Monmouth Water Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237080761 ✦ Monmouth, ME ✦ Designated as a 501(c)(12)

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Overview

What is Monmouth Water Association?

The Monmouth Water Association is a public utilities organization situated in Monmouth, Maine. As its primary mission, it provides both water and fire protection services to its members. Acting as a vital community resource, the association ensures a reliable water supply, contributing to the safety and well-being of its local population. While not a nonprofit in the traditional sense, it serves a similar role by meeting essential needs within its community.

Is Monmouth Water Association legitimate?

Monmouth Water Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Monmouth Water Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Monmouth Water Association?

The Monmouth Water Association serves its purpose by providing water and fire protection services to its members. Acting as a public utilities organization, its mission is primarily focused on ensuring an uninterrupted water supply. This organization operates with the aim of ensuring the safety and well-being of its members by offering reliable water services, thereby fulfilling its essential role in the community it serves.

Who is the CEO of Monmouth Water Association?

Joel Balano-Stott is the President of Monmouth Water Association.

What is the revenue of Monmouth Water Association?

Monmouth Water Association's revenue in 2022 was $217,269.

Who are the executives of Monmouth Water Association and what are their salaries?


Here are 5 key members and their salaries:


Joel Balano-Stott (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Mann (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Robertson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Turner (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Cohen (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Monmouth Water Association?

Monmouth Water Association's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Monmouth Water Association

Monmouth Water Association, as a public utilities organization, is dedicated to fulfilling its mission. This mission primarily revolves around supplying essential water and fire protection services to its members. By doing so, the association plays a vital role in ensuring the well-being and safety of the communities it serves. As a nonprofit entity, Monmouth Water Association operates with a sense of responsibility and commitment towards its members, striving to deliver reliable and high-quality water services.

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Impact




October, 2024

Monmouth Water Association plays a crucial role in ensuring the availability of clean water and fire protection services for its members in Monmouth, ME. By reliably supplying water, it supports the health and well-being of the community, making sure that residents have access to this essential resource for daily living. Additionally, its fire protection services enhance public safety, helping to safeguard homes and businesses from potential fire hazards. As a public utilities organization, Monmouth Water Association deeply contributes to the overall quality of life in the area by fostering a resilient and secure environment for its residents.




This information is meant to be a general summary of Monmouth Water Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$217,269 (2022)
Expenses
$164,592 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,507
  • Program Service Revenue: $215,762
  • Gross Receipts: $217,269

Assets and Liabilities:

  • Total Assets: $1,773,958
  • Total Liabilities: $187,185
  • Net Assets: $1,586,773

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

WATER FEES

Revenue

$194,629

CONTRIBUTIONS IN AID OF CONST

Revenue

$21,133

Organization Details

Founding Year

1965

Principal Officer

Joel Balano-Stott

Main Address

PO BOX 88, MONMOUTH, ME, 04259

NTEE Category

Code: W80 - Public benefit

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