Spanish Lakes Mutal Water Company

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

EIN: 770567105 ✦ Atascadero, CA ✦ Designated as a 501(c)(12)

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Overview

What is Spanish Lakes Mutal Water Company?

The Spanish Lakes Mutal Water Company is a mutual water organization situated in Atascadero, California, specifically at 8330 Morro Road (ZIP 93422). Its primary mission is to manage and operate a water utility system, catering to the needs of property owners within the Spanish Lakes residential community. This nonprofit entity works diligently to ensure a reliable water supply for its members, thereby contributing positively to the community's overall well-being.

Is Spanish Lakes Mutal Water Company legitimate?

Spanish Lakes Mutal Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Spanish Lakes Mutal 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Spanish Lakes Mutal Water Company?

The Spanish Lakes Mutual Water Company is dedicated to managing and operating a mutual water system with the primary objective of serving the property owners within the Spanish Lakes residential community. Their mission is geared towards ensuring the efficient provision and management of water services, prioritizing the needs and interests of the community members. The company's activities are centered around maintaining the water infrastructure, ensuring the delivery of clean and reliable water, and addressing any related concerns or issues that may arise for the property owners. The company's mission essentially aims to enhance the quality of life for the residents of the Spanish Lakes community by providing essential water services in a responsible and beneficial manner.

What is the revenue of Spanish Lakes Mutal Water Company?

Spanish Lakes Mutal Water Company's revenue in 2023 was $99,600.

Who are the executives of Spanish Lakes Mutal Water Company and what are their salaries?

Here are 3 key members and their salaries:


Bob Fair (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Thomas (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Hagen (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Spanish Lakes Mutal Water Company?

Spanish Lakes Mutal Water Company's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Spanish Lakes Mutal Water Company

Spanish Lakes Mutual Water Company, as a mutual water company, is dedicated to managing and operating its services for the benefit of the property owners residing in the Spanish Lakes residential community. Its mission is to ensure the reliable and efficient delivery of water, ensuring the well-being and comfort of the community's residents. By managing and operating the water company, Spanish Lakes Mutual Water Company aims to contribute to the overall quality of life for its members, ensuring a clean and reliable water supply that meets their needs. The company's primary goal is to serve the community, ensuring that property owners can enjoy the benefits of living in the Spanish Lakes residential community.

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Impact




October, 2024

Spanish Lakes Mutual Water Company plays a vital role in the community by managing and operating a mutual water system specifically designed for the property owners of the Spanish Lakes residential area. This ensures that residents have reliable access to clean and safe water, essential for daily living and maintaining the quality of life in the community. By focusing on the collective needs of the property owners, the company fosters a sense of collaboration and mutual benefit among residents, enhancing communal ties and supporting sustainable water management practices.




This information is meant to be a general summary of Spanish Lakes Mutal 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.

Revenue
$99,600 (2023)
Expenses
$72,740 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,206
  • Program Service Revenue: $98,394
  • Gross Receipts: $99,600

Assets and Liabilities:

  • Total Assets: $564,346
  • Total Liabilities: $0
  • Net Assets: $564,346

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Programs

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

WATER COMPANY INCOME

Revenue

$98,394

Organization Details

Principal Officer

Bob Fair

NTEE Category

Code: Y22 - Mutual benefit

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