Civic Intelligence

South Freestone County Water Supply

990 • Fiscal year 2020 • EIN 74-2203615

Oct 01, 2019 to Sep 30, 2020 • Filed on Jul 19, 2021

Organization ProfileWWW.SOUTHFREESTONEWATER.COM
PO Box 208Teague, TX 75860

(903) 389-5952

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.31x

Higher debt load relative to assets than 57% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

64th percentile

1.74x

Higher debt load relative to revenue than 64% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Net Margin

89th percentile

32%

Higher net margin than 89% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

66th percentile

$540

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2020

Asset Growth

76th percentile

5.4%

Faster asset growth than 76% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

20%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$1,844,702

Up $94,738 (+5.4%) from 2019

Net Assets

Up

$1,266,061

Up $105,800 (+9.1%) from 2019

Liabilities

Down

$578,641

Down $11,062 (-1.9%) from 2019

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin89th percentile

Revenue

Up

$332,859

Up $54,737 (+20%) from 2019

Expenses

Up

$227,059

Up $4,039 (+1.8%) from 2019

Net Income

Up

$105,800

Up $50,698 (+92%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,426,596Liabilities 2011: $883,232Net Assets 2011: $543,3642011Assets 2012: $1,496,124Liabilities 2012: $862,046Net Assets 2012: $634,0782012Assets 2013: $1,516,578Liabilities 2013: $844,051Net Assets 2013: $672,5272013Assets 2014: $1,594,992Liabilities 2014: $818,195Net Assets 2014: $776,7972014Assets 2015: $1,619,971Liabilities 2015: $797,540Net Assets 2015: $822,4312015Assets 2016: $1,630,344Liabilities 2016: $766,636Net Assets 2016: $863,7082016Assets 2017: $1,723,077Liabilities 2017: $744,525Net Assets 2017: $978,5522017Assets 2018: $1,819,251Liabilities 2018: $714,092Net Assets 2018: $1,105,1592018Assets 2019: $1,749,964Liabilities 2019: $589,703Net Assets 2019: $1,160,2612019Assets 2020: $1,844,702Liabilities 2020: $578,641Net Assets 2020: $1,266,0612020Assets 2021: $1,857,621Liabilities 2021: $569,214Net Assets 2021: $1,288,4072021Assets 2022: $1,988,590Liabilities 2022: $561,059Net Assets 2022: $1,427,5312022Assets 2023: $2,232,085Liabilities 2023: $606,458Net Assets 2023: $1,625,6272023Assets 2024: $2,451,714Liabilities 2024: $591,327Net Assets 2024: $1,860,3872024

Highlighted filing

2020

Assets$1,844,702
Liabilities$578,641
Net Assets$1,266,061
Open 2020 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Expenses 2011: $227,5592011Expenses 2012: $212,7002012Expenses 2013: $236,0592013Revenue 2014: $330,803Expenses 2014: $226,533Net Income 2014: $104,2702014Revenue 2015: $289,999Expenses 2015: $244,365Net Income 2015: $45,6342015Revenue 2016: $264,478Expenses 2016: $223,201Net Income 2016: $41,2772016Revenue 2017: $337,210Expenses 2017: $222,366Net Income 2017: $114,8442017Revenue 2018: $377,446Expenses 2018: $250,839Net Income 2018: $126,6072018Revenue 2019: $278,122Expenses 2019: $223,020Net Income 2019: $55,1022019Revenue 2020: $332,859Expenses 2020: $227,059Net Income 2020: $105,8002020Revenue 2021: $382,152Expenses 2021: $359,806Net Income 2021: $22,3462021Revenue 2022: $572,619Expenses 2022: $433,491Net Income 2022: $139,1282022Revenue 2023: $655,185Expenses 2023: $457,090Net Income 2023: $198,0952023Revenue 2024: $705,994Expenses 2024: $471,236Net Income 2024: $234,7582024

