Fisherman Bay Water Association
- Assets
- $445.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lopez Island, WA
- Founding
- 06/1976
- Data as of
- 06/2021
- EIN
- 91-0901243
Organization Overview
Fisherman Bay Water Association is located in Lopez Island, WA. The organization was established in 1976. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fisherman Bay Water Association 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 06/2021, Fisherman Bay Water Association generated $67.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $95.0k during the year ending 06/2021. While expenses have increased by 5.4% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OPERATION OF WATER SYSTEM. THERE ARE 143 MEMBERS WITH MULTIPLE SHARES. THERE ARE 131 WATER USERS. TOTAL GALLONS THIS YEAR: 8,720,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Locke Chairman | 2 | $0 | |
Richard Cade System Mgrvice Chair | 15 | $0 | |
Jamie Stephens Member | 1 | $0 | |
Ken Aufderhar Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $67,317 |
| Membership dues | $0 |
| Investment income | $86 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,403 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10,847 |
| Occupancy, rent, utilities, and maintenance | $10,885 |
| Printing, publications, postage, and shipping | $540 |
| Other expenses | $72,703 |
| Total expenses | $94,975 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,942 |
| Other assets | $0 |
| Total assets | $445,445 |
| Total liabilities | $54,696 |
| Net assets or fund balances | $390,749 |
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