Groom Creek Water Users Association
- Assets
- $1.8m
- Revenue
- $202.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Prescott, AZ
- Founding
- 12/2007
- Data as of
- 12/2023
- EIN
- 86-0356804
Organization Overview
Groom Creek Water Users Association is located in Prescott, AZ. The organization was established in 2007. 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. Groom Creek Water Users 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 12/2023, Groom Creek Water Users Association generated $202.0k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $173.7k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO DELIVER SAFE HIGH QUALITY DRINKING WATER AT A REASONABLE COST TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ABLE TO DELIVER HIGH QUALITY WATER SERVICES TO APPROXIMATELY 230 CUSTOMERS DURING THE YEAR 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karin Anderson Office/oper Mgr | Officer | 10 | $37,500 |
Steve Rex Secretary | OfficerTrustee | 2 | $0 |
Paul Williams Director | Trustee | 2 | $0 |
John Opitz Director | Trustee | 2 | $0 |
Mark Abbott Director | Trustee | 2 | $0 |
Richard Fite President | OfficerTrustee | 4 | $0 |
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 | $201,619 |
| Investment income | $271 |
| 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 | $202,025 |
| 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. | $37,500 |
| Compensation of current officers, directors, key employees. | $10,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $431 |
| Fees for services: Accounting | $11,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,112 |
| Advertising and promotion | $0 |
| Office expenses | $3,567 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210 |
| Interest | $12,410 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,873 |
| Insurance | $10,932 |
| All other expenses | $1,484 |
| Total functional expenses | $173,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,582 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,257 |
| 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 | $3,457 |
| Net Land, buildings, and equipment | $1,357,959 |
| Investments—publicly traded securities | $275,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,695 |
| Total assets | $1,761,723 |
| Accounts payable and accrued expenses | $16,609 |
| 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 | $244,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $54,658 |
| Total liabilities | $315,294 |
| Net assets without donor restrictions | $646,429 |
| Net assets with donor restrictions | $800,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,761,723 |