Civic Intelligence

Study Butte Water Supply Corporation Inc

990 • Fiscal year 2021 • EIN 75-2348406

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

P O Box 148Terlingua, TX 79852

(432) 371-2933

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.17x

Higher debt load relative to assets than 43% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

0.92x

Higher debt load relative to revenue than 50% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Net Margin

20th percentile

-7.1%

Higher net margin than 20% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

2021 filings • 501(c)12 • $1M-$5M nonprofits • Source year 2021

Asset Growth

22nd percentile

-2.5%

Faster asset growth than 22% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

55th percentile

4.5%

Faster revenue growth than 55% of similar nonprofits.

2021 filings • 501(c)12 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$2,933,250

Down $76,425 (-2.5%) from 2020

Net Assets

Down

$2,419,965

Down $39,338 (-1.6%) from 2020

Liabilities

Down

$513,285

Down $37,087 (-6.7%) from 2020

Revenue

Up

$556,537

Up $24,196 (+4.5%) from 2020

Expenses

Up

$595,875

Up $4,736 (+0.8%) from 2020

Net Income

Up

-$39,338

Up $19,460 (+33%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,182,295Liabilities 2011: $243,728Net Assets 2011: $1,938,5672011Assets 2012: $2,507,720Liabilities 2012: $239,955Net Assets 2012: $2,267,7652012Assets 2013: $2,511,262Liabilities 2013: $228,584Net Assets 2013: $2,282,6782013Assets 2014: $2,330,275Liabilities 2014: $299,844Net Assets 2014: $2,030,4312014Assets 2015: $2,036,670Liabilities 2015: $346,651Net Assets 2015: $1,690,0192015Assets 2016: $1,803,457Liabilities 2016: $309,064Net Assets 2016: $1,494,3932016Assets 2017: $2,526,829Liabilities 2017: $478,981Net Assets 2017: $2,047,8482017Assets 2018: $2,753,778Liabilities 2018: $293,366Net Assets 2018: $2,460,4122018Assets 2019: $3,101,691Liabilities 2019: $583,590Net Assets 2019: $2,518,1012019Assets 2020: $3,009,675Liabilities 2020: $550,372Net Assets 2020: $2,459,3032020Assets 2021: $2,933,250Liabilities 2021: $513,285Net Assets 2021: $2,419,9652021Assets 2022: $2,891,787Liabilities 2022: $504,806Net Assets 2022: $2,386,9812022Assets 2023: $2,878,964Liabilities 2023: $339,046Net Assets 2023: $2,539,9182023Assets 2024: $2,779,199Liabilities 2024: $301,543Net Assets 2024: $2,477,6562024

Highlighted filing

2021

Assets$2,933,250
Liabilities$513,285
Net Assets$2,419,965

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $419,103Expenses 2011: $351,738Net Income 2011: $67,3652011Revenue 2012: $732,342Expenses 2012: $403,143Net Income 2012: $329,1992012Expenses 2013: $437,8562013Revenue 2014: $315,793Expenses 2014: $524,974Net Income 2014: -$209,1812014Revenue 2015: $174,485Expenses 2015: $514,897Net Income 2015: -$340,4122015Revenue 2016: $332,780Expenses 2016: $528,406Net Income 2016: -$195,6262016Revenue 2017: $1,078,889Expenses 2017: $572,490Net Income 2017: $506,3992017Revenue 2018: $935,142Expenses 2018: $522,578Net Income 2018: $412,5642018Revenue 2019: $615,945Expenses 2019: $558,256Net Income 2019: $57,6892019Revenue 2020: $532,341Expenses 2020: $591,139Net Income 2020: -$58,7982020Revenue 2021: $556,537Expenses 2021: $595,875Net Income 2021: -$39,3382021Revenue 2022: $576,385Expenses 2022: $609,369Net Income 2022: -$32,9842022Revenue 2023: $813,380Expenses 2023: $660,443Net Income 2023: $152,9372023Revenue 2024: $545,841Expenses 2024: $718,119Net Income 2024: -$172,2782024

