Vaughn Water Co Inc
- Assets
- $46.1m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Bakersfield, CA
- Founding
- 04/1950
- Data as of
- 12/2021
- EIN
- 95-1600230
Organization Overview
Vaughn Water Co Inc is located in Bakersfield, CA. The organization was established in 1950. 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 12/2021, Vaughn Water Co Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vaughn Water Co Inc 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 12/2021, Vaughn Water Co Inc generated $9.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $8.5m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE WATER TO THE SERVICE AREA USERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUTUAL WATER COMPANY, PROVIDING WATER TO AREA USERS.
MUTUAL WATER COMPANY, PROVIDING WATER TO AREA USERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Grayer General Mana | Officer | 40 | $171,224 |
Bob Burdette Vice Preside | OfficerTrustee | 2 | $0 |
Phillip Wright Secretary | OfficerTrustee | 2 | $0 |
Dana Martin President | OfficerTrustee | 2 | $0 |
Joshua Divilbiss Director | Trustee | 2 | $0 |
Shawn Kelly Director | Trustee | 2 | $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 | $9,221,448 |
| Investment income | $49,610 |
| 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 | $9,299,624 |
| 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. | $368,449 |
| Compensation of current officers, directors, key employees. | $282,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,334,154 |
| Pension plan accruals and contributions | $153,634 |
| Other employee benefits | $0 |
| Payroll taxes | $124,820 |
| 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 | $80,003 |
| Advertising and promotion | $0 |
| Office expenses | $60,368 |
| Information technology | $84,910 |
| Royalties | $0 |
| Occupancy | $188,746 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,282 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,023,563 |
| Insurance | $109,873 |
| All other expenses | $374,371 |
| Total functional expenses | $8,469,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,130,043 |
| Savings and temporary cash investments | $20,661,963 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $616,502 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,808 |
| Prepaid expenses and deferred charges | $1,691 |
| Net Land, buildings, and equipment | $23,706,379 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,118,386 |
| Accounts payable and accrued expenses | $651,222 |
| 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 | $2,149,714 |
| Total liabilities | $2,800,936 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $12,912,185 |
| Paid-in or capital surplus, or land, building, or equipment fund | $16,072,083 |
| Retained earnings, endowment, accumulated income, or other funds | $14,333,182 |
| Total liabilities and net assets/fund balances | $46,118,386 |
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Beaumont Unified School District Public Facilities Corporation Beaumont, CA | $36,031,848 | $19,466,559 |
Columbia Basin Electric Cooperative Inc Heppner, OR | $26,244,275 | $10,397,548 |
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