Lundy Mutual Water Co

Not tax-deductible

Lee Vining, CAMutual-benefit / member-servingMutual / membership EIN 95-3434199Revenue $108K in FY2024

On file with the IRSlundymutual.orgPo Box 323, 93541-0323 · Lee Vining, CATax-exempt since Jun 1980

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To provide potable Water to stockholders.

Mission: Form 990 Part I, line 1

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FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
53 mo
of spending, in cash
Looks good: 53.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$306K
54% of total assets
Fine: liabilities are 54% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
+40% vs prior year
Spent
$122K
Net assets
$261K
By yearFY2021–FY2024
Revenue
$108K
FY2024▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2021$82K
FY2022$81K
FY2023$77K
FY2024$108K
Net assets
$261K
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2021$304K
FY2022$271K
FY2023$275K
FY2024$261K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1980.

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Lundy Mutual Water Co executive salaries →

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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

Supplies clean drinking water to livestock owners.

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1 program · in their own filed words · FY2024
01

Provide potable water to the stockholders

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Fees for servicesLn 2g$106K
Investment incomeLn 3$2K
Money outPt IX
$122K
Ln 25
Owns and owesPt X
$261K
net assets · Ln 32
Cash and savingsLn 1–2$541K
Total assetsLn 16$567K
LiabilitiesLn 26$306K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$106K
Investment incomeLn 3$2K
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$541K
Cash and savings togetherLn 1–2$541K
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$567K
LiabilitiesLn 26$306K
Net assetsLn 32$261K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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
LineStart FY24End FY24
Cash and savingsLn 1–2$242K$541K
Land, buildings, equipmentLn 10c$29K$18K
Total assetsLn 16$279K$567K
LiabilitiesLn 26$3K$306K
Net assetsLn 32$275K$261K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$14K
Other fees for servicesLn 11g$13K
Office expensesLn 13$1K
Information technologyLn 14$2K
OccupancyLn 16$14K
TravelLn 17$952
Depreciation, depletion and amortizationLn 22$11K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$61K
Total functional expensesLn 25$122K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $108K$122K−$14K$261K 990 PDF
FY2023 $77K$275K 990 PDF
FY2022 $81K$271K 990 PDF
FY2021 $82K$304K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $107,522 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $76,944$105,951
I-10 Investment incomePrior year $0$1,571
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $76,944$107,522
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$13,711
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$108,168
I-18 Total expensesPrior year $0$121,879
I-19 Revenue less expensesPrior year $76,944−$14,357
Part VI · Governance 0 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members0
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 $107,522 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $105,951$105,951
VIII-3 Investment incomeRelated to mission $1,571$1,571
VIII-12 Total revenueRelated to mission $107,522 · Unrelated business $0 · Excluded from tax $0$107,522
Part IX · Statement of functional expenses $121,879 across 9 lines filed
IX-7 Other salaries and wages$13,711
IX-11g Other fees for services$12,580
IX-13 Office expenses$1,152
IX-14 Information technology$1,648
IX-16 Occupancy$14,451
IX-17 Travel$952
IX-22 Depreciation, depletion and amortization$11,271
IX-23 Insurance$5,073
IX-24 Other expenses (24a–d)$61,041
IX-25 Total functional expenses$121,879
Part X · Balance sheet $567,259 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $241,752$540,947
X-4 Accounts receivableStart of year $2,443$3,251
X-8 Inventories for sale or useStart of year $5,402$5,402
X-10c Land, buildings and equipment, netStart of year $28,930$17,659
X-16 Total assetsStart of year $278,527$567,259
X-17 Accounts payable and accrued expensesStart of year $3,293$15,266
X-19 Deferred revenue$291,116
X-26 Total liabilitiesStart of year $3,293$306,382
X-32 Total net assets or fund balancesStart of year $275,234$260,877
X-33 Total liabilities and net assetsStart of year $278,527$567,259
Part XI · Reconciliation of net assets $260,877 net assets at year end
XI-1 Total revenue$107,522
XI-2 Total expenses$121,879
XI-3 Revenue less expenses−$14,357
XI-4 Net assets at start of year$275,234
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$260,877

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

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