Civic Intelligence

Myrtle Springs Water Supply Company

EIN 75-1232329 • 501(c)12 • Canton, TX

Profile

Cooperative Water Company

PO Box 99Canton, TX 75103

www.myrtlespringswater.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.46x

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

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

Liabilities / Revenue

64th percentile

1.20x

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

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

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

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

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

88th percentile

23%

Faster asset growth than 88% of similar nonprofits.

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

Revenue Growth

88th percentile

40%

Faster revenue growth than 88% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$2,954,374

Up $545,671 (+23%) from 2023

Liabilities

Up

$1,361,124

Up $204,889 (+18%) from 2023

Net Assets

Up

$1,593,250

Up $340,782 (+27%) from 2023

Operations
Liabilities / Revenue64th percentileNet Margin82nd percentile

Revenue

Up

$1,138,400

Up $325,746 (+40%) from 2023

Expenses

Up

$797,618

Up $38,885 (+5.1%) from 2023

Net Income

Up

$340,782

Up $286,861 (+532%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth88th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,806,061Liabilities 2010: $816,187Net Assets 2010: $989,8742010Assets 2011: $1,751,359Liabilities 2011: $807,908Net Assets 2011: $943,4512011Assets 2012: $1,663,679Liabilities 2012: $790,385Net Assets 2012: $873,2942012Assets 2013: $1,666,338Liabilities 2013: $817,315Net Assets 2013: $849,0232013Assets 2014: $1,670,467Liabilities 2014: $765,766Net Assets 2014: $904,7012014Assets 2015: $1,676,904Liabilities 2015: $745,932Net Assets 2015: $930,9722015Assets 2016: $1,675,338Liabilities 2016: $766,752Net Assets 2016: $908,5862016Assets 2017: $2,567,180Liabilities 2017: $1,600,859Net Assets 2017: $966,3212017Assets 2018: $2,403,140Liabilities 2018: $1,523,136Net Assets 2018: $880,0042018Assets 2019: $2,400,147Liabilities 2019: $1,471,900Net Assets 2019: $928,2472019Assets 2020: $2,465,143Liabilities 2020: $1,393,525Net Assets 2020: $1,071,6182020Assets 2021: $2,464,255Liabilities 2021: $1,331,201Net Assets 2021: $1,133,0542021Assets 2022: $2,383,867Liabilities 2022: $1,185,320Net Assets 2022: $1,198,5472022Assets 2023: $2,408,703Liabilities 2023: $1,156,235Net Assets 2023: $1,252,4682023Assets 2024: $2,954,374Liabilities 2024: $1,361,124Net Assets 2024: $1,593,2502024

Highlighted filing

2024

Assets$2,954,374
Liabilities$1,361,124
Net Assets$1,593,250
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $411,6372010Revenue 2011: $410,024Expenses 2011: $456,447Net Income 2011: -$46,4232011Expenses 2012: $449,4272012Revenue 2013: $422,897Expenses 2013: $447,168Net Income 2013: -$24,2712013Revenue 2014: $494,656Expenses 2014: $438,978Net Income 2014: $55,6782014Revenue 2015: $499,540Expenses 2015: $487,562Net Income 2015: $11,9782015Revenue 2016: $485,737Expenses 2016: $496,056Net Income 2016: -$10,3192016Revenue 2017: $636,523Expenses 2017: $560,360Net Income 2017: $76,1632017Revenue 2018: $576,851Expenses 2018: $663,168Net Income 2018: -$86,3172018Revenue 2019: $676,798Expenses 2019: $628,555Net Income 2019: $48,2432019Revenue 2020: $779,684Expenses 2020: $636,313Net Income 2020: $143,3712020Revenue 2021: $766,168Expenses 2021: $704,732Net Income 2021: $61,4362021Revenue 2022: $852,158Expenses 2022: $786,665Net Income 2022: $65,4932022Revenue 2023: $812,654Expenses 2023: $758,733Net Income 2023: $53,9212023Revenue 2024: $1,138,400Expenses 2024: $797,618Net Income 2024: $340,7822024

