Oildale Mutual Water Company
- Assets
- $46.9m
- Revenue
- $11.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Oildale, CA
- Founding
- 10/1934
- Data as of
- 06/2022
- EIN
- 95-1063050
Organization Overview
Oildale Mutual Water Company is located in Oildale, CA. The organization was established in 1934. 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, Oildale Mutual Water Company employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oildale Mutual Water 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 06/2022, Oildale Mutual Water Company generated $11.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $9.8m during the year ending 06/2022. While expenses have increased by 5.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL WATER COMPANY. PROCURMENT OF DOMESTIC WATER AND DELIVERY OF WATER TO CUSTOMERS/STOCKHOLDER WITHIN THE COMPANY'S SERVICE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
NON-PROFIT DOMESTIC WATER COMPANY. DELIVERY OF WATER TO 11,500MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Nunneley Secretary | Officer | 40 | $250,163 |
Lonney Boller President | OfficerTrustee | 5 | $7,400 |
Don Wattenbarger Vice President | Trustee | 5 | $6,200 |
Ross Johnson Director | OfficerTrustee | 5 | $6,150 |
Jason Wattenbarger Director | OfficerTrustee | 5 | $6,150 |
Staci Allison Director | Trustee | 5 | $6,150 |
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 | $10,996,285 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,045,397 |
| 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. | $690,828 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $931,891 |
| Pension plan accruals and contributions | $93,471 |
| Other employee benefits | $296,222 |
| Payroll taxes | $120,308 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,048 |
| 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 | $49,648 |
| Advertising and promotion | $0 |
| Office expenses | $274,063 |
| 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 | $15,255 |
| Interest | $116,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $528,881 |
| Insurance | $172,363 |
| All other expenses | $1,179,146 |
| Total functional expenses | $9,806,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,624,752 |
| Savings and temporary cash investments | $14,843,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $490,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $992,515 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $28,936,007 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,887,728 |
| Accounts payable and accrued expenses | $602,496 |
| 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 | $40,545 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,255,219 |
| Total liabilities | $17,898,260 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,461,249 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,731,277 |
| Retained earnings, endowment, accumulated income, or other funds | $19,796,942 |
| Total liabilities and net assets/fund balances | $46,887,728 |
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