Civic Intelligence

Poetry Water Supply Corporation

EIN 75-1536223 • 501(c)12 • Terrell, TX

Profile

Furnishing treated water to members - water.

PO Box 392Terrell, TX 75160

www.poetrywsc.com

Siviq Scores

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

Liabilities / Assets

29th percentile

0.05x

Higher debt load relative to assets than 29% of similar nonprofits.

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

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

Asset Growth

44th percentile

0.0%

Faster asset growth than 44% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets29th percentile

Assets

Flat

$3,087,926

Flat from 2023

Liabilities

Flat

$165,241

Flat from 2023

Net Assets

Flat

$2,922,685

Flat from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Flat

$0

Flat from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $2,420,414Liabilities 2010: $55,407Net Assets 2010: $2,365,0072010Assets 2011: $2,536,177Liabilities 2011: $50,124Net Assets 2011: $2,486,0532011Assets 2012: $2,554,394Liabilities 2012: $59,167Net Assets 2012: $2,495,2272012Assets 2013: $2,490,136Liabilities 2013: $60,331Net Assets 2013: $2,429,8052013Assets 2014: $2,426,429Liabilities 2014: $73,943Net Assets 2014: $2,352,4862014Assets 2015: $2,399,285Liabilities 2015: $61,225Net Assets 2015: $2,338,0602015Assets 2016: $2,423,952Liabilities 2016: $71,532Net Assets 2016: $2,352,4202016Assets 2017: $2,458,225Liabilities 2017: $69,490Net Assets 2017: $2,388,7352017Assets 2018: $2,550,443Liabilities 2018: $84,814Net Assets 2018: $2,465,6292018Assets 2019: $2,625,347Liabilities 2019: $96,313Net Assets 2019: $2,529,0342019Assets 2020: $2,721,745Liabilities 2020: $115,315Net Assets 2020: $2,606,4302020Assets 2021: $2,982,223Liabilities 2021: $197,065Net Assets 2021: $2,785,1582021Assets 2022: $3,087,926Liabilities 2022: $165,241Net Assets 2022: $2,922,6852022Assets 2023: $3,087,926Liabilities 2023: $165,241Net Assets 2023: $2,922,6852023Assets 2024: $3,087,926Liabilities 2024: $165,241Net Assets 2024: $2,922,6852024

Highlighted filing

2024

Assets$3,087,926
Liabilities$165,241
Net Assets$2,922,685
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $723,2222010Expenses 2011: $769,4942011Expenses 2012: $794,7612012Revenue 2013: $776,201Expenses 2013: $863,923Net Income 2013: -$87,7222013Revenue 2014: $770,562Expenses 2014: $873,081Net Income 2014: -$102,5192014Revenue 2015: $887,323Expenses 2015: $926,336Net Income 2015: -$39,0132015Revenue 2016: $891,502Expenses 2016: $955,142Net Income 2016: -$63,6402016Revenue 2017: $946,386Expenses 2017: $985,836Net Income 2017: -$39,4502017Revenue 2018: $981,238Expenses 2018: $989,284Net Income 2018: -$8,0462018Revenue 2019: $1,031,199Expenses 2019: $1,028,214Net Income 2019: $2,9852019Revenue 2020: $1,075,530Expenses 2020: $1,063,461Net Income 2020: $12,0692020Revenue 2021: $1,036,008Expenses 2021: $1,087,704Net Income 2021: -$51,6962021Revenue 2022: $1,225,771Expenses 2022: $1,170,767Net Income 2022: $55,0042022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2024

Revenue$0
Expenses$0
Net Income$0
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$3,087,926
Liabilities
$165,241
Net assets
$2,922,685
Revenue
$0
Expenses
$0
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.17$2.92$0.00$0.00$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.17$2.92$0.00$0.00$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.17$2.92$1.23$1.17$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.20$2.79$1.04$1.09$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.72$0.12$2.61$1.08$1.06$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$0.10$2.53$1.03$1.03$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.55$0.08$2.47$0.98$0.99$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.46$0.07$2.39$0.95$0.99$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.07$2.35$0.89$0.96$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.40$0.06$2.34$0.89$0.93$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.43$0.07$2.35$0.77$0.87$0.10
2013Detailed filing. Detailed filing data is available for this year.$2.49$0.06$2.43$0.78$0.86$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.06$2.50$0.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.54$0.05$2.49$0.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.42$0.06$2.37$0.72
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,225,771
Mission and Program Overview

