Roosevelt Water Association Inc
- Assets
- $11.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Snohomish, WA
- Founding
- 06/1966
- Data as of
- 12/2021
- EIN
- 91-0790427
Organization Overview
Roosevelt Water Association Inc is located in Snohomish, WA. The organization was established in 1966. 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, Roosevelt Water Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt 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 12/2021, Roosevelt Water Association Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 10.4% 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
OPERATION, MAINTENANCE AND IMPROVEMENT OF A SYSTEM PROVIDING POTABLE WATER TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION, MAINTENANCE AND IMPROVEMENT OF A SYSTEM PROVIDING POTABLE WATER TO ITS MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janelle Macdicken Manager And Secretary | OfficerTrustee | 40 | $89,046 |
John Olsen President | OfficerTrustee | 1 | $0 |
Dwight Nelson Vice President | OfficerTrustee | 1 | $0 |
Orville Pearl Treasurer | OfficerTrustee | 1 | $0 |
Jim Mcdaniel Trustee | Trustee | 1 | $0 |
Jason Bowen Trustee | Trustee | 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 | $2,192,473 |
| Investment income | $28,479 |
| 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 | $2,220,952 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,336 |
| Pension plan accruals and contributions | $6,730 |
| Other employee benefits | $28,538 |
| Payroll taxes | $28,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $352 |
| Fees for services: Accounting | $10,099 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,987 |
| Advertising and promotion | $0 |
| Office expenses | $24,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,367 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $43,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $262,384 |
| Insurance | $14,847 |
| All other expenses | $5,592 |
| Total functional expenses | $1,130,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,916 |
| Savings and temporary cash investments | $2,391,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $216,170 |
| 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 | $12,993 |
| Net Land, buildings, and equipment | $7,855,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,220 |
| Total assets | $11,147,238 |
| Accounts payable and accrued expenses | $281,460 |
| 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 | $2,627,645 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,909,105 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $638,900 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,946,458 |
| Retained earnings, endowment, accumulated income, or other funds | $5,652,775 |
| Total liabilities and net assets/fund balances | $11,147,238 |
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