Mustang Springs Mutual Water Company
- Assets
- $178.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Paso Robles, CA
- Founding
- 03/2007
- Data as of
- 12/2021
- EIN
- 77-0524450
Organization Overview
Mustang Springs Mutual Water Company is located in Paso Robles, CA. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustang Springs Mutual Water Company 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, Mustang Springs Mutual Water Company generated $56.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $102.8k during the year ending 12/2021. 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 CORPORATION IS FORMED AS A MUTUAL WATER COMPANY, AND WILL PROVIDE WATER TO ALL OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Powell President | 0 | $0 | |
Brent Poppen Secretary | 0 | $0 | |
Gary Robertson-Garold Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $56,934 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,934 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,234 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $58 |
| Other expenses | $96,530 |
| Total expenses | $102,822 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,856 |
| Other assets | $0 |
| Total assets | $178,890 |
| Total liabilities | $0 |
| Net assets or fund balances | $178,890 |
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