Rural Area Development Water User Cooperative

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

EIN: 856011566 ✦ Tucumcari, NM ✦ Designated as a 501(c)(12)

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Overview

What is Rural Area Development Water User Cooperative?

The Rural Area Development Water User Cooperative is a public utility situated in Tucumcari, New Mexico. Its primary goal is to ensure the provision and delivery of water services to its cooperative members. The cooperative is dedicated to rural water distribution, serving as a vital resource for the community.

Is Rural Area Development Water User Cooperative legitimate?

Rural Area Development Water User Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rural Area Development Water User Cooperative 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: $70,386

For more financial information, click here

What is the mission statement of Rural Area Development Water User Cooperative?

The Rural Area Development Water User Cooperative, serving as a public utility, is committed to its mission. This mission involves providing water and essential services to its cooperative members, focusing on rural water distribution. The cooperative strives to ensure a reliable supply of water, fulfilling its responsibility to its members and contributing to their daily needs.

Who is the CEO of Rural Area Development Water User Cooperative?

Larry Young is the Director of Rural Area Development Water User Cooperative.

What is the revenue of Rural Area Development Water User Cooperative?

Rural Area Development Water User Cooperative's revenue in 2022 was $162,524.

Who are the executives of Rural Area Development Water User Cooperative and what are their salaries?

The average compensation at Rural Area Development Water User Cooperative during 2022 was $11,731. There are 6 employees at Rural Area Development Water User Cooperative.


Here are 9 key members and their salaries:


Jim Norris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Farrow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesa Floeck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janie Hoffman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Young (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Box (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Lafferty (Sec/Treasurer)
  • Compensation: $21,878
  • Related: $0
  • Other: $0
Jason Lafferty (Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rural Area Development Water User Cooperative?

Rural Area Development Water User Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rural Area Development Water User Cooperative

Rural Area Development Water User Cooperative, a public utility, is committed to fulfilling its mission. This mission primarily revolves around providing water and essential services to its cooperative members, focusing on rural water distribution. The cooperative serves as a vital resource, ensuring the availability of water for its members, thereby contributing to their daily needs and overall well-being. By engaging in rural water distribution, this organization plays a crucial role in the communities it serves, ensuring a basic necessity is accessible to all members.

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Impact




October, 2024

The Rural Area Development Water User Cooperative significantly enhances the quality of life for its members by providing reliable and accessible water distribution in Tucumcari, NM. By ensuring a consistent supply of water, it supports both daily living needs and agricultural activities, which are vital for rural communities.

This cooperative fosters community engagement by involving members in governance and decision-making processes, promoting a sense of ownership and responsibility among residents. The focus on rural water distribution not only helps in sustaining local economies but also contributes to public health by ensuring access to clean drinking water, thus reducing the risks associated with waterborne diseases.

Additionally, the cooperative plays a critical role in promoting sustainable water management practices, which is essential in areas that may face water scarcity or environmental challenges. By prioritizing conservation and responsible usage, the cooperative helps to secure water resources for future generations.

Overall, the Rural Area Development Water User Cooperative bolsters community resilience, enhances public health, and supports economic stability through effective water service delivery.




This information is meant to be a general summary of Rural Area Development Water User Cooperative. 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
$162,524 (2022)
Expenses
$134,468 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,475
  • Gross Receipts: $230,702

Assets and Liabilities:

  • Total Assets: $475,590
  • Total Liabilities: $1,430
  • Net Assets: $474,160

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Organization Details

Founding Year

1963

Principal Officer

Larry Young

Main Address

PO BOX 296, TUCUMCARI, NM, 88401

NTEE Category

Code: W80 - Public benefit

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