Rolling Hills Ranchos Water Association is located in Salinas, CA. The organization was established in 1969. 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. Rolling Hills Ranchos Water Association 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 01/2024, Rolling Hills Ranchos Water Association generated $70.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $81.0k during the year ending 01/2024. While expenses have increased by 11.2% per year over the past 9 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
2024
Describe the Organization's Program Activity:
Part 3
WATER COMPANY
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Sincerbox President | 15 | $1,500 | |
Leslie Hancock Secretary | 15 | $1,200 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $63,389 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,638 |
| Total Revenue | $70,027 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,321 |
| Professional fees and other payments to independent contractors | $7,200 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $194 |
| Other expenses | $66,274 |
| Total expenses | $80,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,418 |
| Other assets | $0 |
| Total assets | $134,461 |
| Total liabilities | $216 |
| Net assets or fund balances | $134,245 |