Consolidated Mutual Water Company
- Assets
- $233.0m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 98
- Location
- Lakewood, CO
- Founding
- 01/1959
- Data as of
- 01/2024
- EIN
- 84-0177040
Organization Overview
Consolidated Mutual Water Company is located in Lakewood, CO. The organization was established in 1959. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 01/2024, Consolidated Mutual Water Company employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consolidated 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 01/2024, Consolidated Mutual Water Company generated $16.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $16.8m during the year ending 01/2024. While expenses have increased by 3.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
DOMESTIC WATER SUPPLY & DISTRIBUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Murray Director | Trustee | 1 | $9,900 |
Donald E Clark Director | Trustee | 1 | $10,600 |
William J Farrell Director | Trustee | 1 | $10,600 |
Thomas W Ten Eyck Jr Director/chairman | Trustee | 1 | $10,600 |
John Boyle Director | Trustee | 1 | $10,600 |
Kevin Mccasky President | Officer | 40 | $229,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,276,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,648 |
| Net Gain/Loss on Asset Sales | -$147,770 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,346,440 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,554,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $770,770 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,431,310 |
| Pension plan accruals and contributions | $683,478 |
| Other employee benefits | $857,047 |
| Payroll taxes | $518,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,082 |
| Fees for services: Accounting | $65,274 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,641 |
| Advertising and promotion | $0 |
| Office expenses | $515,578 |
| Information technology | $249,600 |
| Royalties | $0 |
| Occupancy | $145,161 |
| Travel | $143,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,026 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,195,746 |
| Insurance | $333,100 |
| All other expenses | -$1,977,317 |
| Total functional expenses | $16,754,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,778,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,457,509 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $822,871 |
| Prepaid expenses and deferred charges | $2,053,758 |
| Net Land, buildings, and equipment | $189,719,000 |
| Investments—publicly traded securities | $2,251,786 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,906,806 |
| Total assets | $232,989,733 |
| Accounts payable and accrued expenses | $1,453,225 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,052,748 |
| Total liabilities | $4,505,973 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $126,748,945 |
| Paid-in or capital surplus, or land, building, or equipment fund | $53,558,321 |
| Retained earnings, endowment, accumulated income, or other funds | $48,176,494 |
| Total liabilities and net assets/fund balances | $232,989,733 |