Vaughn Water Co Inc
- Assets
- $45.2m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 22
- Location
- Bakersfield, CA
- Founding
- 04/1950
- Data as of
- 12/2022
- EIN
- 95-1600230
Organization Overview
Vaughn Water Co Inc is located in Bakersfield, CA. The organization was established in 1950. 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, Vaughn Water Co Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vaughn Water Co Inc 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, Vaughn Water Co Inc generated $9.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $10.0m during the year ending 12/2022. While expenses have increased by 6.1% per year over the past 4 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
TO PROVIDE WATER TO THE SERVICE AREA USERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL WATER COMPANY, PROVIDING WATER TO AREA USERS.
MUTUAL WATER COMPANY, PROVIDING WATER TO AREA USERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Grayer General Mana | Officer | 40 | $186,795 |
Bob Burdette Secretary | OfficerTrustee | 2 | $0 |
Joshua Divilbiss Director | Trustee | 2 | $0 |
Shawn Kelly President | Trustee | 2 | $0 |
Dana Martin Vice Preside | OfficerTrustee | 2 | $0 |
Phillip Wright Director | OfficerTrustee | 2 | $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 | $9,129,183 |
| Investment income | $48,262 |
| 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 | $9,179,714 |
| 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. | $400,151 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,164,722 |
| Pension plan accruals and contributions | $160,815 |
| Other employee benefits | $190,398 |
| Payroll taxes | $117,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $441 |
| Fees for services: Accounting | $37,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,608 |
| Advertising and promotion | $0 |
| Office expenses | $147,001 |
| Information technology | $129,430 |
| Royalties | $0 |
| Occupancy | $6,145 |
| Travel | $6,972 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,981 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,133,207 |
| Insurance | $127,869 |
| All other expenses | $538,384 |
| Total functional expenses | $9,993,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,132,372 |
| Savings and temporary cash investments | $20,779,294 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $357,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,808 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,955,018 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,225,883 |
| Accounts payable and accrued expenses | $735,153 |
| 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 | $1,627,217 |
| Total liabilities | $2,362,370 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $13,031,473 |
| Paid-in or capital surplus, or land, building, or equipment fund | $16,351,684 |
| Retained earnings, endowment, accumulated income, or other funds | $13,480,356 |
| Total liabilities and net assets/fund balances | $45,225,883 |