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New Prospect Water Supply Corporation

  • Henderson, TX
  • Tax-exempt since July 1993
  • EIN: 75-1464425

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
$388k (2024)

Expenses
$367k (2024)

Total Assets
$1.05M (2024)

Total Liabilities
$6.78k (2024)

Source: Form 990 tax filings from 2011 to 2024

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.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$388,296
Expenses
$366,804
Net Income
$21,492
Net Assets
$1,047,263
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
12.9%
Program Services $327,371
84.3%
Investment Income $10,925
2.8%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $102,086
27.8%
Assets/Debt
Total Assets $1,054,046
Total Liabilities $6,783
Net Assets $1,047,263
Club or Co-Op Income
Income From Members $327,371
Income From Other Sources $60,925
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
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Document Links

990
Filed on May 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$385,553
Expenses
$366,105
Net Income
$19,448
Net Assets
$1,025,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,000
13.0%
Program Services $328,137
85.1%
Investment Income $7,416
1.9%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $113,286
30.9%
Assets/Debt
Total Assets $1,032,357
Total Liabilities $6,986
Net Assets $1,025,371
Club or Co-Op Income
Income From Members $328,137
Income From Other Sources $57,416
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 11, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$303,036
Expenses
$350,895
Net Income
-$47,859
Net Assets
$1,005,523
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $300,214
99.1%
Investment Income $2,822
0.9%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $76,947
21.9%
Assets/Debt
Total Assets $1,011,866
Total Liabilities $6,343
Net Assets $1,005,523
Club or Co-Op Income
Income From Members $300,214
Income From Other Sources $2,822
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$275,314
Expenses
$240,050
Net Income
$35,264
Net Assets
$1,052,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $270,142
98.1%
Investment Income $5,172
1.9%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $71,682
29.9%
Assets/Debt
Total Assets $1,057,939
Total Liabilities $5,707
Net Assets $1,052,232
Club or Co-Op Income
Income From Members $270,142
Income From Other Sources $5,172
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 2, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$254,258
Expenses
$277,038
Net Income
-$22,780
Net Assets
$1,016,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $249,109
98.0%
Investment Income $5,149
2.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $80,492
29.1%
Assets/Debt
Total Assets $1,021,989
Total Liabilities $5,521
Net Assets $1,016,468
Club or Co-Op Income
Income From Members $249,109
Income From Other Sources $5,149
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 3, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$271,162
Expenses
$268,953
Net Income
$2,209
Net Assets
$1,038,718
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
3.7%
Program Services $254,842
94.0%
Investment Income $6,320
2.3%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $82,056
30.5%
Assets/Debt
Total Assets $1,044,427
Total Liabilities $5,709
Net Assets $1,038,718
Club or Co-Op Income
Income From Members $254,842
Income From Other Sources $16,320
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 20, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$254,095
Expenses
$223,117
Net Income
$30,978
Net Assets
$1,035,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $250,774
98.7%
Investment Income $3,275
1.3%
Bond Proceeds $0
Royalties $46
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $63,039
28.3%
Assets/Debt
Total Assets $1,039,685
Total Liabilities $4,447
Net Assets $1,035,238
Club or Co-Op Income
Income From Members $250,774
Income From Other Sources $3,321
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on June 17, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,436
Expenses
$219,607
Net Income
$15,829
Net Assets
$1,002,410
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $232,740
98.9%
Investment Income $2,667
1.1%
Bond Proceeds $0
Royalties $29
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $61,693
28.1%
Assets/Debt
Total Assets $1,031,193
Total Liabilities $28,783
Net Assets $1,002,410
Club or Co-Op Income
Income From Members $232,740
Income From Other Sources $2,696
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on July 2, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$238,622
Expenses
$194,613
Net Income
$44,009
Net Assets
$985,260
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $236,568
99.1%
Investment Income $1,998
0.8%
Bond Proceeds $0
Royalties $56
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $57,602
29.6%
Assets/Debt
Total Assets $990,934
Total Liabilities $5,674
Net Assets $985,260
Club or Co-Op Income
Income From Members $236,568
Income From Other Sources $2,054
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Alan Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 17, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$345,981
Expenses
$171,628
Net Income
$174,353
Net Assets
$940,751
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $238,726
69.0%
Investment Income $2,204
0.6%
Bond Proceeds $0
Royalties $127
0.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $104,924
30.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $57,728
33.6%
Assets/Debt
Total Assets $946,389
Total Liabilities $5,638
Net Assets $940,751
Club or Co-Op Income
Income From Members $238,726
Income From Other Sources $107,255
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Shannon Yarborough (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Scott Hammett (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 17, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$227,643
Expenses
$189,297
Net Income
$38,346
Net Assets
$765,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $225,463
99.0%
Investment Income $2,180
1.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $57,529
30.4%
Assets/Debt
Total Assets $875,046
Total Liabilities $109,348
Net Assets $765,698
Club or Co-Op Income
Income From Members $225,575
Income From Other Sources $2,067
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Scott Hammett (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Shannon Yarborough (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$235,750
Expenses
$200,939
Net Income
$34,811
Net Assets
$725,752
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $233,324
99.0%
Investment Income $2,426
1.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $53,151
26.5%
Assets/Debt
Total Assets $898,975
Total Liabilities $173,223
Net Assets $725,752
Club or Co-Op Income
Income From Members $233,324
Income From Other Sources $2,426
Compensation
Key Employees and Officers Compensation Related Other
Joe Dan Brown (Pres) $0 $0 $0
Leon Harris (Vice President) $0 $0 $0
Scott Hammett (Sec Trea) $0 $0 $0
Gregg Green (Director) $0 $0 $0
Shannon Yarborough (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 22, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$234,614
Expenses
$211,553
Net Income
$23,061
Net Assets
$693,172
Notable Sources of Revenue Percent of Total Revenue
Contributions $10,000
4.3%
Program Services $222,199
94.7%
Investment Income $2,415
1.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $58,905
27.8%
Assets/Debt
Total Assets $748,585
Total Liabilities $55,413
Net Assets $693,172
Club or Co-Op Income
Income From Members $222,199
Income From Other Sources $12,415

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$271,265
Expenses
$225,391
Net Income
$45,874
Net Assets
$669,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $268,905
99.1%
Investment Income $2,348
0.9%
Bond Proceeds $0
Royalties $12
0.0%
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 $0
Professional Fundraising Fees $0
Other Salaries and Wages $58,873
26.1%
Assets/Debt
Total Assets $811,455
Total Liabilities $142,404
Net Assets $669,051
Club or Co-Op Income
Income From Members $268,905
Income From Other Sources $2,360

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is 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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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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