Fallsvale Service Company
- Assets
- $982.0k
- Revenue
- $239.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Forest Falls, CA
- Founding
- 04/1992
- Data as of
- 06/2023
- EIN
- 95-0724550
Organization Overview
Fallsvale Service Company is located in Forest Falls, CA. The organization was established in 1992. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 06/2023, Fallsvale Service Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fallsvale Service 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 06/2023, Fallsvale Service Company generated $239.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $280.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WATER SUPPLY & DISTRIBUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOCATE, EXTRACT, STORE AND DISTRIBUTE WATER FOR A REMOTE MOUNTAIN COMMUNITY. WATERSHARES ARE HELD BY THE RESIDENTS OF FOREST FALLS, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hagelgantz President | Trustee | 1.5 | $0 |
Matt Weise Vice President | Trustee | 1.5 | $0 |
Dave Druck Director | Trustee | 1.5 | $0 |
Rodney Nelson Director | Trustee | 1.5 | $0 |
Paul Tetreault Director | Trustee | 1.5 | $0 |
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 | $267,901 |
| Investment income | $515 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$29,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,962 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,828 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,246 |
| Fees for services: Management | $141 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,181 |
| 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 | $5,762 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,887 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,480 |
| Insurance | $16,820 |
| All other expenses | $17,310 |
| Total functional expenses | $280,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,120 |
| Savings and temporary cash investments | $108,045 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,362 |
| 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 | $6,810 |
| Net Land, buildings, and equipment | $501,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $982,004 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $268,737 |
| 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 | $0 |
| Total liabilities | $268,737 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $43,076 |
| Paid-in or capital surplus, or land, building, or equipment fund | $15,192 |
| Retained earnings, endowment, accumulated income, or other funds | $654,999 |
| Total liabilities and net assets/fund balances | $982,004 |