Chesapeake Ranch Water Co
- Assets
- $8.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 12
- Location
- Lusby, MD
- Founding
- 01/1993
- Data as of
- 06/2023
- EIN
- 52-0794026
Organization Overview
Chesapeake Ranch Water Co is located in Lusby, MD. The organization was established in 1993. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Chesapeake Ranch Water Co employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chesapeake Ranch 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 06/2023, Chesapeake Ranch Water Co generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.0m during the year ending 06/2023. While expenses have increased by 2.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CHESAPEAKE RANCH WATER COMPANY'S MISSION IS TO PROVIDE SAFE DRINKING WATER TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHESAPEAKE RANCH WATER COMPANY PROVIDED SAFE DRINKING WATER TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hanson General Manager | Officer | 40 | $128,402 |
Mike Brennan President | OfficerTrustee | 3 | $0 |
Charles Mahanes Vice President | OfficerTrustee | 1 | $0 |
John Benish Treasurer | OfficerTrustee | 1 | $0 |
Robert Biersner Secretary | OfficerTrustee | 1 | $0 |
Mark Baird Treasurer | Trustee | 1 | $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 | $1,790,267 |
| Investment income | $49,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,957 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,859,618 |
| 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. | $133,774 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $359,771 |
| Pension plan accruals and contributions | $73,589 |
| Other employee benefits | $86,424 |
| Payroll taxes | $57,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,700 |
| Fees for services: Accounting | $29,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,101 |
| Fees for services: Other | $2,740 |
| Advertising and promotion | $0 |
| Office expenses | $165,815 |
| Information technology | $25,208 |
| Royalties | $0 |
| Occupancy | $36,541 |
| Travel | $9,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $725 |
| Interest | $62,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $402,960 |
| Insurance | $69,975 |
| All other expenses | $0 |
| Total functional expenses | $1,969,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,550 |
| Savings and temporary cash investments | $29,615 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $353,433 |
| 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 | $17,245 |
| Net Land, buildings, and equipment | $6,034,660 |
| Investments—publicly traded securities | $1,735,589 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,500 |
| Total assets | $8,310,592 |
| Accounts payable and accrued expenses | $226,639 |
| Grants payable | $0 |
| Deferred revenue | $19,266 |
| 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 | $1,371,569 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,617,474 |
| Net assets without donor restrictions | $6,693,118 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,310,592 |