Summit Water & Supply Co

Organization Overview

Summit Water & Supply Co is located in Tacoma, WA. The organization was established in 1936. 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, Summit Water & Supply Co employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Water & Supply 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 12/2021, Summit Water & Supply Co generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 3.4% 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

INSTALLS, MAINTAINS AND OPERATES A WATER SUPPLY SYSTEM FOR ITS MEMBERSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATER SALES TO THE MEMBERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Darryl Scott
Secretary
$125,572
Mike Craig
Treasurer
$4,320
Greg Armstrong
President
$3,720
Gary Houston
Trustee
$3,720
Robert Pietzke
Trustee
$3,660
Clayton Posey
Trustee
$3,660

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$4,056,215
Investment income $9,948
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 $4,066,163

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