Mission

Furnishing treated water to members - water.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,695,644$1,751,060▲ $55,416
Land, Buildings, and Equipment, Net$1,267,670$1,365,668▲ $97,998
Savings and Temporary Cash Investments$1,164,482$1,172,721▲ $8,239
Pd in Cap Srpls Land Bldg Eqp Fund$1,031,614$1,108,125▲ $76,511
Cash and Non-Interest-Bearing Accounts$403,343$399,449▼ $3,894
Accounts Receivable$75,102$72,907▼ $2,195
Inventories for Sale or Use$62,533$70,131▲ $7,598
Cap Stk Tr Prin Current Funds$57,900$63,500▲ $5,600
Prepaid Expenses and Deferred Charges$7,519$5,476▼ $2,043
Total Assets$2,982,223$3,087,926▲ $105,703
Other Assets Total$1,574$1,574→ $0
Liabilities
Accounts Payable and Accrued Expenses$197,065$165,241▼ $31,824
Total Liabilities$197,065$165,241▼ $31,824
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,785,158$2,922,685▲ $137,527
Total Liabilities and Net Assets / Fund Balance$2,982,223$3,087,926▲ $105,703

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,118,466$1,492,978$2,611,444
Buildings$49,490$89,891$139,381
Land$3,692-$3,692
Compensation and Service Providers
Top Officer Pay68th percentile

Board Members and Trustees

NameTitle
Kathy WilsonDirector
Kevin SenkevechDirector
Wesley KillianPres&directo
Robert PalmerS/t & Direct
Rita ScottV/p & Direct
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,217,032
Investment Income
$8,739
Other Revenue
$0
Change in Net Assets
$55,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$872,444
Salaries, Compensation, and Employee Benefits$298,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,242--$248,242
Depreciation Depletion$96,021--$96,021
Office Expenses$31,296--$31,296
Other Employee Benefits$23,111--$23,111
Payroll Taxes$18,944--$18,944
Pension Plan Contributions$8,026--$8,026
Other Expenses$2,040--$2,040
Total Functional Expenses$1,170,767$0$0$1,170,767
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes
Conflict-of-interest policy
No
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

“Memberships are sold to persons owning property or persons residing in the water corporation's service area. Each member is entitled to purchase potable water from the water supply corporation. There is only one class of stock which is membership and no dividends are permitted.”

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

“A complete copy of form 990 is provided to each board member. Review and discussion of form 990 is placed on the agenda of the next regular monthly board meeting. Each board meeting is open to the public and public notice of each board meeting is made in accordance with texas state law.”

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

“The board of directors determines the compensation of all employees annually. The board is elected by the membership and serves without compensation.”

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

“The board of directors determines the compensation of all employees annually. The board is elected by the membership and serves without compensation.”

Form 990, Page 6, Part VI, Line 19

“In accordance with state law all governing documents are available for public inspection during normal business hours and days.”

Filing and Contact Details

Filer

Filer Name
Poetry Water Supply Corporation
EIN
75-1536223
Phone
9725637471
Address
PO BOX 392, TERRELL, TX 75160

Signing Officer

Name
Wesley Killian
Title
Pres&director
Phone
9725637471
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Keys
Formed
1966
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Michael W Bedford CPA
Address
205 W HIGH ST, TERRELL, TX 75160-2612
Preparer
Michael W Bedford CPA
Phone
9725637671
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Membership fees - net 1,300 paid in capital 81,223 total 82,523”