Highlighted filing

2020

Revenue$332,859
Expenses$227,059
Net Income$105,800
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jul 19, 2021
Return Version
2019v5.0
Gross Receipts
$806,758
Mission and Program Overview

Mission

The corporation's primary exempt purpose is to furnish water to all members of the south freestone county water supply corporation water system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$456,111$634,922▲ $178,811
Land, Buildings, and Equipment, Net$576,987$567,534▼ $9,453
Investments in Publicly Traded Securities-$50,845-
Inventories for Sale or Use$28,332$31,648▲ $3,316
Cash and Non-Interest-Bearing Accounts$106$225▲ $119
Total Assets$1,749,964$1,844,702▲ $94,738
Other Assets Total$688,428$559,528▼ $128,900
Liabilities
Mortgage Notes Payable Secured by Investment Property$470,063$453,448▼ $16,615
Other Liabilities$110,733$115,989▲ $5,256
Accounts Payable and Accrued Expenses$8,907$9,204▲ $297
Total Liabilities$589,703$578,641▼ $11,062
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,160,261$1,266,061▲ $105,800
Total Net Assets Fund Balance$1,160,261$1,266,061▲ $105,800
Total Liabilities and Net Assets / Fund Balance$1,749,964$1,844,702▲ $94,738

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$434,982$2,051,115$2,486,097
Equipment$103,897$154,405$258,302
Buildings$13,917$65,445$79,362
Land$14,738-$14,738
Other Assets Org$154,528--
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleBaseTotal
Anita RobinsonDirector$540$540
Earnest ColbertSec/treas$495$495
Jeff ClarkVice Preside$495$495
Douglas Lynn ClaryPresident$450$450
Mary Lou WhitakerDirector$450$450
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$28,559
Other Revenue
$304,300
Change in Net Assets
$105,800

Audited Revenue Reconciliation

Revenue per Audited Statements
$332,859
Revenue Not Reported on Form 990
$473,899
Total Revenue per Audited Statements
$806,758
Total Revenue per Form 990
$332,859
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$131,697
Salaries, Compensation, and Employee Benefits$95,362
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Employee Benefits---$54,160
Payroll Taxes---$22,395
Interest---$21,965
Pension Plan Contributions---$18,807
Insurance---$12,730
Fees for Services Accounting---$9,145
Other Expenses---$6,912
All Other Expenses---$2,628
Conferences and Meetings---$1,231
Total Functional Expenses$0$0$0$227,059

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$700,958
Expenses Not Reported on Form 990$473,899
Expenses per Audited Statements$227,059
Total Expenses per Form 990$227,059
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
Refundable Deposits$115,950
Volunteer Fire Department Deposits$39
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“All of the customers of the company are members.”

Form 990, Page 6, Part VI, Line 7A

“The governing board is elected by the general membership of the organization. The elections are held at the annual meeting. Board members serve on rotating terms so that not all board members are elected each year.”

Form 990, Page 6, Part VI, Line 11B

“Each director is given a copy of form 990 during a regular business meeting. The directors review the form, discuss any questions and approve it for filing.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors reviews and approves compensation for all employees.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents and financial statements available to the public upon request. Financial statements are distributed to the members at the annual meeting.”

Filing and Contact Details

Filer

Filer Name
South Freestone County Water Supply
EIN
74-2203615
Phone
9033895952
Address
PO BOX 208, TEAGUE, TX 75860

Signing Officer

Name
Douglas Lynn Clary
Title
President
Phone
9033895952
Signed
2021-07-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Lynn Clary
Formed
1970
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Traplena Sullivan & Reinke Pc
Address
4216 FRANKLIN AVE, WACO, TX 76710-6944
Preparer
Jason D Reinke
Phone
2547511133
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Cost of goods sold 473,899 cost of goods sold -473,899”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Cost of goods sold 473,899”

Schedule D, Page 4, Part XII, Line 2D

“Cost of goods sold 473,899”

