Santa Teresa Meadows Water Company Inc
- Assets
- $55.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- East Garrison, CA
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 77-0463547
Organization Overview
Santa Teresa Meadows Water Company Inc is located in East Garrison, CA. The organization was established in 1997. 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 the central organization for a national or regional group of organizations. Santa Teresa Meadows Water Company Inc 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, Santa Teresa Meadows Water Company Inc generated $55.4k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $53.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS ESTABLISHED TO DEVELOP AND MAINTAIN MUTUAL WATER SYSTEM FACILITIES TO DISTRIBUTE, SUPPLY, AND DELIVER WELL WATER FOR THE PURPOSES OF DOMESTIC, MUNICIPAL, AND IRRIGATION USES. THE ORGANIZATION SUPPORTS ONLY ITS MEMBERS, WHO PAY ASSESSEMENTS TO COVER THE COST OF MAINTENANCE OF THE FACILITIES, AS WELL AS ANY UTILITY CHARGES AND TAXES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ami Brown Vice President | 1 | $0 | |
Robert Pearman Secretary | 3 | $0 | |
Kelly Reed President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,351 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $55,351 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,800 |
| Professional fees and other payments to independent contractors | $2,520 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,817 |
| Total expenses | $53,137 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,473 |
| Other assets | $0 |
| Total assets | $55,009 |
| Total liabilities | $773 |
| Net assets or fund balances | $54,236 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oildale Mutual Water Company Oildale, CA | $46,887,728 | $11,045,397 |
Yuma County Water Users Association Yuma, AZ | $40,568,423 | $9,585,922 |
Vaughn Water Co Inc Bakersfield, CA | $46,118,386 | $9,299,624 |
Bellflower-Somerset Mutual Water Company Bellflower, CA | $35,731,555 | $11,058,707 |
La Cumbre Mutual Water Co Santa Barbara, CA | $15,692,771 | $7,727,968 |
Utility Reform Network San Francisco, CA | $8,489,220 | $6,778,643 |
Consolidated Peoples Ditch Company Farmersville, CA | $10,865,739 | $2,504,184 |
Irvine Ranch Water District Water Service Corporation Irvine, CA | $4,965,094 | $10,970,156 |
Sunny Slope Water Company Pasadena, CA | $31,584,980 | $10,112,414 |
Lone Tree Mutual Water Company El Nido, CA | $7,991,525 | $5,694,903 |
Northern California Water Association Sacramento, CA | $3,814,985 | $5,360,961 |
Montebello Land & Water Company Montebello, CA | $27,602,664 | $6,771,352 |