Overview
What is Lone Tree Mutual Water Company?
Lone Tree Mutual Water Company is a California-based corporation, specifically located at 5002 West El Nido Road, El Nido. Its primary mission is to provide irrigation water to its members, catering to lands with irrigatable share-acres within its service area. The company is also dedicated to enhancing surface and subsurface drainage on these lands, promoting soil, water, and drainage conservation activities. Additionally, Lone Tree Mutual Water Company works towards acquiring and managing contractual and appropriative rights for irrigation water, as well as distributing water from riparian rights of its members, aiming to improve the land and supply water for irrigation purposes. With a small workforce of only 8 employees, the company serves its members effectively in its area of operation.
Is Lone Tree Mutual Water Company legitimate?
Lone Tree Mutual Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lone Tree Mutual Water Company 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: $154,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,163
For more financial information, click here
What is the mission statement of Lone Tree Mutual Water Company?
Lone Tree Mutual Water Company is established with the primary purpose of supplying irrigation water to its members within its service area. The corporation also focuses on providing assistance for surface and subsurface drainage, promoting soil, water, and drainage conservation activities, and acquiring and administering irrigation water rights. Additionally, Lone Tree Mutual Water Company distributes water available under riparian rights and works towards improving the land for irrigation purposes. In summary, the company's mission is to support its members' agricultural needs by providing essential water services and facilitating land improvement activities.
Who is the CEO of Lone Tree Mutual Water Company?
Richie Iest is the President of Lone Tree Mutual Water Company.
What is the revenue of Lone Tree Mutual Water Company?
Lone Tree Mutual Water Company's revenue in 2022 was $6,488,094.
Who are the executives of Lone Tree Mutual Water Company and what are their salaries?
The average compensation at Lone Tree Mutual Water Company during 2022 was $59,627. There are 8 employees at Lone Tree Mutual Water Company.
Here are 5 key members and their salaries:
- Compensation: $154,852
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lone Tree Mutual Water Company?
Lone Tree Mutual Water Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lone Tree Mutual Water Company
Lone Tree Mutual Water Company is established with a primary objective to cater to the irrigation needs of its members. The corporation's mission encompasses the development, distribution, and supply of water for irrigation purposes within its designated service area. Beyond this, Lone Tree Mutual Water Company also aims to assist in the provision of both surface and subsurface drainage for the lands within its service area. The organization is committed to promoting and undertaking soil, water, and drainage conservation activities on these lands.
Furthermore, Lone Tree Mutual Water Company is engaged in the acquisition, preservation, and administration of contractual and appropriative rights for irrigation water. This enables the company to distribute water available under the riparian rights of its members and contribute to the improvement of their lands. By providing water for irrigation purposes, Lone Tree Mutual Water Company plays a significant role in supporting the growth and development of the lands within its service area.
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Impact
October, 2024
Lone Tree Mutual Water Company plays a crucial role in the agricultural landscape of its service area by ensuring the sustainable delivery and management of irrigation water to its members. Its primary focus is on developing, selling, and distributing water specifically for irrigation purposes, which is essential for maintaining crop production and supporting the livelihoods of local farmers in El Nido, CA.
In addition to its water supply efforts, the company is dedicated to enhancing land management through surface and subsurface drainage support. This initiative is vital for preventing waterlogging and soil erosion, thereby promoting healthier agricultural practices. The organization also engages in soil, water, and drainage conservation activities, which are increasingly important in the context of climate change and resource scarcity.
Furthermore, Lone Tree Mutual Water Company actively works to acquire and preserve water rights, ensuring that its members have secure access to the water they need for irrigation. By distributing water based on the riparian rights of its members, the company contributes to the responsible management of vital water resources. Overall, its impact extends beyond water distribution, fostering agricultural resilience and sustainable land use in the region, while supporting the production of food through effective irrigation practices.
This information is meant to be a general summary of Lone Tree Mutual Water Company. 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.
- Investment Income: $885
- Program Service Revenue: $6,422,215
- Gross Receipts: $6,488,094
Assets and Liabilities:
- Total Assets: $9,930,709
- Total Liabilities: $5,066,398
- Net Assets: $4,864,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Member Assessments
Revenue
$1,967,580
Water Tolls
Revenue
$4,454,635
Organization Details
Founding Year
1990
Phone
(209) 722-3997Principal Officer
Richie Iest
Main Address
5002 West El Nido Road, El Nido, CA, 95317
NTEE Category
Code: K20 - Food
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