Gardnerville Water Co
- Assets
- $18.9m
- Revenue
- $1.7m
- Investments
- $725.9k
- Employees
- 14
- Location
- Gardnerville, NV
- Founding
- 09/1986
- Data as of
- 12/2023
- EIN
- 88-0142280
Organization Overview
Gardnerville Water Co is located in Gardnerville, NV. The organization was established in 1986. 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, Gardnerville Water Co employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gardnerville Water Co is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Gardnerville Water Co generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 4.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER SERVICE TO THE RESIDENTS AND BUSINESSES OF THE TOWN OF GARDNERVILLE. THIS SERVICE IS NOT PROVIDED BY A STATE OR LOCAL GOVERNMENT AGENCY OR ANY OTHER UTILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WATER SERVICE TO THE RESIDENTS AND BUSINESSES OF THE TOWN OF GARDNERVILLE, NEVADA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Ellison Chairman | Trustee | 8 | $7,150 |
Douglas Sonnemann Vice Chairman | Trustee | 6 | $6,600 |
Barbara Henningsen Secretary | Trustee | 6 | $6,600 |
Carl Spahr Treasurer | Trustee | 6 | $6,600 |
Kenneth Deering Member-At-Large | Trustee | 6 | $6,650 |
Mark Lovelady Manager | Officer | 40 | $114,824 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackhawk Painting Inc Contractor | 12/30/20 | $95,306 |
Aqua Hydrogeologic Consulting Contractor | 12/30/20 | $56,520 |
Artistic Fence Company Contractor | 12/30/20 | $12,209 |
Minden Lawyers Llc Legal | 12/30/20 | $13,987 |
E Squared C It Service | 12/30/20 | $25,124 |
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 | $1,611,279 |
| Investment income | $97,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,440 |
| Net Gain/Loss on Asset Sales | -$31,507 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,686,254 |
| 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. | $247,962 |
| Compensation of current officers, directors, key employees. | $247,962 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $374,377 |
| Pension plan accruals and contributions | $16,535 |
| Other employee benefits | $125,574 |
| Payroll taxes | $53,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,099 |
| Fees for services: Accounting | $6,000 |
| 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 | $20,318 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $484,132 |
| Insurance | $21,871 |
| All other expenses | $96,672 |
| Total functional expenses | $1,734,882 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,414 |
| Savings and temporary cash investments | $2,614,569 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $219,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $119,634 |
| Prepaid expenses and deferred charges | $36,236 |
| Net Land, buildings, and equipment | $15,014,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $725,886 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,110 |
| Total assets | $18,925,822 |
| Accounts payable and accrued expenses | $56,558 |
| 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 | $0 |
| Other liabilities | $18,731 |
| Total liabilities | $75,289 |
| 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 | $14,477,639 |
| Retained earnings, endowment, accumulated income, or other funds | $4,372,894 |
| Total liabilities and net assets/fund balances | $18,925,822 |