New Ulm Water Supply Corporation

The New Ulm Water Supply Corporation is a mutual membership benefit organization located in Austin County, Texas. As of the latest available data, it is classified as a type of nonprofit that includes benevolent life insurance associations, irrigation companies, and telephone companies, which operate on a mutually beneficial basis[1].

Financial Overview

In 2023, the corporation reported a revenue of approximately $259,000 and expenses of around $267,000. Its total assets were valued at about $1.85 million, with liabilities totaling around $39,900[1]. In previous years, such as in 2022, the corporation's total assets were approximately $1.85 million, and liabilities were about $30,500[1].

Funding and Projects

The New Ulm Water Supply Corporation received significant financial assistance from the Texas Water Development Board in 2024. The board approved $1,895,000 for a wastewater treatment plant replacement project, consisting of $495,000 in financing and $1,400,000 in principal forgiveness from the Clean Water State Revolving Fund (CWSRF)[2]. This project involves the construction of an in-ground cast-in-place concrete wastewater treatment plant.

Water Quality

The corporation provides drinking water to approximately 492 residents, sourced from groundwater. Despite compliance with federal health-based drinking water standards, the Environmental Working Group (EWG) has reported the presence of contaminants such as arsenic and radium at levels exceeding certain health guidelines[3].

Governance

Key positions within the corporation are held by individuals who do not receive compensation for their roles. These include the president, vice president, secretary/treasurer, and directors[1]. Donations to this organization are not tax deductible[1].

Purpose and Members

As a mutual organization, it operates primarily for the benefit of its members, who are typically the consumers of its services. The corporation's main objective is to provide reliable and safe water and wastewater services to its community.

[1] https://projects.propublica.org/nonprofits/organizations/201164761 [2] https://texaswaternewsroom.org/pressreleases/2024-9-12_newulmwsc.html [3] https://www.ewg.org/tapwater/system.php?pws=TX0080014 [4] https://www.newulmmn.gov/333/Water [5] https://www.puc.texas.gov/WaterSearch/Utility?siteId=16778