Devore Water Company FY2022 filing

Not tax-deductible

Sn Bernrdno, CAMutual-benefit / member-servingEIN 95-2272783Revenue $632K in FY2022

On file with the IRS18185 W Kenwood Ave, 92407-1115 · Sn Bernrdno, CATax-exempt since Feb 1946

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Mutual Water Company that maintains and develops the water system for over 400 properties.

75¢ of each $1 spent went to programs.
$14K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $212K a year · 36% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$14K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
18 mo
of spending, in cash
Looks good: 17.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$504K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$632K
-23% vs prior year
Spent
$768K
To programs
75%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$632K
FY2022▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2021$819K
FY2022$632K
FY2023$334K
FY2024$611K
FY2025$541K
Expenses
$768K
FY2022▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2021$936K
FY2022$768K
FY2023$1.1M
FY2024$598K
FY2025$596K
Net assets
$2.2M
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.4M
FY2022$2.2M
FY2023$1.8M
FY2024$2.2M
FY2025$2.6M

From the FY2022 Form 990 (year ending October 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1946.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $575K Management & general 23% · $179K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $14K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$14,272Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021
Mark Slobom$14,272$21,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Maintains and develops the water system for over 400 properties.

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Provided by the organization

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1 program · $576K · in their own filed words · FY2021
01

Mutual Water Company that maintains and develops the water system for over 400 properties.

$576Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$632K
Ln 12
Fees for servicesLn 2g$632K
Investment incomeLn 3$106
Money outPt IX
$768K
Ln 25
Programscol B$575K
Managementcol C$179K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$2.7M
LiabilitiesLn 26$504K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$632K
Investment incomeLn 3$106
Gains on assetsLn 7$0
Total revenueLn 12$632K
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$43K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$0
Total assetsLn 16$2.7M
LiabilitiesLn 26$504K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderOctober
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
LineStart FY22End FY22
Cash and savingsLn 1–2$995K$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$2.7M$2.7M
LiabilitiesLn 26$307K$504K
Net assetsLn 32$2.4M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$14K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$224K$103K$121K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$27K$27K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$171K$159K$12K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$4K$4K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$8K$7K$338
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$97K$97K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$126K$126K
All other expensesLn 24e$78K$60K$18K
Total functional expensesLn 25$768K$575K$179K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $541K$596K−$55K$2.6M 990 PDF
FY2024 $611K$598K$13K$2.2M 990 PDF
FY2023 $334K$1.1M−$767K$1.8M 990 PDF
FY2022 Viewing $632K$768K−$136K$2.2M 990 PDF
FY2021 $819K$936K−$117K$2.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $632,166 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $819,018$632,060
I-10 Investment incomePrior year $138$106
I-11 Other revenue$0
I-12 Total revenuePrior year $819,156$632,166
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $184,237$265,613
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $752,063$502,082
I-18 Total expensesPrior year $936,300$767,695
I-19 Revenue less expensesPrior year −$117,144−$135,529
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $632,166 across 8 lines filed
Lines not itemized here account for $1,828 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $630,232$630,232
VIII-3 Investment incomeRelated to mission $106$106
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $632,166$632,166
Part IX · Statement of functional expenses $767,695 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$14,272
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $102,789 · Management $121,469$224,258
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $27,083$27,083
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $159,349 · Management $12,120$171,469
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $3,750$3,750
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $7,267 · Management $338$7,605
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $96,888$96,888
IX-23 InsurancePrograms $19,036$19,036
IX-24 Other expenses (24a–d)Programs $125,528$125,528
IX-24e All other expensesPrograms $59,922 · Management $17,884$77,806
IX-25 Total functional expensesPrograms $574,529 · Management $178,894 · Fundraising $0$767,695
Part X · Balance sheet $2,743,515 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $952,130$1,084,275
X-2 Savings and temporary cash investmentsStart of year $42,767$42,829
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $117,125$96,279
X-8 Inventories for sale or useStart of year $1,000$1,000
X-9 Prepaid expenses and deferred chargesStart of year $5,154$10,775
X-10c Land, buildings and equipment, netStart of year $1,564,124$1,508,357
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $2,682,300$2,743,515
X-17 Accounts payable and accrued expensesStart of year $59,206$972
X-25 Other liabilities$1
X-26 Total liabilitiesStart of year $306,837$503,581
X-27 Net assets without donor restrictionsStart of year $2,375,463$2,239,934
X-32 Total net assets or fund balancesStart of year $2,375,463$2,239,934
X-33 Total liabilities and net assetsStart of year $2,682,300$2,743,515
Part XI · Reconciliation of net assets $2,239,934 net assets at year end
XI-1 Total revenue$632,166
XI-2 Total expenses$767,695
XI-3 Revenue less expenses−$135,529
XI-4 Net assets at start of year$2,375,463
XI-10 Net assets at end of year$2,239,934

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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