Overview
What is Las Lomas Mutual Water Company?
Las Lomas Mutual Water Company is a nonprofit organization, established under the Nonprofit Mutual Benefit Corporation Law, situated in Somis, California. Their primary mission is to provide irrigation water to its members at cost-effective rates, covering the actual cost and necessary expenses. As a mutual benefit corporation, their purpose is centered around the development, acquisition, distribution, and supply of water for irrigation purposes. The company serves its members effectively, demonstrating its commitment to sustainable water management.
Is Las Lomas Mutual Water Company legitimate?
Las Lomas Mutual Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Las Lomas 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Las Lomas Mutual Water Company?
Las Lomas Mutual Water Company, a nonprofit organization, is structured under the Nonprofit Mutual Benefit Corporation Law. Its primary purpose is to develop, acquire, distribute, supply, and deliver irrigation water to its members, charging them the actual cost plus necessary expenses. The company's mission is centered around serving its members effectively, ensuring they have access to sufficient irrigation water.
Who is the CEO of Las Lomas Mutual Water Company?
Knowles Marie is the Secretary of Las Lomas Mutual Water Company.
What is the revenue of Las Lomas Mutual Water Company?
Las Lomas Mutual Water Company's revenue in 2022 was $202,165.
Who are the executives of Las Lomas Mutual Water Company and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Las Lomas Mutual Water Company?
Las Lomas Mutual Water Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Las Lomas Mutual Water Company
Las Lomas Mutual Water Company, abbreviated as LLMWC, is a nonprofit organization operating under the Nonprofit Mutual Benefit Corporation Law. Its primary mission is to develop, acquire, distribute, supply, and deliver irrigation water to its members at a cost that covers the actual expenses and any necessary additional costs. In essence, LLMWC exists to ensure a reliable water supply for its members, keeping the cost affordable and sustainable. The company's purpose is to cater to the irrigation needs of its members, thereby contributing to their agricultural activities in an efficient and cost-effective manner.
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Impact
October, 2024
Las Lomas Mutual Water Company plays a crucial role in providing reliable irrigation water to its members in Somis, California. By developing, acquiring, distributing, and delivering water specifically for agricultural purposes, LLMWC enables local farmers to sustain and enhance their agricultural productivity. The cooperative structure of LLMWC ensures that water is supplied at actual cost, making it a vital resource for the community while promoting sustainable agricultural practices. This model not only supports the livelihoods of its members but also contributes to the overall economic well-being of the region, fostering a resilient agricultural economy.
This information is meant to be a general summary of Las Lomas 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.
- Gross Receipts: $202,165
Assets and Liabilities:
- Total Assets: $148,584
- Total Liabilities: $127,676
- Net Assets: $20,908
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Organization Details
Founding Year
2016
Principal Officer
Knowles Marie
Main Address
PO Box 828, Somis, CA, 93066
NTEE Category
Code: Y22 - Mutual benefit
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