Nyeland Acres Mutual Water Co

Organization Overview

Nyeland Acres Mutual Water Co is located in Oxnard, CA. The organization was established in 1951. 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, Nyeland Acres Mutual Water Co employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyeland Acres Mutual Water Co 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, Nyeland Acres Mutual Water Co generated $201.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $188.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MUTUAL WATER COMPANY FORMED IN 1948 AS A COOPERATIVE DOMESTIC WATER PROVIDER, IN WHICH FEES ARE PAID BY ITS MEMBERS FOR THE SOLE PURPOSE OF MEETING THE EXPENSES FOR THE DELIVERY OF WATER FROM THE COMPANY'S WELLS AND PIPELINES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO SELL AND DELIVER POTABLE WATER TO ITS MEMBERS FOR DOMESTIC USE.


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Board, Officers & Key Employees

Name (title)Compensation
Dina Ontiveras
President
$5,400
David Souza
Vice President
$550
Eddie Bazaldua
Treasurer
$0
Maricela Lopez
Secretary
$0
Ray Amaro
Director
$0
Aaron Wedemeyer
Director
$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$193,679
Investment income $63
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 $201,136

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