Arenas Valley Water Development Association
- Assets
- $1.9m
- Revenue
- $477.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Silver City, NM
- Founding
- 10/1992
- Data as of
- 06/2022
- EIN
- 85-0283278
Organization Overview
Arenas Valley Water Development Association is located in Silver City, NM. The organization was established in 1992. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Arenas Valley Water Development Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arenas Valley Water Development Association 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 06/2022, Arenas Valley Water Development Association generated $477.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $559.3k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER TO THE RESIDENTS OF ARENAS VALLEY, NM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CURRENTLY SERVICES 493 MEMBERS WITH WATER. NEW MEMBERS PAY A MEMBERSHIP/CONNECTION FEE. MONTHLY CHARGES FOR THE WATER ARE ASSESSED TO COVER THE COST OF THE WATER SERVICE TO THEIR RESIDENCE OR BUSINESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Dubiskas Office Manager | Officer | 40 | $30,177 |
Ronald Belanger President | OfficerTrustee | 2 | $0 |
Jack Isbell Vice-President | OfficerTrustee | 2 | $0 |
C Jay Wysong Sec/treas | OfficerTrustee | 4 | $0 |
Luis Terrazas Member | Trustee | 2 | $0 |
Gilbert Barrios Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $4,875 |
| 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 | $477,153 |
| 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 | $74,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,257 |
| Payroll taxes | $6,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,888 |
| Advertising and promotion | $289 |
| Office expenses | $10,997 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,595 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $61,374 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,890 |
| All other expenses | $0 |
| Total functional expenses | $559,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,874 |
| Savings and temporary cash investments | $515,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,397 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,595 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,333 |
| Total assets | $1,902,342 |
| Accounts payable and accrued expenses | $42,552 |
| 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 | $0 |
| Total liabilities | $42,552 |
| Net assets without donor restrictions | $1,859,790 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,859,790 |