Overview
What is Banning Heights Mutual Water Co?
Banning Heights Mutual Water Company is a nonprofit organization situated in Banning, California, specifically at 7091 Bluff Street. Their primary mission is to provide essential water services to their shareholders on a not-for-profit basis. This community-focused organization, with a modest workforce of five employees, ensures that the shareholders in its jurisdiction have access to this vital resource. The company does not generate profit from this service, maintaining a commitment to the well-being of its shareholders.
Is Banning Heights Mutual Water Co legitimate?
Banning Heights Mutual Water Co is a legitimate nonprofit organization registered as a 501(c)(12) entity. Banning Heights 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: $11,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Banning Heights Mutual Water Co?
Banning Heights Mutual Water Company operates with a mission to provide water to its shareholders on a not-for-profit basis. This means the company's primary objective is to supply water to its shareholders without seeking profit, ensuring that the cost of water is kept at a reasonable level for its beneficiaries. The company's operations are centered around this mission, ensuring that water is accessible and affordable for those who hold shares in the company. The company's activities are guided by this not-for-profit mission, aiming to maintain a sustainable water supply system for its shareholders.
Who is the CEO of Banning Heights Mutual Water Co?
Julie Hutchinson is the Director of Banning Heights Mutual Water Co.
What is the revenue of Banning Heights Mutual Water Co?
Banning Heights Mutual Water Co's revenue in 2022 was $823,693.
Who are the executives of Banning Heights Mutual Water Co and what are their salaries?
The average compensation at Banning Heights Mutual Water Co during 2022 was $2,200. There are 5 employees at Banning Heights Mutual Water Co.
Here are 5 key members and their salaries:
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
Where can I find the form 990 for Banning Heights Mutual Water Co?
Banning Heights Mutual Water Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Banning Heights Mutual Water Co
Banning Heights Mutual Water Company is dedicated to providing water to its shareholders on a not-for-profit basis. This mission is at the heart of the company's activities, ensuring that its shareholders have access to essential water resources without incurring profit-driven costs. By adhering to this mission, Banning Heights Mutual Water Company demonstrates its commitment to its community and its shareholders, prioritizing their needs over financial gain.
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Impact
October, 2024
Banning Heights Mutual Water Co significantly enhances the quality of life for its shareholders by ensuring reliable access to water. By operating on a not-for-profit basis, the company focuses on providing essential water services to its community without the commercial pressures that often drive higher costs in for-profit models. This approach enables shareholders to benefit from affordable water, fostering sustainability and support for public health.
Located in Banning, CA, the company plays a vital role in managing local water resources, maintaining infrastructure, and ensuring that environmental standards are met. By prioritizing the needs of its community, Banning Heights Mutual Water Co contributes to regional stability and the well-being of its residents, promoting responsible stewardship of water resources and enhancing public benefit.
This information is meant to be a general summary of Banning Heights 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $82
- Program Service Revenue: $716,788
- Gross Receipts: $823,693
Assets and Liabilities:
- Total Assets: $1,292,576
- Total Liabilities: $0
- Net Assets: $1,292,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SALESFEESASSMTS
Revenue
$715,372
STOCK TRANSFER FEES
Revenue
$1,416
Organization Details
Founding Year
1913
Principal Officer
Julie Hutchinson
Main Address
7091 BLUFF STREET, BANNING, CA, 92220
NTEE Category
Code: W80 - Public benefit
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