Seven Lakes Water Assoc

Organization Overview

Seven Lakes Water Assoc is located in Stanwood, WA. The organization was established in 1992. 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 08/2023, Seven Lakes Water Assoc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seven Lakes Water Assoc 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 08/2023, Seven Lakes Water Assoc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $973.3k during the year ending 08/2023. While expenses have increased by 6.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE WATER TO RURAL AREAS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ASSOCIATION PROVIDES WATER AND RELATED SERVICES TO APPROXIMATELY 2,200 MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Bryan Gregory
Trustee
$0
Bruce Holen
President
$0
Keith Krueger
Vice President
$0
Karri Chase
Prior Treasurer
$0
Marc Lebeau
Secretary
$0
Mary Jo Lake
Trustee
$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$1,140,453
Investment income $13,678
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 $1,156,569

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