Nonprofit · EIN 75-6021650
POTOSI WATER SUPPLY CORPORATION
Tax-exempt · ABILENE, TX 79602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,535,516 | $1,223,163 | $1,312,353 | $12,529,361 | $265,565 | $12,263,796 |
| December 31, 2024 | 990 | $2,351,110 | $1,372,317 | $978,793 | $11,320,766 | $372,773 | $10,947,993 |
| December 31, 2023 | 990 | $2,097,085 | $1,013,766 | $1,083,319 | $11,171,244 | $1,207,294 | $9,963,950 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $56,542
- Net income from sales of inventory
- $2,249,313
- Other revenue
- $2,478,974
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $192,244
- Salaries, compensation and benefits (total)
- $231,217
- Professional fundraising fees
- $0
- Accounting fees
- $9,750
- Depreciation
- $630,313
- Program services (functional)
- $1,223,163
Balance sheet and other
- Total assets, start of year
- $11,320,766
- Total assets, end of year
- $12,529,361
- Total liabilities, end of year
- $265,565
- Net assets, end of year
- $12,263,796
- Land, buildings and equipment
- $7,748,786
- Net assets without donor restrictions
- $12,263,796
- Gross receipts
- $4,119,172
- Employees
- 5
- 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 |
|---|---|---|---|
| Ken Hogan | Secretary Trustee or director, Officer | 1 | $0 |
| Rebecca Allison | Director Trustee or director | 1 | $0 |
| James Asbill | Director Trustee or director | 1 | $0 |
| Russell Parramore | Director Trustee or director | 1 | $0 |
| Mike Collier | Director Trustee or director | 1 | $0 |
| LaRhea West | Director Trustee or director | 1 | $0 |
| Terry Monroe | President Trustee or director, Officer | 1 | $0 |
| Rick Young | Vice President Trustee or director, Officer | 1 | $0 |
| Cody Dikes | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ken Hogan | Secretary Trustee or director, Officer | 1 | $0 |
| Rebecca Allison | Director Trustee or director | 1 | $0 |
| James Asbill | Director Trustee or director | 1 | $0 |
| Cody Jennings | Director Trustee or director | 1 | $0 |
| Mike Collier | Director Trustee or director | 1 | $0 |
| LaRhea West | Director Trustee or director | 1 | $0 |
| Terry Monroe | President Trustee or director, Officer | 1 | $0 |
| Rick Young | Vice President Trustee or director, Officer | 1 | $0 |
| Cody Dikes | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ken Hogan | Secretary Trustee or director, Officer | 1 | $0 |
| Rebecca Allison | Director Trustee or director | 1 | $0 |
| James Asbill | Director Trustee or director | 1 | $0 |
| Chris Jennings | Director Trustee or director | 1 | $0 |
| Mike Collier | Director Trustee or director | 1 | $0 |
| LaRhea West | Director Trustee or director | 1 | $0 |
| Terry Monroe | President Trustee or director, Officer | 1 | $0 |
| Rick Young | Vice President Trustee or director, Officer | 1 | $0 |
| Cody Dikes | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 734 FM 1750, ABILENE, TX 79602-7712
- Signed the 990
- Terry Monroe, President
- Phone
- (325) 529-3269
- Website
- www.potosiwater.com
- Return prepared by
- MERRITT MCLANE & HAMBY PC
Mission
Provide treated water to about 2,350 rural members.
Program accomplishments
- Provide potable water to about 2,350 members in the unincorporated community of Potosi, Texas.Expenses $1,223,163
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
- 75-6021650
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $12,529,361
- Income (IRS master file)
- $4,119,172
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,535,516 | $1,223,163 | $12,529,361 | XML |
| 990 | December 2024 | $2,351,110 | $1,372,317 | $11,320,766 | IRS |
| 990 | December 2023 | $2,097,085 | $1,013,766 | $11,171,244 | XML |
| 990 | December 2022 | $1,785,608 | $1,060,383 | $10,018,307 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-6021650).
Questions about POTOSI WATER SUPPLY CORPORATION
- What is the EIN of POTOSI WATER SUPPLY CORPORATION?
- The employer identification number (EIN) of POTOSI WATER SUPPLY CORPORATION is 75-6021650.
- Is POTOSI WATER SUPPLY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1966.
- Are donations to POTOSI WATER SUPPLY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POTOSI 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 POTOSI 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 POTOSI 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 are the officers and directors of POTOSI WATER SUPPLY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does POTOSI WATER SUPPLY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,535,516, expenses of $1,223,163 and total assets of $12,529,361 at year end.
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