Farm Mutual Water Company
- Assets
- $5.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Wildomar, CA
- Founding
- 03/2001
- Data as of
- 12/2022
- EIN
- 95-3474522
Organization Overview
Farm Mutual Water Company is located in Wildomar, CA. The organization was established in 2001. 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, Farm Mutual Water Company employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm Mutual 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, Farm Mutual Water Company generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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
THE COMPANY'S MISSION AS A MUTUAL WATER COMPANY IS TO PROVIDE WATER AND SEWER SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER AND SEWER SERVICES ARE PROVIDED TO THE MEMBERS OF THE MUTUAL WATER COMPANY IN THE COMMUNITY KNOWN AS THE FARM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Kerrigan President | OfficerTrustee | 2 | $7,800 |
Bob Kornmann III Director | OfficerTrustee | 2 | $7,800 |
Kevin Anctil Vice President | OfficerTrustee | 2 | $7,800 |
Janine Tominaga Secretary | OfficerTrustee | 2 | $7,800 |
David Freiberg Treasurer | Trustee | 2 | $7,800 |
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 | $1,553,553 |
| Investment income | $1,170 |
| 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 | $1,555,723 |
| 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. | $39,000 |
| Compensation of current officers, directors, key employees. | $39,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,154 |
| Pension plan accruals and contributions | $11,001 |
| Other employee benefits | $90,388 |
| Payroll taxes | $45,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,661 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,897 |
| Office expenses | $27,564 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,260 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,998 |
| Insurance | $36,660 |
| All other expenses | $108,596 |
| Total functional expenses | $1,870,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $842,936 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,718 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,747 |
| Net Land, buildings, and equipment | $4,175,478 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,188,879 |
| Accounts payable and accrued expenses | $57,230 |
| 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 | $607,493 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $258,649 |
| Total liabilities | $923,372 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,220 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,264,287 |
| Total liabilities and net assets/fund balances | $5,188,879 |