Raw XML Appendix303 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/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0197065
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0165241
IRS990/AccountsReceivableGrp/BOYAmt075102
IRS990/AccountsReceivableGrp/EOYAmt072907
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0FURNISHING TREATED WATER TO MEMBERS - WATER.
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0PHILIP KEYS
IRS990/BooksInCareOfDetail/PhoneNum09725637471
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt016970 FM 986
IRS990/BooksInCareOfDetail/USAddress/CityNm0TERRELL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075160
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt057900
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt063500
IRS990/CashNonInterestBearingGrp/BOYAmt0403343
IRS990/CashNonInterestBearingGrp/EOYAmt0399449
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08739
IRS990/CYOtherExpensesAmt0872444
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt01217032
IRS990/CYRevenuesLessExpensesAmt055004
IRS990/CYSalariesCompEmpBnftPaidAmt0298323
IRS990/CYTotalExpensesAmt01170767
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01225771
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt096021
IRS990/DepreciationDepletionGrp/TotalAmt096021
IRS990/Desc0FURNISHING TREATED WATER TO MEMBERS RESIDING IN THE SERVICE AREA.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt01170767
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
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/PersonNm0WESLEY KILLIAN
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT PALMER
IRS990/Form990PartVIISectionAGrp/PersonNm2KEVIN SENKEVECH
IRS990/Form990PartVIISectionAGrp/PersonNm3RITA SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm4KATHY WILSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRES&DIRECTO
IRS990/Form990PartVIISectionAGrp/TitleTxt1S/T & DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3V/P & DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01966
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01225771
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InventoriesForSaleOrUseGrp/BOYAmt062533
IRS990/InventoriesForSaleOrUseGrp/EOYAmt070131
IRS990/InvestmentIncomeGrp/ExclusionAmt08739
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08739
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01582869
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01267670
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01365668
IRS990/LandBldgEquipCostOrOtherBssAmt02948537
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt01217032
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FURNISHING TREATED WATER TO MEMBERS - WATER.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02785158
IRS990/NetAssetsOrFundBalancesEOYAmt02922685
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt031296
IRS990/OfficeExpensesGrp/TotalAmt031296
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01574
IRS990/OtherAssetsTotalGrp/EOYAmt01574
IRS990/OtherChangesInNetAssetsAmt082523
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023111
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023111
IRS990/OtherExpensesGrp/Desc0WATER PURCHASES & COSTS
IRS990/OtherExpensesGrp/Desc1GENERAL & ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2FIELD EXPENSES
IRS990/OtherExpensesGrp/Desc3EMPLOYEE OTHER COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt0671405
IRS990/OtherExpensesGrp/ProgramServicesAmt141362
IRS990/OtherExpensesGrp/ProgramServicesAmt230320
IRS990/OtherExpensesGrp/ProgramServicesAmt32040
IRS990/OtherExpensesGrp/TotalAmt0671405
IRS990/OtherExpensesGrp/TotalAmt141362
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IRS990/OtherExpensesGrp/TotalAmt32040
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0248242
IRS990/OtherSalariesAndWagesGrp/TotalAmt0248242
IRS990/OtherSourcesGrossIncomeAmt08739
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt018944
IRS990/PayrollTaxesGrp/TotalAmt018944
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01031614
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01108125
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08026
IRS990/PensionPlanContributionsGrp/TotalAmt08026
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07519
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05476
IRS990/PrincipalOfficerNm0PHILIP KEYS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0WATER & RELATED REVENUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01217032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01217032
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt05575
IRS990/PYOtherExpensesAmt0804152
IRS990/PYProgramServiceRevenueAmt01030433
IRS990/PYRevenuesLessExpensesAmt0-51696
IRS990/PYSalariesCompEmpBnftPaidAmt0283552
IRS990/PYTotalExpensesAmt01087704
IRS990/PYTotalRevenueAmt01036008
IRS990/ReconcilationRevenueExpnssAmt055004
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01695644
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01751060
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01164482
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01172721
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt049490
IRS990ScheduleD/BuildingsGrp/DepreciationAmt089891
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0139381
IRS990ScheduleD/LandGrp/BookValueAmt03692
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03692
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01118466
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01492978
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02611444
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01171648
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIPS ARE SOLD TO PERSONS OWNING PROPERTY OR PERSONS RESIDING IN THE WATER CORPORATION'S SERVICE AREA. EACH MEMBER IS ENTITLED TO PURCHASE POTABLE WATER FROM THE WATER SUPPLY CORPORATION. THERE IS ONLY ONE CLASS OF STOCK WHICH IS MEMBERSHIP AND NO DIVIDENDS ARE PERMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER. REVIEW AND DISCUSSION OF FORM 990 IS PLACED ON THE AGENDA OF THE NEXT REGULAR MONTHLY BOARD MEETING. EACH BOARD MEETING IS OPEN TO THE PUBLIC AND PUBLIC NOTICE OF EACH BOARD MEETING IS MADE IN ACCORDANCE WITH TEXAS STATE LAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF ALL EMPLOYEES ANNUALLY. THE BOARD IS ELECTED BY THE MEMBERSHIP AND SERVES WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF ALL EMPLOYEES ANNUALLY. THE BOARD IS ELECTED BY THE MEMBERSHIP AND SERVES WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN ACCORDANCE WITH STATE LAW ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION DURING NORMAL BUSINESS HOURS AND DAYS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERSHIP FEES - NET 1,300 PAID IN CAPITAL 81,223 TOTAL 82,523
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
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
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02982223
IRS990/TotalAssetsEOYAmt03087926
IRS990/TotalAssetsGrp/BOYAmt02982223
IRS990/TotalAssetsGrp/EOYAmt03087926
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01170767
IRS990/TotalFunctionalExpensesGrp/TotalAmt01170767
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0197065
IRS990/TotalLiabilitiesEOYAmt0165241
IRS990/TotalLiabilitiesGrp/BOYAmt0197065
IRS990/TotalLiabilitiesGrp/EOYAmt0165241
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02785158
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02922685
IRS990/TotalProgramServiceExpensesAmt01170767
IRS990/TotalProgramServiceRevenueAmt01217032
IRS990/TotalRevenueGrp/ExclusionAmt08739
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01217032
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01225771
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02982223
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03087926
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016970 FM 986
IRS990/USAddress/CityNm0TERRELL
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075160
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.POETRYWSC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WESLEY KILLIAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRES&DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09725637471
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POETRY WATER SUPPLY CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0POET
ReturnHeader/Filer/EIN0751536223
ReturnHeader/Filer/PhoneNum09725637471
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 392
ReturnHeader/Filer/USAddress/CityNm0TERRELL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075160
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0751508990
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAEL W BEDFORD CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0205 W HIGH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TERRELL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0751602612
ReturnHeader/PreparerPersonGrp/PhoneNum09725637671
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL W BEDFORD CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-15T20:57:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WESLEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KILLIAN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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