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Falls Water Supply Corporation

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Category: Mutual/Membership Benefit Organizations, Other / Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$50.2k (2023)

Expenses
$26.8k (2023)

Total Assets
$168k (2023)

Total Liabilities
$40.8k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$50,223
Expenses
$26,753
Net Income
$23,470
Net Assets
$127,105
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,200
4.4%
Program Services $0
Investment Income $116
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $167,942
Total Liabilities $40,837
Net Assets $127,105
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Bob Reeves (President) $0 $0
Paul Ahrens (Vice Preside) $0 $0
Arneda Reeves (Secretary) $0 $0
Leslie Shashack (Treasurer) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$65,370
Expenses
$55,707
Net Income
$9,663
Net Assets
$103,630
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,881
24.3%
Program Services $0
Investment Income $23
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $156,028
Total Liabilities $52,398
Net Assets $103,630
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Bob Reeves (President) $0 $0
Paul Ahrens (Vice Preside) $0 $0
Arneda Reeves (Secretary) $0 $0
Leslie Shashack (Treasurer) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$55,684
Expenses
$44,777
Net Income
$10,907
Net Assets
$103,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $106,911
Total Liabilities $3,860
Net Assets $103,051
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Bob Reeves (President) $0 $0
Paul Ahrens (Vice Preside) $0 $0
Arneda Reeves (Secretary) $0 $0
Leslie Shashack (Treasurer) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$44,843
Expenses
$45,479
Net Income
-$636
Net Assets
$92,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $96,094
Total Liabilities $3,950
Net Assets $92,144
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Paul Ahrens (Vice Preside) $5,100 $0
Marlin L Shandley (President) $0 $0
Arneda Reeves (Secretary) $0 $0
Leslie Shashack (Treasurer) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$40,897
Expenses
$28,563
Net Income
$12,334
Net Assets
$92,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $96,488
Total Liabilities $3,830
Net Assets $92,658
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Paul Ahrens (Vice Preside) $5,100 $0
Lane Shandley (President) $0 $0
Arneda Reeves (Secretary) $0 $0
Leslie Shashack (Director) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$41,069
Expenses
$28,590
Net Income
$12,479
Net Assets
$79,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $83,100
Total Liabilities $3,435
Net Assets $79,665
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Paul Ahrens (Vice Preside) $5,100 $0
Lane Shandley (President) $0 $0
Arneda Reeves (Secretary) $0 $0
Leslie Shashack (Director) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$40,969
Expenses
$35,518
Net Income
$5,451
Net Assets
$67,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $70,351
Total Liabilities $3,165
Net Assets $67,186
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Lane Shandley (President) $0 $0
Paul Ahrens (Vice Preside) $0 $4,500
Arneda Reeves (Secretary) $0 $0
Leslie Anton (Director) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$41,060
Expenses
$44,098
Net Income
-$3,038
Net Assets
$61,315
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $52
0.1%
Assets/Debt
Total Assets $64,060
Total Liabilities $2,745
Net Assets $61,315
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Lane Shandley (President) $0 $0
Paul Ahrens (Vice Preside) $0 $0
Arneda Reeves (Secretary) $0 $0
Leslie Anton (Director) $0 $0
Mike Johnston (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$37,015
Expenses
$32,011
Net Income
$5,004
Net Assets
$62,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,915
99.7%
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $99
0.3%
Assets/Debt
Total Assets $64,341
Total Liabilities $1,979
Net Assets $62,362
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Bobby Reeves (Secretary) $7,937 $0
Paul Ahrens (Vice Preside) $4,200 $0
Lane Shandley (President) $0 $0
Arneda Reeves (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$37,558
Expenses
$31,682
Net Income
$5,876
Net Assets
$57,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,337
86.1%
Investment Income $1
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $600
1.6%
Other Revenue $0
Assets/Debt
Total Assets $59,283
Total Liabilities $1,925
Net Assets $57,358
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Land Shandley (President) $0 $0
Paul Ahrens (Vice Preside) $0 $0
Bobby Reeves (Secretary) $0 $0
Arneda Reeves (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$36,268
Expenses
$29,266
Net Income
$7,002
Net Assets
$51,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $36,268
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $51,482
Total Liabilities $0
Net Assets $51,482
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Other
Lane Shandley (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$38,870
Expenses
$27,621
Net Income
$11,249
Net Assets
$44,480
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,780
99.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $46,780
Total Liabilities $2,300
Net Assets $44,480
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$35,140
Expenses
$17,954
Net Income
$17,186
Net Assets
$33,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,140
100%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $39,221
Total Liabilities $5,900
Net Assets $33,321
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Jan.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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