Crafton Water Co A Corp
- Assets
- $1.4m
- Revenue
- $734.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Redlands, CA
- Founding
- 10/1944
- Data as of
- 02/2023
- EIN
- 95-0655830
Organization Overview
Crafton Water Co A Corp is located in Redlands, CA. The organization was established in 1944. 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. Crafton Water Co A Corp 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 02/2023, Crafton Water Co A Corp generated $734.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $681.8k during the year ending 02/2023. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL IRRIGATION COMPANY PROVIDING WATER TO ITS SHAREHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMPANY IS FORMED AS A MUTUAL WATER COMPANY AND PROVIDES IRRIGATION WATER TO THE SHAREHOLDERS IN A PORTION OF REDLANDS, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wellington President | OfficerTrustee | 1 | $0 |
David Knight Vice President | OfficerTrustee | 1 | $0 |
Terrance Klenske Director | Trustee | 1 | $0 |
Tom Kaney Director | Trustee | 1 | $0 |
Teresa Buoye Director | Trustee | 1 | $0 |
George Hanson General Manager | Trustee | 15 | $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 | $735,927 |
| Investment income | $228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,139 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $734,894 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,611 |
| Pension plan accruals and contributions | $2,889 |
| Other employee benefits | $18,720 |
| Payroll taxes | $3,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $0 |
| Office expenses | $11,243 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,750 |
| Insurance | $37,552 |
| All other expenses | $37,976 |
| Total functional expenses | $681,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,418 |
| Savings and temporary cash investments | $457,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,893 |
| 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 | $27,623 |
| Net Land, buildings, and equipment | $244,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,842 |
| Total assets | $1,431,251 |
| Accounts payable and accrued expenses | $7,374 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $7,374 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $371,675 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,052,202 |
| Total liabilities and net assets/fund balances | $1,431,251 |