Kingvale Property Owners & Water Users Inc
- Assets
- $166.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Soda Springs, CA
- Founding
- 09/1962
- Data as of
- 06/2023
- EIN
- 94-1510805
Organization Overview
Kingvale Property Owners & Water Users Inc is located in Soda Springs, CA. The organization was established in 1962. 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. Kingvale Property Owners & Water Users Inc 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 06/2023, Kingvale Property Owners & Water Users Inc generated $68.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $86.4k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
FURNISHING WATER TO RESIDENTS AND FIRE DISTRICT ACCESS HYDRANTS. APPROXIMATELY 84 HOMES SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Mcbane Bookkeeper | 5 | $5,121 | |
Brett Lee Director | 5 | $0 | |
Bruce Cumming CEO | 10 | $0 | |
Evgeny Gushchin Director | 5 | $0 | |
Rick Degette Director | 5 | $0 | |
Mareva Brown Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $68,937 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,937 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,577 |
| Professional fees and other payments to independent contractors | $5,674 |
| Occupancy, rent, utilities, and maintenance | $59,808 |
| Printing, publications, postage, and shipping | $970 |
| Other expenses | $13,417 |
| Total expenses | $86,446 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,439 |
| Other assets | $0 |
| Total assets | $166,175 |
| Total liabilities | $0 |
| Net assets or fund balances | $166,175 |