Highlighted filing

2024

Revenue$1,138,400
Expenses$797,618
Net Income$340,782
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
$2,954,374
Liabilities
$1,361,124
Net assets
$1,593,250
Revenue
$1,138,400
Expenses
$797,618
Net income
$340,782
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.95$1.36$1.59$1.14$0.80$0.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$1.16$1.25$0.81$0.76$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$1.19$1.20$0.85$0.79$0.07
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$1.33$1.13$0.77$0.70$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$1.39$1.07$0.78$0.64$0.14
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$1.47$0.93$0.68$0.63$0.05
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$1.52$0.88$0.58$0.66$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$1.60$0.97$0.64$0.56$0.08
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.77$0.91$0.49$0.50$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.68$0.75$0.93$0.50$0.49$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.67$0.77$0.90$0.49$0.44$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.67$0.82$0.85$0.42$0.45$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.79$0.87$0.45
2011Summary only. Only limited summary data is available for this year.$1.75$0.81$0.94$0.41$0.46$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.82$0.99$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 19, 2025
Return Version
2024v5.1
Gross Receipts
$1,138,400
Mission and Program Overview

Mission

Cooperative Water Company

Provide water to the cooperative members of the rural area in myrtle springs, tx.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,758,945$1,983,089▲ $224,144
Cash and Non-Interest-Bearing Accounts$488,075$781,074▲ $292,999
Accounts Receivable$77,281$103,367▲ $26,086
Savings and Temporary Cash Investments$81,403$83,680▲ $2,277
Prepaid Expenses and Deferred Charges$2,999$3,164▲ $165
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,408,703$2,954,374▲ $545,671
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,081,912$1,093,887▲ $11,975
Deferred Revenue-$247,594-
Accounts Payable and Accrued Expenses$74,323$19,643▼ $54,680
Total Liabilities$1,156,235$1,361,124▲ $204,889
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,252,468$1,593,250▲ $340,782
Total Net Assets Fund Balance$1,252,468$1,593,250▲ $340,782
Total Liabilities and Net Assets / Fund Balance$2,408,703$2,954,374▲ $545,671

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,192,240$1,932,111$3,124,351
Leasehold Improvements$571,650$142,910$714,560
Buildings$116,511$72,484$188,995
Equipment$21,086$156,802$177,888
Land$81,602-$81,602
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
John KimbrewPresident
Frank MeyersVice President
Chris HarrisDirector
Connie HernandezDirector
Dean GorellDirector
Buster LeavellTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
JW Utilities LLC - DBA Utility SolutionsConstruction14783 CR 1313, Malakoff, TX 75148$138,975
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,104,275
Investment Income
$2,484
Other Revenue
$31,641
Change in Net Assets
$340,782

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,138,400
Total Revenue per Audited Statements
$1,138,400
Total Revenue per Form 990
$1,138,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$550,830
Salaries, Compensation, and Employee Benefits$246,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$222,008-$222,008
Depreciation Depletion-$153,769-$153,769
Insurance-$61,466-$61,466
Interest-$47,770-$47,770
Office Expenses-$28,476-$28,476
Payroll Taxes-$18,161-$18,161
Fees for Services Other-$9,826-$9,826
Fees for Services Accounting-$8,000-$8,000
Other Expenses$168,275$7,253-$7,253
Other Employee Benefits-$6,619-$6,619
All Other Expenses-$4,384-$4,384
Fees for Services Legal-$1,550-$1,550
Occupancy-$1,500-$1,500
Total Functional Expenses$168,275$629,343$0$797,618

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$797,618
Total Expenses per Audited Statements$797,618
Total Expenses per Form 990$797,618
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“There is only one class of members. All members have the same status and elect members of the governing body yearly. The members can receive a share of the organization's profits or excess dues or a share of the net assets upon the organizations dissolution. Additionally, costs for both commercial and residential are based upon meter size and usage of water.”

Form 990, Part VI, Section A, Line 7A

“There is only one class of membership (customers of myrtle springs wsc), who have the same status and voting rights. The members elect the governing body on a yearly basis.”

Form 990, Part VI, Section A, Line 7B

“Annual meeting to discuss and approve significant decisions. These include election of the governing body for the following year.”

