Laguna Mountain Mutual Water Co
- Assets
- $182.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Laguna, CA
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 81-4266963
Organization Overview
Laguna Mountain Mutual Water Co is located in Mount Laguna, CA. The organization was established in 2017. 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. Laguna Mountain 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 12/2023, Laguna Mountain Mutual Water Co generated $48.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OPERATE A MUTUAL WATER COMPANY FOR SUBSCRIBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rice President | 10 | $0 | |
Tom Mcway Vice President | 5 | $0 | |
Joan Marshall Secretary | 5 | $0 | |
Jerry Suppa Treasurer | 5 | $0 | |
Chris Kenney Ombudsman | 5 | $0 | |
Michael Jacobs Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $46,050 |
| Membership dues | $0 |
| Investment income | $1,549 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $600 |
| Total Revenue | $48,199 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,065 |
| Professional fees and other payments to independent contractors | $5,147 |
| Occupancy, rent, utilities, and maintenance | $7,658 |
| Printing, publications, postage, and shipping | $60 |
| Other expenses | $17,825 |
| Total expenses | $34,755 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,195 |
| Other assets | $0 |
| Total assets | $182,894 |
| Total liabilities | $46 |
| Net assets or fund balances | $182,848 |