Cool Springs Mutual Water Company
- Assets
- $147.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oakley, UT
- Founding
- 09/1986
- Data as of
- 12/2023
- EIN
- 74-2412314
Organization Overview
Cool Springs Mutual Water Company is located in Oakley, UT. The organization was established in 1986. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cool Springs 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 12/2023, Cool Springs Mutual Water Company generated $46.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $44.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDES CULINARY WATER SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dayne Raff President | 1 | $0 | |
Brig Fugal Trustee/dire | 0.5 | $0 | |
Jay Judkins Vice Preside | 0.5 | $0 | |
Jeff Bowles Treasurer | 0.5 | $0 | |
Karl Lund Director | 0.5 | $0 | |
Lee Burke Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $45,628 |
| Investment income | $1,263 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,891 |
| 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 | $31,591 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,530 |
| Total expenses | $44,121 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,891 |
| Other assets | $0 |
| Total assets | $147,579 |
| Total liabilities | $50 |
| Net assets or fund balances | $147,529 |