Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 75-1986004

CORBET WATER SUPPLY CORPORATION

Tax-exempt · CORSICANA, TX 75110

Financials

$1.3M$1.3M2023$2M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of CORBET WATER SUPPLY CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,964,527$1,480,640$483,887$2,233,736$746,468$1,487,268
December 31, 2023990$1,327,300$1,275,735$51,565$1,131,287$127,906$1,003,381
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,957,446
Investment income
$7,081
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$82,669
Other salaries and wages
$317,861
Salaries, compensation and benefits (total)
$432,092
Professional fundraising fees
$0
Legal fees
$17,009
Accounting fees
$18,903
Occupancy
$56,910
Travel
$2,423
Depreciation
$108,934
Program services (functional)
$1,480,640

Balance sheet and other

Total assets, start of year
$1,131,287
Total assets, end of year
$2,233,736
Total liabilities, end of year
$746,468
Net assets, end of year
$1,487,268
Land, buildings and equipment
$723,457
Gross receipts
$1,964,527
Employees
11
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAVID WEINKAUFMANAGER40$82,669
DE RENDA PHILLIPSTreasurer
Trustee or director
2$0
WALLY PAWLOWSKIBOARD MEMBER
Trustee or director
10$0
GEORGE SATSKYBOARD MEMBER
Trustee or director
2$0
DAVID MATTHEWSBOARD MEMBER
Trustee or director
2$0
VIRGINIA REEDVice President
Trustee or director
2$0
ORAN HOWELLPresident
Trustee or director
2$0
JONATHAN CALAMEBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
DAVID WEINKAUFMANAGER40$71,613
DE RENDA PHILLIPSBOARD MEMBER
Trustee or director
2$0
WALLY PAWLOWSKIPresident
Trustee or director
10$0
GEORGE SATSKYBOARD MEMBER
Trustee or director
2$0
DAVID MATTHEWSBOARD MEMBER
Trustee or director
2$0
VIRGINIA REEDBOARD MEMBER
Trustee or director
2$0
ORAN HOWELLBOARD MEMEBER
Trustee or director
2$0
JONATHAN CALAMEBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1724 FM 2452, CORSICANA, TX 75110-0436
Signed the 990
ORAN HOWELL, President
Phone
(903) 874-4821
Return prepared by
Blackwell & Presley CPAs PLLC

Mission

TO PROVIDE WATER SERVICE TO RURAL COMMUNITIES

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED WATER TO RURAL COMMUNITIES
    Expenses $1,480,640 · revenue $1,957,446

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-1986004
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,233,736
Income (IRS master file)
$1,964,527

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,964,527$1,480,640$2,233,736XML
990December 2023$1,327,300$1,275,735$1,131,287XML
990December 2022$1,499,605$1,236,587$1,075,064IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 75-1986004).

Questions about CORBET WATER SUPPLY CORPORATION

What is the EIN of CORBET WATER SUPPLY CORPORATION?
The employer identification number (EIN) of CORBET WATER SUPPLY CORPORATION is 75-1986004.
Is CORBET WATER SUPPLY CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1996.
Are donations to CORBET WATER SUPPLY CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CORBET 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 CORBET WATER SUPPLY CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CORBET WATER SUPPLY CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of CORBET WATER SUPPLY CORPORATION?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $82,669 (DAVID WEINKAUF, MANAGER).
How much revenue does CORBET WATER SUPPLY CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,964,527, expenses of $1,480,640 and total assets of $2,233,736 at year end.

Other nonprofits in CORSICANA

All nonprofits in CORSICANA · Texas