Highlighted filing

2021

Revenue$556,537
Expenses$595,875
Net Income-$39,338
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$568,172
Mission and Program Overview

Mission

The corporation was formed for the purpose of furnishing water services for domestic purposes to individuals residing in study butte and terlingua, texas.funding for this project is being provided by the united states department of agriculture - rural utilities service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,412,256$2,255,286▼ $156,970
Cash and Non-Interest-Bearing Accounts$443,224$537,956▲ $94,732
Savings and Temporary Cash Investments$89,728$95,746▲ $6,018
Accounts Receivable$23,250$3,062▼ $20,188
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,009,675$2,933,250▼ $76,425
Other Assets Total$41,217$41,200▼ $17
Liabilities
Other Liabilities$334,683$335,011▲ $328
Mortgage Notes Payable Secured by Investment Property$206,681$175,481▼ $31,200
Accounts Payable and Accrued Expenses$9,008$2,793▼ $6,215
Total Liabilities$550,372$513,285▼ $37,087
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,459,303$2,419,965▼ $39,338
Total Net Assets Fund Balance$2,459,303$2,419,965▼ $39,338
Total Liabilities and Net Assets / Fund Balance$3,009,675$2,933,250▼ $76,425

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,136,861$2,881,020$5,017,881
Other Land Buildings$44,353$81,686$126,039
Buildings$56,839$63,637$120,476
Leasehold Improvements$7,389$47,542$54,931
Land$9,844-$9,844
Compensation and Service Providers

Board Members and Trustees

NameTitle
John HolroydPresident
Lico MillerVice President
Leon SmithDirector
William GillesDirector
Alisa De La CruzOffice Manager
Jorge L GarciaOperator
Greg HeningtonSecretary-Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$3,982
Program Service Revenue
$564,163
Investment Income
$-11,608
Other Revenue
$0
Change in Net Assets
$-39,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$396,972
Salaries, Compensation, and Employee Benefits$198,903
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$140,775$40,083-$180,858
Depreciation Depletion$176,465$3,048-$179,513
Insurance$32,737$4,892-$37,629
All Other Expenses$21,341$2,701-$24,042
Fees for Services Other$4,400$14,183-$18,583
Payroll Taxes$14,075$3,970-$18,045
Fees for Services Accounting$3,080$10,900-$13,980
Interest-$7,741-$7,741
Other Expenses$6,560$6,173-$6,560
Office Expenses$624$4,576-$5,200
Advertising$1,166--$1,166
Travel-$370-$370
Total Functional Expenses$497,238$98,637$0$595,875
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Revenue - Twdb$258,800
Refundable Memberships$67,460
Accrued Payroll Taxes$5,215
Credit Card$2,907
Unearned Revenue$629
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Study Butte Water Supply
EIN
75-2348406
Phone
4323712933
Address
P O BOX 148, TERLINGUA, TX 79852

Signing Officer

Name
Greg Henington
Title
Secretary-treasurer
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
5
Independent Board Members
0
Employees
8

Preparer

Firm
Daniela C Lara CPA PC
Address
1701 W Highway 90, Alpine, TX 79830
Preparer
Daniela C Lara CPA
Phone
4328375861
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1: Change of Accounting Method

Organization changed accounting method from accrual to hybrid method.

Raw XML Appendix393 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.

