Portola Improvement Assn Mutual Water Co Inc
- Assets
- $57.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- La Honda, CA
- Founding
- 04/1963
- Data as of
- 06/2023
- EIN
- 94-6121452
Organization Overview
Portola Improvement Assn Mutual Water Co Inc is located in La Honda, CA. The organization was established in 1963. 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. Portola Improvement Assn Mutual Water Co 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, Portola Improvement Assn Mutual Water Co Inc generated $62.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $58.2k 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
DELIVERING DRINKING WATER TO THE HOUSEHOLDS OF 38 SHAREHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Walker President | 5 | $0 | |
Yvette Fitzgerald Vice President | 4 | $0 | |
Andrea Lozano Treasurer | 4 | $0 | |
Katarina Cook Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $62,853 |
| Investment income | $70 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,923 |
| 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 | $44,255 |
| Occupancy, rent, utilities, and maintenance | $2,268 |
| Printing, publications, postage, and shipping | $531 |
| Other expenses | $11,194 |
| Total expenses | $58,248 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,393 |
| Other assets | $0 |
| Total assets | $57,852 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,852 |