Maywood Mutual Water Co No 2
- Assets
- $3.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Maywood, CA
- Founding
- 07/1945
- Data as of
- 10/2020
- EIN
- 95-0985410
Organization Overview
Maywood Mutual Water Co No 2 is located in Maywood, CA. The organization was established in 1945. 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 10/2016, Maywood Mutual Water Co No 2 employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maywood Mutual Water Co No 2 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 10/2020, Maywood Mutual Water Co No 2 generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $1.5m during the year ending 10/2020. While expenses have increased by 2.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
FURNISH DOMESTIC WATER TO A MEMBERSHIP OF 1,927 HOMEOWNERS. THERE IS NO OTHER ACTIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISH DOMESTIC WATER TO A MEMBERSHIP OF 1,927. THERE IS NO OTHER ACTIVITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Rojo General Manager | Officer | 40 | $30,582 |
Jacob Chavira General Manager | Officer | 40 | $19,696 |
Jose Valenzuela Sec/director | OfficerTrustee | 1 | $9,750 |
Salvador M Martin Pres/director | OfficerTrustee | 1 | $9,750 |
Modesta Gaxiola Treas/director | OfficerTrustee | 1 | $9,750 |
Maria E Pulido Vp/director | OfficerTrustee | 1 | $9,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,168 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,524,723 |
| Statement of Expenses | |
|---|---|
| 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. | $56,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,189 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,915 |
| 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 | $5,334 |
| Advertising and promotion | $0 |
| Office expenses | $7,204 |
| Information technology | $9,180 |
| Royalties | $0 |
| Occupancy | $3,803 |
| 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 | $136,930 |
| Insurance | $124,518 |
| All other expenses | $137,381 |
| Total functional expenses | $1,467,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,115 |
| Savings and temporary cash investments | $195,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $289,550 |
| 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 | $43,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,902,016 |
| Accounts payable and accrued expenses | $129,747 |
| 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 | $0 |
| Total liabilities | $129,747 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $30,500 |
| Total liabilities and net assets/fund balances | $3,772,269 |
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 |