Overview
What is Thermic Mutual Water Company?
Thermic Mutual Water Company is a nonprofit organization situated in Moorpark, California. Its primary mission is to provide and maintain a reliable water supply system for its shareholders. The company covers all operating expenses and capital additions necessary to ensure a constant water supply. Funds are set aside for capital improvements and to cover the cost of maintaining the water supply system, with all funds being allocated solely for their intended purpose. The organization charges its shareholders for water usage, which is considered program service revenue.
Is Thermic Mutual Water Company legitimate?
Thermic Mutual Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Thermic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Thermic Mutual Water Company?
The Thermic Mutual Water Company's primary purpose is to ensure a reliable water supply for its shareholders. This entails covering operating costs and making necessary capital additions. The funds set aside for capital improvements and the maintenance of the water supply system are strictly used for their intended purposes. The company provides water to its shareholders, who are billed based on their water usage. All expenses, including the upkeep of the water distribution system, are covered by the company. The collected revenue from water bills is considered program service revenue, furthering the company's mission.
Who is the CEO of Thermic Mutual Water Company?
Joshua L Waters is the President of Thermic Mutual Water Company.
What is the revenue of Thermic Mutual Water Company?
Thermic Mutual Water Company's revenue in 2022 was $206,880.
Who are the executives of Thermic Mutual Water Company and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Thermic Mutual Water Company?
Thermic Mutual Water Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thermic Mutual Water Company
Thermic Mutual Water Company, as its purpose, is dedicated to supplying water and maintaining a reliable water supply system for its shareholders. This mission encompasses covering operating costs and making necessary capital additions. The company sets aside funds for capital improvements and the upkeep of the water supply system, ensuring that all resources are utilized for their intended purpose. The company provides water to its shareholders, who are billed based on their water usage. These billings are considered program service revenue for Thermic Mutual Water Company. In essence, the company's role is to ensure a consistent water supply for its shareholders, with a focus on managing costs and maintaining the water distribution system effectively.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Thermic Mutual Water Company plays a vital role in ensuring a reliable water supply for its shareholders in Moorpark, California. By maintaining a dedicated water supply system, the company addresses the essential needs of the community, allowing residents to access water for various purposes, from daily living to agricultural use.
The company manages all operational costs and capital improvements, ensuring that the water distribution system remains functional and up-to-date. Funds collected from members are used specifically for these capital enhancements and maintenance activities, thereby ensuring that the water supply is not only consistent but also sustainable over time.
For shareholders, this means not only having access to water but also the knowledge that their contributions directly support the infrastructure that delivers this essential resource. The focus on restricted use of funds for intended purposes ensures accountability and transparency, reinforcing trust among members. Through its ongoing operations, Thermic Mutual Water Company significantly impacts the local community by providing essential services and contributing to the overall well-being of its residents.
This information is meant to be a general summary of Thermic 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $21,088
- Program Service Revenue: $185,792
- Gross Receipts: $326,674
Assets and Liabilities:
- Total Assets: $171,758
- Total Liabilities: $49,199
- Net Assets: $122,559
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSM
Revenue
$50,110
SALE OF IRRIGATION WATER
Revenue
$135,682
Organization Details
Founding Year
1931
Phone
(805) 485-2919Principal Officer
Joshua L Waters
Main Address
10865 BROADWAY ROAD, MOORPARK, CA, 93021
NTEE Category
Code: W80 - Public benefit
If you are a representative of Thermic Mutual Water Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.