Devore Water Company

The information for Devore Water Company is as of the organization's most recent filing in October '22. This organization is located in San Bernardino, CA. It has been in existence for 76 years, following its founding in 1946.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Devore Water Company's NTEE code is W80. The "W" tells us that the organization is classified along with Public & Societal Benefit organizations. The "80" tells us that the organization is involved in Public Utilities. The NTEE describes Public Utilities as organizations that provide gas, electricity, water, and sanitary services, including the hook-up of services and the installation, maintenance, and repair of necessary equipment. Many organizations in this category are located in section 501(c)(12) of the Internal Revenue Code. The Devore Water Company is a mutual water company that maintains and develops the water system for over 400 properties.

Program Areas

The mutual water company maintains and develops the water system for over 400 properties within the general fund. It reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Devore Water Company is run by Valerie Henry, who is the President of the organization. The organization has 9 employees, none of whom are paid over $100k per year. Additionally, there are no volunteers supporting the staff.

Board Governance

Based on the information provided, it is difficult to determine how well the Devore Water Company is governed. The organization has 8 voting members, all of whom are independent, which suggests a diverse and potentially unbiased decision-making process. However, the lack of documentation for board and committee meetings raises concerns about transparency and accountability within the organization. The absence of a conflict of interest policy, disclosure requirements for conflicts, and a whistleblower policy also indicate a potential lack of governance practices. These policies are essential for ensuring that the organization operates ethically and in the best interest of its stakeholders. Furthermore, the organization's failure to have a document retention policy and to provide copies of the 990 to the board prior to filing raises questions about its commitment to financial transparency and accountability. Overall, while the Devore Water Company may have a strong and independent board, the absence of key governance practices and documentation raises concerns about its governance effectiveness. It is recommended that the organization implements these policies and practices to ensure transparency, accountability, and ethical decision-making.

Organization Growth

The Devore Water Company nonprofit organization has experienced growth over the given time period. Program service revenue increased from $362.0K in 2015 to $632.1K in 2021, indicating an increase in the organization's ability to generate income from its programs. Investment income also increased from $67 in 2015 to $106 in 2021, showing growth in the organization's investment portfolio. Total revenue saw a similar increase, going from $362.1K in 2015 to $632.2K in 2021. Employee salaries also grew from $114.4K in 2015 to $184.2K in 2021, suggesting an expansion of the organization's workforce. Additionally, the total number of employees increased from 8 in 2015 to 9 in 2021. However, it is worth noting that total expenses also increased significantly from $326.8K in 2015 to $767.7K in 2021, indicating that the organization's growth may have come with increased costs.