Jam Mutual Water Co
- Assets
- $647.0k
- Revenue
- $232.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Ventura, CA
- Founding
- 11/1977
- Data as of
- 12/2022
- EIN
- 23-7405977
Organization Overview
Jam Mutual Water Co is located in Ventura, CA. The organization was established in 1977. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jam Mutual Water Co is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Jam Mutual Water Co generated $232.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $234.4k during the year ending 12/2022. While expenses have increased by 20.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S SOLE ACTIVITY IS PUMPING OF WATER TO OWNER-MEMBER'S FARMLAND- CONTIGUOUS LAND PARCELS FORMERLY ONE FARM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S SOLE ACTIVITY IS PUMPING OF WATER TO OWNER-MEMBER'S FARMLAND- CONTIGUOUS LAND PARCELS FORMERLY ONE FARM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Mcgrath President | Officer | 5 | $0 |
Terry Aggeler CEO | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $42 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $232,215 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,681 |
| Insurance | $0 |
| All other expenses | $4,167 |
| Total functional expenses | $234,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,887 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,020 |
| Net Land, buildings, and equipment | $13,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $646,959 |
| Accounts payable and accrued expenses | $142,603 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $142,603 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $49,314 |
| Paid-in or capital surplus, or land, building, or equipment fund | $30,197 |
| Retained earnings, endowment, accumulated income, or other funds | $424,845 |
| Total liabilities and net assets/fund balances | $646,959 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mohave Electric Cooperative Inc Bullhead City, AZ | $252,184,313 | $80,080,972 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Navopache Electric Cooperative Incorporated Lakeside, AZ | $154,873,942 | $59,797,465 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |
Mt Wheeler Power Inc Ely, NV | $62,442,226 | $39,954,685 |
Midstate Electric Cooperative Inc La Pine, OR | $76,704,845 | $36,643,813 |
Salem Electric Salem, OR | $70,962,090 | $31,105,436 |
Plumas-Sierra Rural Electric Cooperative Inc Portola, CA | $104,014,958 | $28,694,760 |
Lane Electric Cooperative Inc Eugene, OR | $79,862,417 | $28,132,650 |