Valley Water Company
- Assets
- $16.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- La Canada Flintridge, CA
- Founding
- 05/1942
- Data as of
- 12/2022
- EIN
- 95-1325940
Organization Overview
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 12/2022, 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 12/2022, Valley Water Company generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James T Edwards President | OfficerTrustee | 1 | $1,200 |
Stephen Del Guercio Vice President | OfficerTrustee | 1 | $1,200 |
Donald Voss Treasurer | OfficerTrustee | 1 | $2,200 |
Victoria Schwartz Director | Trustee | 1 | $1,500 |
Grace Tan Wang Director | Trustee | 1 | $1,500 |
Bob Fan General Manager/secretary | Officer | 40 | $233,572 |
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 | $791,807 |
| Investment income | $25,559 |
| 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 | $809,843 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,638,885 |
| 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. | $287,239 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $178,544 |
| Pension plan accruals and contributions | $35,946 |
| Other employee benefits | $163,598 |
| Payroll taxes | $73,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,181 |
| Advertising and promotion | $0 |
| Office expenses | $118,590 |
| Information technology | $50,189 |
| 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 | $83,120 |
| All other expenses | $0 |
| Total functional expenses | $1,136,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,410 |
| Savings and temporary cash investments | $6,531,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $440,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $531,658 |
| Prepaid expenses and deferred charges | $68,129 |
| Net Land, buildings, and equipment | $8,492,669 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,772 |
| Total assets | $16,183,361 |
| Accounts payable and accrued expenses | $594,363 |
| 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 | $75,930 |
| Total liabilities | $670,293 |
| Net assets without donor restrictions | $15,513,068 |
| 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 | $16,183,361 |