Clarita-Olney Water Company Inc

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

EIN: 736127933 ✦ Clarita, OK ✦ Designated as a 501(c)(12)

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Overview

What is Clarita-Olney Water Company Inc?

Clarita-Olney Water Company Inc, located in Clarita, Oklahoma, functions as a public utility. Its primary objective is to manage and operate an efficient water supply system within the community. This mission involves ensuring a consistent and reliable water supply for the residents of Clarita, thereby contributing to the overall well-being and sustainability of the town.

Is Clarita-Olney Water Company Inc legitimate?

Clarita-Olney Water Company Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clarita-Olney Water Company Inc 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: $67,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Clarita-Olney Water Company Inc?

Clarita-Olney Water Company, as a public utility, is committed to effectively managing a water supply system. Their mission, in essence, is dedicated to ensuring a reliable and efficient water supply for its users. Their primary objective is to operate and maintain the water supply system in an efficient and responsible manner, ensuring consistent water availability and quality. By doing so, they contribute to the overall well-being and needs of their community.

Who is the CEO of Clarita-Olney Water Company Inc?

Clark Parker is the Board Chairman of Clarita-Olney Water Company Inc.

What is the revenue of Clarita-Olney Water Company Inc?

Clarita-Olney Water Company Inc's revenue in 2022 was $231,913.

Who are the executives of Clarita-Olney Water Company Inc and what are their salaries?


Here are 8 key members and their salaries:


Frankie Wallace (Manager)
  • Compensation: $42,000
  • Related: $0
  • Other: $0
Donna Bolin (Bookkeeper)
  • Compensation: $19,200
  • Related: $0
  • Other: $0
Alton Davidson (Assistant)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Bonnie Lemons (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Billy Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Roebuck (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clark Parker (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Campbell (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Clarita-Olney Water Company Inc?

Clarita-Olney Water Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Clarita-Olney Water Company Inc

Clarita-Olney Water Company, as a public utility, is dedicated to the operation of a reliable water supply system. This mission implies that the company is responsible for providing a consistent and safe supply of water to its community, ensuring that the needs of its customers are met. The company's role is crucial in maintaining the health and well-being of its customers, as access to clean water is essential for various daily activities. By operating a water supply system, Clarita-Olney Water Company contributes to the overall infrastructure and quality of life in its community.

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Impact




October, 2024

Clarita-Olney Water Company Inc plays a crucial role in ensuring access to clean and reliable water for the residents of Clarita, OK. By operating the water supply system, the company not only provides essential services that support public health and well-being but also contributes to the overall quality of life in the community.

With its focus on maintaining a consistent and safe water supply, the company helps to foster a healthy environment, enabling residents to engage in daily activities with confidence. Additionally, the water utility’s operations support local infrastructure and development, making Clarita a more attractive place to live and work. By prioritizing the efficient management of water resources, Clarita-Olney Water Company Inc enhances the sustainability of the community, ensuring that both current and future generations have access to this vital resource.




This information is meant to be a general summary of Clarita-Olney Water Company Inc. 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
$231,913 (2022)
Expenses
$228,035 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $271
  • Program Service Revenue: $231,642
  • Gross Receipts: $231,913

Assets and Liabilities:

  • Total Assets: $849,791
  • Total Liabilities: $9,583
  • Net Assets: $840,208

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Programs

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

Water Sales

Revenue

$216,907

Benefit Unit Sales

Revenue

$5,000

Other Fees

Revenue

$9,735

Organization Details

Founding Year

1968

Principal Officer

Clark Parker

Main Address

PO Box 81, Clarita, OK, 74535

NTEE Category

Code: W80 - Public benefit

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