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FORNEY LAKE WATER SUPPLY CORP: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
FORNEY LAKE WATER SUPPLY CORP (EIN 75-1237353)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-23
IRS object ID
201923279349300502
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-23T16:33:35-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN751508990PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL W BEDFORD CPABusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1205 W HIGH STAddressLine1Txt
CityTERRELLCityNm
State AbbreviationTXStateAbbreviationCd
ZIP751602612ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN751237353EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FORNEY LAKE WATER SUPPLY CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFORNBusinessNameControlTxt
Phone9727711199PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 2034AddressLine1Txt
CityROCKWALLCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75087ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonROBIN E BALEYPersonNm
Person TitleADMINISTRATIVEOFFICRPersonTitleTxt
Phone9727711199PhoneNum
Signature2019-11-22SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL W BEDFORD CPAPreparerPersonNm
PTINP00049210PTIN
Phone9725637671PhoneNum
Preparation2019-11-23PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address23.126.53.162IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-23IPDt
IP Tm16:33:35IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id5DD0A7B885F7C9F00E353CC3E5968E146EE0F42EAtSubmissionCreationDeviceId
At Submission Filing Device Id5DD0A7B885F7C9F00E353CC3E5968E146EE0F42EAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGEORGE STINEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1111 DARRELLAddressLine1Txt
CityHEATHCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75032ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,753,123GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.FORNEYLAKEWATER.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1966FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionFURNISHING TREATED WATER TO MEMBERS - WATER.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,727,785PYProgramServiceRevenueAmt
CY Program Service Revenue$4,746,525CYProgramServiceRevenueAmt
PY Investment Income$2,607PYInvestmentIncomeAmt
CY Investment Income$6,598CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,730,392PYTotalRevenueAmt
CY Total Revenue$4,753,123CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$19,066PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,106,819PYOtherExpensesAmt
CY Other Expenses$3,067,895CYOtherExpensesAmt
PY Total Expenses$2,125,885PYTotalExpensesAmt
CY Total Expenses$3,067,895CYTotalExpensesAmt
PY Revenues Less Expenses$604,507PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,685,228CYRevenuesLessExpensesAmt
Total Assets BOY$6,067,073TotalAssetsBOYAmt
Total Assets EOY$7,851,626TotalAssetsEOYAmt
Total Liabilities BOY$112,494TotalLiabilitiesBOYAmt
Total Liabilities EOY$211,819TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,954,579NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,639,807NetAssetsOrFundBalancesEOYAmt
MissionFURNISHING TREATED WATER TO MEMBERS - WATER.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$3,067,895ExpenseAmt
Revenue$4,746,525RevenueAmt
DescFURNISHING TREATED WATER TO ITS MEMBERS RESIDING IN THE SERVICE AREA.Desc
Total Program Service Expenses$3,067,895TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Members And Shr Gross Income$4,857,463MembersAndShrGrossIncomeAmt
Other Sources Gross Income$6,598OtherSourcesGrossIncomeAmt
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (true)DelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1H20BusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9727711199PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15763 HWY 205 SOUTH STE 101AddressLine1Txt
Address Line2STE 102AddressLine2Txt
CityROCKWALLCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75032ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHARLES GREEN
PRES/DIRECTOYes (X)Yes (X)$0$0$0
STEPHEN DAVIS
VP/DIRECTORYes (X)Yes (X)$0$0$0
GEORGE STINE
SECY/DIRECTOYes (X)Yes (X)$0$0$0
PATRICK HAUGH
DIRECTORYes (X)$0$0$0
CHARLES TUNNELL
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JOHN CROW
10350 CR 346TERRELLTX75161FIELD WORK/MT$170,716
ROBIN BALEY - H2O SERVICES INC
PO BOX 2034ROCKWALLTX75087MGMT,INSPCTN,OF$152,525
DANIEL BROWN
PO BOX 606FARMERSVILLETX75442ENGINEER$103,861
