Overview
What is Terrace Water Company?
Terrace Water Company is a public utilities organization established in Colton, California. Acting as a nonprofit, their primary mission is to supply water to their shareholders. Operating within this role, they ensure the continuous provision of this essential resource to their community.
Is Terrace Water Company legitimate?
Terrace Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Terrace 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: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,708
For more financial information, click here
What is the mission statement of Terrace Water Company?
Terrace Water Company's mission is centered around supplying water to its shareholders. Operating as a public utilities organization, the company is dedicated to ensuring a continuous water supply. Its primary goal is to meet the water needs of its shareholders, thereby contributing to their well-being. Although the information provided does not detail any further objectives or initiatives, it is evident that Terrace Water Company focuses on delivering a vital resource to its stakeholders.
Who is the CEO of Terrace Water Company?
Laura Corral-Flores is the President of Terrace Water Company.
What is the revenue of Terrace Water Company?
Terrace Water Company's revenue in 2022 was $969,097.
Who are the executives of Terrace Water Company and what are their salaries?
The average compensation at Terrace Water Company during 2022 was $28,301. There are 9 employees at Terrace Water Company.
Here are 5 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Terrace Water Company?
Terrace Water Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terrace Water Company
Terrace Water Company, as a public utilities organization, is dedicated to providing water to its shareholders. Its mission is centered around ensuring a steady supply of water to the individuals who hold shares in the company. This mission is crucial in maintaining the daily needs and well-being of these shareholders. Terrace Water Company operates with a commitment to delivering water services, demonstrating its role as a reliable provider in the water industry.
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Impact
October, 2024
Terrace Water Company significantly impacts the community by delivering essential water services to its shareholders in Colton, California. As a public utilities organization, it plays a vital role in ensuring access to clean and reliable water, which is fundamental for daily life, hygiene, and public health. By fulfilling this critical need, Terrace Water Company contributes to the overall well-being and quality of life in the region, supporting both residential and commercial needs. Its operations help foster a sense of community, as residents and businesses can rely on a consistent water supply, thereby promoting sustainable development and enhancing the local economy.
This information is meant to be a general summary of Terrace 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.
- Investment Income: $134
- Program Service Revenue: $968,963
- Gross Receipts: $969,097
Assets and Liabilities:
- Total Assets: $3,625,999
- Total Liabilities: $653,272
- Net Assets: $2,972,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BASIC CHARGES
Revenue
$33,742
GRANT INCOME
Revenue
$25,255
WATER USEAGE
Revenue
$909,966
Organization Details
Founding Year
1890
Phone
(909) 825-5224Principal Officer
Laura Corral-Flores
Main Address
PO BOX 640, COLTON, CA, 92324
NTEE Category
Code: W80 - Public benefit
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