Chesapeake Ranch Water Co

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.

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)Compensation
George Hanson
General Manager
$128,402
Mike Brennan
President
$0
Charles Mahanes
Vice President
$0
John Benish
Treasurer
$0
Robert Biersner
Secretary
$0
Mark Baird
Treasurer
$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

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