Bear Valley Mutual Water Company
- Assets
- $5.7m
- Revenue
- $1.7m
- Investments
- $34.2k
- Employees
- 8
- Location
- Redlands, CA
- Founding
- 08/1923
- Data as of
- 10/2023
- EIN
- 95-0534300
Organization Overview
Bear Valley Mutual Water Company is located in Redlands, CA. The organization was established in 1923. 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 10/2023, Bear Valley Mutual Water Company employed 8 individuals. Bear Valley Mutual Water Company 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 10/2023, Bear Valley Mutual Water Company generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.5m during the year ending 10/2023. While expenses have increased by 4.7% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL WATER COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER SERVICES TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Hanson General Manager | Officer | 40 | $159,604 |
Charlotte Van Eck Secretary/treasurer | Officer | 40 | $53,154 |
David Knight President | OfficerTrustee | 2 | $2,500 |
Larry Jacinto Vice President | OfficerTrustee | 2 | $0 |
Peter Buoye Director | Trustee | 1 | $0 |
Robert Stewart Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,530,752 |
| Investment income | $41,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $121,276 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,702,237 |
| 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. | $193,095 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $265,842 |
| Pension plan accruals and contributions | $27,324 |
| Other employee benefits | $67,472 |
| Payroll taxes | $45,162 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,294 |
| Advertising and promotion | $0 |
| Office expenses | $24,569 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $34,493 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $824 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,542 |
| Insurance | $51,392 |
| All other expenses | $66,501 |
| Total functional expenses | $1,466,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,357 |
| Savings and temporary cash investments | $1,456,672 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,652 |
| 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 | $921,625 |
| Net Land, buildings, and equipment | $902,398 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $34,248 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,670,540 |
| Total assets | $5,683,492 |
| Accounts payable and accrued expenses | $57,134 |
| Grants payable | $0 |
| Deferred revenue | $76,500 |
| 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 | $33,459 |
| Total liabilities | $167,093 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,251,885 |
| Paid-in or capital surplus, or land, building, or equipment fund | $625,343 |
| Retained earnings, endowment, accumulated income, or other funds | $3,639,171 |
| Total liabilities and net assets/fund balances | $5,683,492 |