Raw XML Appendix329 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08907
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09204
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO FURNISH WATER TO ALL MEMBERS OF THE SOUTH FREESTONE COUNTY WATER SUPPLY CORPORATION WATER SYSTEM.
IRS990/AllOtherExpensesGrp/TotalAmt02628
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0CHRISTAL SMITH
IRS990/BooksInCareOfDetail/PhoneNum09033895952
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0P O BOX 208
IRS990/BooksInCareOfDetail/USAddress/CityNm0TEAGUE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075860
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0106
IRS990/CashNonInterestBearingGrp/EOYAmt0225
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt01231
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt0473899
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt028559
IRS990/CYOtherExpensesAmt0131697
IRS990/CYOtherRevenueAmt0304300
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0105800
IRS990/CYSalariesCompEmpBnftPaidAmt095362
IRS990/CYTotalExpensesAmt0227059
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0332859
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0THE ORGANIZATION PROVIDED WATER TO 1180 METERS ON THE WATER SYSTEM DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2020.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt09145
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0ANITA ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFF CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm2EARNEST COLBERT
IRS990/Form990PartVIISectionAGrp/PersonNm3DOUGLAS LYNN CLARY
IRS990/Form990PartVIISectionAGrp/PersonNm4MARY LOU WHITAKER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0540
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1495
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2495
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01970
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt07000
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt07000
IRS990/GrossReceiptsAmt0806758
IRS990/GrossSalesOfInventoryAmt0777891
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt012730
IRS990/InterestGrp/TotalAmt021965
IRS990/InventoriesForSaleOrUseGrp/BOYAmt028332
IRS990/InventoriesForSaleOrUseGrp/EOYAmt031648
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt021559
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021559
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/EOYAmt050845
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02270965
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0576987
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0567534
IRS990/LandBldgEquipCostOrOtherBssAmt02838499
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0777891
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO FURNISH WATER TO ALL MEMBERS OF THE SOUTH FREESTONE COUNTY WATER SUPPLY CORPORATION WATER SYSTEM.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0470063
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0453448
IRS990/NetAssetsOrFundBalancesBOYAmt01160261
IRS990/NetAssetsOrFundBalancesEOYAmt01266061
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt07000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07000
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0303992
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0303992
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01160261
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01266061
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0688428
IRS990/OtherAssetsTotalGrp/EOYAmt0559528
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054160
IRS990/OtherExpensesGrp/Desc0OFFICE EXPENSE
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2FUEL
IRS990/OtherExpensesGrp/Desc3DUES AND FEES
IRS990/OtherExpensesGrp/TotalAmt030847
IRS990/OtherExpensesGrp/TotalAmt130460
IRS990/OtherExpensesGrp/TotalAmt215779
IRS990/OtherExpensesGrp/TotalAmt36912
IRS990/OtherLiabilitiesGrp/BOYAmt0110733
IRS990/OtherLiabilitiesGrp/EOYAmt0115989
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0308
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0308
IRS990/OtherRevenueTotalAmt0308
IRS990/OtherSourcesGrossIncomeAmt028867
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt022395
IRS990/PensionPlanContributionsGrp/TotalAmt018807
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DOUGLAS LYNN CLARY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt013663
IRS990/PYOtherExpensesAmt0139899
IRS990/PYOtherRevenueAmt0264459
IRS990/PYRevenuesLessExpensesAmt055102
IRS990/PYSalariesCompEmpBnftPaidAmt083121
IRS990/PYTotalExpensesAmt0223020
IRS990/PYTotalRevenueAmt0278122
IRS990/ReconcilationRevenueExpnssAmt0105800
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0456111
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0634922
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013917
IRS990ScheduleD/BuildingsGrp/DepreciationAmt065445
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt079362
IRS990ScheduleD/EquipmentGrp/BookValueAmt0103897
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0154405
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0258302
IRS990ScheduleD/ExpensesNotReportedAmt0473899
IRS990ScheduleD/ExpensesSubtotalAmt0227059
IRS990ScheduleD/LandGrp/BookValueAmt014738
