North Key Largo Utility Corp

Organization Overview

North Key Largo Utility Corp is located in Key Largo, FL. The organization was established in 1995. 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. North Key Largo Utility Corp 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 12/2020, North Key Largo Utility Corp generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.4m during the year ending 12/2020. While expenses have increased by 3.2% per year over the past 6 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING WATER SERVICES FOR THE OCEAN REEF COMMUNITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMPANY OWNED, OPERATED AND MAINTAINED A WASTEWATER TREATMENT FACILITY FOR THE RESIDENTS AND BUSINESSES OF OCEAN REEF COMMUNITY AND OPERATED A REVERSE OSMOSIS IRRIGATION PLANT FOR THE BUSINESSES OF OCEAN REEF COMMUNITY DURING THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey Oeltjen
Vice President
$0
Genaro Iglesias
President
$0
Gregory Tindle
Vice President
$0
Juan Perez
Vice President
$0
Katarzyna Connolly
Treasurer
$0
Katherine Jackson
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $113,303
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$113,303
Total Program Service Revenue$3,272,755
Investment income $16,763
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 $0
Miscellaneous Revenue$0
Total Revenue $3,769,368

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