAnally
Phone
2547725690
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

“Customers of the Levi Water Supply Corporation are considered members of the organization.”

Pt VI, Line 7A

“The member-customers of the Levi Water Supply Corporation elect the governing board of directors at the annual meeting of the membership.”

Pt VI, Line 7B

“Certain decisions of the governing board of directors are subject to approval from the member-customers at the annual meeting.”

Pt VI, Line 11B

“The Form 990 is reviewed by the board of directors at a regular or called meeting prior to its filing.”

Pt VI, Line 12C

“Conflict of interest statement is presented to all candidates for the board and signed.”

Pt VI, Line 15A

“The compensation for the organizations employees are based on market value of similar positions in the area. Base compensation is slightly higher than similar positions in the area as the organization provides no benefits for its employees. While the Texas Water Code allows for compensation of board members, currently the organzations board members do not receive compensation. All wages and salaries are ultimately approved by the board of directors at a regular monthly meeting and these deliberations and decisions are recorded in the minutes.”

Pt VI, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statments available to the public upon request.”

Pt XII, Line 2C

“The process has not changed from the prior year.”

Pt XI

“Change in net assets due to reporting depreciation on straight line method rather than tax method, and similar financial statement audit adjustments affecting fixed assets.”

Pt XI

“Financial statement audit reclassification to Deferred revenue $460,270.”

Form 990, Part IX, Line 24E

“Small tools 2192. 2192.”

Form 990, Part IX, Line 24E

“Repairs & maintenance 212234. 202241. 9993.”

Form 990, Part IX, Line 24E

“Service Vehicle expense 6007. 6007.”

Form 990, Part IX, Line 24E

“Utilities 69891. 69576. 315.”

Form 990, Part IX, Line 24E

“Vehicle expense 253. 253.”

Form 990, Part IX, Line 24E

“Training 2310. 2310.”

Form 990, Part IX, Line 24E

“Parts and Supplies 47417. 47417.”

Form 990, Part IX, Line 24E

“Telephone 4624. 4624.”

Form 990, Part IX, Line 24E

“Other expense 6380. 4272. 2108.”

Financial Statement Notes

Other

“Reserved assets are required by the organizations by-laws. Deposits are made into a reserved account as deemed necessary. Withdrawals are made only for emergency repairs, obsolescense of equipment, and for making up any deficiencies in revenues for loan payments.”

Other

“The Corporation is organized to conduct its business on a nonprofit basis and no dividends are ever to be paid on the shares of the membership of the Corporation. All profits arising from the operations of the Corporation are to be paid annually in direct proportion to the amount of business transacted to the persons who have, during the year, transacted business, provided that no such payments are ever to be made while any indebtedness of the corporation remains unpaid. The Corporation has been granted an exemption from federal income tax under Section 501(c)(12) of the Internal Revenue Code. The previous three tax years remain subject to examination by tax jurisdictions.”

