Lake Lucerne Mutual Water Company Inc
- Assets
- $257.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 03/2005
- Data as of
- 07/2022
- EIN
- 94-2689518
Organization Overview
Lake Lucerne Mutual Water Company Inc is located in Palo Alto, CA. The organization was established in 2005. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Lucerne Mutual Water Company Inc 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 07/2022, Lake Lucerne Mutual Water Company Inc generated $126.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $74.5k during the year ending 07/2022. While expenses have increased by 7.1% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE LAKE LUCERNE MUTUAL WATER COMPANY EXISTS SOLELY TO PROVIDE WATER FOR IRRIGATION TO ITS SHAREHOLDERS. THE WATER COMPANY HAS 1,000 OUTSTANDING SHARES DISTRIBUTED AMONG 19 SHAREHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Stevens Vice President, Cfo, Treas | 1 | $0 | |
Daniel Olstein President And CEO | 1 | $0 | |
Laura O'leary Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,320 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5 |
| Total Revenue | $126,325 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $13,100 |
| Occupancy, rent, utilities, and maintenance | $56,885 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,540 |
| Total expenses | $74,525 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,202 |
| Other assets | $0 |
| Total assets | $257,900 |
| Total liabilities | $85,997 |
| Net assets or fund balances | $171,903 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arroyo Pasajero Mutual Water Company Bakersfield, CA | $489,398 | $3,517,119 |
Mil Potrero Mutual Water Co Frazier Park, CA | $4,033,045 | $1,610,491 |
California Rural Water Rma Sacramento, CA | $496,053 | $1,637,541 |
Kunia Water Association Inc Kapolei, HI | $798,655 | $1,052,176 |
California Carbon Capture Coalition San Rafael, CA | $0 | $525,296 |
Howell Mountain Mutual Water Company Angwin, CA | $2,512,114 | $706,971 |
130 Regional Water Sypply Corporation Phoenix, AZ | $4,164,078 | $679,483 |
Little Potato Slough Mutual Water Company Lodi, CA | $658,705 | $587,385 |
Barlow Water District Tygh Valley, OR | $2,492,884 | $420,965 |
Santa Cruz Summit West Inc Los Gatos, CA | $256,457 | $436,619 |
Sundale Mutual Water Co Lancaster, CA | $3,548,986 | $500,545 |
Trout Gulch Mutual Water Company Aptos, CA | $2,759,038 | $357,460 |