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Gholson 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.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$961k (2023)

Expenses
$949k (2023)

Total Assets
$3.1M (2023)

Total Liabilities
$180k (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 Form 990
Revenue
$960,956
Expenses
$948,557
Net Income
$12,399
Net Assets
$2,924,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $938,666
97.7%
Investment Income $8,646
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,644
1.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $58,465
6.2%
Professional Fundraising Fees $0
Other Salaries and Wages $32,437
3.4%
Assets/Debt
Total Assets $3,104,944
Total Liabilities $180,349
Net Assets $2,924,595
Club or Co-Op Income
Income From Members $938,666
Income From Other Sources $22,290
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson Rager (Manager) $58,465 $0 $0
Samuel Clayton (Director) $0 $0 $0
George Kilgo (Dirctor) $0 $0 $0
Burl Shelton (President) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$971,486
Expenses
$868,633
Net Income
$102,853
Net Assets
$2,912,196
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $951,936
98.0%
Investment Income $6,170
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,380
1.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $51,299
5.9%
Professional Fundraising Fees $0
Other Salaries and Wages $20,963
2.4%
Assets/Debt
Total Assets $3,086,786
Total Liabilities $174,590
Net Assets $2,912,196
Club or Co-Op Income
Income From Members $951,936
Income From Other Sources $19,550
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson Rager (Manager) $51,299 $0 $0
Burl Shelton (President) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
George Kilgo (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$858,368
Expenses
$566,071
Net Income
$292,297
Net Assets
$2,809,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $837,846
97.6%
Investment Income $7,406
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,116
1.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,962
8.6%
Professional Fundraising Fees $0
Other Salaries and Wages $19,409
3.4%
Assets/Debt
Total Assets $2,974,221
Total Liabilities $164,878
Net Assets $2,809,343
Club or Co-Op Income
Income From Members $837,846
Income From Other Sources $20,522
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson Rager (Manager) $48,962 $0 $0
Burl Shelton (President) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
George Kilgo (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$709,308
Expenses
$539,503
Net Income
$169,805
Net Assets
$2,517,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $693,218
97.7%
Investment Income $3,226
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,864
1.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $39,533
7.3%
Professional Fundraising Fees $0
Other Salaries and Wages $32,109
6.0%
Assets/Debt
Total Assets $2,713,248
Total Liabilities $196,202
Net Assets $2,517,046
Club or Co-Op Income
Income From Members $693,218
Income From Other Sources $16,090
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson Rager (Manager) $39,533 $0 $0
Burl Shelton (President) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
George Kilgo (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$736,831
Expenses
$519,112
Net Income
$217,719
Net Assets
$2,347,241
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $721,006
97.9%
Investment Income $3,201
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,624
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,000
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $29,799
5.7%
Assets/Debt
Total Assets $2,560,669
Total Liabilities $213,428
Net Assets $2,347,241
Club or Co-Op Income
Income From Members $721,006
Income From Other Sources $15,825
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson (Manager) $36,000 $0 $0
Burl Shelton (President) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
George Kilgo (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$758,482
Expenses
$531,038
Net Income
$227,444
Net Assets
$2,129,522
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $743,438
98.0%
Investment Income $2,660
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,384
1.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $36,542
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $31,754
6.0%
Assets/Debt
Total Assets $2,369,916
Total Liabilities $240,394
Net Assets $2,129,522
Club or Co-Op Income
Income From Members $735,389
Income From Other Sources $23,093
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson (Manager) $36,542 $0 $0
Burl Shelton (President) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
George Kilgo (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$741,716
Expenses
$568,984
Net Income
$172,732
Net Assets
$1,902,078
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $728,136
98.2%
Investment Income $2,528
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,052
1.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $49,337
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $15,630
2.7%
Assets/Debt
Total Assets $2,329,605
Total Liabilities $427,527
