Marygold Mutual Water Company

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

EIN: 950979740 ✦ Bloomington, CA ✦ Designated as a 501(c)(12)

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Overview

What is Marygold Mutual Water Company?

Marygold Mutual Water Company is a mutual organization based in Bloomington, California, serving both member-owners and local businesses. They are dedicated to providing clean water, and their operations involve the continuous maintenance process of removing and replacing perchlorate resin to ensure the stability of the system and deliver pure fresh water. Additionally, they have implemented new computer programs to meet the data requirements set forth by California Executive Order #N-42-20, which prohibits shutting off water services due to non-payment. Marygold Mutual Water Company's mission is centered around water delivery, ensuring its members and local businesses have reliable access to this essential resource.

Is Marygold Mutual Water Company legitimate?

Marygold Mutual Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Marygold Mutual Water 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: $9,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $433,206

For more financial information, click here

What is the mission statement of Marygold Mutual Water Company?

Marygold Mutual Water Company, as a mutual organization, provides water service to its member-owners and local businesses. Its mission is centered around maintaining the stability of its water system and delivering pure, fresh water. This is achieved through the ongoing process of removing and replacing perchlorate resin. Additionally, the company has implemented new computer programs to comply with California Executive Order #N-42-20, which prohibits shutting off water services due to non-payment. This commitment to providing reliable water service and adhering to regulatory requirements reflects Marygold Mutual Water Company's dedication to its community.

Who is the CEO of Marygold Mutual Water Company?

James H Pester is the President of Marygold Mutual Water Company.

What is the revenue of Marygold Mutual Water Company?

Marygold Mutual Water Company's revenue in 2023 was $1,765,324.

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


Here are 5 key members and their salaries:


Dayle Jamieson (Sect / Treas)
  • Compensation: $3,025
  • Related: $0
  • Other: $0
James H Pester (President)
  • Compensation: $1,760
  • Related: $0
  • Other: $0
Jefferson Randolph (Vice President)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
Vincent Franco (Board Member)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
Harvey Evans Jr (Board Member)
  • Compensation: $1,600
  • Related: $0
  • Other: $0
Where can I find the form 990 for Marygold Mutual Water Company?

Marygold Mutual Water Company's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Marygold Mutual Water Company

Marygold Mutual Water Company, as a mutual water company, is dedicated to providing water services to its member-owners and local businesses. Its primary mission is to ensure the delivery of pure, fresh water, which it accomplishes through an ongoing maintenance process that involves the complete removal and replacement of perchlorate resin. This process is crucial for maintaining the stability of the system and ensuring the quality of the water delivered.

In addition to its water service operations, Marygold Mutual Water Company is also committed to complying with California Executive Order #N-42-20. This involves implementing new computer programs to create the necessary data required by the order, which eliminates the shutting off of customers for non-payment of services. By doing so, the company demonstrates its commitment to serving its customers reliably and fairly, regardless of their financial circumstances. Overall, Marygold Mutual Water Company is a reliable provider of water services, dedicated to maintaining the quality of its water and serving its customers faithfully.

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Impact




October, 2024

Marygold Mutual Water Company significantly impacts its community by providing reliable water service to member owners and local businesses in Bloomington, California. One of its key initiatives includes the complete removal and replacement of perchlorate resin, a critical ongoing maintenance process that ensures the stability of the water system and guarantees the delivery of pure, fresh water to consumers.

Additionally, the company is actively implementing new computer programs that facilitate compliance with California Executive Order #N-42-20. This order aims to prevent the disconnection of service for non-payment, thus helping to ensure that all community members have access to essential water services, regardless of financial difficulties. By maintaining a commitment to quality water delivery and adapting to regulatory requirements, Marygold Mutual Water Company plays a crucial role in promoting public health and welfare in Bloomington.




This information is meant to be a general summary of Marygold 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
$1,765,324 (2023)
Expenses
$1,994,622 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $53,551
  • Program Service Revenue: $1,691,674
  • Gross Receipts: $1,765,324

Assets and Liabilities:

  • Total Assets: $9,123,281
  • Total Liabilities: $576,514
  • Net Assets: $8,546,767

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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

$1,691,674

Organization Details

Founding Year

1915

Principal Officer

James H Pester

Main Address

9725 ALDER, BLOOMINGTON, CA, 92316

NTEE Category

Code: W80 - Public benefit

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