Combined Water System
- Assets
- $998.6k
- Revenue
- $125.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Stanwood, WA
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 27-4316330
Organization Overview
Combined Water System is located in Stanwood, WA. The organization was established in 2012. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Combined Water System 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 12/2021, Combined Water System generated $125.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $69.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WATER WAS PROVIDED TO 204 MEMBERS OF THE WATER ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDED WATER TO 189 ACTIVE MEMBERS AND HAS 11 MEMBERS WHO HAVE NOT YET BUILT A HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Baker Treasurer | OfficerTrustee | 2 | $0 |
David Bennitt Secretary | OfficerTrustee | 1 | $0 |
Jeff Gilmore President | OfficerTrustee | 2 | $0 |
Bruce Bosman Vice Preside | OfficerTrustee | 1 | $0 |
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 | $125,561 |
| Investment income | $128 |
| 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 | $125,689 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,789 |
| Advertising and promotion | $0 |
| Office expenses | $2,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,053 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,330 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,619 |
| Insurance | $122 |
| All other expenses | $654 |
| Total functional expenses | $69,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,622 |
| Savings and temporary cash investments | $144,332 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $774,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,329 |
| Total assets | $998,604 |
| Accounts payable and accrued expenses | $0 |
| 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 | $386,820 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $386,820 |
| Net assets without donor restrictions | $611,784 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $998,604 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Water Association Rochester, WA | $1,363,067 | $644,458 |
Twin Lakes Canal Co Weston, ID | $9,845,222 | $667,778 |
Barlow Water District Tygh Valley, OR | $2,492,884 | $420,965 |
Scappoose Drainage Improvement Co Scappoose, OR | $1,353,460 | $391,524 |
C H R District Improvement Company Otis, OR | $963,656 | $226,691 |
Anchor Point Safe Water Corporation Anchor Point, AK | $1,217,391 | $156,755 |
Eastern Snake Plain Aquifer Recharge Blackfoot, ID | $168,571 | $262,109 |
Ethioedir Seattle, WA | $815,987 | $251,280 |
United Canal Company Blackfoot, ID | $346,241 | $0 |
Dugualla Community Inc Oak Harbor, WA | $933,017 | $124,776 |
Hide-Away Water Company Inc Oak Harbor, WA | $1,008,629 | $140,630 |
Petes Mountain Water Company Durham, OR | $1,167,689 | $166,272 |