Rancho Pauma Mutual Water Company is located in Pauma Valley, CA. The organization was established in 1968. 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. Rancho Pauma 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 10/2022, Rancho Pauma Mutual Water Company generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $1.3m during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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 IS A STOCKHOLDER-OWNED MUTUAL BENEFIT CORPORATION FORMED TO PROVIDE WATER UTILITY SERVICES FOR THE BENEFIT OF ITS STOCKHOLDERS AND MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WATER UTILITY SERVICES TO ITS STOCKHOLDER MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Laurie Kariya Secretary | OfficerTrustee | 1 | $0 |
Steve Wehr VP | OfficerTrustee | 2 | $0 |
Bruce Knox Treasurer | OfficerTrustee | 1 | $0 |
Chuck Bandy President | OfficerTrustee | 2 | $0 |
Larry Taylor Director | Trustee | 1 | $0 |
Bobby Graziano General Manager | 40 | $0 |
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 | $1,587,247 |
Investment income | $2,375 |
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 | $1,589,622 |
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 | $22,839 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,594 |
Payroll taxes | $2,947 |
Fees for services: Management | $351,871 |
Fees for services: Legal | $55,134 |
Fees for services: Accounting | $9,590 |
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 | $19,433 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,200 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,502 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $240,134 |
Insurance | $16,716 |
All other expenses | $88,472 |
Total functional expenses | $1,334,033 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,379,353 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $230,639 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $3,229 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $7,314 |
Net Land, buildings, and equipment | $2,822,360 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $25,217 |
Other assets | $0 |
Total assets | $4,468,112 |
Accounts payable and accrued expenses | $93,367 |
Grants payable | $0 |
Deferred revenue | $6,764 |
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 | $0 |
Total liabilities | $100,131 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $1,104 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $4,366,877 |
Total liabilities and net assets/fund balances | $4,468,112 |
Organization Name | Assets | Revenue |
---|---|---|
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Atascadero Mutual Water Co Atascadero, CA | $51,432,769 | $11,280,603 |
Beaumont Unified School District Public Facilities Corporation Beaumont, CA | $36,031,848 | $19,466,559 |
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Hood River Electric Cooperative Odell, OR | $17,097,516 | $11,050,044 |