Tract Number 180 Water Company
- Assets
- $7.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cudahy, CA
- Founding
- 07/1945
- Data as of
- 12/2021
- EIN
- 95-1304720
Organization Overview
Tract Number 180 Water Company is located in Cudahy, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tract Number 180 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, Tract Number 180 Water Company generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.7m 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
FURNISH DOMESTIC WATER TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISH DOMESTIC WATER FOR ABOUT 1,181 METERED SERVICE MEMBERSHIP. THERE ARE NO OTHER ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George A Perez President; Board Of Direct | Trustee | 10 | $0 |
Jesus Carrera Secretary; Board Of Direct | Trustee | 10 | $0 |
Luis E Gutierrez Vic President; Board Of Di | Trustee | 10 | $0 |
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 | $1,990,054 |
| Investment income | $532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $2,159,943 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,810 |
| Pension plan accruals and contributions | $10,924 |
| Other employee benefits | $0 |
| Payroll taxes | $42,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,220 |
| Fees for services: Accounting | $63,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,142 |
| Advertising and promotion | $0 |
| Office expenses | $9,725 |
| 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 | $0 |
| Interest | $115,762 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,330 |
| Insurance | $41,154 |
| All other expenses | $135,791 |
| Total functional expenses | $1,664,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,993 |
| Savings and temporary cash investments | $1,192,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $329,523 |
| 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 | $24,443 |
| Net Land, buildings, and equipment | $4,679,176 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $573,774 |
| Total assets | $7,179,000 |
| Accounts payable and accrued expenses | $219,040 |
| 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 | $1,943,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,637 |
| Total liabilities | $2,264,581 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $659,277 |
| Retained earnings, endowment, accumulated income, or other funds | $4,242,642 |
| Total liabilities and net assets/fund balances | $7,179,000 |
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|---|---|---|
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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 |