Wright City Water Supply Corporation

Troup, TX
Tax-exempt since Sept. 1987
EIN: 75-1465637

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$2.86M (2023)

Expenses

$1.06M (2023)

Total Assets

$5.63M (2023)

Total Liabilities

$2.5M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$2,863,741

Expenses

$1,060,835

Net Income

$1,802,906

Net Assets

$3,129,864

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,597,554	55.8%
Program Services	$1,214,190	42.4%
Investment Income	$3,833	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$48,164	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$167,869	15.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$208,272	19.6%

Assets/Debt
Total Assets	$5,625,452
Total Liabilities	$2,495,588
Net Assets	$3,129,864

Club or Co-Op Income
Income From Members	$1,214,190
Income From Other Sources	$1,649,551

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles A Seale (President & Director)	$96,269	$0	$0
James Kulzar (Vp & Director)	$0	$0	$0
Anthony Jackson (Sec Treas & Director)	$0	$0	$0
David Richmond (Director)	$0	$0	$0
Earl Arterberry (Director)	$0	$0	$0
Gregg Mcdowell (Director)	$0	$0	$0
Mary Garrett (Director)	$0	$0	$0

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990

Filed on July 1, 2024

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

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2022

Revenue

$1,127,145

Expenses

$986,941

Net Income

$140,204

Net Assets

$1,105,330

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,126,435	99.9%
Investment Income	$478	0.0%
Bond Proceeds	$0
Royalties	$232	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	$165,079	16.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$181,120	18.4%

Assets/Debt
Total Assets	$1,695,940
Total Liabilities	$590,610
Net Assets	$1,105,330

Club or Co-Op Income
Income From Members	$1,126,435
Income From Other Sources	$710

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles A Seale (President & Director)	$91,590	$0	$0
James Kulzar (Vp & Director)	$0	$0	$0
Anthony Jackson (Sec Treas & Director)	$0	$0	$0
David Richmond (Director)	$0	$0	$0
Earl Arterberry (Director)	$0	$0	$0
Gregg Mcdowell (Director)	$0	$0	$0

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990

Filed on May 15, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$996,936

Expenses

$907,161

Net Income

$89,775

Net Assets

$961,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$996,448	100.0%
Investment Income	$314	0.0%
Bond Proceeds	$0
Royalties	$174	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	$166,693	18.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$171,314	18.9%

Assets/Debt
Total Assets	$1,190,305
Total Liabilities	$229,179
Net Assets	$961,126

Club or Co-Op Income
Income From Members	$996,448
Income From Other Sources	$487

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles A Seale (President & Director)	$94,204	$0	$0
James Kulzar (Vp & Director)	$0	$0	$0
Anthony Jackson (Sec Treas & Director)	$0	$0	$0
David Richmond (Director)	$0	$0	$0
Earl Arterberry (Director)	$0	$0	$0
Gregg Mcdowell (Director)	$0	$0	$0

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990

Filed on May 9, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$1,014,111

Expenses

$846,527

Net Income

$167,584

Net Assets

$871,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$939,707	92.7%
Investment Income	$1,151	0.1%
Bond Proceeds	$0
Royalties	$176	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$73,077	7.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$88,769	10.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$247,343	29.2%

Assets/Debt
Total Assets	$1,177,805
Total Liabilities	$306,754
Net Assets	$871,051

Club or Co-Op Income
Income From Members	$939,707
Income From Other Sources	$74,404

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles A Seale (President & Director)	$88,769	$0	$0
David Garrett (Vp & Director)	$0	$0	$0
Anthony Jackson (Sec Treas & Director)	$0	$0	$0
David Richmond (Director)	$0	$0	$0
Burnett Fullylove (Director)	$0	$0	$0
Gregg Mcdowell (Director)	$0	$0	$0

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990

Filed on May 28, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$972,432

Expenses

$856,187

Net Income

$116,245

Net Assets

$702,167

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$951,253	97.8%
Investment Income	$1,513	0.2%
Bond Proceeds	$262	0.0%
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$19,404	2.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$84,136	9.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$241,638	28.2%

Assets/Debt
Total Assets	$871,469
Total Liabilities	$169,302
Net Assets	$702,167

Club or Co-Op Income
Income From Members	$951,253
Income From Other Sources	$1,775

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles A Seale (President & Director)	$84,136	$0	$0
David Garrett (Vp & Director)	$0	$0	$0
Anthony Jackson (Sec Treas & Director)	$0	$0	$0
David Richmond (Director)	$0	$0	$0
Burnett Fullylove (Director)	$0	$0	$0
Gregg Mcdowell (Director)	$0	$0	$0

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990

Filed on June 16, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$927,712

Expenses

$876,469

Net Income

$51,243

Net Assets

$585,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$926,009	99.8%
Investment Income	$1,418	0.2%
Bond Proceeds	$0
Royalties	$285	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	$84,703	9.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$234,570	26.8%

Assets/Debt
Total Assets	$728,400
Total Liabilities	$143,378
Net Assets	$585,022

Club or Co-Op Income
Income From Members	$926,009
Income From Other Sources	$1,704

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles A Seale (President & Director)	$84,703	$0	$0
David Garrett (Vp & Director)	$0	$0	$0
David Richmond (Secretary & Director)	$0	$0	$0
Jerry Thornton (Director)	$0	$0	$0
Burnett Fullylove (Director)	$0	$0	$0
Gregg Mcdowell (Director)	$0	$0	$0
Anthony Jackson (Director)	$0	$0	$0

