Durham Mutual Water Co Ltd
- Assets
- $167.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, CA
- Founding
- 01/1946
- Data as of
- 12/2021
- EIN
- 94-0443030
Organization Overview
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 12/2021, Durham Mutual Water Co Ltd generated $86.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $99.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE WATER ALLOCATIONS TO IRRIGATE APPROXIMATELY 2000 ACRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Terry President | 0 | $0 | |
Lloyd Boyer Director | 0 | $0 | |
Leah Parker Director | 0 | $0 | |
Kyle Dalrymple Treasurer | 0 | $0 | |
Lance E Haag Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $86,528 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $86,528 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,427 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $703 |
| Other expenses | $61,535 |
| Total expenses | $99,665 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,449 |
| Other assets | $0 |
| Total assets | $167,297 |
| Total liabilities | $1,054 |
| Net assets or fund balances | $166,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oildale Mutual Water Company Oildale, CA | $46,887,728 | $11,045,397 |
Yuma County Water Users Association Yuma, AZ | $40,568,423 | $9,585,922 |
Vaughn Water Co Inc Bakersfield, CA | $46,118,386 | $9,299,624 |
Bellflower-Somerset Mutual Water Company Bellflower, CA | $35,731,555 | $11,058,707 |
La Cumbre Mutual Water Co Santa Barbara, CA | $15,692,771 | $7,727,968 |
Utility Reform Network San Francisco, CA | $8,489,220 | $6,778,643 |
Consolidated Peoples Ditch Company Farmersville, CA | $10,865,739 | $2,504,184 |
Irvine Ranch Water District Water Service Corporation Irvine, CA | $4,965,094 | $10,970,156 |
Sunny Slope Water Company Pasadena, CA | $31,584,980 | $10,112,414 |
Lone Tree Mutual Water Company El Nido, CA | $7,991,525 | $5,694,903 |
Northern California Water Association Sacramento, CA | $3,814,985 | $5,360,961 |
Montebello Land & Water Company Montebello, CA | $27,602,664 | $6,771,352 |