Raw XML AppendixShowing 400 of 432 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum02548573050
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02757 Rosenthal Parkway
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IRS990/CreditCounselingInd0false
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IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt02
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IRS990/FeesForServicesOtherGrp/TotalAmt0330
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
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IRS990/Form990PartVIISectionAGrp/PersonNm1John Hahne
IRS990/Form990PartVIISectionAGrp/PersonNm2Connie Wedemeyer
IRS990/Form990PartVIISectionAGrp/PersonNm3Larry Groth
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
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IRS990/InsuranceGrp/ManagementAndGeneralAmt033671
IRS990/InsuranceGrp/ProgramServicesAmt00
IRS990/InsuranceGrp/TotalAmt033671
IRS990/InterestGrp/FundraisingAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt00
IRS990/InterestGrp/ProgramServicesAmt081137
IRS990/InterestGrp/TotalAmt081137
IRS990/InvestmentIncomeGrp/ExclusionAmt064564
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt064564
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt024204
IRS990/InvestmentsProgramRelatedGrp/EOYAmt029871
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02159181
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02574624
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03183982
IRS990/LandBldgEquipCostOrOtherBssAmt05343163
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt039908
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt01031395
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To provide a reliable source of potable water to all residential, commercial, and agricultural members at a reasonable cost in a manner that protects the environment and promotes development.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02477669
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01755453
IRS990/NetAssetsOrFundBalancesBOYAmt01660995
IRS990/NetAssetsOrFundBalancesEOYAmt02501678
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt022099
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt022099
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01660995
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02501678
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05297
IRS990/OfficeExpensesGrp/ProgramServicesAmt09415
IRS990/OfficeExpensesGrp/TotalAmt014712
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03106
IRS990/OtherAssetsTotalGrp/EOYAmt0131
IRS990/OtherChangesInNetAssetsAmt0577098
IRS990/OtherExpensesGrp/Desc0Dues & subscriptions
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt016068
IRS990/OtherExpensesGrp/TotalAmt016068
IRS990/OtherLiabilitiesGrp/BOYAmt045825
IRS990/OtherLiabilitiesGrp/EOYAmt058916
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous revenue
IRS990/OtherRevenueMiscGrp/Desc1Sale of scrap metal
IRS990/OtherRevenueMiscGrp/Desc2Insurance claim proceeds
IRS990/OtherRevenueMiscGrp/ExclusionAmt02159
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02159
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1520
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22106
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1520
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt22106
IRS990/OtherRevenueTotalAmt04785
IRS990/OtherSourcesGrossIncomeAmt091448
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04947
IRS990/PayrollTaxesGrp/ProgramServicesAmt02567
IRS990/PayrollTaxesGrp/TotalAmt07514
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Chris Miller
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0Water revenue
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0919165
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0-136218
IRS990/PYOtherExpensesAmt0683573
IRS990/PYOtherRevenueAmt02805
IRS990/PYProgramServiceRevenueAmt0890183
IRS990/PYRevenuesLessExpensesAmt0-31622
IRS990/PYSalariesCompEmpBnftPaidAmt0104819
IRS990/PYTotalExpensesAmt0788392
IRS990/PYTotalRevenueAmt0756770
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0263585
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01424029
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01237289
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt03121508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02159181
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05280689
IRS990ScheduleD/ExpensesSubtotalAmt0859258
IRS990ScheduleD/LandGrp/BookValueAmt062474
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt062474
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt10
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt36575
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt428194
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt510457
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll liabilities
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Insurance Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Accrued Interest
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Prepaid meter evaluation
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Accrued expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5Customer prepayments
IRS990ScheduleD/RevenueSubtotalAmt01122843
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Reserved assets are required by the organizations by-laws. Deposits are made into a reserved account as deemed necessary. Withdrawals are made only for emergency repairs, obsolescense of equipment, and for making up any deficiencies in revenues for loan payments.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Corporation is organized to conduct its business on a nonprofit basis and no dividends are ever to be paid on the shares of the membership of the Corporation. All profits arising from the operations of the Corporation are to be paid annually in direct proportion to the amount of business transacted to the persons who have, during the year, transacted business, provided that no such payments are ever to be made while any indebtedness of the corporation remains unpaid. The Corporation has been granted an exemption from federal income tax under Section 501(c)(12) of the Internal Revenue Code. The previous three tax years remain subject to examination by tax jurisdictions.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03183982
IRS990ScheduleD/TotalExpensesPerForm990Amt0859258
IRS990ScheduleD/TotalLiabilityAmt058916
IRS990ScheduleD/TotalRevenuePerForm990Amt01122843
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01122843
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0859258
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Customers of the Levi Water Supply Corporation are considered members of the organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The member-customers of the Levi Water Supply Corporation elect the governing board of directors at the annual meeting of the membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Certain decisions of the governing board of directors are subject to approval from the member-customers at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 is reviewed by the board of directors at a regular or called meeting prior to its filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Conflict of interest statement is presented to all candidates for the board and signed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The compensation for the organizations employees are based on market value of similar positions in the area. Base compensation is slightly higher than similar positions in the area as the organization provides no benefits for its employees. While the Texas Water Code allows for compensation of board members, currently the organzations board members do not receive compensation. All wages and salaries are ultimately approved by the board of directors at a regular monthly meeting and these deliberations and decisions are recorded in the minutes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization makes its governing documents, conflict of interest policy and financial statments available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The process has not changed from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Change in net assets due to reporting depreciation on straight line method rather than tax method, and similar financial statement audit adjustments affecting fixed assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Financial statement audit reclassification to Deferred revenue $460,270.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Small tools 2192. 2192.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Repairs & maintenance 212234. 202241. 9993.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Service Vehicle expense 6007. 6007.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Utilities 69891. 69576. 315.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Vehicle expense 253. 253.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Training 2310. 2310.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Parts and Supplies 47417. 47417.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Telephone 4624. 4624.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Other expense 6380. 4272. 2108.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt XII, Line 2c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04184489
IRS990/TotalAssetsEOYAmt04776317
IRS990/TotalAssetsGrp/BOYAmt04184489
IRS990/TotalAssetsGrp/EOYAmt04776317
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112230
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0131458
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0559374
IRS990/TotalFunctionalExpensesGrp/TotalAmt0859258
IRS990/TotalGrossUBIAmt024725
IRS990/TotalLiabilitiesBOYAmt02523494
IRS990/TotalLiabilitiesEOYAmt02274639
IRS990/TotalLiabilitiesGrp/BOYAmt02523494
IRS990/TotalLiabilitiesGrp/EOYAmt02274639
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01660995
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02501678
IRS990/TotalProgramServiceRevenueAmt0919165
IRS990/TotalReportableCompFromOrgAmt064656
IRS990/TotalRevenueGrp/ExclusionAmt066723
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0919165
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01122843
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt024725
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04184489
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04776317
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O Box 490
IRS990/USAddress/CityNm0Lorena
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076655

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