Silver Springs Mutual Water Co

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

EIN: 880117387 ✦ Silver springs, NV ✦ Designated as a 501(c)(12)

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Overview

What is Silver Springs Mutual Water Co?

Silver Springs Mutual Water Company is a nonprofit organization located in Silver Springs, Nevada. Their primary mission is to provide municipal water services to the community and surrounding areas. With a team of seven dedicated employees, they oversee the distribution of water, ensuring it reaches all the users in their jurisdiction. The company's activities are centered around the provision of this essential resource, contributing to the well-being and daily needs of the community they serve.


Official website here: www.silverspringsmwc.com

Is Silver Springs Mutual Water Co legitimate?

Silver Springs Mutual Water Co is a legitimate nonprofit organization registered as a 501(c)(12) entity. Silver Springs Mutual Water Co 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: $77,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $283,989

For more financial information, click here


Official website here: www.silverspringsmwc.com

What is the mission statement of Silver Springs Mutual Water Co?

Silver Springs Mutual Water Company's mission revolves around providing municipal water services. Specifically, their objective is to distribute clean water to the users in Silver Springs, Nevada, and the surrounding area. The company is committed to ensuring the reliable and continuous supply of water, contributing to the overall well-being of the community. By fulfilling its role as a municipal water service provider, Silver Springs Mutual Water Company plays a significant part in maintaining the daily lives and health of its customers.


Official website here: www.silverspringsmwc.com

Who is the CEO of Silver Springs Mutual Water Co?

Matt Martensen is the President of Silver Springs Mutual Water Co.


Official website here: www.silverspringsmwc.com

What is the revenue of Silver Springs Mutual Water Co?

Silver Springs Mutual Water Co's revenue in 2022 was $1,240,390.


Official website here: www.silverspringsmwc.com

Who are the executives of Silver Springs Mutual Water Co and what are their salaries?

The average compensation at Silver Springs Mutual Water Co during 2022 was $51,658. There are 7 employees and 7 volunteers at Silver Springs Mutual Water Co.


Here are 8 key members and their salaries:


Gregory Peek (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Noble (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Scott Keller (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Avis Moniz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peggy Yon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joyce Jenkins (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacquelyn Picciani (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Martensen (General Manager)
  • Compensation: $76,910
  • Related: $0
  • Other: $14,043


Official website here: www.silverspringsmwc.com

Where can I find the form 990 for Silver Springs Mutual Water Co?

Silver Springs Mutual Water Co's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.silverspringsmwc.com

Learn more at the official website: www.silverspringsmwc.com

Mission Statement of Silver Springs Mutual Water Co

Silver Springs Mutual Water Co is dedicated to providing municipal water service as its mission. In simpler terms, this organization is primarily focused on the distribution of water within its community, specifically in Silver Springs, Nevada, and its surrounding areas. By serving as a municipal water service provider, Silver Springs Mutual Water Co plays a crucial role in ensuring a steady water supply for its users, thereby contributing to the overall well-being and livelihood of the community it serves.

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Impact




October, 2024

Silver Springs Mutual Water Co significantly impacts the community by providing essential municipal water services to the residents of Silver Springs, NV, and the surrounding areas. By ensuring reliable access to clean and safe drinking water, it plays a crucial role in supporting public health, sanitation, and overall quality of life for its users. The company’s mission to distribute water effectively addresses the vital needs of the population, facilitating both residential living and community development. Through its operations, Silver Springs Mutual Water Co fosters environmental sustainability and responsible resource management, ultimately contributing to the well-being and growth of the Silver Springs community.




This information is meant to be a general summary of Silver Springs Mutual Water Co. 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
$1,240,390 (2022)
Expenses
$1,258,875 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,593
  • Program Service Revenue: $1,019,860
  • Gross Receipts: $1,240,390

Assets and Liabilities:

  • Total Assets: $8,992,583
  • Total Liabilities: $2,142,289
  • Net Assets: $6,850,294

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Programs

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

WATER SALES AND RELATE

Revenue

$1,019,860

Organization Details

Founding Year

1952

Principal Officer

Matt Martensen

Main Address

PO BOX 285, SILVER SPRINGS, NV, 89429

NTEE Category

Code: W80 - Public benefit

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