Blue Oak Terrace Mutual Water Company is located in Paradise, CA. The organization was established in 2008. 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. Blue Oak Terrace 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 12/2022, Blue Oak Terrace Mutual Water Company generated $93.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $124.9k during the year ending 12/2022. While expenses have increased by 19.4% 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE WATER AND SEWER SERVICES
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Wagoner President | 8 | $0 | |
Paul Farsai Vice President | 0.3 | $0 | |
Joanne Lougaris Treasurer | 0.5 | $0 | |
Tony Viverito Director | 0.3 | $0 | |
Nathan Vail Secretary | 0.3 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $92,934 |
| Membership dues | $0 |
| Investment income | $17 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,951 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $9,257 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $115,604 |
| Total expenses | $124,861 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,047 |
| Other assets | $0 |
| Total assets | $475,494 |
| Total liabilities | $108 |
| Net assets or fund balances | $475,386 |