Oildale Mutual Water Company
- Assets
- $59.8m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Oildale, CA
- Founding
- 10/1934
- Data as of
- 06/2024
- 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. 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 06/2024, Oildale Mutual Water Company generated $11.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $5.7m during the year ending 06/2024. 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
2024
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.
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 |
|---|---|---|---|
Lonney Boller Director | Trustee | 5 | $6,250 |
Jason Wattenbarger President | OfficerTrustee | 5 | $7,300 |
Ross Johnson Vice President | OfficerTrustee | 5 | $6,050 |
Don Wattenbarger Director | Trustee | 5 | $6,300 |
Ryan Nunneley General Manager/secretary | OfficerTrustee | 40 | $151,800 |
Jude Hupp Vice President | Trustee | 5 | $6,050 |
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 | $10,476,825 |
| Investment income | $363,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,641 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,267,619 |
| 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. | $552,994 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,060,074 |
| Pension plan accruals and contributions | $94,513 |
| Other employee benefits | $318,151 |
| Payroll taxes | $133,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $293,826 |
| 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 | $17,954 |
| Advertising and promotion | $0 |
| Office expenses | $332,598 |
| 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 | $16,494 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $698,760 |
| Insurance | $287,362 |
| All other expenses | $300,173 |
| Total functional expenses | $5,702,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $844,633 |
| Savings and temporary cash investments | $8,360,628 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $512,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $835,298 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $49,262,396 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $59,815,004 |
| Accounts payable and accrued expenses | $830,364 |
| 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 | $32,748 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,118,279 |
| Total liabilities | $24,981,391 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,517,559 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,731,277 |
| Retained earnings, endowment, accumulated income, or other funds | $25,584,777 |
| Total liabilities and net assets/fund balances | $59,815,004 |