Lake Elizabeth Mutual Water Company

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

EIN: 952387166 ✦ Lake elizabeth, CA ✦ Designated as a 501(c)(12)

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Overview

What is Lake Elizabeth Mutual Water Company?

Lake Elizabeth Mutual Water Company, based in Lake Elizabeth, California, serves as a mutual water company that prioritizes supplying high-quality drinking water to its shareholders. With a mission to provide water services, the company operates with a dedicated workforce of four individuals. Their primary objective is to ensure the satisfaction of their shareholders' water needs, contributing to the overall well-being and comfort of the community.


Official website here: www.lakeelizabethwater.com

Is Lake Elizabeth Mutual Water Company legitimate?

Lake Elizabeth Mutual Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lake Elizabeth 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: $248,518

For more financial information, click here


Official website here: www.lakeelizabethwater.com

What is the mission statement of Lake Elizabeth Mutual Water Company?

The Lake Elizabeth Mutual Water Company has a mission to serve its shareholders by providing them with reliable and high-quality drinking water. This mission is carried out through the provision of water services, ensuring that the company meets the needs and expectations of its shareholders. The company's activities are centered around delivering clean and safe water, thereby contributing to the well-being and satisfaction of its shareholders.


Official website here: www.lakeelizabethwater.com

Who is the CEO of Lake Elizabeth Mutual Water Company?

Ray Chatterson is the Secretary of Lake Elizabeth Mutual Water Company.


Official website here: www.lakeelizabethwater.com

What is the revenue of Lake Elizabeth Mutual Water Company?

Lake Elizabeth Mutual Water Company's revenue in 2023 was $919,475.


Official website here: www.lakeelizabethwater.com

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

The average compensation at Lake Elizabeth Mutual Water Company during 2023 was $62,130. There are 4 employees at Lake Elizabeth Mutual Water Company.


Here are 5 key members and their salaries:


Ray Chatterson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray Moreau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Browning (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Brown (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Zongker (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakeelizabethwater.com

Where can I find the form 990 for Lake Elizabeth Mutual Water Company?

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


Official website here: www.lakeelizabethwater.com

Learn more at the official website: www.lakeelizabethwater.com

Mission Statement of Lake Elizabeth Mutual Water Company

Lake Elizabeth Mutual Water Company is dedicated to serving its mutual water company shareholders by providing them with high-quality drinking water. This mission is at the heart of the company's activities, ensuring that it meets the water needs of its stakeholders effectively and efficiently. The company's primary objective is to maintain and deliver a reliable water supply, demonstrating its commitment to the well-being of its shareholders. By focusing on water services, Lake Elizabeth Mutual Water Company underscores its role as a reliable and essential provider within its community.

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Impact




October, 2024

Lake Elizabeth Mutual Water Company plays a crucial role in ensuring the availability of high-quality drinking water for its shareholders in Lake Elizabeth, California. By providing essential water services, the company supports the health and well-being of the community, enabling residents to access reliable water resources. The company's commitment to delivering safe drinking water not only benefits individual households but also contributes to the overall public benefit by promoting sustainable water management practices in the area.




This information is meant to be a general summary of Lake Elizabeth 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
$919,475 (2023)
Expenses
$824,801 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $148
  • Program Service Revenue: $919,327
  • Gross Receipts: $919,475

Assets and Liabilities:

  • Total Assets: $507,718
  • Total Liabilities: $4,345
  • Net Assets: $503,373

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Assessments

Revenue

$193,363

Connections

Revenue

$19,800

Raw Water - Sales

Revenue

$101,910

Surcharge

Revenue

$20,381

Water Service

Revenue

$569,147

Organization Details

Founding Year

1947

Principal Officer

Ray Chatterson

Main Address

14960 Elizabeth Lake Road, Lake Elizabeth, CA, 93532

NTEE Category

Code: W80 - Public benefit

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