Three Community Water Corp FY2024 filing

Not tax-deductible

Brownsboro, TXMutual-benefit / member-servingMutual/Membership EIN 75-1928671Revenue $242K in FY2024

On file with the IRSPo Box 228, 75756-0228 · Brownsboro, TXTax-exempt since Oct 2001

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Provide Water for members.

64¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $50K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
31 mo
of spending, in cash
Looks good: 31.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$242K
+7% vs prior year
Spent
$217K
To programs
64%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$242K
FY2024▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$158K
FY2022$241K
FY2023$227K
FY2024$242K
FY2025$253K
Expenses
$217K
FY2024▲ +40%
Tap a bar for its year
Expenses by fiscal year
FY2020$119K
FY2022$172K
FY2023$155K
FY2024$217K
FY2025$210K
Net assets
$1.0M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$889K
FY2022$937K
FY2023$1.0M
FY2024$1.0M
FY2025$1.1M

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $140K Management & general 34% · $73K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Belinda Tompkins’s $12K as Secretary is at the 53rd percentile of top reported officer pay among 540 $100K–1M mutual/membership nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Three Community Water Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Three Community Water Corp is a member-serving organization based in Brownsboro, TX.

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Provided by the organization

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2 programs · in their own filed words · FY2024
01

To provide pure treated water for its members

Pt IX · col B
02

To provide pure treated water for its members

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$242K
Ln 12
Fees for servicesLn 2g$238K
Investment incomeLn 3$5K
Money outPt IX
$217K
Ln 25
Programscol B$140K
Managementcol C$73K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$562K
Total assetsLn 16$1.0M
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$238K
Investment incomeLn 3$5K
Total revenueLn 12$242K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$562K
Total assetsLn 16$1.0M
LiabilitiesLn 26$2K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $253K$210K$43K$1.1M 990 PDF
FY2024 Viewing $242K$217K$25K$1.0M 990 PDF
FY2023 $227K$155K$72K$1.0M 990 PDF
FY2022 $241K$172K$70K$937K 990 PDF
FY2021 Not on file
FY2020 $158K$119K$39K$889K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons A · Public support O · Explanations
See the full FY2024 990 (1 part)
Part VI · Governance 3 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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