Madera Valley Water Company
- Assets
- $5.4m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Madera, CA
- Founding
- 07/1979
- Data as of
- 10/2023
- 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 10/2023, 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 10/2023, Madera Valley Water Company generated $2.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $2.9m during the year ending 10/2023. While expenses have increased by 4.7% per year over the past 8 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
2023
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 | $127,937 | |
Gregory E Rodgers CFO | Officer | 40 | $112,396 |
Gregory Rodgers CFO | 40 | $112,396 | |
Rodney E Smith Superintendent | 40 | $94,358 | |
Carolyn Cervantez Sec/treas | OfficerTrustee | 40 | $92,740 |
Carolyn Cervantez Sec/tres | 40 | $86,640 |
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 | $2,832,829 |
| Investment income | $1,238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,975 |
| 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 | $2,860,042 |
| 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. | $248,986 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $548,848 |
| Pension plan accruals and contributions | $171,155 |
| Other employee benefits | $0 |
| Payroll taxes | $59,731 |
| 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 | $12,198 |
| 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 | $177,707 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $268,250 |
| Insurance | $22,941 |
| All other expenses | $86,057 |
| Total functional expenses | $2,863,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $326,998 |
| Accounts receivable, net | $307,546 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,789,363 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $29,522 |
| Other assets | $30,783 |
| Total assets | $5,427,533 |
| Accounts payable and accrued expenses | $543,856 |
| 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 | $3,424,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,934 |
| Total liabilities | $3,977,015 |
| 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 | $1,450,518 |
| Total liabilities and net assets/fund balances | $5,427,533 |