Valley Water Management Company
- Assets
- $39.7m
- Revenue
- $18.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Bakersfield, CA
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 95-1325930
Organization Overview
Valley Water Management Company is located in Bakersfield, CA. The organization was established in 1992. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2021, Valley Water Management Company employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Water Management Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Valley Water Management Company generated $18.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $11.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VALLEY WATER MGT CO IS A NON-PROFIT CORP FORMED UNDER PROVISIONS OF TITLE XII OF PART IV OF DIVISION I OF THE CIVIL CODE OF THE STATE OF CA. ITS PURPOSE IS TO MANAGE OIL FIELD PRODUCED WATER FOR OUR MEMBERS IN AN ENVIRONMENTALLY RESPONSIBLE AND ECONOMICALLY FEASIBLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALLEY WATER MANAGEMENT COMPANY CONTINUED TO MANAGE OIL FIELD PRODUCED WATER IN ACCORDANCE WITH ALL LOCAL, STATE, AND FEDERAL REGULATIONS. ANY OPERATOR OF PROPERTIES WITHIN THE SERVICE AREA OF THE COMPANYS FACILITIES WAS ABLE TO PARTICIPATE IN THE USE OF THE FACILITIES, PROVIDED:1) THE PRODUCED WATER MUST BE OF A QUALITY WHICH COULD BE PROCESSED BY THE COMPANYS FACILITIES. OVER 45,000,000 BARRELS OF PRODUCED WATER WERE PROCESSED IN AN ENVIRONMENTALLY RESPONSIBLE AND ECONOMICALLY FEASIBLE MANNER.2) THE PRODUCER AGREED TO PAY ITS SHARE OF COSTS THROUGH ASSESSMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Meadors Assistant Secretary General | Officer | 40 | $240,853 |
Randal K Horne Regulatory Compliance Manager | Officer | 40 | $188,488 |
Jose Navarro Asst Treasfin Mgr | Officer | 40 | $186,502 |
Christopher D Reedy Staff Engineer | 40 | $120,590 | |
David W D Eiland Supervisor | 40 | $114,868 | |
Jonathan C Fivecoat Supervisor | 40 | $114,158 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bradley Sons Maint & Const | 12/30/21 | $228,145 |
Baker Hughes H2otreat Chemicals | 12/30/21 | $320,506 |
Jerry Melton Sons Const Inc Maint & Const | 12/30/21 | $419,500 |
Oilfield Env Compliance Inc Oilfield Services | 12/30/21 | $353,021 |
Randys Trucking Inc Vacuum Trucks | 12/30/21 | $358,435 |
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 | $15,942,187 |
| Investment income | $2,795,604 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $18,737,791 |
| 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. | $550,473 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,082,296 |
| Pension plan accruals and contributions | $653,529 |
| Other employee benefits | $240,589 |
| Payroll taxes | $108,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $318,110 |
| Fees for services: Accounting | $13,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $123,419 |
| Advertising and promotion | $0 |
| Office expenses | $162,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $73,438 |
| 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 | $51,148 |
| Insurance | $424,452 |
| All other expenses | $5,383,062 |
| Total functional expenses | $10,961,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323,398 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,353,680 |
| 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 | $224,703 |
| Net Land, buildings, and equipment | $495,975 |
| Investments—publicly traded securities | $36,308,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,706,744 |
| Accounts payable and accrued expenses | $304,706 |
| 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 | $16,542 |
| Total liabilities | $321,248 |
| Net assets without donor restrictions | $39,385,496 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,706,744 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carbon Mapper Inc Pasadena, CA | $31,271,707 | $23,068,061 |
Bonneville Environmental Foundation Portland, OR | $37,270,230 | $22,287,565 |
Heat And Frost Insulators And Allied Work Hlth And Welf Trst Fnd West Covina, CA | $22,035,506 | $17,164,369 |
Valley Water Management Company Bakersfield, CA | $39,706,744 | $18,737,791 |
Oregon Climate Trust Portland, OR | $32,274,539 | $14,712,148 |
Valley Can Sacramento, CA | $1,279,199 | $6,833,414 |
Southern California Mountains Foundation San Bernardino, CA | $4,368,064 | $6,209,639 |
Nature And Culture International Del Mar, CA | $9,466,383 | $7,280,421 |
Blue Hills Environmental Association Eagar, AZ | $2,022,492 | $3,802,818 |
Seventh Generation Advisors Santa Monica, CA | $10,066,340 | $3,860,775 |
Environmental Research Center Inc San Diego, CA | $11,028,825 | $2,712,741 |
Community Environmental Council Inc Santa Barbara, CA | $3,801,390 | $2,257,942 |