Eden Water Company
- Assets
- $266.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Eden, AZ
- Founding
- 07/1970
- Data as of
- 12/2023
- EIN
- 86-0224216
Organization Overview
Eden Water Company is located in Eden, AZ. The organization was established in 1970. 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 12/2023, Eden Water Company employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eden 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 12/2023, Eden Water Company generated $169.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $181.7k during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OUR PROGRAM SERVICE IS TO FURNISH POTABLE WATER TO OUR MEMBER/WATER USERS WHO OWN THE CORPORATION. EACH HOUSEHOLD HAS ONE MEMBERSHIP AND ONE VOTE FOR THE BOARD OF DIRECTORS. ALL MEMBERSHIP FEES ARE REFUNDABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay D Colvin President | 0.25 | $0 | |
Alvin Summers Secretary | 0.25 | $0 | |
Tom Colvin Director | 0.25 | $0 | |
Davis Stewart Member | 0.25 | $0 | |
Steve Marshall Member | 0.25 | $0 | |
Elmer Prophet Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $169,437 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $169,437 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,221 |
| Professional fees and other payments to independent contractors | $2,510 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $160,941 |
| Total expenses | $181,672 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,701 |
| Other assets | $0 |
| Total assets | $266,487 |
| Total liabilities | $79,494 |
| Net assets or fund balances | $186,993 |