Walnut Cove Water Supply Corporation

Willis, TX
Tax-exempt since April 1995
EIN: 76-0364132

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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.

Revenue

$1.02M (2024)

Expenses

$775k (2024)

Total Assets

$1.76M (2024)

Total Liabilities

$231k (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

Revenue

$1,015,568

Expenses

$774,877

Net Income

$240,691

Net Assets

$1,531,277

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,012,366	99.7%
Investment Income	$3,202	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	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,762,072
Total Liabilities	$230,795
Net Assets	$1,531,277

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Michelle Torres (Director)	$0	$0	$0
Arthur Buckner (President)	$0	$0	$0
Daniel Bonnette (Vp)	$0	$0	$0
Lori Ridge (Secretary/Treasurer)	$0	$0	$0

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990

Filed on June 4, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$1,016,062

Expenses

$753,863

Net Income

$262,199

Net Assets

$1,290,586

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,014,546	99.9%
Investment Income	$1,516	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	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,517,980
Total Liabilities	$227,394
Net Assets	$1,290,586

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Michelle Torres (Director)	$0	$0	$0
Arthur Buckner (President)	$0	$0	$0
Daniel Bonnette (Vp)	$0	$0	$0
Lori Ridge (Secretary/Treasurer)	$0	$0	$0

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990

Filed on May 15, 2024

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2022

Revenue

$1,078,721

Expenses

$689,253

Net Income

$389,468

Net Assets

$1,028,387

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,078,652	100.0%
Investment Income	$69	0.0%
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	$0

Assets/Debt
Total Assets	$1,282,276
Total Liabilities	$253,889
Net Assets	$1,028,387

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Michelle Torres (Director)	$0	$0	$0
Arthur Buckner (President)	$0	$0	$0
Daniel Bonnette (Vp)	$0	$0	$0
Lori Ridge (Secretary/Treasurer)	$0	$0	$0

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990

Filed on May 15, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$701,098

Expenses

$525,093

Net Income

$176,005

Net Assets

$638,919

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$701,035	100.0%
Investment Income	$63	0.0%
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	$0

Assets/Debt
Total Assets	$919,302
Total Liabilities	$280,383
Net Assets	$638,919

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Lori Ridge (Director)	$0	$0	$0
Mark Morgan (Director)	$0	$0	$0
Arthur Buckner (President)	$0	$0	$0
Daniel Bonnette (Vp)	$0	$0	$0
Alice Pulatie (Sec Treas)	$0	$0	$0

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990

Filed on Nov. 10, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$463,709

Expenses

$433,156

Net Income

$30,553

Net Assets

$462,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$463,621	100.0%
Investment Income	$88	0.0%
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	$0

Assets/Debt
Total Assets	$462,914
Total Liabilities	$0
Net Assets	$462,914

Club or Co-Op Income
Income From Members	$463,621
Income From Other Sources	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Daniel Bonnette (Director)	$0	$0	$0
Arthur Buckner (President)	$0	$0	$0
Tom Byron (Vp)	$0	$0	$0
Alice Pulatie (Sec Treas)	$0	$0	$0
Elaine Herring (Dep Sec)	$0	$0	$0

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990

Filed on June 30, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$433,199

Expenses

$396,519

Net Income

$36,680

Net Assets

$432,361

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$432,576	99.9%
Investment Income	$623	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	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$472,722
Total Liabilities	$40,361
Net Assets	$432,361

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$423,029

Expenses

$395,093

Net Income

$27,936

Net Assets

$395,681

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$422,959	100.0%
Investment Income	$70	0.0%
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	$0

Assets/Debt
Total Assets	$462,035
Total Liabilities	$66,354
Net Assets	$395,681

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$401,168

Expenses

$393,763

Net Income

$7,405

Net Assets

$367,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$401,104	100.0%
Investment Income	$64	0.0%
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	$0

Assets/Debt
Total Assets	$458,651
Total Liabilities	$90,906
Net Assets	$367,745

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Revenue

$400,527

Expenses

$365,489

Net Income

$35,038

Net Assets

$360,340

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$400,469	100.0%
Investment Income	$58	0.0%
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	$0

Assets/Debt
Total Assets	$474,351
Total Liabilities	$114,011
Net Assets	$360,340

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$387,092

Expenses

$348,830

Net Income

$38,262

Net Assets

$325,302

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$387,040	100.0%
Investment Income	$52	0.0%
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	$0

Assets/Debt
Total Assets	$460,802
Total Liabilities	$135,500
Net Assets	$325,302

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$361,468

Expenses

$367,265

Net Income

-$5,797

Net Assets

$287,040

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$361,422	100.0%
Investment Income	$46	0.0%
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	$0

Assets/Debt
Total Assets	$443,080
Total Liabilities	$156,040
Net Assets	$287,040

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$346,445

Expenses

$299,045

Net Income

$47,400

Net Assets

$292,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$346,405	100.0%
Investment Income	$40	0.0%
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	$0

Assets/Debt
Total Assets	$468,241
Total Liabilities	$175,404
Net Assets	$292,837

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$327,458

Expenses

$327,560

Net Income

-$102

Net Assets

$245,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$327,395	100.0%
Investment Income	$63	0.0%
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	$0

Assets/Debt
Total Assets	$375,147
Total Liabilities	$129,710
Net Assets	$245,437

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$292,815

Expenses

$321,669

Net Income

-$28,854

Net Assets

$245,539

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$292,735	100.0%
Investment Income	$80	0.0%
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	$0

Assets/Debt
Total Assets	$344,421
Total Liabilities	$98,882
Net Assets	$245,539

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2010

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

990

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

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.

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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

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Walnut Cove Water Supply Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.02M (2024)

Expenses $775k (2024)

Total Assets $1.76M (2024)

Total Liabilities $231k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

No Document Links

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$1.02M (2024)

Expenses

$775k (2024)

Total Assets

$1.76M (2024)

Total Liabilities

$231k (2024)

Fiscal Year Ending Dec.
2024

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