Montebello Land & Water Company
- Assets
- $38.0m
- Revenue
- $10.4m
- Investments
- $1.8m
- Employees
- 14
- Location
- Montebello, CA
- Founding
- 06/1935
- Data as of
- 06/2024
- EIN
- 95-6095389
Organization Overview
Montebello Land & Water Company is located in Montebello, CA. The organization was established in 1935. 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 06/2024, Montebello Land & Water Company employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montebello Land & 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 06/2024, Montebello Land & Water Company generated $10.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $4.8m during the year ending 06/2024. While expenses have increased by 1.9% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
WATER DISTRIBUTION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATER DISTRIBUTION SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Jugan President | OfficerTrustee | 3 | $7,200 |
David R Rego Vice President | OfficerTrustee | 1 | $7,200 |
Omer Zeki Kayiran Treasurer | OfficerTrustee | 1 | $7,200 |
David R Rego Secretary | Trustee | 1 | $7,200 |
Norman Akashi Director | Trustee | 1 | $7,200 |
Kenneth Bradbury Director | Trustee | 1 | $7,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Doty Brothers Equipment Co Construction Services | 6/29/24 | $1,308,391 |
Akm Consulting Engineering Engineering Consulting Services | 6/29/24 | $266,732 |
Aqueous Vets Filtration Equipment | 6/29/24 | $633,083 |
Highroad Information Technology It Services | 6/29/24 | $147,677 |
Robert Brkich Construction Corp Construction Services | 6/29/24 | $182,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,298,148 |
| 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 | $2,298,148 |
| Total Program Service Revenue | $6,786,362 |
| Investment income | $314,633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,411,332 |
| 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. | $277,260 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $717,376 |
| Pension plan accruals and contributions | $111,902 |
| Other employee benefits | $193,166 |
| Payroll taxes | $87,480 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,995 |
| Fees for services: Accounting | $38,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,077 |
| Advertising and promotion | $0 |
| Office expenses | $116,548 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,575 |
| 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 | $719,217 |
| Insurance | $186,289 |
| All other expenses | $79,601 |
| Total functional expenses | $4,760,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,947 |
| Savings and temporary cash investments | $6,250,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,474,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $369,901 |
| Prepaid expenses and deferred charges | $158,416 |
| Net Land, buildings, and equipment | $13,163,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,819,321 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,514,050 |
| Total assets | $37,967,556 |
| Accounts payable and accrued expenses | $482,643 |
| Grants payable | $0 |
| Deferred revenue | $64,413 |
| 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 | $223,297 |
| Total liabilities | $770,353 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $77,813 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,512 |
| Retained earnings, endowment, accumulated income, or other funds | $37,115,878 |
| Total liabilities and net assets/fund balances | $37,967,556 |