Erland Point Water Co is located in Silverdale, WA. The organization was established in 2000. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Erland Point Water Co employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erland Point 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 12/2022, Erland Point Water Co generated $375.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $167.8k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WATER SERVICE IS PROVIDED TO RESIDENTS OF THE COMPANY'S SERVICE AREA ALONG WITH STREET LIGHTS FOR PUBLIC SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERLAND POINT WATER CO. PROVIDES WATER SERVICE TO APPROX. 640 HOMES NOT OTHERWISE SERVED BY A MUNICIPAL UTILITY AND STREETLIGHTS FOR PUBLIC SAFETY PURPOSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Simons President | Officer | 5 | $79,608 |
Leslie Martin Chair | Trustee | 0 | $0 |
Ed Heuss Secretary | Trustee | 0 | $0 |
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 | $0 |
Investment income | $280 |
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 | $374,707 |
Miscellaneous Revenue | $0 |
Total Revenue | $374,987 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $42,268 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $825 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,013 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,691 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,964 |
Travel | $10,915 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $76,421 |
Insurance | $5,686 |
All other expenses | $838 |
Total functional expenses | $167,835 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $63,160 |
Savings and temporary cash investments | $594,134 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $78,005 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,623,604 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,913 |
Total assets | $2,363,816 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $115 |
Total liabilities | $115 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $2,363,701 |
Total liabilities and net assets/fund balances | $2,363,816 |
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Pear Bureau Northwest Milwaukie, OR | $2,202,999 | $9,582,470 |
United Food And Commercial Workers International Union Spokane, WA | $0 | $609,927 |
Farmers Conservation Alliance Hood River, OR | $3,544,797 | $8,335,346 |
Washington State Farm Bureau Federation Lacey, WA | $17,445,683 | $6,263,578 |
Idaho Farm Bureau Federation Inc Pocatello, ID | $16,974,633 | $6,412,454 |
Northwest Cooperation Fund Seattle, WA | $3,264,175 | $3,049,985 |
Northwest Nursery Improvement Institute Prosser, WA | $3,977,612 | $4,369,575 |
Oregon Farm Bureau Federation Salem, OR | $12,315,558 | $4,280,303 |
A Greener World Terrebonne, OR | $1,206,900 | $2,548,722 |
International Brotherhood Of Teamsters Salem, OR | $2,869,401 | $1,780,894 |
Northwest Washington Fair Foundation Lynden, WA | $344,800 | $1,193,999 |
Sammamish Uniserv Council Bellevue, WA | $1,371,592 | $1,258,093 |