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990

Filed on May 6, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$756,833

Expenses

$789,844

Net Income

-$33,011

Net Assets

$533,179

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$755,722	99.9%
Investment Income	$1,111	0.1%
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	$91,573	11.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$209,581	26.5%

Assets/Debt
Total Assets	$727,373
Total Liabilities	$194,194
Net Assets	$533,179

Club or Co-Op Income
Income From Members	$755,722
Income From Other Sources	$1,111

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
C A Seale (President & Director)	$91,573	$0	$0
David Garrett (Vp & Director)	$0	$0	$0
Jerry Thornton (Secretary & Director)	$0	$0	$0
John Ford (Director)	$0	$0	$0
Burnett Fullylove (Director)	$0	$0	$0
Shirley Duncan (Director)	$0	$0	$0
Greg Mcdowell (Director)	$0	$0	$0

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990

Filed on May 31, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$808,489

Expenses

$760,561

Net Income

$47,928

Net Assets

$565,190

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$807,763	99.9%
Investment Income	$726	0.1%
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	$99,062	13.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$192,993	25.4%

Assets/Debt
Total Assets	$755,671
Total Liabilities	$190,481
Net Assets	$565,190

Club or Co-Op Income
Income From Members	$807,763
Income From Other Sources	$726

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
C A Seale (President & Director)	$99,062	$0	$0
David Garrett (Vp & Director)	$0	$0	$0
Jerry Thornton (Secretary & Director)	$0	$0	$0
John Ford (Director)	$0	$0	$0
Burnett Fullylove (Director)	$0	$0	$0
Shirley Duncan (Director)	$0	$0	$0
Greg Mcdowell (Director)	$0	$0	$0

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990

Filed on May 16, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$777,468

Expenses

$667,264

Net Income

$110,204

Net Assets

$517,462

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$776,685	99.9%
Investment Income	$706	0.1%
Bond Proceeds	$0
Royalties	$77	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	$95,727	14.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$155,312	23.3%

Assets/Debt
Total Assets	$718,284
Total Liabilities	$200,822
Net Assets	$517,462

Club or Co-Op Income
Income From Members	$776,685
Income From Other Sources	$783

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
C A Seale (President)	$95,727	$0	$0
David Garrett (Vp)	$0	$0	$0
Jerry Thornton (Secretary)	$0	$0	$0
John Ford (Dir)	$0	$0	$0
Burnett Fullylove (Dir)	$0	$0	$0
Shirley Duncan (Dir)	$0	$0	$0
Greg Mcdowell (Dir)	$0	$0	$0

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990

Filed on April 27, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$696,259

Expenses

$751,413

Net Income

-$55,154

Net Assets

$407,458

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$695,388	99.9%
Investment Income	$752	0.1%
Bond Proceeds	$0
Royalties	$119	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	$97,542	13.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$205,019	27.3%

Assets/Debt
Total Assets	$597,081
Total Liabilities	$189,623
Net Assets	$407,458

Club or Co-Op Income
Income From Members	$695,388
Income From Other Sources	$871

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
C A Seale (President)	$97,542	$0	$0
David Garrett (Vp)	$0	$0	$0
Jerry Thornton (Secretary)	$0	$0	$0
John Ford (Dir)	$0	$0	$0
Burnett Fullylove (Dir)	$0	$0	$0
Shirley Duncan (Dir)	$0	$0	$0
Greg Mcdowell (Dir)	$0	$0	$0

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990

Filed on May 7, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$675,053

Expenses

$649,059

Net Income

$25,994

Net Assets

$462,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$673,904	99.8%
Investment Income	$1,149	0.2%
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	$95,636	14.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$129,889	20.0%

Assets/Debt
Total Assets	$668,144
Total Liabilities	$206,132
Net Assets	$462,012

Club or Co-Op Income
Income From Members	$673,904
Income From Other Sources	$1,149

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
C A Seale (President)	$95,636	$0	$0
David Garrett (Vp)	$0	$0	$0
Billy Douglas (Secretary)	$0	$0	$0
John Ford (Dir)	$0	$0	$0
Burnett Fullylove (Dir)	$0	$0	$0
Shirley Duncan (Dir)	$0	$0	$0
Greg Mcdowell (Dir)	$0	$0	$0

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990

Filed on May 12, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$613,405

Expenses

$672,257

Net Income

-$58,852

Net Assets

$435,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$612,010	99.8%
Investment Income	$1,395	0.2%
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	$90,935	13.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$167,762	25.0%

Assets/Debt
Total Assets	$683,935
Total Liabilities	$248,917
Net Assets	$435,018

Club or Co-Op Income
Income From Members	$612,010
Income From Other Sources	$1,395

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$719,866

Expenses

$683,355

Net Income

$36,511

Net Assets

$494,270

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$717,958	99.7%
Investment Income	$1,908	0.3%
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	$88,144	12.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$167,894	24.6%

Assets/Debt
Total Assets	$801,283
Total Liabilities	$307,013
Net Assets	$494,270

Club or Co-Op Income
Income From Members	$717,958
Income From Other Sources	$1,908

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.

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Wright City Water Supply Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $2.86M (2023)

Expenses $1.06M (2023)

Total Assets $5.63M (2023)

Total Liabilities $2.5M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

Revenue

$2.86M (2023)

Expenses

$1.06M (2023)

Total Assets

$5.63M (2023)

Total Liabilities

$2.5M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004