Mountain View-Edgewood Water Company
- Assets
- $24.3m
- Revenue
- $2.7m
- Investments
- $7.8m
- Employees
- 11
- Location
- Edgewood, WA
- Founding
- 05/1932
- Data as of
- 12/2023
- EIN
- 91-0328670
Organization Overview
Mountain View-Edgewood Water Company is located in Edgewood, WA. The organization was established in 1932. 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, Mountain View-Edgewood Water Company employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain View-Edgewood 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 12/2023, Mountain View-Edgewood Water Company generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 5.2% 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 CUSTOMERS WITHIN THE MOUNTAIN VIEW-EDGEWOOD SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SERVICE PROVIDED TO 3,860 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Ellison Treasurer | OfficerTrustee | 1 | $5,100 |
Michael Stacey Director | Trustee | 1 | $4,150 |
Mark Creley Director | Trustee | 1 | $3,425 |
Loren Pease Vice-President | OfficerTrustee | 1 | $4,025 |
Robert K Hall Director | Trustee | 1 | $4,050 |
James Hushagen Secretary | OfficerTrustee | 1 | $12,113 |
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 | $2,294,452 |
| Investment income | $190,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,765 |
| Net Gain/Loss on Asset Sales | $14,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,654,372 |
| 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. | $238,061 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $613,666 |
| Pension plan accruals and contributions | $59,358 |
| Other employee benefits | $181,663 |
| Payroll taxes | $86,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,063 |
| Fees for services: Accounting | $20,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,414 |
| Advertising and promotion | $4,082 |
| Office expenses | $37,249 |
| Information technology | $224 |
| Royalties | $0 |
| Occupancy | $7,731 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $508 |
| Interest | $0 |
| Payments to affiliates | $5,393 |
| Depreciation, depletion, and amortization | $699,104 |
| Insurance | $30,528 |
| All other expenses | $2,056 |
| Total functional expenses | $2,522,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $496,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $101,147 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $108,293 |
| Prepaid expenses and deferred charges | $18,967 |
| Net Land, buildings, and equipment | $15,744,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,801,706 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,541 |
| Total assets | $24,288,618 |
| Accounts payable and accrued expenses | $212,891 |
| 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 | $130,024 |
| Total liabilities | $342,915 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $11,320,608 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,541,767 |
| Retained earnings, endowment, accumulated income, or other funds | $9,083,328 |
| Total liabilities and net assets/fund balances | $24,288,618 |