Mil Potrero Mutual Water Co

Organization Overview

Mil Potrero Mutual Water Co is located in Frazier Park, CA. The organization was established in 2000. 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. As of 06/2022, Mil Potrero Mutual Water Co employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mil Potrero 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 06/2022, Mil Potrero Mutual Water Co generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 5.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE WATER COMPANY PROVIDES WATER SERVICES, AT COST, TO SHAREHOLDERS IN THE MIL POTRERO AREA OF SAN EMIDIO MOUNTAINS OF KERN COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WATER COMPANY PROVIDES WATER SERVICES, AT COST, TO SHAREHOLDERS IN THE MIL POTRERO AREA OF SAN EMIDIO MOUNTAINS OF KERN COUNTY.TO PROVIDE AND DELIVER A DEPENDABLE SUPPLY OF QUALITY WATER TO OUR SHAREHOLDERS IN AN EFFICIENT ENVIRONMENTALLY AND ECONOMICALLY RESPONSIBLE MANNER.


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Board, Officers & Key Employees

Name (title)Compensation
James R Carruth Rob
General Manager
$107,500
Kristofer Staidle
Secretary
$0
William Tarr
Treasurer
$0
Robert Lame
President
$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$30,504
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$30,504
Total Program Service Revenue$1,559,377
Investment income $18,030
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 $1,610,491

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