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IRS990/ProgramServiceRevenueGrp/Desc0LATE FEES RECEIVED
IRS990/ProgramServiceRevenueGrp/Desc1OTHER
IRS990/ProgramServiceRevenueGrp/Desc2WATER SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06319
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119065
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2538779
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06319
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2538779
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt018200
IRS990/PYInvestmentIncomeAmt05335
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0407393
IRS990/PYProgramServiceRevenueAmt0508806
IRS990/PYRevenuesLessExpensesAmt0-58798
IRS990/PYSalariesCompEmpBnftPaidAmt0183746
IRS990/PYTotalExpensesAmt0591139
IRS990/PYTotalRevenueAmt0532341
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-39338
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt089728
IRS990/SavingsAndTempCashInvstGrp/EOYAmt095746
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt056839
IRS990ScheduleD/BuildingsGrp/DepreciationAmt063637
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0120476
IRS990ScheduleD/EquipmentGrp/BookValueAmt02136861
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02881020
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05017881
IRS990ScheduleD/LandGrp/BookValueAmt09844
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09844
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07389
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt047542
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt054931
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt044353
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt081686
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0126039
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05215
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2258800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt367460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4629
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CREDIT CARD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED REVENUE - TWDB
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3REFUNDABLE MEMBERSHIPS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4UNEARNED REVENUE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02255286
IRS990ScheduleD/TotalLiabilityAmt0335011
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization changed accounting method from accrual to hybrid method.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XII, Line 1: Change of Accounting Method
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03009675
IRS990/TotalAssetsEOYAmt02933250
IRS990/TotalAssetsGrp/BOYAmt03009675
IRS990/TotalAssetsGrp/EOYAmt02933250
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt03982
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098637
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0497238
IRS990/TotalFunctionalExpensesGrp/TotalAmt0595875
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0550372
IRS990/TotalLiabilitiesEOYAmt0513285
IRS990/TotalLiabilitiesGrp/BOYAmt0550372
IRS990/TotalLiabilitiesGrp/EOYAmt0513285
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02459303
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02419965
IRS990/TotalProgramServiceRevenueAmt0564163
IRS990/TotalRevenueGrp/ExclusionAmt027
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0552528
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0556537
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03009675
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02933250
IRS990/TravelGrp/ManagementAndGeneralAmt0370
IRS990/TravelGrp/TotalAmt0370
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt0P O BOX 148
IRS990/USAddress/CityNm0TERLINGUA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079852
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GREG HENINGTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY-TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STUDY BUTTE WATER SUPPLY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0STUD
ReturnHeader/Filer/EIN0752348406
ReturnHeader/Filer/PhoneNum04323712933
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 148
ReturnHeader/Filer/USAddress/CityNm0TERLINGUA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079852
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465184750
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Daniela C Lara CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01701 W Highway 90
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Alpine
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079830
ReturnHeader/PreparerPersonGrp/PhoneNum04328375861
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Daniela C Lara CPA
ReturnHeader/ReturnTs02022-11-15T13:36:03-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GREG
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HENINGTON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.30$2.48$0.55$0.72$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.88$0.34$2.54$0.81$0.66$0.15
2022Detailed filing. Detailed filing data is available for this year.$2.89$0.50$2.39$0.58$0.61$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.93$0.51$2.42$0.56$0.60$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.01$0.55$2.46$0.53$0.59$0.06
2019Detailed filing. Detailed filing data is available for this year.$3.10$0.58$2.52$0.62$0.56$0.06
2018Detailed filing. Detailed filing data is available for this year.$2.75$0.29$2.46$0.94$0.52$0.41
2017Detailed filing. Detailed filing data is available for this year.$2.53$0.48$2.05$1.08$0.57$0.51
2016Detailed filing. Detailed filing data is available for this year.$1.80$0.31$1.49$0.33$0.53$0.20
2015Detailed filing. Detailed filing data is available for this year.$2.04$0.35$1.69$0.17$0.51$0.34
2014Detailed filing. Detailed filing data is available for this year.$2.33$0.30$2.03$0.32$0.52$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.23$2.28$0.44
2012Summary only. Only limited summary data is available for this year.$2.51$0.24$2.27$0.73$0.40$0.33
2011Summary only. Only limited summary data is available for this year.$2.18$0.24$1.94$0.42$0.35$0.07