Covina Irrigation Company
- Assets
- $25.2m
- Revenue
- -$2.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Covina, CA
- Founding
- 02/1986
- Data as of
- 06/2022
- EIN
- 95-0654360
Organization Overview
Covina Irrigation Company is located in Covina, CA. The organization was established in 1986. 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, Covina Irrigation Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covina Irrigation 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SELL AND DELIVER WHOLESALE WATER TO ITS STOCKHOLDER USERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELL AND DELIVER WHOLESALE WATER TO ITS STOCKHOLDER USERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David DE Jesus President/ceo | 40 | $355,282 | |
Stephen H Sherman Field Operations | 40 | $198,737 | |
Matthew D Kuns Project Coordinato | 40 | $145,730 | |
Steven Reenders Chairman | Trustee | 0.25 | $58,500 |
Geoffrey Cobbett CFO | Trustee | 0.25 | $40,500 |
Andrew Mcintyre Director | Trustee | 0.25 | $34,875 |
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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,869,808 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$2,854,466 |
| 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. | $320,625 |
| Compensation of current officers, directors, key employees. | $320,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,653 |
| Pension plan accruals and contributions | $82,193 |
| Other employee benefits | $0 |
| Payroll taxes | $45,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188 |
| Fees for services: Accounting | $29,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $159,820 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $22,417 |
| Total functional expenses | $1,710,970 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,506,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $394,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $118,865 |
| Net Land, buildings, and equipment | $14,589,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,580,335 |
| Total assets | $25,189,833 |
| Accounts payable and accrued expenses | $987,260 |
| Grants payable | $0 |
| Deferred revenue | $757,328 |
| 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 | $4,153,735 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,002,176 |
| Total liabilities | $7,900,499 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $400,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,889,334 |
| Total liabilities and net assets/fund balances | $25,189,833 |
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