Form 990, Part VI, Section B, Line 11B

“Monthly financial statements are presented and discussed with governing board each month. When it comes time to finalize the 990 form, interaction takes place with the board, management, and accountant. Management and the signing board member review one last time before submitting to irs. Final version of the filed form 990 is made available to the governing board at their regularly scheduled meeting.”

Form 990, Part VI, Section B, Line 12C

“Director shall abstain from voting on an issue that may be deemed or interpreted by the membership as a conflict of interest.”

Form 990, Part VI, Section B, Line 15A

“All hirings are reviewed and approved by the governing board. Comparability data is made available by tceq and the discussions and decisions are documented in the minutes.”

Form 990, Part VI, Section B, Line 15B

“All hirings are reviewed and approved by the governing board. Comparability data is made available by tceq and discussions and decisions are documented in the minutes.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Myrtle Springs Water Supply Company
EIN
75-1232329
Phone
9038658402
Address
PO BOX 99, CANTON, TX 75103

Signing Officer

Name
John Kimbrew
Title
President
Signed
2025-06-19
Discuss with paid preparer
Yes

Organization Details

Formed
1968
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
4

Preparer

Firm
Mcpa Pc
Address
301 E BROAD ST, FORNEY, TX 75126
Preparer
Eric E Paschall
Phone
9725641660
Raw XML Appendix392 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/AccountsReceivableGrp/EOYAmt0103367
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE WATER TO THE COOPERATIVE MEMBERS OF THE RURAL AREA IN MYRTLE SPRINGS, TX.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04384
IRS990/AllOtherExpensesGrp/TotalAmt04384
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd075103
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IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
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IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0138975
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt014783 CR 1313
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Malakoff
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IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0153769
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IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt04
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5President
IRS990/Form990ProvidedToGvrnBodyInd0true
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IRS990/IRPDocumentCnt03
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IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt01104275
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE SAFE, HIGH QUAILITY WATER SERVICES TO ITS COMMUNITY, WHILE MAINTAINING A STANDARD OF EXCELLENCE IN CUSTOMER SERVICE AND ENVIRONMENTAL CONSERVATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01081912
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01093887
IRS990/NetAssetsOrFundBalancesBOYAmt01252468
IRS990/NetAssetsOrFundBalancesEOYAmt01593250
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01252468
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01593250
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt01500
IRS990/OccupancyGrp/TotalAmt01500
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028476
IRS990/OfficeExpensesGrp/TotalAmt028476
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06619
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06619
IRS990/OtherExpensesGrp/Desc0FIELD EXPENSES
IRS990/OtherExpensesGrp/Desc1UTILITIES AND TELEPHONE
IRS990/OtherExpensesGrp/Desc2VEHICLE EXPENSES
IRS990/OtherExpensesGrp/Desc3WATER ASSESSMENT FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt048655
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19906
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27253
IRS990/OtherExpensesGrp/ProgramServicesAmt0168275
IRS990/OtherExpensesGrp/TotalAmt0168275
IRS990/OtherExpensesGrp/TotalAmt148655
IRS990/OtherExpensesGrp/TotalAmt29906
IRS990/OtherExpensesGrp/TotalAmt37253
IRS990/OtherRevenueMiscGrp/BusinessCd0561439
IRS990/OtherRevenueMiscGrp/Desc0Misc-copier & fax fees
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt031641
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt031641
IRS990/OtherRevenueTotalAmt031641
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0222008
IRS990/OtherSalariesAndWagesGrp/TotalAmt0222008
IRS990/OtherSourcesGrossIncomeAmt031641
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018161
IRS990/PayrollTaxesGrp/TotalAmt018161
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02999
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03164
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0NEW METER INSTALLS
IRS990/ProgramServiceRevenueGrp/Desc1WATER SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0248298
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1855977
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0248298
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1855977
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt02079
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0521118
IRS990/PYOtherRevenueAmt013086
IRS990/PYProgramServiceRevenueAmt0797489
