Jubilee Mutual Water Co
- Assets
- $268.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lucerne Valley, CA
- Founding
- 05/1959
- Data as of
- 09/2020
- EIN
- 95-6092652
Organization Overview
Jubilee Mutual Water Co is located in Lucerne Valley, CA. The organization was established in 1959. 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. Jubilee Mutual Water 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 09/2020, Jubilee Mutual Water Co generated $139.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $123.9k during the year ending 09/2020. While expenses have increased by 4.7% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
TO SUPPLY WATER AND PROVIDE REPAIRS AND MAINTENANCE TO A SMALL RURAL COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Gagne General Manager | 20 | $23,621 | |
Brandi Van Horn Meter Reader | 10 | $13,553 | |
John Nelson D1 Operator | 15 | $5,937 | |
Rudy Cervantes President | 10 | $0 | |
Steve Giles 1st Vice Pres | 5 | $0 | |
Paul Perry Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $139,314 |
| Membership dues | $0 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $139,356 |
| Statement of Expenses | |
|---|---|
| Total expenses | $123,884 |
| Balance Sheet | |
|---|---|
| Total assets | $268,697 |
| Total liabilities | $1,233 |
| Net assets or fund balances | $267,464 |
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