Valley Water Company is located in La Canada Flintridge, CA. The organization was established in 1942. 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, Valley Water Company employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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, Valley Water Company generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 0.6% 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
WATER ACQUISITION AND DISTRIBUTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED WATER THROUGH ADJUDICATED RIGHTS AND PURCHASED FROM STATE WATER PURVEYOR. MAINTAINED A DISTRIBUTION SYSTEM FOR DELIVERY OF WATER TO 3,500 PLUS MEMBERS IN THE LA CANADA FLINTRIDGE AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bob Fan General Manager/secretary | Officer | 40 | $220,034 |
David B Crocchi Employee | 40 | $118,333 | |
Douglas Sarbaum Employee | 40 | $112,979 | |
Patrick Castenada Employee | 40 | $112,916 | |
Guy D Wells Employee | 40 | $111,368 | |
Donald Voss Treasurer | OfficerTrustee | 1 | $2,220 |
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 | $867,933 |
Investment income | $5,005 |
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 | $619,977 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,508,360 |
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. | $267,414 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $177,781 |
Pension plan accruals and contributions | $39,763 |
Other employee benefits | $156,713 |
Payroll taxes | $70,108 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $28,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $22,038 |
Advertising and promotion | $0 |
Office expenses | $99,063 |
Information technology | $66,266 |
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 | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $71,230 |
All other expenses | $0 |
Total functional expenses | $1,093,149 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $49,365 |
Savings and temporary cash investments | $6,239,188 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $443,646 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $477,337 |
Prepaid expenses and deferred charges | $55,379 |
Net Land, buildings, and equipment | $8,463,524 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $35,772 |
Total assets | $15,764,211 |
Accounts payable and accrued expenses | $609,381 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $144,340 |
Total liabilities | $753,721 |
Net assets without donor restrictions | $15,010,490 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $15,764,211 |
Organization Name | Assets | Revenue |
---|---|---|
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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 |