Hoytsville Water-Pipe Company
- Assets
- $484.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coalville, UT
- Founding
- 04/1934
- Data as of
- 12/2021
- EIN
- 87-6124605
Organization Overview
Hoytsville Water-Pipe Company is located in Coalville, UT. The organization was established in 1934. 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. Hoytsville Water-Pipe 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 12/2021, Hoytsville Water-Pipe Company generated $119.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $128.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
WATER SERVICES TO APPROXIMATELY 175 SHAREHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Larsen Secretary | 5 | $0 | |
Kent Pace Director | 5 | $0 | |
Miles Evans President | 5 | $0 | |
Carsten Mortensen Treasurer | 5 | $0 | |
David Judd Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $119,745 |
| Investment income | $91 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,836 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $54,948 |
| Occupancy, rent, utilities, and maintenance | $2,450 |
| Printing, publications, postage, and shipping | $1,217 |
| Other expenses | $70,324 |
| Total expenses | $128,939 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $213,406 |
| Other assets | $0 |
| Total assets | $484,137 |
| Total liabilities | $10,107 |
| Net assets or fund balances | $474,030 |
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