Overview
What is Fallsvale Service Company?
Fallsvale Service Company is a locally-owned entity based in Forest Falls, California, serving a remote mountain community. Its primary purpose is to manage the water supply and distribution within the area. The company is responsible for locating, extracting, storing, and distributing water, ensuring a steady water source for the community's residents. The residents hold water shares in this cooperative system, demonstrating their collective involvement in maintaining this essential service.
Is Fallsvale Service Company legitimate?
Fallsvale Service Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fallsvale Service 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $107,828
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What is the mission statement of Fallsvale Service Company?
Fallsvale Service Company is dedicated to supplying and distributing water to a secluded mountain community. Their mission is to ensure a reliable water source for the residents, as evidenced by their practice of locating, extracting, storing, and distributing water. The community members hold water shares within this company, indicating their investment and commitment to this essential service.
Who is the CEO of Fallsvale Service Company?
Mike Hagelgantz is the President of Fallsvale Service Company.
What is the revenue of Fallsvale Service Company?
Fallsvale Service Company's revenue in 2023 was $238,962.
Who are the executives of Fallsvale Service Company and what are their salaries?
The average compensation at Fallsvale Service Company during 2023 was $26,957. There are 4 employees and 5 volunteers at Fallsvale Service Company.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Fallsvale Service Company?
Fallsvale Service Company's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Fallsvale Service Company
Fallsvale Service Company, a water supply and distribution organization, is dedicated to locating, extracting, storing, and distributing water for a remote mountain community. The company's primary mission is to ensure a reliable water supply for its residents, as evidenced by the water shares held by the residents of Forest Falls, CA. Fallsvale Service Company's role is pivotal in providing this essential resource, enabling the community to thrive in its isolated location. The company's commitment to water supply and distribution is vital for the well-being and daily activities of the community members, demonstrating its dedication to serving the needs of its community.
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Impact
October, 2024
Fallsvale Service Company plays a vital role in ensuring the accessibility of clean water for the residents of Forest Falls, CA, a remote mountain community. By locating, extracting, storing, and distributing water, it addresses a fundamental need for the residents, promoting health and well-being in the area. The company’s commitment to providing reliable water supply directly impacts the quality of life in the community, supporting both households and local activities.
This service fosters a sense of community ownership, as water shares are held by the residents themselves, ensuring that the needs of the people are prioritized. The ability to maintain access to a crucial resource like water not only sustains everyday life but also enhances the resilience of Forest Falls against potential environmental challenges. Ultimately, Fallsvale Service Company’s efforts create a framework for public benefit, fostering a sustainable and thriving community.
This information is meant to be a general summary of Fallsvale Service 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 2023.
- Investment Income: -$28,939
- Program Service Revenue: $267,901
- Gross Receipts: $268,416
Assets and Liabilities:
- Total Assets: $982,004
- Total Liabilities: $268,737
- Net Assets: $713,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessm
Revenue
$267,901
Organization Details
Founding Year
1925
Phone
(909) 794-3896Principal Officer
Mike Hagelgantz
Main Address
PO Box 23, Forest Falls, CA, 92339
NTEE Category
Code: W80 - Public benefit
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