Highlands Water Co
- Assets
- $8.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Clearlake, CA
- Founding
- 08/1951
- Data as of
- 12/2020
- EIN
- 94-0552103
Organization Overview
Highlands Water Co is located in Clearlake, CA. The organization was established in 1951. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2020, Highlands Water Co employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands Water Co 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 12/2020, Highlands Water Co generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $3.1m during the year ending 12/2020. While expenses have increased by 7.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER TO MEMBERS
WATER SERVICE TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Caots Secretary | OfficerTrustee | 0.75 | $0 |
John Eckhardy President | OfficerTrustee | 0.75 | $0 |
Kathryn Fitts Treasurer | OfficerTrustee | 0.75 | $0 |
Robert Kraft Director | Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,225,288 |
| Investment income | $47,105 |
| 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 | $3,272,393 |
| 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 | $1,159,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $111,468 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $233,475 |
| 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 | $5,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $468,963 |
| Insurance | $36,738 |
| All other expenses | $0 |
| Total functional expenses | $3,109,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $384,154 |
| Savings and temporary cash investments | $3,662,827 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $583,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,174 |
| Prepaid expenses and deferred charges | $23,085 |
| Net Land, buildings, and equipment | $4,078,759 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $71,556 |
| Total assets | $8,832,964 |
| Accounts payable and accrued expenses | $47,414 |
| 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 | $82,514 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $47,678 |
| Total liabilities | $177,606 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $132,600 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,522,758 |
| Total liabilities and net assets/fund balances | $8,832,964 |
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|---|---|---|
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Blachly-Lane County Cooperative Electric Association Eugene, OR | $33,526,638 | $15,080,085 |
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Wasco Electric Cooperative Inc The Dalles, OR | $33,431,100 | $13,089,823 |
Atascadero Mutual Water Co Atascadero, CA | $51,432,769 | $11,280,603 |
Beaumont Unified School District Public Facilities Corporation Beaumont, CA | $36,031,848 | $19,466,559 |
Columbia Basin Electric Cooperative Inc Heppner, OR | $26,244,275 | $10,397,548 |
Hood River Electric Cooperative Odell, OR | $17,097,516 | $11,050,044 |