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt014738
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0405000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1154528
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH RESERVE
IRS990ScheduleD/OtherExpensesIncludedAmt0473899
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0434982
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02051115
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02486097
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0115950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt139
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0REFUNDABLE DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1VOLUNTEER FIRE DEPARTMENT DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0473899
IRS990ScheduleD/RevenueNotReportedAmt0473899
IRS990ScheduleD/RevenueSubtotalAmt0332859
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF GOODS SOLD 473,899
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF GOODS SOLD 473,899
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0567534
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0559528
IRS990ScheduleD/TotalExpensesPerForm990Amt0227059
IRS990ScheduleD/TotalLiabilityAmt0115989
IRS990ScheduleD/TotalRevenuePerForm990Amt0332859
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0806758
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0700958
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL OF THE CUSTOMERS OF THE COMPANY ARE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BOARD IS ELECTED BY THE GENERAL MEMBERSHIP OF THE ORGANIZATION. THE ELECTIONS ARE HELD AT THE ANNUAL MEETING. BOARD MEMBERS SERVE ON ROTATING TERMS SO THAT NOT ALL BOARD MEMBERS ARE ELECTED EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR IS GIVEN A COPY OF FORM 990 DURING A REGULAR BUSINESS MEETING. THE DIRECTORS REVIEW THE FORM, DISCUSS ANY QUESTIONS AND APPROVE IT FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE MEMBERS AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COST OF GOODS SOLD 473,899 COST OF GOODS SOLD -473,899
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01749964
IRS990/TotalAssetsEOYAmt01844702
IRS990/TotalAssetsGrp/BOYAmt01749964
IRS990/TotalAssetsGrp/EOYAmt01844702
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0227059
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0589703
IRS990/TotalLiabilitiesEOYAmt0578641
IRS990/TotalLiabilitiesGrp/BOYAmt0589703
IRS990/TotalLiabilitiesGrp/EOYAmt0578641
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01160261
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01266061
IRS990/TotalReportableCompFromOrgAmt02430
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0332859
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0332859
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01749964
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01844702
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 208
IRS990/USAddress/CityNm0TEAGUE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075860
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SOUTHFREESTONEWATER.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DOUGLAS LYNN CLARY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09033895952
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH FREESTONE COUNTY WATER SUPPLY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0742203615
ReturnHeader/Filer/PhoneNum09033895952
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 208
ReturnHeader/Filer/USAddress/CityNm0TEAGUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075860
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0814492811
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRAPLENA SULLIVAN & REINKE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04216 FRANKLIN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WACO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0767106944
ReturnHeader/PreparerPersonGrp/PhoneNum02547511133
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON D REINKE
ReturnHeader/ReturnTs02021-07-19T09:29:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,844,702
Liabilities
$578,641
Net assets
$1,266,061
Revenue
$332,859
Expenses
$227,059
Net income
$105,800
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.45$0.59$1.86$0.71$0.47$0.23
2023Summary only. Only limited summary data is available for this year.$2.23$0.61$1.63$0.66$0.46$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.56$1.43$0.57$0.43$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.57$1.29$0.38$0.36$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.58$1.27$0.33$0.23$0.11
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.59$1.16$0.28$0.22$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.71$1.11$0.38$0.25$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.72$0.74$0.98$0.34$0.22$0.11
2016Summary only. Only limited summary data is available for this year.$1.63$0.77$0.86$0.26$0.22$0.04
2015Summary only. Only limited summary data is available for this year.$1.62$0.80$0.82$0.29$0.24$0.05
2014Summary only. Only limited summary data is available for this year.$1.59$0.82$0.78$0.33$0.23$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.84$0.67$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.86$0.63$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.88$0.54$0.23