Naselle Water Co
- Assets
- $1.2m
- Revenue
- $557.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Naselle, WA
- Founding
- 01/1961
- Data as of
- 12/2021
- EIN
- 91-0685191
Organization Overview
Naselle Water Co is located in Naselle, WA. The organization was established in 1961. 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 12/2021, Naselle Water Co employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naselle Water Co 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, Naselle Water Co generated $557.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $504.4k during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WATER SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICE TO 610 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Ruch Manager | Officer | 40 | $67,819 |
Dan Chadwick Secretary | OfficerTrustee | 0.5 | $0 |
Neil Hollo Treasurer | OfficerTrustee | 0.5 | $0 |
Dan Bohren Vice President | OfficerTrustee | 0.5 | $0 |
Jim Stackhouse President | OfficerTrustee | 0.5 | $0 |
Alan Bennett Trustee | Trustee | 0.5 | $0 |
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 | $543,373 |
| Investment income | $5,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$104 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,436 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $557,923 |
| 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. | $80,491 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,924 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,369 |
| Payroll taxes | $19,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,677 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,727 |
| Advertising and promotion | $0 |
| Office expenses | $5,248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,464 |
| Travel | $560 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,632 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,457 |
| Insurance | $10,171 |
| All other expenses | $15,868 |
| Total functional expenses | $504,357 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,560 |
| Savings and temporary cash investments | $205,216 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,421 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $69,970 |
| Prepaid expenses and deferred charges | $18,276 |
| Net Land, buildings, and equipment | $394,077 |
| Investments—publicly traded securities | $390,531 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,247,051 |
| Accounts payable and accrued expenses | $22,780 |
| Grants payable | $0 |
| Deferred revenue | $7,199 |
| 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 | $880,910 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $760 |
| Total liabilities | $911,649 |
| Net assets without donor restrictions | $335,402 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,247,051 |
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