Overview
What is Nuevo Water Co?
Nuevo Water Co is a nonprofit organization primarily focused on the acquisition and distribution of water, serving as a Mutual Water Company. The company boasts a diverse shareholder base, comprising 1,212 domestic stockholders, 555.75 irrigators, and 1,787 common stockholders. Based in Nuevo, California, the organization operates with a modest workforce of eight individuals, dedicated to providing water services in the region.
Official website here: www.nuevowater.com
Is Nuevo Water Co legitimate?
Nuevo Water Co is a legitimate nonprofit organization registered as a 501(c)(12) entity. Nuevo 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: $232,730
Professional Fundraising Fees: $0
Other Salaries and Wages: $500,136
For more financial information, click here
Official website here: www.nuevowater.com
What is the mission statement of Nuevo Water Co?
Nuevo Water Co's primary purpose is centered around the acquisition and distribution of water. This mission is carried out through its partnership with Mutual Water Company, with shares held by 1,210 domestic stockholders, 555.75 irrigators, and 1,787 common stockholders. The company's role involves the procurement and distribution of water, contributing to the supply needs of its stakeholders.
Official website here: www.nuevowater.com
What is the revenue of Nuevo Water Co?
Nuevo Water Co's revenue in 2024 was $2,574,789.
Official website here: www.nuevowater.com
Who are the executives of Nuevo Water Co and what are their salaries?
The average compensation at Nuevo Water Co during 2024 was $61,072. There are 12 employees at Nuevo Water Co.
Here are 8 key members and their salaries:
- Compensation: $163,664
- Related: $0
- Other: $4,795
- Compensation: $134,999
- Related: $0
- Other: $4,004
- Compensation: $103,113
- Related: $0
- Other: $1,038
- Compensation: $4,275
- Related: $0
- Other: $26,932
- Compensation: $7,210
- Related: $0
- Other: $0
- Compensation: $5,780
- Related: $0
- Other: $0
- Compensation: $5,120
- Related: $0
- Other: $0
- Compensation: $5,070
- Related: $0
- Other: $0
Official website here: www.nuevowater.com
Where can I find the form 990 for Nuevo Water Co?
Nuevo Water Co's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.nuevowater.com
Learn more at the official website: www.nuevowater.com
Mission Statement of Nuevo Water Co
Nuevo Water Co, as a mutual water company, is dedicated to the acquisition and distribution of water. This mission is carried out through the ownership of various types of shares, including domestic stock, irrigation stock, and common stock, held by 1,212, 555.75, and 1,787 member shareholders, respectively. The company's activities revolve around the procurement and dissemination of water, serving as a crucial provider in this essential service sector.
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Impact
October, 2024
Nuevo Water Co plays a crucial role in providing access to water in the Nuevo, California area. With a focus on the acquisition and distribution of water, it operates as a mutual water company benefiting various stakeholders, including domestic, irrigation, and common stock shareholders.
The company serves 121 domestic shareholders, who rely on a consistent supply of water for their households, fostering community well-being. Additionally, it supports 555.75 shareholders involved in irrigation, facilitating agricultural activities and ensuring local food production is sustainable. With 1,787 common shareholders, Nuevo Water Co underpins general community needs, enhancing quality of life and promoting economic stability.
Through its mission, Nuevo Water Co not only meets essential water needs but also promotes public benefit by creating a reliable infrastructure that supports both individual households and agricultural enterprises, thereby contributing significantly to the local ecosystem and economy. The focus on community ownership helps ensure that the priorities and interests of its shareholders are represented in its operations, fostering a collaborative approach to resource management in the region.
This information is meant to be a general summary of Nuevo 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 2024.
- Investment Income: $64,258
- Program Service Revenue: $2,506,481
- Gross Receipts: $2,574,789
Assets and Liabilities:
- Total Assets: $5,889,389
- Total Liabilities: $143,613
- Net Assets: $5,745,776
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WATER SERVICES FEES
Revenue
$2,506,481
Organization Details
Founding Year
1913
Principal Officer
Scott Sewell
Website
www.nuevowater.comNTEE Category
Code: W80 - Public benefit
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