Meridian Farms Water Co
- Assets
- $5.7m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Meridian, CA
- Founding
- 10/1936
- Data as of
- 10/2022
- EIN
- 94-0676265
Organization Overview
Meridian Farms Water Co is located in Meridian, CA. 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 10/2022, Meridian Farms Water Co employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meridian Farms 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 10/2022, Meridian Farms Water Co generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.4m during the year ending 10/2022. 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
THE COMPANY'S MISSION IS TO PROVIDE WATER FOR LOCAL FARMING OPEERATIONS AND MAKE PEOPLE AWARE OF THE WATER RESORCES AND THEIR VALUE TO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER FOR THE LOCAL FARMINING OPERATIONS AND CONTINUE TO MAKE PEOPLE AWARE OF WATER RESOURCES AND THEIR VALUE TO THE COMMUNITY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Moroni President | Trustee | 5 | $300 |
Brian Fedora Director | Trustee | 10 | $275 |
Mike Chesni Secretary Treas | Trustee | 5 | $275 |
Brian Park Director | Trustee | 5 | $250 |
Craig Bryant Director | Trustee | 5 | $200 |
Paul Squires Director | Trustee | 5 | $150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,012,149 |
| 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 | $1,012,149 |
| Total Program Service Revenue | $570,569 |
| Investment income | $354 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,589,456 |
| 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. | $1,575 |
| Compensation of current officers, directors, key employees. | $55 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,284 |
| Pension plan accruals and contributions | $6,062 |
| Other employee benefits | $53,975 |
| Payroll taxes | $14,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $51,803 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,323 |
| Advertising and promotion | $0 |
| Office expenses | $7,712 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,300 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $869 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323,419 |
| Insurance | $31,901 |
| All other expenses | -$63,465 |
| Total functional expenses | $1,377,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,461 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,196 |
| 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 | $11,096 |
| Net Land, buildings, and equipment | $5,278,770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $5,736,523 |
| Accounts payable and accrued expenses | $211,214 |
| 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 | $65,707 |
| Total liabilities | $276,921 |
| Net assets without donor restrictions | $5,399,604 |
| Net assets with donor restrictions | $59,998 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,736,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Calif Domestic Water Co Whittier, CA | $75,395,636 | $19,759,648 |
Douglas Electric Cooperative Inc Roseburg, OR | $72,257,465 | $22,631,556 |
Harney Electric Cooperative Inc Hines, OR | $32,154,008 | $16,091,631 |
Anza Electric Cooperative Inc Anza, CA | $42,427,529 | $15,782,046 |
Surprise Valley Electrification Corp Alturas, CA | $56,558,515 | $15,431,863 |
Blachly-Lane County Cooperative Electric Association Eugene, OR | $33,526,638 | $15,080,085 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Wasco Electric Cooperative Inc The Dalles, OR | $33,431,100 | $13,089,823 |
Atascadero Mutual Water Co Atascadero, CA | $51,432,769 | $11,280,603 |
Beaumont Unified School District Public Facilities Corporation Beaumont, CA | $36,031,848 | $19,466,559 |
Columbia Basin Electric Cooperative Inc Heppner, OR | $26,244,275 | $10,397,548 |
Hood River Electric Cooperative Odell, OR | $17,097,516 | $11,050,044 |