Lake Bonanza Water Supply Corporation

Willis, TX
Tax-exempt since July 1995
EIN: 76-0364821

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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

$828k (2024)

Expenses

$947k (2024)

Total Assets

$3.11M (2024)

Total Liabilities

$2.17M (2024)

Years with missing data

Source: Form 990 tax filings from 2010 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

$828,338

Expenses

$947,196

Net Income

-$118,858

Net Assets

$934,940

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$818,366	98.8%
Investment Income	$9,972	1.2%
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	$16,800	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,106,461
Total Liabilities	$2,171,521
Net Assets	$934,940

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

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Gonzalez (Secretary/Treasurer)	$5,900	$0	$0
Mary Wesolick (President)	$5,900	$0	$0
Alec White (Vice President)	$5,000	$0	$0
Bo Roach (Director)	$0	$0	$0
Dwight Courtney (Director)	$0	$0	$0
Karen Laube (Director)	$0	$0	$0
Richard Harris (Director)	$0	$0	$0

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990

Filed on May 22, 2025

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

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$914,785

Expenses

$835,622

Net Income

$79,163

Net Assets

$1,053,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$908,544	99.3%
Investment Income	$6,186	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$55	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$16,800	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,274,273
Total Liabilities	$2,220,475
Net Assets	$1,053,798

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

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Gonzalez (Secretary/Treasurer)	$5,900	$0	$0
Mary Wesolick (President)	$5,900	$0	$0
Alec White (Vice President)	$5,000	$0	$0
Bo Roach (Director)	$0	$0	$0
Dwight Courtney (Director)	$0	$0	$0
Karen Laube (Director)	$0	$0	$0
Krista Inlay (Director)	$0	$0	$0

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990

Filed on May 15, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$869,393

Expenses

$831,215

Net Income

$38,178

Net Assets

$974,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$868,395	99.9%
Investment Income	$998	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	$13,050	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,064,823
Total Liabilities	$2,090,188
Net Assets	$974,635

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

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Gonzalez (Secretary/Treasurer)	$5,900	$0	$0
Mary Wesolick (President)	$5,900	$0	$0
Alec White (Vice President)	$1,250	$0	$0
Bo Roach (Director)	$0	$0	$0
Dwight Courtney (Director)	$0	$0	$0
Karen Laube (Director)	$0	$0	$0
Krista Inlay (Director)	$0	$0	$0

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990

Filed on May 12, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$749,127

Expenses

$638,491

Net Income

$110,636

Net Assets

$936,459

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$748,775	100.0%
Investment Income	$352	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	$11,800	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,255,619
Total Liabilities	$1,319,160
Net Assets	$936,459

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

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Gonzalez (Secretary/Treasurer)	$5,900	$0	$0
Mary Wesolick (President)	$5,900	$0	$0
Alec White (Director)	$0	$0	$0
Tracy Michaud (Director)	$0	$0	$0
David Miller (Director)	$0	$0	$0
Lance Molchan (Vice President)	$0	$0	$0

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990

Filed on Nov. 4, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$699,189

Expenses

$573,355

Net Income

$125,834

Net Assets

$825,823

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$685,601	98.1%
Investment Income	$1,285	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,303	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$11,800	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,206,163
Total Liabilities	$380,340
Net Assets	$825,823

Club or Co-Op Income
Income From Members	$685,601
Income From Other Sources	$0

Compensation

Key Employees and Officers	Compensation	Related	Other
Karen Gonzalez (Secretary/Treasurer)	$5,900	$0	$0
Mary Wesolick (President)	$5,900	$0	$0
Joe Gonzalez (Director)	$0	$0	$0
Tracy Michaud (Director)	$0	$0	$0
David Miller (Director)	$0	$0	$0
Lance Molchan (Vice President)	$0	$0	$0

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990

Filed on June 30, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$568,093

Expenses

$469,916

Net Income

$98,177

Net Assets

$699,989

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$566,787	99.8%
Investment Income	$1,306	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	$11,800	2.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,126,155
Total Liabilities	$426,166
Net Assets	$699,989

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.
2017

Revenue

$533,936

Expenses

$447,433

Net Income

$86,503

Net Assets

$533,746

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$533,716	100.0%
Investment Income	$220	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	$9,300	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,372,832
Total Liabilities	$839,086
Net Assets	$533,746

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.
2016

Revenue

$498,617

Expenses

$422,629

Net Income

$75,988

Net Assets

$447,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$498,437	100.0%
Investment Income	$180	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	$6,800	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,502,646
Total Liabilities	$1,055,403
Net Assets	$447,243

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

$492,583

Expenses

$435,571

Net Income

$57,012

Net Assets

$371,255

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$492,432	100.0%
Investment Income	$151	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	$6,800	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,526,495
Total Liabilities	$1,155,240
Net Assets	$371,255

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

$484,582

Expenses

$403,160

Net Income

$81,422

Net Assets

$314,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$484,521	100.0%
Investment Income	$61	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	$6,800	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,534,886
Total Liabilities	$1,220,643
Net Assets	$314,243

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

$435,116

Expenses

$365,540

Net Income

$69,576

Net Assets

$232,821

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$434,915	100.0%
Investment Income	$201	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	$6,275	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,291,065
Total Liabilities	$1,058,244
Net Assets	$232,821

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

$313,578

Expenses

$311,706

Net Income

$1,872

Net Assets

$163,245

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$313,232	99.9%
Investment Income	$346	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	$5,150	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,098,342
Total Liabilities	$935,097
Net Assets	$163,245

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

$378,649

Expenses

$341,325

Net Income

$37,324

Net Assets

$161,373

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$378,178	99.9%
Investment Income	$471	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	$5,000	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,078,371
Total Liabilities	$916,998
Net Assets	$161,373

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

Revenue

$318,340

Expenses

$306,804

Net Income

$11,536

Net Assets

$124,049

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$316,915	99.6%
Investment Income	$1,425	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	$4,083	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,060,801
Total Liabilities	$936,752
Net Assets	$124,049

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

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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Updated December 22, 2025

Lake Bonanza Water Supply Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $828k (2024)

Expenses $947k (2024)

Total Assets $3.11M (2024)

Total Liabilities $2.17M (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

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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

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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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

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$828k (2024)

Expenses

$947k (2024)

Total Assets

$3.11M (2024)

Total Liabilities

$2.17M (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.
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