Atascadero Mutual Water Co

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 04/2024, Atascadero Mutual Water Co employed 25 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 04/2024, Atascadero Mutual Water Co generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $11.4m during the year ending 04/2024. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

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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Board, Officers & Key Employees

Name (title)Compensation
Leroy Davis
Director
$6,000
Jackie M Lerno
President
$6,000
Robert M Jones
Director
$6,000
D Frank Platz
Vice President & Treasurer
$6,000
Brien Vierra
Director
$6,000
John Neil
General Manager
$224,849

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$13,064,066
Investment income $96,767
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 $13,404,661

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