Totals
- Total revenue
- $1,357,825
- Total expenses
- $438,389
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,357,825
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,045,895
- Total liabilities, end of year
- $7,809
- Net assets or fund balances, end of year
- $1,038,086
- Program services expenses (Part IX)
- $429,388
- Management and general expenses
- $9,001
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $429,388
Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Water Services
total $1,357,825 · related or exempt $1,357,825
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $9,000 · management and general $9,000
-
23 · Insurance
total $304,487 · program services $304,487
-
24a · Other expenses: Engineering
total $12,600 · program services $12,600
-
24b · Other expenses: Copier
total $1 · management and general $1
-
24c · Other expenses: Pumping Costs
total $110,206 · program services $110,206
-
24e · All other expenses
total $2,095 · program services $2,095
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $380,370 · end of year $1,201,075
-
4 · Accounts receivable
beginning of year $1,163,850 · end of year -$155,180
-
17 · Accounts payable and accrued expenses
beginning of year $11,651 · end of year $7,809
-
27 · Net assets without donor restrictions
beginning of year $1,532,569 · end of year $1,038,086
Mission and programs · 2024
Mission
C-51 Reservoir Inc. develops and operates the C-51 Reservoir to expand regional water supply, support environmental protection, and provide alternative water sources for public utilities in Palm Beach County, Florida.
-
In 2024, C-51 Reservoir Inc. advanced the development and operation of the C-51 Reservoir to expand regional water supply, provide alternative water sources to public utilities, and support environmental protection in Palm Beach County, Florida. Key activities included advancing permitting and construction, conducting environmental studies, and coordinating with local governments and utilities on water delivery agreements. The reservoir captures excess stormwater to reduce harmful discharges and enhance regional water resilience. These efforts directly further the organizations exempt purpose of promoting sustainable water infrastructure and environmental stewardship. Program expenses totaled approximately $438,390.
Expenses $429,388 · Revenue $1,370,721
As filed on the 2024 return.
Listed in Part VII
-
Virginia Walsh
President
- Total calculated
- $0
- Hours/week
- 0
-
Alan Garcia
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Michael McElligott
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Michael McElligott
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Todd Hiteshew
Assistant Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Jeff Towen
Assistant Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Marta Reczko
Assistant Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Fernando Rodriguez
Assistant Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Renuka Mohammed
Assistant Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Rodrigo de Castro
Assistant Secretary
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 April 2026
- IRS schema version
- 2024v5.2
- Source object
- 202630929349300313
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