Erda Acres Water Company
- Assets
- $2.4m
- Revenue
- $412.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tooele, UT
- Founding
- Data as of
- 09/2021
- EIN
- 87-0550861
Organization Overview
Erda Acres Water Company is located in Tooele, UT. Erda Acres 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 09/2021, Erda Acres Water Company generated $412.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $322.4k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 years. 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
PROVIDE CULINARY WATER TO ITS SHAREHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVENUE WAS RECEIVED FROM WATER CHARGES, CONTRIBUTED SERVICES, AND GRANTS. EXPENSES ARE INCURRED IN THE OPERATION OF THE WATER SYSTEM TO PROVIDE CULINARY WATER TO ITS SHAREHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Isom President | Officer | 2 | $18,000 |
Blanche Smith Treasurer | Officer | 5 | $16,535 |
Rob Adams Vice President | Officer | 2 | $660 |
Brian Townley Board Member | Officer | 0 | $660 |
Larry Brown Board Member | Officer | 0 | $660 |
Michael Webb Secretary | Officer | 0 | $660 |
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 | $412,390 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $412,390 |
| Total Program Service Revenue | $0 |
| Investment income | $68 |
| 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 | $412,458 |
| 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 | $39,375 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,233 |
| Fees for services: Accounting | $2,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,753 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $71,608 |
| Insurance | $6,298 |
| All other expenses | $9,467 |
| Total functional expenses | $322,434 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,584 |
| Savings and temporary cash investments | $208,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,392 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,958,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,393,927 |
| Accounts payable and accrued expenses | $0 |
| 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 | $696,110 |
| Other liabilities | $0 |
| Total liabilities | $696,110 |
| Net assets without donor restrictions | $1,592,718 |
| Net assets with donor restrictions | $105,099 |
| 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 | $2,393,927 |
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