Summit Mutual Water Company: Nonprofit Profile, Financials & Form 990 (EIN 94-1640249)

Revenue by fiscal year
FY2020	$156K
FY2021	$170K
FY2022	$159K
FY2023	$173K
FY2024	$212K

Net assets by fiscal year
FY2020	$200K
FY2021	$260K
FY2022	$289K
FY2023	$342K
FY2024	$430K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Scott Keesling

Board President

$0Pt VII · Sec A

Scott Kanter

Board Member

$0Pt VII · Sec A

Cathy Kung

Board Secretary

$0Pt VII · Sec A

Elisa Baring

Board Treasurer

$0Pt VII · Sec A

Landon Thomas

Board Member

$0Pt VII · Sec A

See Summit Mutual Water Company executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Brings clean water to Summit Woods homeowners.

Questions for Summit Mutual Water Company

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1 program · in their own filed words · FY2024

01

Provides water for the summit woods homeowners

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$212K

Ln 12

Fees for servicesLn 2g$209K

Investment incomeLn 3$3K

Money outPt IX

$124K

Ln 25

Owns and owesPt X

$430K

net assets · Ln 32

Cash and savingsLn 1–2$237K

Total assetsLn 16$430K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$209K

Investment incomeLn 3$3K

Total revenueLn 12$212K

Assets in detailPt X, end of year

CashLn 1$237K

Cash and savings togetherLn 1–2$237K

Land, buildings, equipmentLn 10c$193K

Total assetsLn 16$430K

LiabilitiesLn 26$0

Net assetsLn 32$430K

OperationsPt I, VI

EmployeesI 50

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$189K	$237K
Land, buildings, equipmentLn 10c	$152K	$193K
Total assetsLn 16	$342K	$430K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$342K	$430K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$4K
Office expensesLn 13	$596
Conferences, conventions and meetingsLn 19	$2K
Depreciation, depletion and amortizationLn 22	$17K
InsuranceLn 23	$9K
Other expenses (24a–d)Ln 24	$92K
Total functional expensesLn 25	$124K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Jun 18, 2025	$212K	$124K	$89K	$430K	990 PDF
FY2023Filed with the IRS Nov 12, 2024	$173K			$342K	990 PDF
FY2022Filed with the IRS May 15, 2023	$159K			$289K	990 PDF
FY2021Filed with the IRS Jun 14, 2022	$170K			$260K	990 PDF
FY2020Filed with the IRS Feb 1, 2021	$156K			$200K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $212,486 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $173,147$209,379

I-10 Investment incomePrior year $231$3,107

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $173,378$212,486

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $121,131$123,949

I-18 Total expensesPrior year $121,131$123,949

I-19 Revenue less expensesPrior year $52,247$88,537

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $212,486 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $209,379$209,379

VIII-3 Investment incomeExcluded from tax $3,107$3,107

VIII-12 Total revenueRelated to mission $209,379 · Unrelated business $0 · Excluded from tax $3,107$212,486

Part IX · Statement of functional expenses $123,949 across 6 lines filed

IX-11c Accounting fees$4,465

IX-13 Office expenses$596

IX-19 Conferences, conventions and meetings$1,860

IX-22 Depreciation, depletion and amortization$16,578

IX-23 Insurance$8,761

IX-24 Other expenses (24a–d)$91,689

IX-25 Total functional expenses$123,949

Part X · Balance sheet $430,229 assets, 7 lines filed

X-1 Cash, non-interest-bearingStart of year $189,331$237,089

X-10c Land, buildings and equipment, netStart of year $152,361$193,140

X-16 Total assetsStart of year $341,692$430,229

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $341,692$430,229

X-32 Total net assets or fund balancesStart of year $341,692$430,229

X-33 Total liabilities and net assetsStart of year $341,692$430,229

Part XI · Reconciliation of net assets $430,229 net assets at year end

XI-1 Total revenue$212,486

XI-2 Total expenses$123,949

XI-3 Revenue less expenses$88,537

XI-4 Net assets at start of year$341,692

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$430,229

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Summit Mutual Water Company

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Summit Mutual Water Company

By the numbers

Filing history

Schedules filed Part IV