Madera Valley Water Company
- Assets
- $5.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Madera, CA
- Founding
- 07/1979
- Data as of
- 10/2021
- EIN
- 94-2450715
Organization Overview
Madera Valley Water Company is located in Madera, CA. The organization was established in 1979. 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 10/2021, Madera Valley Water Company employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madera Valley 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 10/2021, Madera Valley Water Company generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $2.7m during the year ending 10/2021. While expenses have increased by 5.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL WATER COMPANY PROVIDES INFRASTRUCTURE TO MAKE WATER DELIVERIES TO THE MEMBERS OF THE ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL WATER COMPANY PROVIDES INFRASTRUCTURE TO MAKE WATER DELIVERIES TO THE MEMBERS OF THE ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Smith Operation Mgmt | 40 | $117,490 | |
Gregory E Rodgers CFO | Officer | 40 | $113,577 |
Rodney E Smith Superintendent | 40 | $99,595 | |
Carolyn Cervantez Sec/tres | 40 | $86,862 | |
Christina J Huerta Office Mgmt | 40 | $71,328 | |
Lynda Schafhauser Director | Trustee | 8 | $9,400 |
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 | $2,639,063 |
| Investment income | $83 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,909 |
| 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 | $2,680,395 |
| 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. | $235,220 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $489,278 |
| Pension plan accruals and contributions | $164,793 |
| Other employee benefits | $0 |
| Payroll taxes | $54,631 |
| Fees for services: Management | $0 |
| 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 | $7,629 |
| 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 | $175,193 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $373,530 |
| Insurance | $18,544 |
| All other expenses | $111,133 |
| Total functional expenses | $2,708,299 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $235,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $56,601 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,539,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $35,802 |
| Other assets | $10,000 |
| Total assets | $5,493,946 |
| Accounts payable and accrued expenses | $166,731 |
| 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 | $3,722,555 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,870 |
| Total liabilities | $3,898,156 |
| 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 | $1,595,790 |
| Total liabilities and net assets/fund balances | $5,493,946 |
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