Lone Tree Mutual Water Company

Organization Overview

Lone Tree Mutual Water Company is located in El Nido, CA. The organization was established in 1991. 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 12/2021, Lone Tree Mutual Water Company employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lone Tree 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 12/2021, Lone Tree Mutual Water Company generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 4.2% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE CORPORATION IS FOR THE DEVELOPMENT, SALE, DISTRIBUTION, SUPPLY AND DELIVERY OF WATER FOR IRRIGATION PURPOSES TO ITS MEMBERS WITH IRRIGATABLE SHARE-ACRES. TOTAL ACREAGE WITHIN THE CORPORATION'S SERVICE AREA IS APPROXIMATELY 12,000 ACRES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION DEVELOPED, SOLD, DISTRIBUTED, SUPPLIED, AND DELIVERED IRRIGATION WATER TO ITS MEMBERS WITH IRRIGATABLE SHARE-ACRES. TOTAL ACREAGE WITHIN THE CORPORATION'S SERVICE AREA IS APPROXIMATELY 12,000 ACRES.


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Board, Officers & Key Employees

Name (title)Compensation
George Park
Manager
$143,435
Richie Iest
President
$0
Edward Silva
Vice President
$0
Norman Montague
Secretary
$0
Bryant Elkins
Treasurer
$0
Bill Seaman
Director
$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$5,539,542
Investment income $4,932
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 $5,694,903

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