Zone Mutual Water Company
- Assets
- $6.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Somis, CA
- Founding
- 09/1934
- Data as of
- 12/2023
- EIN
- 95-1558979
Organization Overview
Zone Mutual Water Company is located in Somis, CA. The organization was established in 1934. 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 12/2023, Zone Mutual Water Company employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zone 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 12/2023, Zone Mutual Water Company generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 9 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
ORGANIZED FOR THE PURPOSE SOLELY OF DELIVERING WATER TO ITS STOCKHOLDERS AT COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUMPED AND DELIVERED WATER TO THE MEMBERS/SHAREHOLDERS FOR AGRICULTURAL IRRIGATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda L Freitas General Manager | 0 | $44,784 | |
John Grether Vice President | OfficerTrustee | 1 | $0 |
Alden Broome Secretary | OfficerTrustee | 1 | $0 |
John W Borchard Jr Treasurer | OfficerTrustee | 1 | $0 |
John Menne President | OfficerTrustee | 1 | $0 |
Michael Kelley 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 | $1,712,668 |
| Investment income | $13,833 |
| 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 | $1,770,613 |
| 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. | $44,784 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,734 |
| Pension plan accruals and contributions | $6,127 |
| Other employee benefits | $26,103 |
| Payroll taxes | $16,604 |
| Fees for services: Management | $56,175 |
| Fees for services: Legal | $52,537 |
| Fees for services: Accounting | $6,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,898 |
| Advertising and promotion | $0 |
| Office expenses | $5,125 |
| 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 | $12,802 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,358 |
| Insurance | $13,811 |
| All other expenses | -$83,619 |
| Total functional expenses | $1,697,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $884,474 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $741,977 |
| 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 | $6,068 |
| Net Land, buildings, and equipment | $3,605,449 |
| Investments—publicly traded securities | $1,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,884 |
| Other assets | $1,004,866 |
| Total assets | $6,269,718 |
| Accounts payable and accrued expenses | $123,851 |
| 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 | $96,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $101,399 |
| Total liabilities | $321,387 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $572,640 |
| Paid-in or capital surplus, or land, building, or equipment fund | $194,861 |
| Retained earnings, endowment, accumulated income, or other funds | $5,180,830 |
| Total liabilities and net assets/fund balances | $6,269,718 |