Petes Mountain Water Company
- Assets
- $1.2m
- Revenue
- $166.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, OR
- Founding
- 08/2017
- Data as of
- 06/2020
- EIN
- 82-0927044
Organization Overview
Petes Mountain Water Company is located in Durham, OR. The organization was established in 2017. 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. Petes Mountain 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 06/2020, Petes Mountain Water Company generated $166.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $124.5k during the year ending 06/2020. While expenses have increased by 29.2% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
100% OF ACTIVITY IS TO ACQUIRE (DONE 11-1-2017)AND OPERATE (ONGOING) A PRIVATE WATER COMPANY FOR THE BENEFIT OF THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE AND IMPROVED WATER COMPANY OPERATIONS TO ALL MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Pollack President | Officer | 10 | $0 |
Ken Roberts Vice President | Officer | 10 | $0 |
Jim Battan Secretary | Officer | 10 | $0 |
Bruce R Tabor Treasurer | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,454 |
| Investment income | $0 |
| 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 | $166,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,934 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $135 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,975 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,346 |
| Insurance | $3,279 |
| All other expenses | $0 |
| Total functional expenses | $124,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,394 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,006 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $270,358 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,167,689 |
| Accounts payable and accrued expenses | $1,859 |
| Grants payable | $0 |
| Deferred revenue | $751 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $85,275 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $983,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,026 |
| Total liabilities | $989,636 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $113,569 |
| Total liabilities and net assets/fund balances | $178,053 |
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|---|---|---|
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California Rural Water Rma Sacramento, CA | $496,053 | $1,637,541 |
California Carbon Capture Coalition San Rafael, CA | $0 | $525,296 |
Howell Mountain Mutual Water Company Angwin, CA | $2,512,114 | $706,971 |
Rochester Water Association Rochester, WA | $1,363,067 | $644,458 |
Twin Lakes Canal Co Weston, ID | $9,845,222 | $667,778 |
Little Potato Slough Mutual Water Company Lodi, CA | $658,705 | $587,385 |
Barlow Water District Tygh Valley, OR | $2,492,884 | $420,965 |
Santa Cruz Summit West Inc Los Gatos, CA | $256,457 | $436,619 |