Nonprofit · EIN 75-1367969
PAYNE SPRINGS WATER SUPPLY CORPORATION
Tax-exempt · MABANK, TX 75156
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $593,487 | $418,343 | $175,144 | $2,190,493 | $843,897 | $1,346,596 |
| December 31, 2024 | 990 | $588,261 | $393,250 | $195,011 | $2,052,411 | $880,959 | $1,171,452 |
| December 31, 2023 | 990 | $541,224 | $357,019 | $184,205 | $1,894,362 | $917,921 | $976,441 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $593,406
- Investment income
- $81
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $137,088
- Salaries, compensation and benefits (total)
- $148,587
- Professional fundraising fees
- $0
- Legal fees
- $17,500
- Occupancy
- $23,508
- Depreciation
- $57,600
- Program services (functional)
- $418,343
Balance sheet and other
- Total assets, start of year
- $2,052,411
- Total assets, end of year
- $2,190,493
- Total liabilities, end of year
- $843,897
- Net assets, end of year
- $1,346,596
- Land, buildings and equipment
- $1,410,266
- Gross receipts
- $593,487
- Employees
- 5
- Year formed
- 1970
- 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 |
|---|---|---|---|
| ROLAND CARSON | DIRECTOR Trustee or director | – | $0 |
| CARL POWELL | PRESIDENT Trustee or director, Officer | – | $0 |
| DAN REYNOLDS | DIRECTOR Trustee or director | – | $0 |
| HARRY RIDDLE | VICE PRESIDE Trustee or director, Officer | – | $0 |
| ROD WHIDDON | SECRETARY/TR Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROLAND CARSON | DIRECTOR Trustee or director | – | $0 |
| CARL POWELL | PRESIDENT Trustee or director, Officer | – | $0 |
| DAN REYNOLDS | DIRECTOR Trustee or director | – | $0 |
| HARRY RIDDLE | VICE PRESIDE Trustee or director, Officer | – | $0 |
| ROD WHIDDON | SECRETARY/TR Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROLAND CARSON | DIRECTOR Trustee or director | – | $0 |
| CARL POWELL | PRESIDENT Trustee or director, Officer | – | $0 |
| DAN REYNOLDS | DIRECTOR Trustee or director | – | $0 |
| HARRY RIDDLE | VICE PRESIDE Trustee or director, Officer | – | $0 |
| ROD WHIDDON | SECRETARY/TR Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 9690 STATE HIGHWAY 198, MABANK, TX 75156-6435
- In care of
- % PAYNE SPRINGS WATER SUPPLY CORP
- Principal officer (990 for 2025)
- CARL POWELL, 9690 STATE HWY 198, MABANK, TX 75156
- Signed the 990
- ROD WHIDDON, SECRETARY/TREASURER
- Phone
- (903) 451-5300
- Return prepared by
- PARKER & RICHARDSON PC
Mission
THE ORGANIZATION PROVIDES WATER TO RURAL RESIDENTS OF THE PAYNE SPRINGS COMMUNITY.
Program accomplishments
- TO PROVIDE WATER TO RURAL RESIDENTS OF THE PAYNE SPRINGS COMMUNITY.
- TO PROVIDE RURAL WATER SERVICES TO THE RESIDENTS OF THE PAYNE SPRINGS COMMINUTY.
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
- 75-1367969
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,190,493
- Income (IRS master file)
- $593,487
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $593,487 | $418,343 | $2,190,493 | XML |
| 990 | December 2024 | $588,261 | $393,250 | $2,052,411 | XML |
| 990 | December 2023 | $541,224 | $357,019 | $1,894,362 | XML |
| 990 | December 2022 | – | – | – | 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 75-1367969).
Questions about PAYNE SPRINGS WATER SUPPLY CORPORATION
- What is the EIN of PAYNE SPRINGS WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of PAYNE SPRINGS WATER SUPPLY CORPORATION is 75-1367969.
- Is PAYNE SPRINGS WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1972.
- Are donations to PAYNE SPRINGS WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PAYNE SPRINGS WATER SUPPLY CORPORATION 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 PAYNE SPRINGS WATER SUPPLY CORPORATION 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 PAYNE SPRINGS WATER SUPPLY CORPORATION 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 PAYNE SPRINGS WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2025 names CARL POWELL.
- Who are the officers and directors of PAYNE SPRINGS WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PAYNE SPRINGS WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $593,487, expenses of $418,343 and total assets of $2,190,493 at year end.
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