Squaw Valley Mutual Water Company is located in Olympic Valley, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Squaw Valley Mutual 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 06/2021, Squaw Valley Mutual Water Company generated $527.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $535.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLEAN SAFE WATER TO THE HOMEOWNERS OF THE SQUAW VALLEY MUTUAL WATER COMPANY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SVMWC PROVIDES WATER SERVICE TO 281 MEMBERS IN THE OLYMPIC VALLEY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Stepner President | Officer | 0 | $0 |
Richard Koffler Treasurer | Officer | 0 | $0 |
Alex Litner Vice President | Officer | 0 | $0 |
Ann Thys Secretary | Officer | 0 | $0 |
Steven Lucas Director | Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aspen Developers Corp Construct Water Line | 6/29/18 | $382,537 |
Squaw Valley Public Service District Administration | 6/29/18 | $100,332 |
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 | $525,520 |
Investment income | $417 |
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 | $527,116 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $116,640 |
Fees for services: Legal | $6,554 |
Fees for services: Accounting | $8,592 |
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 | $290 |
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 | $120,084 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $186,970 |
Insurance | $6,723 |
All other expenses | $22,433 |
Total functional expenses | $535,926 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $457,247 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $18,384 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $26,905 |
Prepaid expenses and deferred charges | $1,817 |
Net Land, buildings, and equipment | $5,104,853 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $174,218 |
Total assets | $5,783,424 |
Accounts payable and accrued expenses | $41,636 |
Grants payable | $0 |
Deferred revenue | $66,201 |
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 | $3,472,168 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,700 |
Total liabilities | $3,582,705 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $2,200,719 |
Total liabilities and net assets/fund balances | $5,783,424 |
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