Overview
What is Picacho Peak Water Company?
Picacho Peak Water Company is a nonprofit utility, serving as a reliable water provider for its members in Red Rock, Arizona. Established with a mission to ensure safe water supply, the company sells water to its members, charging based on usage and meter size, as approved by the Arizona Corporation Commission. The revenue collected is utilized to operate the utility and cover associated costs, while also enabling necessary upgrades and repairs to the aging water system. The company operates with a member-owned structure, selling water to both commercial and residential entities, including single-family homes and multi-family buildings, as well as bulk connections.
Is Picacho Peak Water Company legitimate?
Picacho Peak Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Picacho Peak 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Picacho Peak Water Company?
Picacho Peak Water Company, as a member-owned not-forprofit entity, is committed to delivering a safe and reliable potable water supply to its members. Its primary goal is to maintain and upgrade the water system to ensure its reliability. The company sells water to its members, charging based on usage and meter size, as approved by the Arizona Corporation Commission. The revenue collected is utilized to operate the utility and cover the associated costs. Additionally, funds are set aside for making upgrades and carrying out necessary repairs to the aging water system.
Who is the CEO of Picacho Peak Water Company?
Michael Wirth is the President of Picacho Peak Water Company.
What is the revenue of Picacho Peak Water Company?
Picacho Peak Water Company's revenue in 2022 was $239,566.
Who are the executives of Picacho Peak Water Company and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Picacho Peak Water Company?
Picacho Peak Water Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Picacho Peak Water Company
Picacho Peak Water Company, a member-owned not-for-profit entity, is dedicated to providing its community with a secure and uninterrupted supply of potable water. This utility's primary mission is to ensure the water it supplies is safe and reliable, while simultaneously maintaining and improving its water system. The company sells water to its members, basing the pricing on their water usage and meter size, as regulated by the Arizona Corporation Commission. The revenue collected from its members is utilized to cover operational expenses and associated costs, as well as to fund necessary upgrades and repairs to an aging water system.
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Impact
October, 2024
Picacho Peak Water Company significantly impacts its community by providing a reliable source of potable water to its members in Red Rock, Arizona. Serving 17 different connections, including commercial, multi-family, single-family, and bulk users, it sold over 25 million gallons of water in 2022, generating substantial revenue that supports the maintenance and upgrade of its water system. By charging members based on usage and meter size, the company ensures that everyone pays fairly for their water needs while fostering a sense of mutual benefit among its members. This focus on both service and sustainability helps strengthen the community and supports economic activity in the region.
This information is meant to be a general summary of Picacho Peak 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: $358
- Program Service Revenue: $239,208
- Gross Receipts: $239,566
Assets and Liabilities:
- Total Assets: $664,037
- Total Liabilities: $10,351
- Net Assets: $653,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Provision of water
Revenue
$239,208
Organization Details
Founding Year
1977
Phone
(602) 275-1710Principal Officer
Michael Wirth
Main Address
PO Box 1115, Red Rock, AZ, 85145
NTEE Category
Code: Y99 - Mutual benefit
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