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K3CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
WATER RELATED REVENUES$2,546,525$2,546,525
CITY OF HEATH$2,200,000$2,200,000
FieldValueIRS element (for citing)
Total Program Service Revenue$4,746,525TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,598TotalRevenueColumnAmt
Exclusion$6,598ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,753,123TotalRevenueColumnAmt
Related Or Exempt Func Income$4,746,525RelatedOrExemptFuncIncomeAmt
Exclusion$6,598ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$9,509TotalAmt
Program Services$9,509ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$177,244TotalAmt
Program Services$177,244ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$10,798TotalAmt
Program Services$10,798ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
REPAIRS AND MAINTENANCE$1,277,189$1,277,189
WATER PURCHASES$870,226$870,226
SUPPLIES/MATERIAL$197,506$197,506
PERSONAL SERVICES$140,100$140,100

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$385,323TotalAmt
Program Services$385,323ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,067,895TotalAmt
Program Services$3,067,895ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$131,129BOYAmt
EOY$1,390,797EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$4,232,129BOYAmt
EOY$5,045,196EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$283,390BOYAmt
EOY$172,452EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$3,200BOYAmt
EOY$3,200EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$5,838BOYAmt
EOY$5,838EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,334,096LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,101,729LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,409,611BOYAmt
EOY$1,232,367EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,776BOYAmt
EOY$1,776EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,067,073BOYAmt
EOY$7,851,626EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$112,494BOYAmt
EOY$211,819EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$112,494BOYAmt
EOY$211,819EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$207,100BOYAmt
EOY$207,100EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$2,428,887BOYAmt
EOY$2,428,887EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$3,318,592BOYAmt
EOY$5,003,820EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,954,579BOYAmt
EOY$7,639,807EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,067,073BOYAmt
EOY$7,851,626EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,685,228ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,710OtherCostOrOtherBasisAmt
Book Value$3,710BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$15,682OtherCostOrOtherBasisAmt
Depreciation$15,682DepreciationAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,314,704OtherCostOrOtherBasisAmt
Depreciation$3,086,047DepreciationAmt
Book Value$1,228,657BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,232,367TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 3THE ORGANIZATION HAS CONTRACTED WITH H2O SERVICES INC. FOR DAY TO DAY MANAGEMENT SERVICES AND THE PROVISION OF OFFICE SPACE.
FORM 990, PAGE 6, PART VI, LINE 6MEMBERSHIPS ARE SOLD TO PERSONS OWNING PROPERTY OR PERSONS RESIDING IN THE WATER CORPORATION'S SERVICE AREA. EACH MEMBER IS ENTITLED TO PURCHASE POTABLE WATER FROM THE WATER SUPPLY CORPORATION. THERE IS ONLY ONE CLASS OF STOCK WHICH IS MEMBERSHIP AND NO DIVIDENDS ARE PERMITTED.
FORM 990, PAGE 6, PART VI, LINE 11BA COMPLETE COPY OF FORM 990 IS PROVIDED TO EACH BOARD MEMBER. REVIEW AND DISCUSSION OF FORM 990 IS PLACED ON THE AGENDA OF THE NEXT REGULAR MONTHLY BOARD MEETING. EACH BOARD MEETING IS OPEN TO THE PUBLIC AND PUBLIC NOTICE OF EACH BOARD MEETING IS MADE IN ACCORDANCE WITH TEXAS STATE LAW.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF ALL EMPLOYEES ANNUALLY. THE BOARD IS ELECTED BY THE MEMBERSHIP AND SERVES WITHOUT COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 15BTHE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF ALL EMPLOYEES ANNUALLY. THE BOARD IS ELECTED BY THE MEMBERSHIP AND SERVES WITHOUT COMPENSATION.
FORM 990, PAGE 6, PART VI, LINE 19IN ACCORDANCE WITH STATE LAW ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION DURING NORMAL BUSINESS HOURS AND DAYS.
FORM 990, PART IX, LINE 24EENGINEERING FEES 103,861 0 0 MAINTENANCE SERVICES 99,260 0 0 UTILITIES 95,425 0 0 INSPECTION FEES 43,325 0 0 POSTAGE/DELY 28,852 0 0 MILEAGE 7,783 0 0 DUES, FEES, LICENSES 6,508 0 0 BANK CHARGES 269 0 0 OFFICE SUPPLIES AND EXPEN 40 0 0 TOTAL 385,323 0 0

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