Yosemite Springs Park Utility Co
- Assets
- $6.7m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Coarsegold, CA
- Founding
- 08/2006
- Data as of
- 12/2021
- EIN
- 95-2658694
Organization Overview
Yosemite Springs Park Utility Co is located in Coarsegold, CA. The organization was established in 2006. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yosemite Springs Park Utility 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 12/2021, Yosemite Springs Park Utility Co generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 4.5% 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE WATER TO THE HOMES AND COMMERCIAL BUILDINGS WITHIN YOSEMITE LAKES PARK, A SUBDIVISION WITHIN THE COUNTY OF MADERA, STATE OF CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUMPING AND DISTRIBUTION OF WATER TO LOT OWNERS. THERE ARE 2,278 INDIVIDUAL LOTS AND 2,050 INDIVIDUAL LOT OWNERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mahan President | Officer | 1 | $0 |
Doug Dorsey Vice President | Officer | 1 | $0 |
Mark Zoeller Treasurer | Officer | 1 | $0 |
Kathy Miller Secretary | Officer | 1 | $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 | $1,796,303 |
| Investment income | $295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,726 |
| 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 | $1,811,324 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $494,689 |
| Pension plan accruals and contributions | $11,290 |
| Other employee benefits | $0 |
| Payroll taxes | $36,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,947 |
| Information technology | $0 |
| 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 | $402,842 |
| Insurance | $157,283 |
| All other expenses | $282,291 |
| Total functional expenses | $2,171,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,256 |
| Savings and temporary cash investments | $1,206,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367,473 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,880 |
| Prepaid expenses and deferred charges | $34,231 |
| Net Land, buildings, and equipment | $3,723,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,023,909 |
| Total assets | $6,697,365 |
| Accounts payable and accrued expenses | $360,222 |
| 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 | $264,921 |
| Total liabilities | $625,143 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $80,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,705,797 |
| Retained earnings, endowment, accumulated income, or other funds | -$713,575 |
| Total liabilities and net assets/fund balances | $6,697,365 |
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