Bellflower-Somerset Mutual Water Company
- Assets
- $35.7m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Bellflower, CA
- Founding
- 02/1932
- Data as of
- 06/2022
- EIN
- 95-0539200
Organization Overview
Bellflower-Somerset Mutual Water Company is located in Bellflower, CA. The organization was established in 1932. 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 06/2022, Bellflower-Somerset Mutual Water Company employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bellflower-Somerset Mutual 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 06/2022, Bellflower-Somerset Mutual Water Company generated $11.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 0.4% 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
PROVIDE WATER SERVICE FOR SHAREHOLDERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER SERVICE TO SHAREHOLDERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lenton General Manager | Officer | 40 | $206,376 |
David Herrera Superintendent In Operatio | Officer | 40 | $126,392 |
Leo Struiksma Board Member | Trustee | 2 | $13,803 |
Robert Wilson Board Member | Trustee | 2 | $12,519 |
Rick Cook President | OfficerTrustee | 3 | $9,916 |
Cheryl Harris Board Member | Trustee | 2 | $9,058 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckinney Construction Co Construction Services | 6/29/22 | $778,165 |
Eide Bailly Llp Accounting Services | 6/29/22 | $110,260 |
Pascal And Ludwig Construction Inc Construction Services | 6/29/22 | $528,089 |
Akm Consulting Engineers Engineering Services | 6/29/22 | $276,202 |
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 | $9,821,893 |
| Investment income | $8,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,058,707 |
| 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. | $599,406 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $893,853 |
| Pension plan accruals and contributions | $79,405 |
| Other employee benefits | $236,500 |
| Payroll taxes | $102,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,678 |
| Fees for services: Accounting | $13,590 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $177,724 |
| Advertising and promotion | $0 |
| Office expenses | $156,058 |
| Information technology | $187,331 |
| 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 | $26,910 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $460,106 |
| Insurance | $69,933 |
| All other expenses | $230,140 |
| Total functional expenses | $7,117,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,006,513 |
| Savings and temporary cash investments | $9,353,568 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,979,194 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $504,652 |
| Prepaid expenses and deferred charges | $193,331 |
| Net Land, buildings, and equipment | $20,274,055 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,420,242 |
| Other assets | $0 |
| Total assets | $35,731,555 |
| Accounts payable and accrued expenses | $683,146 |
| 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 | $2,318,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,427,795 |
| Total liabilities | $4,429,605 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $205,980 |
| Paid-in or capital surplus, or land, building, or equipment fund | $229,465 |
| Retained earnings, endowment, accumulated income, or other funds | $30,866,505 |
| Total liabilities and net assets/fund balances | $35,731,555 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Calif Domestic Water Co Whittier, CA | $75,395,636 | $19,759,648 |
Douglas Electric Cooperative Inc Roseburg, OR | $72,257,465 | $22,631,556 |
Harney Electric Cooperative Inc Hines, OR | $32,154,008 | $16,091,631 |
Anza Electric Cooperative Inc Anza, CA | $42,427,529 | $15,782,046 |
Surprise Valley Electrification Corp Alturas, CA | $56,558,515 | $15,431,863 |
Blachly-Lane County Cooperative Electric Association Eugene, OR | $33,526,638 | $15,080,085 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Wasco Electric Cooperative Inc The Dalles, OR | $33,431,100 | $13,089,823 |
Atascadero Mutual Water Co Atascadero, CA | $51,432,769 | $11,280,603 |
Beaumont Unified School District Public Facilities Corporation Beaumont, CA | $36,031,848 | $19,466,559 |
Columbia Basin Electric Cooperative Inc Heppner, OR | $26,244,275 | $10,397,548 |
Hood River Electric Cooperative Odell, OR | $17,097,516 | $11,050,044 |