Three Lakes Water Association Inc
- Assets
- $5.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Snohomish, WA
- Founding
- 12/1984
- Data as of
- 06/2024
- EIN
- 91-0790366
Organization Overview
Three Lakes Water Association Inc is located in Snohomish, WA. The organization was established in 1984. 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 06/2024, Three Lakes Water Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Lakes Water Association Inc 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 06/2024, Three Lakes Water Association Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. While expenses have increased by 6.3% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROTECT THE HEALTH OF THE PUBLIC BY ENSURING SAFE AND RELIABLE DRINKING WATER AT THE LOWEST POSSIBLE COST TO THE MEMBERSHIP IN A RESPONSIBLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESFULLY PROVIDED OPERATIONS, MAINTENANCE AND IMPROVEMENT OF THE SYSTEM PROVIDING POTABLE WATER TO MEMBERS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Kemmis General Manager And Treasurer | OfficerTrustee | 40 | $143,828 |
Yvonne Craig Director | Trustee | 1 | $0 |
Heidi Mann Director | Trustee | 1 | $0 |
Raymond Cox Director | Trustee | 1 | $0 |
Marek Jedrzejewicz President | OfficerTrustee | 1 | $0 |
Terra Nicolle Secretary | OfficerTrustee | 1 | $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 | $1,035,587 |
| Investment income | $7,335 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,042,922 |
| 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. | $143,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,516 |
| Payroll taxes | $34,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $759 |
| Fees for services: Accounting | $13,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,049 |
| Advertising and promotion | $0 |
| Office expenses | $8,148 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,380 |
| Travel | $2,002 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $794 |
| Interest | $23,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,115 |
| Insurance | $18,251 |
| All other expenses | $24,473 |
| Total functional expenses | $1,075,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $565,053 |
| Savings and temporary cash investments | $543,380 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $154,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,972,402 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,403,895 |
| Total assets | $5,639,298 |
| Accounts payable and accrued expenses | $4,705 |
| 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 | $1,523,413 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,528,118 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $280,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $597,664 |
| Retained earnings, endowment, accumulated income, or other funds | $3,232,716 |
| Total liabilities and net assets/fund balances | $5,639,298 |