Folsom Lake Mutual Water Company

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

EIN: 942337162 ✦ Granite bay, CA ✦ Designated as a 501(c)(12)

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Overview

What is Folsom Lake Mutual Water Company?

Folsom Lake Mutual Water Company is a community-based water service provider situated in Granite Bay, California. As a mutual water company, it caters to the water needs of 102 local members, acting as a vital resource for the area. While the information provided does not detail its specific activities or mission, it can be inferred that the company's primary function is to ensure a reliable water supply to its members, fostering a sense of shared responsibility and community within the service area.


Official website here: www.flmwc.org

Is Folsom Lake Mutual Water Company legitimate?

Folsom Lake Mutual Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Folsom Lake Mutual Water Company submitted a form 990EZ, 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.


Official website here: www.flmwc.org

What is the mission statement of Folsom Lake Mutual Water Company?

Folsom Lake Mutual Water Company, as a mutual water company, serves 102 members in Granite Bay, California. While the provided information does not include an explicit mission statement, it can be inferred that their primary mission is to provide reliable water services to their members, ensuring their water needs are met. However, without further details, it's challenging to specify other aspects of their mission, such as community involvement, environmental sustainability, or customer support.


Official website here: www.flmwc.org

Who is the CEO of Folsom Lake Mutual Water Company?

Alan Johnston is the President of Folsom Lake Mutual Water Company.


Official website here: www.flmwc.org

What is the revenue of Folsom Lake Mutual Water Company?

Folsom Lake Mutual Water Company's revenue in 2022 was $181,554.


Official website here: www.flmwc.org

Who are the executives of Folsom Lake Mutual Water Company and what are their salaries?


Here are 4 key members and their salaries:


Alan Johnston (President)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
John Schabinger (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Grenfell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noel Magana (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.flmwc.org

Where can I find the form 990EZ for Folsom Lake Mutual Water Company?

Folsom Lake Mutual Water Company's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.flmwc.org

Learn more at the official website: www.flmwc.org

Mission Statement of Folsom Lake Mutual Water Company

Folsom Lake Mutual Water Company, as a mutual water company, is dedicated to providing water services to its 102 members. In essence, its mission is to ensure the reliable delivery of water, acting as a vital resource for the community it serves. This mission is carried out with a focus on the needs of its members, positioning Folsom Lake Mutual Water Company as a responsible and dedicated water provider.

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Impact




October, 2024

Folsom Lake Mutual Water Company plays a critical role in providing reliable water services to its 102 members in Granite Bay, California. By ensuring access to clean and safe water, the company supports the local community's needs and enhances the quality of life for its residents. This mutual water company operates with a focus on public benefit, contributing to sustainable water management and fostering community collaboration. Its impact extends beyond immediate water supply, as it also promotes responsible resource usage and environmental stewardship in the region.




This information is meant to be a general summary of Folsom Lake 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.

Revenue
$181,554 (2022)
Expenses
$240,321 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $181,554

Assets and Liabilities:

  • Total Assets: $105,461
  • Total Liabilities: $0
  • Net Assets: $105,461

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Organization Details

Principal Officer

Alan Johnston

Main Address

6514 MIMUS LANE, GRANITE BAY, CA, 95746

NTEE Category

Code: W80 - Public benefit

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