Redlands Water Company
- Assets
- $144.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redlands, CA
- Founding
- 01/1942
- Data as of
- 11/2023
- EIN
- 95-1138214
Organization Overview
Redlands Water Company is located in Redlands, CA. The organization was established in 1942. 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. Redlands 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 11/2023, Redlands Water Company generated $186.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $187.3k during the year ending 11/2023. While expenses have increased by 13.4% 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
2023
Describe the Organization's Program Activity:
Part 3
THE COMPANY PROVIDES WATER FOR AGRICULTURAL USE TO ABOUT 50 SHAREHOLDERS IN THE REDLANDS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Burgess President | 1 | $710 | |
Mark Buoye Vice President | 1 | $0 | |
Charlotte Van Eck Secretary/treasurer | 6 | $0 | |
David Knight Director | 1 | $0 | |
Teresa Buoye Director | 1 | $0 | |
Laura Ramirez Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $186,330 |
| Investment income | $62 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6 |
| Total Revenue | $186,398 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $640 |
| Professional fees and other payments to independent contractors | $18,470 |
| Occupancy, rent, utilities, and maintenance | $400 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $167,664 |
| Total expenses | $187,274 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,244 |
| Other assets | $0 |
| Total assets | $144,244 |
| Total liabilities | $0 |
| Net assets or fund balances | $144,244 |