Arrowhead Beach Coop Water Assn
- Assets
- $1.2m
- Revenue
- $122.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Stanwood, WA
- Founding
- 09/1947
- Data as of
- 04/2022
- EIN
- 91-6033467
Organization Overview
Arrowhead Beach Coop Water Assn is located in Stanwood, WA. The organization was established in 1947. 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. Arrowhead Beach Coop Water Assn 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 04/2022, Arrowhead Beach Coop Water Assn generated $122.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $91.6k during the year ending 04/2022. While expenses have increased by 11.5% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT HOMEOWNERS DUES, UPHOLD THE CC&R'S. TO ACT AS A NON-PROFIT FOR THE BENEFIT OF OWNERS OF REAL PROPERTY WITHOUT LIMITING THE GENERALITY THEREOF, IN PARTICULAR, OWNERS OF LOTS. TO ACQUIRE, CONSTRUCT, MAINTAIN AND/OR OPERATE THE FOLLOWING NAMELY, (A) A DOMESTIC WATER SYSTEM AND DISTRIBUTE WATER THEREFROM TO MEMBERS OF THE SAID ASSOCIATION, (B) A PRIVATE WATER DISPOSAL SYSTEM TO DISPOSE OF WASTE FROM PROPERTY OWNED BY MEMBERS OF SAID ASSOCIATION; (C) A ROADWAY SYSTEM OF PRIVATE ROADWAYS WITHIN THE PLAT OF ARROWHEAD BEACH COOP WATER ASSOCIATION AND ADJACENT THERETO; (D) COMMUNITY BEACH AREAS AND COMMUNITY BEACH IMPROVEMENTS DEEDED OR TO BE SUBSEQUENTLY DEEDED TO THE ASSOCIATION. TO IMPOSE MAINTENANCE CHARGES AND HOOKUP CHARGES AND LEVY ASSESSMENTS TO BE COLLECTED AND USED IN FURTHERANCE OF THE PURPOSES OF THE ASSOCIATION IN THE MANNER AND IN THE AMOUNT AS MAY BE PROVIDED IN ITS BYLAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECT HOMEOWNERS DUES, MAINTAIN COMMON AREAS, UPHOLD THE CC&R'S
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Bono Secretary | Officer | 2 | $0 |
Angela Hinton Treasurer | Officer | 2 | $0 |
Mark Kraus President | Officer | 10 | $0 |
Gary Maxwell Vice Preside | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $91,250 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,135 |
| Total Program Service Revenue | $0 |
| Investment income | $76 |
| 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 | $122,211 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,453 |
| Fees for services: Legal | $740 |
| Fees for services: Accounting | $3,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,708 |
| Advertising and promotion | $0 |
| Office expenses | $675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,687 |
| Insurance | $4,860 |
| All other expenses | $1,480 |
| Total functional expenses | $91,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,080,749 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | -$242 |
| Other assets | $0 |
| Total assets | $1,223,077 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $949,591 |
| Other liabilities | $0 |
| Total liabilities | $949,591 |
| Net assets without donor restrictions | $0 |
| 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 | $273,486 |
| Total liabilities and net assets/fund balances | $1,223,077 |
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