IRS990/PYRevenuesLessExpensesAmt053921
IRS990/PYSalariesCompEmpBnftPaidAmt0237615
IRS990/PYTotalExpensesAmt0758733
IRS990/PYTotalRevenueAmt0812654
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0340782
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt081403
IRS990/SavingsAndTempCashInvstGrp/EOYAmt083680
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0116511
IRS990ScheduleD/BuildingsGrp/DepreciationAmt072484
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0188995
IRS990ScheduleD/EquipmentGrp/BookValueAmt021086
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0156802
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0177888
IRS990ScheduleD/ExpensesSubtotalAmt0797618
IRS990ScheduleD/LandGrp/BookValueAmt081602
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt081602
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0571650
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0142910
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0714560
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01192240
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01932111
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03124351
IRS990ScheduleD/RevenueSubtotalAmt01138400
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01983089
IRS990ScheduleD/TotalExpensesPerForm990Amt0797618
IRS990ScheduleD/TotalRevenuePerForm990Amt01138400
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01138400
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0797618
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE THE SAME STATUS AND ELECT MEMBERS OF THE GOVERNING BODY YEARLY. THE MEMBERS CAN RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS OR EXCESS DUES OR A SHARE OF THE NET ASSETS UPON THE ORGANIZATIONS DISSOLUTION. ADDITIONALLY, COSTS FOR BOTH COMMERCIAL AND RESIDENTIAL ARE BASED UPON METER SIZE AND USAGE OF WATER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS ONLY ONE CLASS OF MEMBERSHIP (CUSTOMERS OF MYRTLE SPRINGS WSC), WHO HAVE THE SAME STATUS AND VOTING RIGHTS. THE MEMBERS ELECT THE GOVERNING BODY ON A YEARLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL MEETING TO DISCUSS AND APPROVE SIGNIFICANT DECISIONS. THESE INCLUDE ELECTION OF THE GOVERNING BODY FOR THE FOLLOWING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MONTHLY FINANCIAL STATEMENTS ARE PRESENTED AND DISCUSSED WITH GOVERNING BOARD EACH MONTH. WHEN IT COMES TIME TO FINALIZE THE 990 FORM, INTERACTION TAKES PLACE WITH THE BOARD, MANAGEMENT, AND ACCOUNTANT. MANAGEMENT AND THE SIGNING BOARD MEMBER REVIEW ONE LAST TIME BEFORE SUBMITTING TO IRS. FINAL VERSION OF THE FILED FORM 990 IS MADE AVAILABLE TO THE GOVERNING BOARD AT THEIR REGULARLY SCHEDULED MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DIRECTOR SHALL ABSTAIN FROM VOTING ON AN ISSUE THAT MAY BE DEEMED OR INTERPRETED BY THE MEMBERSHIP AS A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL HIRINGS ARE REVIEWED AND APPROVED BY THE GOVERNING BOARD. COMPARABILITY DATA IS MADE AVAILABLE BY TCEQ AND THE DISCUSSIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL HIRINGS ARE REVIEWED AND APPROVED BY THE GOVERNING BOARD. COMPARABILITY DATA IS MADE AVAILABLE BY TCEQ AND DISCUSSIONS AND DECISIONS ARE DOCUMENTED IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02408703
IRS990/TotalAssetsEOYAmt02954374
IRS990/TotalAssetsGrp/BOYAmt02408703
IRS990/TotalAssetsGrp/EOYAmt02954374
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0629343
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0168275
IRS990/TotalFunctionalExpensesGrp/TotalAmt0797618
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01156235
IRS990/TotalLiabilitiesEOYAmt01361124
IRS990/TotalLiabilitiesGrp/BOYAmt01156235
IRS990/TotalLiabilitiesGrp/EOYAmt01361124
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01252468
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01593250
IRS990/TotalProgramServiceRevenueAmt01104275
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01138400
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01138400
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02408703
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02954374
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 99
IRS990/USAddress/CityNm0CANTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075103
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.MYRTLESPRINGSWATER.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN KIMBREW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MYRTLE SPRINGS WATER SUPPLY COMPANY
ReturnHeader/Filer/BusinessNameControlTxt0MYRT
ReturnHeader/Filer/EIN0751232329
ReturnHeader/Filer/PhoneNum09038658402
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 99
ReturnHeader/Filer/USAddress/CityNm0CANTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075103
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0900085186
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 E BROAD ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORNEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075126
ReturnHeader/PreparerPersonGrp/PhoneNum09725641660
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC E PASCHALL
ReturnHeader/ReturnTs02025-06-19T11:37:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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