Las Lomas Muutal Water Companymutual Ben is located in Somis, CA. 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. Las Lomas Muutal Water Companymutual Ben 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, Las Lomas Muutal Water Companymutual Ben generated $153.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $143.1k during the year ending 12/2023. While expenses have increased by 11.9% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUCCESSFULLY PROVIDED IRRIGATION WATER TO LLMWC MEMBERS.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loraine Goodman Secretarytreasurer | Officer | 10 | $0 |
Knowles Richard Acting President | Officer | 10 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,110 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $153,110 |
| 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 | $53,447 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $206 |
| Other expenses | $89,479 |
| Total expenses | $143,132 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $86,744 |
| Other assets | $0 |
| Total assets | $99,105 |
| Total liabilities | $89,127 |
| Net assets or fund balances | $9,978 |