Loma Mar Mutual Water & Improvement Co is located in Loma Mar, CA. The organization was established in 1994. 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. Loma Mar Mutual Water & Improvement 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, Loma Mar Mutual Water & Improvement Co generated $74.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $109.0k during the year ending 12/2022. While expenses have increased by 0.7% 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
PUMP, TREAT AND DELIVER POTABLE DRINKING WATER TO 36 HOUSEHOLDS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Piotr Majewski President | 0.1 | $0 | |
W Hartman-Carr Treasurer | 5.7 | $0 | |
Carron Gomes Secretary | 0.5 | $0 | |
Paula Russ Director | 0.5 | $0 | |
Gayle Walorinta VP | 0.1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $74,529 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $27 |
| Total Revenue | $74,563 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $32,778 |
| Occupancy, rent, utilities, and maintenance | $29,786 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $46,410 |
| Total expenses | $108,974 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $27,678 |
| Other assets | $0 |
| Total assets | $126,777 |
| Total liabilities | $1,491 |
| Net assets or fund balances | $125,286 |