Sallal Water Association Inc
- Assets
- $28.6m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 9
- Location
- North Bend, WA
- Founding
- 06/1971
- Data as of
- 12/2022
- EIN
- 23-7091727
Organization Overview
Sallal Water Association Inc is located in North Bend, WA. The organization was established in 1971. 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, Sallal Water Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sallal Water Association Inc 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, Sallal Water Association Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE POTABLE WATER TO MEMBERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED WATER AND RELATED SERVICES TO APPROXIMATELY 2,016 OF ITS 2,077 MEMBERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Parker Dir Finance | Officer | 40 | $152,000 |
Denny Scott Water Superi | 40 | $132,155 | |
Larry Bergman Water Operat | 40 | $110,204 | |
Denise Smutny President | OfficerTrustee | 3.5 | $2,200 |
Daylin Baker Vice Preside | OfficerTrustee | 3.5 | $1,500 |
Joyce Hibma Treasurer | OfficerTrustee | 3.5 | $1,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hi Mark Construction Inc Construction | 12/30/22 | $1,429,062 |
Akana Construction | 12/30/22 | $360,309 |
Fury Site Works Inc Maintenance | 12/30/22 | $239,283 |
Jonson & Jonson Ps Legal | 12/30/22 | $117,280 |
Lawhead Architects Ps Architecture | 12/30/22 | $114,127 |
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 | $2,145,619 |
| Investment income | $119,998 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,243,661 |
| 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. | $162,700 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,655 |
| Pension plan accruals and contributions | $18,580 |
| Other employee benefits | $115,430 |
| Payroll taxes | $51,780 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $165,675 |
| Fees for services: Accounting | $36,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11 |
| Fees for services: Other | $76,732 |
| Advertising and promotion | $0 |
| Office expenses | $73,791 |
| 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 | $152,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $625,748 |
| Insurance | $107,490 |
| All other expenses | $6,238 |
| Total functional expenses | $2,355,265 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $906,349 |
| Savings and temporary cash investments | $6,023,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,884 |
| 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 | $19,946 |
| Net Land, buildings, and equipment | $18,594,464 |
| Investments—publicly traded securities | $2,866,312 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,391 |
| Total assets | $28,621,179 |
| Accounts payable and accrued expenses | $735,524 |
| 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 | $8,299,309 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,034,833 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12,774,700 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,811,646 |
| Total liabilities and net assets/fund balances | $28,621,179 |