Nonprofit · EIN 74-1603363
SPRING VALLEY WATER SUPPLY
Tax-exempt · WACO, TX 76702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,833,409 | $925,641 | $907,768 | $6,091,230 | $1,358,855 | $4,732,375 |
| December 31, 2024 | 990 | $1,134,236 | $974,273 | $159,963 | $5,972,323 | $2,146,616 | $3,825,707 |
| December 31, 2023 | 990 | $1,332,788 | $791,893 | $540,895 | $5,167,061 | $1,501,017 | $3,666,044 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $665,825
- Program service revenue
- $1,096,560
- Investment income
- $70,684
- Other revenue
- $340
Expenses
- Grants and similar amounts paid
- $3,050
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $594
- Accounting fees
- $14,900
- Occupancy
- $75,162
- Travel
- $328
- Depreciation
- $175,972
Balance sheet and other
- Total assets, start of year
- $5,972,323
- Total assets, end of year
- $6,091,230
- Total liabilities, end of year
- $1,358,855
- Net assets, end of year
- $4,732,375
- Land, buildings and equipment
- $4,933,742
- Net assets without donor restrictions
- $4,728,618
- Net assets with donor restrictions
- $3,757
- Gross receipts
- $1,833,409
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1964
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY HOBBS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ZANDY GOODE | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| BERT HERNANDEZ | SECRETARY Trustee or director, Officer | 1 | $0 |
| DARRELL BLEDSOE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MORRISON | DIRECTOR Trustee or director | 1 | $0 |
| GERALD THEUT | DIRECTOR Trustee or director | 1 | $0 |
| KYLE GRIGSBY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY HOBBS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ZANDY GOODE | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| BERT HERNANDEZ | SECRETARY Trustee or director, Officer | 1 | $0 |
| DARRELL BLEDSOE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MORRISON | DIRECTOR Trustee or director | 1 | $0 |
| GERALD THEUT | DIRECTOR Trustee or director | 1 | $0 |
| KYLE GRIGSBY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY HOBBS | PRESIDENT Trustee or director, Officer | 5 | $0 |
| ZANDY GOODE | VICE PRESIDENT Trustee or director, Officer | 3 | $0 |
| BERT HERNANDEZ | SECRETARY Trustee or director, Officer | 1 | $0 |
| DARRELL BLEDSOE | DIRECTOR Trustee or director | 1 | $0 |
| DAVID MORRISON | DIRECTOR Trustee or director | 1 | $0 |
| GERALD THEUT | DIRECTOR Trustee or director | 1 | $0 |
| KYLE GRIGSBY | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20246, WACO, TX 76702-0246
- Principal officer (990 for 2025)
- LARRY HOBBS, PO BOX 20246, WACO, TX 76702
- Signed the 990
- LARRY HOBBS, PRESIDENT
- Phone
- (254) 300-5757
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
PROVISION OF WATER SERVICE TO RURAL CUSTOMERS NEAR LORENA, TX
Program accomplishments
- DELIVERY OF WATER SERVICE TO RURAL RESIDENCES AND BUSINESS CUSTOMERS NEAR LORENA, TX. THE ORGANIZATION SERVICES APPROXIMATELY 912 CONNECTIONS AND PROVIDES AN AVERAGE OF 9,332,500 GALLONS OF MONTHLY WATER USAGE FOR AN ANNUAL TOTAL OF 111,990,000 GALLONS. THE SYSTEM OPERATES UNDER THE OVERSIGHT OF THE TEXAS COMMISSION ON ENVIRONMENTAL QUALITY, MEETING AND EXCEEDING REQUIRED STANDARDS FOR WATER QUALITY.Expenses $922,591 · revenue $1,096,560
- THE ORGANIZATION AWARDED THREE SCHOLARSHIPS TOTALING $3,050 DURING 2025 TO STUDENTS WHOSE PARENT/GUARDIAN IS A MEMBER OF THE SPRING VALLEY WATER SUPPLY CORPORATION.Expenses $3,050
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1603363
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,091,230
- Income (IRS master file)
- $1,833,409
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,833,409 | $925,641 | $6,091,230 | IRS |
| 990 | December 2024 | $1,134,236 | $974,273 | $5,972,323 | IRS |
| 990 | December 2023 | $1,332,788 | $791,893 | $5,167,061 | XML |
| 990 | December 2022 | $1,040,955 | $836,824 | $5,488,603 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1603363).
Questions about SPRING VALLEY WATER SUPPLY
- What is the EIN of SPRING VALLEY WATER SUPPLY?
- The employer identification number (EIN) of SPRING VALLEY WATER SUPPLY is 74-1603363.
- Is SPRING VALLEY WATER SUPPLY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1974.
- Are donations to SPRING VALLEY WATER SUPPLY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPRING VALLEY WATER SUPPLY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPRING VALLEY WATER SUPPLY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPRING VALLEY WATER SUPPLY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SPRING VALLEY WATER SUPPLY?
- The 990 for the year ended December 31, 2025 names LARRY HOBBS.
- Who are the officers and directors of SPRING VALLEY WATER SUPPLY?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does SPRING VALLEY WATER SUPPLY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,833,409, expenses of $925,641 and total assets of $6,091,230 at year end.
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