Eastmont Water Company
- Assets
- $303.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boring, OR
- Founding
- 07/1978
- Data as of
- 12/2022
- EIN
- 93-0565413
Organization Overview
Eastmont Water Company is located in Boring, OR. The organization was established in 1978. 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. Eastmont 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 12/2022, Eastmont Water Company generated $81.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $64.0k during the year ending 12/2022. While expenses have increased by 5.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
OPERATED A WATER SUPPLY AND DISTRIBUTION SYSTEM FOR THE BENEFIT OF 112 SINGLE FAMILY RESIDENTIAL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Wolf Board Member | 1 | $0 | |
Andrew Degner President | 1 | $0 | |
Tom Kent Vice President | 1 | $0 | |
Charles Meservy Secretary/treasurer | 1 | $0 | |
Kim Inhoff Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $79,578 |
| Membership dues | $0 |
| Investment income | $2,201 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,779 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,680 |
| Professional fees and other payments to independent contractors | $900 |
| Occupancy, rent, utilities, and maintenance | $16,200 |
| Printing, publications, postage, and shipping | $816 |
| Other expenses | $35,395 |
| Total expenses | $63,991 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,034 |
| Other assets | $0 |
| Total assets | $303,326 |
| Total liabilities | $2,036 |
| Net assets or fund balances | $301,290 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oildale Mutual Water Company Oildale, CA | $46,887,728 | $11,045,397 |
Vaughn Water Co Inc Bakersfield, CA | $46,118,386 | $9,299,624 |
Ohop Mutual Light Co Eatonville, WA | $21,175,610 | $8,133,923 |
Idaho County Light & Power Cooperative Association Inc Highwa Grangeville, ID | $19,684,328 | $7,493,307 |
Bellflower-Somerset Mutual Water Company Bellflower, CA | $35,731,555 | $11,058,707 |
Salmon River Electric Cooperative Inc Challis, ID | $19,095,369 | $7,043,358 |
La Cumbre Mutual Water Co Santa Barbara, CA | $15,692,771 | $7,727,968 |
Utility Reform Network San Francisco, CA | $8,489,220 | $6,778,643 |
Okanogan County Electric Cooperative Incorpative Winthrop, WA | $15,033,526 | $6,466,621 |
Lost River Electric Cooperative Inc Mackay, ID | $11,076,384 | $7,381,964 |
Consolidated Peoples Ditch Company Farmersville, CA | $10,865,739 | $2,504,184 |
Irvine Ranch Water District Water Service Corporation Irvine, CA | $4,965,094 | $10,970,156 |