Eastmont Water Company
- Assets
- $313.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boring, OR
- Founding
- 07/1978
- Data as of
- 12/2023
- EIN
- 93-0565413
Organization Overview
Eastmont Water Company is located in Boring, OR. The organization was established in 1978. 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. Eastmont Water Company 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 12/2023, Eastmont Water Company generated $90.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $79.6k during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
OPERATED A WATER SUPPLY AND DISTRIBUTION SYSTEM FOR THE BENEFIT OF 112 SINGLE FAMILY RESIDENTIAL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Degner President | 1 | $0 | |
Tom Kent Vice President | 1 | $0 | |
Charles Meservy Secretary/treasurer | 1 | $0 | |
David Zimmerman Board Member | 1 | $0 | |
Kim Inhoff Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $84,705 |
| Membership dues | $0 |
| Investment income | $5,599 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,592 |
| Professional fees and other payments to independent contractors | $2,135 |
| Occupancy, rent, utilities, and maintenance | $27,721 |
| Printing, publications, postage, and shipping | $776 |
| Other expenses | $37,366 |
| Total expenses | $79,590 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $186,923 |
| Other assets | $0 |
| Total assets | $313,701 |
| Total liabilities | $1,697 |
| Net assets or fund balances | $312,004 |