Sunny Slope Water Company
- Assets
- $31.6m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Pasadena, CA
- Founding
- 05/1932
- Data as of
- 12/2021
- EIN
- 95-1276240
Organization Overview
Sunny Slope Water Company is located in Pasadena, CA. The organization was established in 1932. 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, Sunny Slope Water Company employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunny Slope 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 12/2021, Sunny Slope Water Company generated $10.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 1.6% 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 THE SHAREHOLDERS OF THE COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER SALES TO SHAREHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Tcheng General Maneger | 40 | $204,219 | |
Troy Holland Superintendent | 40 | $120,814 | |
John L Shaw President | OfficerTrustee | 4 | $10,000 |
Peter C Jeong Assist Sec/trea | OfficerTrustee | 4 | $9,400 |
Steven R Seiler Vice President | OfficerTrustee | 4 | $9,100 |
Lap T Ng Secretary | OfficerTrustee | 4 | $9,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civiltec Engineering Inc Engineering Services | 12/30/16 | $168,132 |
Rc Foster Corporation Special Trade Contractor-construction | 12/30/16 | $272,982 |
Wa Rasic Construction Company Inc Construction And Repair Services | 12/30/16 | $1,720,070 |
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 | $144,155 |
| Noncash contributions included in lines 1a–1f | $144,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $144,155 |
| Total Program Service Revenue | $6,055,746 |
| Investment income | $277,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,050 |
| 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 | $10,112,414 |
| 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. | $371,733 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $776,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $241,146 |
| Payroll taxes | $90,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,225 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,555 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $86,673 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,861 |
| 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 | $811,593 |
| Insurance | $86,728 |
| All other expenses | $290,942 |
| Total functional expenses | $5,116,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,094,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $763,711 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,884 |
| Prepaid expenses and deferred charges | $120,518 |
| Net Land, buildings, and equipment | $14,236,134 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,080 |
| Other assets | $4,209,568 |
| Total assets | $31,584,980 |
| Accounts payable and accrued expenses | $1,248,168 |
| Grants payable | $0 |
| Deferred revenue | $53,184 |
| 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 | $181,211 |
| Total liabilities | $1,482,563 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $130,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $29,972,417 |
| Total liabilities and net assets/fund balances | $31,584,980 |
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 |