Overview
What is Lake Lucerne Mutual Water Company?
The Lake Lucerne Mutual Water Company is a nonprofit organization, specifically established to cater to the irrigation needs of its shareholders. With a total of 1,000 outstanding shares, the company is owned and operated by 20 individuals. Its primary objective is to develop, distribute, supply, and deliver water exclusively for irrigation purposes, ensuring that the service is provided at cost to its shareholders. The company adheres to an exempt purpose, ensuring the sustainable and efficient use of water for irrigation purposes among its shareholders.
Is Lake Lucerne Mutual Water Company legitimate?
Lake Lucerne Mutual Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lake Lucerne 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.
What is the mission statement of Lake Lucerne Mutual Water Company?
The Lake Lucerne Mutual Water Company's primary mission is to serve its shareholders by providing irrigation water. With 1,000 outstanding shares among 20 shareholders, the company's objective is to develop, distribute, supply, and deliver irrigation water at cost. The exempt purpose of the organization is solely dedicated to serving its shareholders in this capacity. The Lake Lucerne Mutual Water Company operates with the aim of meeting the irrigation water needs of its members efficiently and effectively.
Who is the CEO of Lake Lucerne Mutual Water Company?
Laura O'Leary is the Secretary of Lake Lucerne Mutual Water Company. The CEO's salary of Lake Lucerne Mutual Water Company is $0 and their total compensation is $0.
What is the revenue of Lake Lucerne Mutual Water Company?
Lake Lucerne Mutual Water Company's revenue in 2022 was $126,325.
Who are the executives of Lake Lucerne Mutual Water Company and what are their salaries?
Here are 3 key members and their salaries (Lake Lucerne Mutual Water Company's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Lake Lucerne Mutual Water Company?
Lake Lucerne Mutual Water Company's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Lake Lucerne Mutual Water Company
Lake Lucerne Mutual Water Company is dedicated to serving its shareholders by providing them with water solely for irrigation purposes. This organization, with 1,000 outstanding shares among 20 shareholders, has an exempt mission to develop, distribute, supply, and deliver irrigation water at cost. The company's primary goal is to ensure that the shareholders have access to the necessary water for their irrigation needs, operating with the aim of keeping costs minimal. The Lake Lucerne Mutual Water Company's mission is to facilitate the irrigation of its shareholders' lands, contributing to their agricultural initiatives while maintaining a cost-effective approach.
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Impact
October, 2024
Lake Lucerne Mutual Water Company plays a vital role in providing irrigation water to its shareholders in Palo Alto, CA. By focusing exclusively on the delivery of water for agricultural use, it ensures that local farmers and landowners have access to essential resources for their operations. With 1,000 outstanding shares held by 20 shareholders, the company effectively manages and distributes water, emphasizing cost efficiency in its services.
This mutual structure allows for a collaborative approach to water management, fostering a sense of community among shareholders who benefit from a reliable supply of water. The emphasis on supplying water at cost further enhances the sustainability and viability of agricultural practices in the area, supporting local economies and promoting responsible land use. Overall, Lake Lucerne Mutual Water Company significantly impacts its community by safeguarding agricultural resources and enabling productive land use while maintaining a focus on shareholder collaboration and cost management.
This information is meant to be a general summary of Lake Lucerne 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: $126,325
Assets and Liabilities:
- Total Assets: $257,900
- Total Liabilities: $85,997
- Net Assets: $171,903
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Organization Details
Phone
(650) 854-7696Principal Officer
Laura O'Leary
Main Address
222 HIGH STREET, PALO ALTO, CA, 94301
NTEE Category
Code: Y22 - Mutual benefit
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