Atascadero Mutual Water Co
- Assets
- $51.4m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 22
- Location
- Atascadero, CA
- Founding
- 09/1926
- Data as of
- 04/2022
- EIN
- 95-0510690
Organization Overview
Atascadero Mutual Water Co is located in Atascadero, CA. The organization was established in 1926. 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 04/2022, Atascadero Mutual Water Co employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atascadero Mutual 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 04/2022, Atascadero Mutual Water Co generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $11.1m during the year ending 04/2022. While expenses have increased by 2.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMPANY IS ORGANIZED AS A MUTUAL WATER COMPANY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY IS ORGANIZED AS A MUTUAL WATER COMPANY AND PROVIDES WATER TO THE COMMUNITY OF ATASCADERO. ALL OF THE COMPANY'S EXPENSES ARE FOR THIS PURPOSE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Neil General Manager | Trustee | 40 | $198,823 |
Mike Stephens Chief Operator | 40 | $140,773 | |
David Clark Superintendent | 40 | $122,530 | |
Cheryl Powers Secretary & Asst. Treasure | Trustee | 40 | $121,027 |
Colton Cruzat Senior Water Treatment Operator | 40 | $120,736 | |
Matthew Sytsma Senior Water Treatment Operator | 40 | $119,970 |
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 | $11,071,167 |
| Investment income | $265 |
| 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 | $11,280,603 |
| 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 | $480,577 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $1,389,808 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $110,732 |
| Other employee benefits | $597,995 |
| Payroll taxes | $0 |
| 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 | $12,358 |
| Office expenses | $30,670 |
| 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 | $6,322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,435,260 |
| Insurance | $73,245 |
| All other expenses | $1,601,823 |
| Total functional expenses | $11,095,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,802 |
| Savings and temporary cash investments | $5,212,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $964,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $526,829 |
| Prepaid expenses and deferred charges | $742,940 |
| Net Land, buildings, and equipment | $43,761,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,432,769 |
| Accounts payable and accrued expenses | $289,249 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,156,571 |
| Total liabilities | $1,445,820 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $102,593 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,004,546 |
| Retained earnings, endowment, accumulated income, or other funds | $46,879,810 |
| Total liabilities and net assets/fund balances | $51,432,769 |
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