Gardnerville Water Co
- Assets
- $19.0m
- Revenue
- $2.0m
- Investments
- $948.4k
- Employees
- 13
- Location
- Gardnerville, NV
- Founding
- 09/1986
- Data as of
- 12/2022
- 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 12/2022, Gardnerville Water Co employed 13 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 12/2022, Gardnerville Water Co generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 8 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
2022
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 |
|---|---|---|---|
Mark Lovelady Manager | Officer | 40 | $101,598 |
Kristien Bennett Financial Officer & Hr | Officer | 40 | $87,337 |
Kenneth Deering Member-At-Large | Trustee | 6 | $6,600 |
David Ellison Chairman | Trustee | 8 | $6,000 |
Douglas Sonnemann Vice Chairman | Trustee | 6 | $6,000 |
Barbara Henningsen Secretary | Trustee | 6 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackhawk Painting Inc Contractor | 12/30/20 | $95,306 |
E Squared C It Service | 12/30/20 | $25,124 |
Minden Lawyers Llc Legal | 12/30/20 | $13,987 |
Artistic Fence Company Contractor | 12/30/20 | $12,209 |
Aqua Hydrogeologic Consulting Contractor | 12/30/20 | $56,520 |
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 | $1,879,652 |
| Investment income | $83,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,440 |
| 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 | $1,972,417 |
| 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. | $219,535 |
| Compensation of current officers, directors, key employees. | $219,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,040 |
| Pension plan accruals and contributions | $13,864 |
| Other employee benefits | $124,889 |
| Payroll taxes | $49,868 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,481 |
| Fees for services: Accounting | $6,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,064 |
| 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 | $486,611 |
| Insurance | $19,059 |
| All other expenses | $117,866 |
| Total functional expenses | $1,719,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,056 |
| Savings and temporary cash investments | $4,222,138 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $159,450 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $115,843 |
| Prepaid expenses and deferred charges | $40,219 |
| Net Land, buildings, and equipment | $13,331,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $948,439 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,199 |
| Total assets | $19,036,916 |
| Accounts payable and accrued expenses | $131,833 |
| 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 | $5,922 |
| Total liabilities | $137,755 |
| 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 | $14,273,206 |
| Retained earnings, endowment, accumulated income, or other funds | $4,625,955 |
| Total liabilities and net assets/fund balances | $19,036,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Electric Co-Op Inc Heyburn, ID | $23,389,299 | $19,882,483 |
Calif Domestic Water Co Whittier, CA | $75,395,636 | $19,759,648 |
Douglas Electric Cooperative Inc Roseburg, OR | $72,257,465 | $22,631,556 |
Harney Electric Cooperative Inc Hines, OR | $32,154,008 | $16,091,631 |
Anza Electric Cooperative Inc Anza, CA | $42,427,529 | $15,782,046 |
Surprise Valley Electrification Corp Alturas, CA | $56,558,515 | $15,431,863 |
Blachly-Lane County Cooperative Electric Association Eugene, OR | $33,526,638 | $15,080,085 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Wasco Electric Cooperative Inc The Dalles, OR | $33,431,100 | $13,089,823 |
Atascadero Mutual Water Co Atascadero, CA | $51,432,769 | $11,280,603 |
Beaumont Unified School District Public Facilities Corporation Beaumont, CA | $36,031,848 | $19,466,559 |
Columbia Basin Electric Cooperative Inc Heppner, OR | $26,244,275 | $10,397,548 |