Valley Water Management Company

Organization Overview

Valley Water Management Company is located in Bakersfield, CA. The organization was established in 1992. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2021, Valley Water Management Company employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Water Management Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Valley Water Management Company generated $18.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $11.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

VALLEY WATER MGT CO IS A NON-PROFIT CORP FORMED UNDER PROVISIONS OF TITLE XII OF PART IV OF DIVISION I OF THE CIVIL CODE OF THE STATE OF CA. ITS PURPOSE IS TO MANAGE OIL FIELD PRODUCED WATER FOR OUR MEMBERS IN AN ENVIRONMENTALLY RESPONSIBLE AND ECONOMICALLY FEASIBLE MANNER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VALLEY WATER MANAGEMENT COMPANY CONTINUED TO MANAGE OIL FIELD PRODUCED WATER IN ACCORDANCE WITH ALL LOCAL, STATE, AND FEDERAL REGULATIONS. ANY OPERATOR OF PROPERTIES WITHIN THE SERVICE AREA OF THE COMPANYS FACILITIES WAS ABLE TO PARTICIPATE IN THE USE OF THE FACILITIES, PROVIDED:1) THE PRODUCED WATER MUST BE OF A QUALITY WHICH COULD BE PROCESSED BY THE COMPANYS FACILITIES. OVER 45,000,000 BARRELS OF PRODUCED WATER WERE PROCESSED IN AN ENVIRONMENTALLY RESPONSIBLE AND ECONOMICALLY FEASIBLE MANNER.2) THE PRODUCER AGREED TO PAY ITS SHARE OF COSTS THROUGH ASSESSMENTS.


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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$15,942,187
Investment income $2,795,604
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 $18,737,791

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