Overview
What is Big Bear Municipal Water District Public Facilities Corporation?
Big Bear Municipal Water District Public Facilities Corporation is a nonprofit organization established with the primary aim of financing the acquisition and improvement of capital assets for the Big Bear Municipal Water District (BBMWD). This corporation issues Certificates of Participation, which serve as financial instruments that evidence proportionate interests in base rental payments to be made by the BBMWD. Among the assets financed by the corporation is an administrative building, which BBMWD leases from the corporation. The corporation's mission supports the BBMWD in its operations, enabling the district to manage its capital assets more effectively.
Official website here: www.bbmwd.org
Is Big Bear Municipal Water District Public Facilities Corporation legitimate?
Big Bear Municipal Water District Public Facilities Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Big Bear Municipal Water District Public Facilities Corporation 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
Official website here: www.bbmwd.org
What is the mission statement of Big Bear Municipal Water District Public Facilities Corporation?
The Big Bear Municipal Water District Public Facilities Corporation's mission is centered around issuing Certificates of Participation to finance the purchase and improvements of capital assets used by the Big Bear Municipal Water District. This organization serves as a financial entity, facilitating the district's expansion and upgrading of its essential infrastructure. The corporation also leases an administrative building to the district, with the district making proportionate rental payments evidenced by the certificates.
Official website here: www.bbmwd.org
Who is the CEO of Big Bear Municipal Water District Public Facilities Corporation?
Michael Stephenson is the General Manager of Big Bear Municipal Water District Public Facilities Corporation.
Official website here: www.bbmwd.org
What is the revenue of Big Bear Municipal Water District Public Facilities Corporation?
Big Bear Municipal Water District Public Facilities Corporation's revenue in 2022 was $33,193.
Official website here: www.bbmwd.org
Who are the executives of Big Bear Municipal Water District Public Facilities Corporation and what are their salaries?
There 1 volunteer at Big Bear Municipal Water District Public Facilities Corporation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $230,073
- Other: $34,950
- Compensation: $0
- Related: $6,997
- Other: $19,626
- Compensation: $0
- Related: $2,713
- Other: $5,067
- Compensation: $0
- Related: $4,998
- Other: $0
- Compensation: $0
- Related: $3,713
- Other: $19,745
- Compensation: $0
- Related: $5,712
- Other: $19,683
Official website here: www.bbmwd.org
Where can I find the form 990 for Big Bear Municipal Water District Public Facilities Corporation?
Big Bear Municipal Water District Public Facilities Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbmwd.org
Learn more at the official website: www.bbmwd.org
Mission Statement of Big Bear Municipal Water District Public Facilities Corporation
Big Bear Municipal Water District Public Facilities Corporation is an organization with a specific mission. Its primary purpose is to issue Certificates of Participation, which serve as financial tools to facilitate the purchase and enhancement of essential capital assets utilized by the Big Bear Municipal Water District (BBMWD). By issuing these certificates, the Corporation enables the District to make proportionate interest payments towards the rental of its administrative building in Big Bear Lake, California. This mission of Big Bear Municipal Water District Public Facilities Corporation plays a crucial role in financing the District's infrastructure improvements, ultimately contributing to the overall functionality and efficiency of the water district.
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Impact
October, 2024
The Big Bear Municipal Water District Public Facilities Corporation plays a crucial role in the financial infrastructure supporting the Big Bear Municipal Water District (BBMWD). By issuing certificates of participation, the Corporation facilitates funding for the purchase and improvement of essential capital assets. These assets are vital for the effective operation and management of water services in the area.
One of the significant impacts of this financing mechanism is that it enables BBMWD to improve its administrative functions by leasing an administrative building located in Big Bear Lake, California. This arrangement allows the district to allocate resources efficiently, ultimately enhancing service delivery to the community.
The Corporation's activities ensure that BBMWD can maintain and upgrade its infrastructure, which is essential for sustaining the quality and reliability of water services. This commitment not only supports the operational needs of the district but also contributes to the overall public benefit by ensuring that residents have access to safe and reliable water resources. Overall, the Corporation's role is integral to the financial viability and operational success of the water district, directly impacting the well-being of the Big Bear Lake community.
This information is meant to be a general summary of Big Bear Municipal Water District Public Facilities Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $33,193
- Gross Receipts: $33,193
Assets and Liabilities:
- Total Assets: $3,003,797
- Total Liabilities: $2,839,000
- Net Assets: $164,797
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY LEASE
Revenue
$33,193
Organization Details
Founding Year
1989
Phone
(909) 866-5796Principal Officer
Michael Stephenson
Main Address
PO BOX 2863, BIG BEAR LAKE, CA, 923152863
Website
www.bbmwd.orgNTEE Category
Code: W80 - Public benefit
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