Net Assets $1,902,078
Club or Co-Op Income
Income From Members $723,266
Income From Other Sources $18,450
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson (Manager) $49,337 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Burl Shelton (President) $0 $0 $0
Judy Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$642,218
Expenses
$537,855
Net Income
$104,363
Net Assets
$1,729,346
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $629,041
97.9%
Investment Income $2,353
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $10,824
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $47,786
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $17,769
3.3%
Assets/Debt
Total Assets $2,368,355
Total Liabilities $639,009
Net Assets $1,729,346
Club or Co-Op Income
Income From Members $615,054
Income From Other Sources $13,177
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson (Manager) $47,786 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Burl Shelton (President) $0 $0 $0
Judy Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$751,458
Expenses
$584,307
Net Income
$167,151
Net Assets
$1,624,983
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $738,654
98.3%
Investment Income $2,196
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $10,608
1.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $46,154
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $19,579
3.4%
Assets/Debt
Total Assets $2,351,472
Total Liabilities $726,489
Net Assets $1,624,983
Club or Co-Op Income
Income From Members $719,741
Income From Other Sources $12,804
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson (Manager) $46,154 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
Tom Buzbee (Vice President) $0 $0 $0
Burl Shelton (President) $0 $0 $0
Judy Smith (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$626,086
Expenses
$512,177
Net Income
$113,909
Net Assets
$1,457,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $613,805
98.0%
Investment Income $1,883
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $10,398
1.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,020
7.8%
Professional Fundraising Fees $0
Other Salaries and Wages $18,594
3.6%
Assets/Debt
Total Assets $2,342,161
Total Liabilities $884,329
Net Assets $1,457,832
Club or Co-Op Income
Income From Members $613,805
Income From Other Sources $12,281
Compensation
Key Employees and Officers Compensation Related Other
Jamie Adamson (Manager) $40,020 $0 $0
E B Wiley Jr Dec'd 3214 (President) $0 $0 $0
Burl Shelton 1114 3214 (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Tom Buzbee 1114 3214 (Director) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0
Brandy Dyer (Director) $0 $0 $0
Burl Shelton 3214 123114 (President) $0 $0 $0
Tom Buzbee 3214 123114 (Vice President) $0 $0 $0
Judy Smith 3214 123114 (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$606,803
Expenses
$518,318
Net Income
$88,485
Net Assets
$1,343,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $603,416
99.4%
Investment Income $2,722
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $10,194
1.7%
Net Fundraising $0
Sales of Assets -$9,529
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $20,953
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $54,084
10.4%
Assets/Debt
Total Assets $2,333,807
Total Liabilities $989,884
Net Assets $1,343,923
Club or Co-Op Income
Income From Members $603,416
Income From Other Sources $3,387
Compensation
Key Employees and Officers Compensation Related Other
E B Wiley Jr Dec'd 3214 (President) $20,953 $0 $0
Burl Shelton (Vice President) $0 $0 $0
Dannis Russell (Secretary/Treasurer) $0 $0 $0
Tom Buzbee (Director) $0 $0 $0
Samuel Clayton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$605,770
Expenses
$484,557
Net Income
$121,213
Net Assets
$1,255,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $603,150
99.6%
Investment Income $2,620
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $33,666
6.9%
Professional Fundraising Fees $0
Other Salaries and Wages $51,928
10.7%
Assets/Debt
Total Assets $2,341,328
Total Liabilities $1,085,890
Net Assets $1,255,438
Club or Co-Op Income
Income From Members $603,150
Income From Other Sources $2,620

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$625,464
Expenses
$484,430
Net Income
$141,034
Net Assets
$1,134,225
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $622,708
99.6%
Investment Income $2,756
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $30,538
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $50,427
10.4%
Assets/Debt
Total Assets $2,325,459
Total Liabilities $1,191,234
Net Assets $1,134,225
Club or Co-Op Income
Income From Members $622,708
Income From Other Sources $2,756

Document Links

Fiscal Year Ending Dec.
2010

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

Fiscal Year Ending Dec.
2005

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.
2004

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.

Which Organizations Are Here?

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 »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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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