Durham Mutual Water Co Ltd is located in Durham, CA. The organization was established in 1946. 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. Durham Mutual Water Co Ltd 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, Durham Mutual Water Co Ltd generated $89.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $83.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 9 years. 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
PROVIDE WATER ALLOCATIONS TO IRRIGATE APPROXIMATELY 2000 ACRES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steve Terry President | 0 | $0 | |
Joe Walters Director | 0 | $0 | |
Leah Parker Director | 0 | $0 | |
Kyle Dalrymple Treasurer | 0 | $0 | |
Sean Aschenbrener Secretary | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $89,906 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $89,906 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $32,527 |
Professional fees and other payments to independent contractors | $1,444 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $49,063 |
Total expenses | $83,034 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $53,649 |
Other assets | $0 |
Total assets | $166,874 |
Total liabilities | $634 |
Net assets or fund balances | $166,240 |