Cove Orchard Water Association
- Assets
- $325.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Yamhill, OR
- Founding
- 02/1997
- Data as of
- 06/2024
- EIN
- 93-0817750
Organization Overview
Cove Orchard Water Association is located in Yamhill, OR. The organization was established in 1997. 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. Cove Orchard 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 06/2024, Cove Orchard Water Association generated $115.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $86.3k during the year ending 06/2024. While expenses have increased by 0.8% 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
2024
Describe the Organization's Program Activity:
Part 3
TO MAINTAIN AND OPERATE WATER DISTRIBUTION SYSTEM FOR THE PURPOSE OF PROVIDING WATER TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Gephart President | 0.12 | $0 | |
Jason Kivett Vice Preside | 0.12 | $7,770 | |
Emily Thompson Secretary/tr | 0.12 | $0 | |
Verna O'loughlin Member | 0.12 | $0 | |
Sue Beard Member | 0.12 | $0 | |
Tristan Spurling Member | 0.12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $114,182 |
| Membership dues | $0 |
| Investment income | $277 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,106 |
| Total Revenue | $115,565 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $16,609 |
| Professional fees and other payments to independent contractors | $9,266 |
| Occupancy, rent, utilities, and maintenance | $7,721 |
| Printing, publications, postage, and shipping | $798 |
| Other expenses | $51,933 |
| Total expenses | $86,327 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $178,112 |
| Other assets | $0 |
| Total assets | $325,800 |
| Total liabilities | $5,202 |
| Net assets or fund balances | $320,598 |