Lincoln Culinary Water Corporation

Organization Overview

Lincoln Culinary Water Corporation is located in Tooele, UT. The organization was established in 1985. 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. Lincoln Culinary Water Corporation 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 12/2021, Lincoln Culinary Water Corporation generated $180.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $63.5k during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

NOT FOR PROFIT ENTERPRISE ORGANIZED FOR THE PURPOSE OF PROVIDING CULINARY WATER TO THE COMMUNITY OF LINCOLN UTAH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

1- THE CORPORATION ENGAGED IN SIGNIFICANT CAPITAL IMPROVEMENTS IN 2021 CONTRACTING, ENGINEERING AND BUILDING A NEW WELL. 2- THE CORPORATION TOOK ON ADDITIONAL DEBT SECURING A LOAN THROUGH US BANK (WIRE IN $1,417,282.36)) ASSETS AND LIABILITIES ADDED TO BALANCE SHEET 3- THE CORPORATION ALSO PAID DOWN PRINCIPLE ON OUTSTANDING LOANS 3F083 ($10,000 PRINCIPLE)


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Board, Officers & Key Employees

Name (title)Compensation
Staci Peterson
Secretary
$0
Andrew Boekweg
Vice President
$0
Shayne Robinson
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$180,335
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$180,335
Total Program Service Revenue$0
Investment income $135
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 $180,470

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