La Cumbre Mutual Water Co is located in Santa Barbara, CA. The organization was established in 1936. 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 12/2021, LA Cumbre Mutual Water Co employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Cumbre 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 12/2021, LA Cumbre Mutual Water Co generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 8.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL WATER COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF WATER UTILITY PLANT & DISTRIBUTION SYSTEM TO SERVICE APPROX 1500 CUSTOMERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mike Alvarado General Manager | Officer | 40 | $199,360 |
Jeff Dameron Admin Manager | 40 | $161,501 | |
Scott Trochman Foreman | 40 | $117,942 | |
Chris Alvarado Distribution Mgr | 40 | $101,920 | |
Alex Rodriguez President | OfficerTrustee | 3 | $3,850 |
Marc Russo Vice President | OfficerTrustee | 3 | $2,200 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lash Construction Construction Contractor | 12/30/21 | $497,518 |
Tierra Contracting Inc Land Imp'r Contractor | 12/30/21 | $127,087 |
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 | $7,643,716 |
Investment income | $2,025 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $106,349 |
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 | $7,727,968 |
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. | $242,349 |
Compensation of current officers, directors, key employees. | $57,310 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $801,583 |
Pension plan accruals and contributions | $77,609 |
Other employee benefits | $94,918 |
Payroll taxes | $76,607 |
Fees for services: Management | $0 |
Fees for services: Legal | $49,165 |
Fees for services: Accounting | $9,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $114,077 |
Advertising and promotion | $0 |
Office expenses | $35,637 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $62,015 |
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 | $493,701 |
Insurance | $47,518 |
All other expenses | $121,748 |
Total functional expenses | $6,856,196 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $91,039 |
Savings and temporary cash investments | $6,947,865 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $795,357 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $27,785 |
Prepaid expenses and deferred charges | $960,758 |
Net Land, buildings, and equipment | $6,354,163 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $515,804 |
Total assets | $15,692,771 |
Accounts payable and accrued expenses | $435,196 |
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 | $60,827 |
Total liabilities | $496,023 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $201,800 |
Paid-in or capital surplus, or land, building, or equipment fund | $277,948 |
Retained earnings, endowment, accumulated income, or other funds | $14,717,000 |
Total liabilities and net assets/fund balances | $15,692,771 |
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 |