Lincoln Avenue Water Company Incorporated
- Assets
- $22.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Altadena, CA
- Founding
- 08/1927
- Data as of
- 12/2021
- EIN
- 95-0937105
Organization Overview
Lincoln Avenue Water Company Incorporated is located in Altadena, CA. The organization was established in 1927. 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, Lincoln Avenue Water Company Incorporated employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Avenue Water Company Incorporated 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, Lincoln Avenue Water Company Incorporated generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 0.6% 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
TO PROVIDE POTABLE WATER TO ALL MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED POTABLE, SAFE WATER TO MEMBERS OF THE MUTUAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Betancourt Reported On W-2 Secretary/coo | OfficerTrustee | 50 | $143,300 |
L Duncan 1st VP | OfficerTrustee | 8 | $9,600 |
D Fernandez Asst Secr | OfficerTrustee | 8 | $9,600 |
R Gomperz VP | OfficerTrustee | 8 | $9,600 |
V Thompson Dir | Trustee | 8 | $9,600 |
J Clairday President | OfficerTrustee | 8 | $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 | $0 |
| Investment income | $6,266 |
| 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 | $2,968,709 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,974,975 |
| 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. | $181,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $378,761 |
| Pension plan accruals and contributions | $65,000 |
| Other employee benefits | $118,381 |
| Payroll taxes | $79,223 |
| 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 | $34,020 |
| Advertising and promotion | $0 |
| Office expenses | $38,462 |
| Information technology | $47,718 |
| 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 | $37,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $588,471 |
| Insurance | $166,720 |
| All other expenses | $17,110 |
| Total functional expenses | $1,955,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,878,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $496,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,744 |
| Prepaid expenses and deferred charges | $69,348 |
| Net Land, buildings, and equipment | $17,777,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,008 |
| Total assets | $22,298,610 |
| Accounts payable and accrued expenses | $401,493 |
| 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 | $1,073,280 |
| Other liabilities | $368,678 |
| Total liabilities | $1,843,451 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $335,223 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $20,119,936 |
| Total liabilities and net assets/fund balances | $22,298,610 |
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