Sunny Slope Water Company
- Assets
- $33.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Pasadena, CA
- Founding
- 05/1932
- Data as of
- 12/2023
- 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 12/2023, Sunny Slope Water Company employed 15 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 12/2023, Sunny Slope Water Company generated $6.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 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
2023
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 | $233,925 | |
Troy Holland Superintendent | 40 | $123,545 | |
Lap T Ng President | OfficerTrustee | 4 | $10,800 |
Steven R Seiler Director | OfficerTrustee | 4 | $10,200 |
Peter C Jeong Secretary | OfficerTrustee | 4 | $9,900 |
John L Shaw Treasurer | OfficerTrustee | 4 | $9,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wa Rasic Construction Company Inc Construction And Repair Services | 12/30/16 | $1,720,070 |
Rc Foster Corporation Special Trade Contractor-construction | 12/30/16 | $272,982 |
Civiltec Engineering Inc Engineering Services | 12/30/16 | $168,132 |
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 | $181,193 |
| Noncash contributions included in lines 1a–1f | $181,193 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,193 |
| Total Program Service Revenue | $6,034,077 |
| Investment income | $349,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,713 |
| 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 | $6,585,472 |
| 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. | $408,170 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $589,908 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $208,301 |
| Payroll taxes | $89,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,000 |
| Fees for services: Accounting | $18,579 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,916 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $67,536 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $994,003 |
| Insurance | $100,023 |
| All other expenses | $399,466 |
| Total functional expenses | $5,094,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,602,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $885,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $139,531 |
| Prepaid expenses and deferred charges | $142,230 |
| Net Land, buildings, and equipment | $20,473,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,080 |
| Other assets | $2,469,472 |
| Total assets | $33,745,190 |
| Accounts payable and accrued expenses | $622,103 |
| Grants payable | $0 |
| Deferred revenue | $41,456 |
| 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 | $900,000 |
| Other liabilities | $209,334 |
| Total liabilities | $1,772,893 |
| 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 | $31,842,297 |
| Total liabilities and net assets/fund balances | $33,745,190 |