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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Leroy Davis Director | Trustee | 5 | $6,000 |
Jackie M Lerno President | Trustee | 5 | $6,000 |
Robert M Jones Director | Trustee | 5 | $6,000 |
D Frank Platz Vice President & Treasurer | Trustee | 5 | $6,000 |
Brien Vierra Director | Trustee | 5 | $6,000 |
John Neil General Manager | Trustee | 40 | $224,849 |
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 |
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. | $501,141 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,625,654 |
Pension plan accruals and contributions | $155,289 |
Other employee benefits | $660,926 |
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 | $16,585 |
Office expenses | $28,445 |
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 | $16,572 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,407,336 |
Insurance | $106,582 |
All other expenses | $1,581,201 |
Total functional expenses | $11,395,402 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $347,887 |
Savings and temporary cash investments | $4,252,466 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,324,922 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $704,752 |
Prepaid expenses and deferred charges | $808,485 |
Net Land, buildings, and equipment | $45,372,894 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $52,811,406 |
Accounts payable and accrued expenses | $282,222 |
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 | $1,072,156 |
Total liabilities | $1,354,378 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $102,745 |
Paid-in or capital surplus, or land, building, or equipment fund | $3,088,714 |
Retained earnings, endowment, accumulated income, or other funds | $48,265,569 |
Total liabilities and net assets/fund balances | $52,811,406 |