Yarnell Water Improvement Association
- Assets
- $2.6m
- Revenue
- $535.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Yarnell, AZ
- Founding
- 01/1975
- Data as of
- 12/2021
- EIN
- 86-0289720
Organization Overview
Yarnell Water Improvement Association is located in Yarnell, AZ. The organization was established in 1975. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yarnell Water Improvement 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 12/2021, Yarnell Water Improvement Association generated $535.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $542.7k during the year ending 12/2021. While expenses have increased by 5.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND OPERATE A WATER DISTRIBUTION SYSTEM TO ITS MEMBERS LOCATED WITHIN ITS SERVICE BOUNDARIES OF PEEPLES VALLEY, AZ, GLEN ILAH, YAVAPAI COUNTY, AND YARNELL, ARIZONA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED WATER SERVICE TO APPROXIMATELY 500 MEMBERS/CUSTOMERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kremer VP Treasurer | Officer | 12 | $0 |
Jerry A Postema Chief Operating Officer | Officer | 12 | $0 |
Tim O'day Secretary | Officer | 3 | $0 |
Terri Denemy President | Officer | 5 | $0 |
Emad Mohit Director | Trustee | 3 | $0 |
Claude Mattox Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,081 |
| 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 | $186,081 |
| Total Program Service Revenue | $333,782 |
| Investment income | $25 |
| 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 | $535,237 |
| 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. | $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 | $173,105 |
| Fees for services: Legal | $452 |
| Fees for services: Accounting | $7,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,333 |
| 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 | $13,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,547 |
| Insurance | $14,549 |
| All other expenses | $8,078 |
| Total functional expenses | $542,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,984 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,514 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,696 |
| Prepaid expenses and deferred charges | $8,473 |
| Net Land, buildings, and equipment | $2,108,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $59,355 |
| Other assets | $0 |
| Total assets | $2,553,972 |
| Accounts payable and accrued expenses | $13,202 |
| 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 | $623,464 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,528,558 |
| Total liabilities | $2,165,224 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $388,748 |
| Total liabilities and net assets/fund balances | $2,553,972 |
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