Civic Intelligence

Bardeen Partners Inc

EIN 33-0465358 • 501(c)4 • Irvine, CA

Profile

The mission of the organization is to promote the common good and the general welfare of the residents, property owners and customers who reside within the boundaries of the irvine ranch water district and the governmental enterprises in the district and the surrounding areas by acquiring real and personal property to the benefit of the district and individuals herein described.

PO Box 57000Irvine, CA 92619

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.09x

Higher debt load relative to revenue than 31% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2022

Net Margin

54th percentile

4.3%

Higher net margin than 54% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

47th percentile

3.2%

Faster asset growth than 47% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-0.8%

Faster revenue growth than 27% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Up

$279,126,136

Up $9,297,465 (+3.4%) from 2024

Liabilities

Down

$589,573

Down $20,174 (-3.3%) from 2024

Net Assets

Up

$278,536,563

Up $9,317,639 (+3.5%) from 2024

Revenue

Up

$10,686,103

Up $1,462,260 (+16%) from 2024

Expenses

Up

$9,426,499

Up $2,055,522 (+28%) from 2024

Net Income

Down

$1,259,604

Down $593,262 (-32%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2015: $27,887,067Liabilities 2015: $1,345,400Net Assets 2015: $26,541,6672015Assets 2016: $181,165,221Liabilities 2016: $1,124,741Net Assets 2016: $180,040,4802016Assets 2017: $186,636,614Liabilities 2017: $1,137,034Net Assets 2017: $185,499,5802017Assets 2018: $187,782,534Liabilities 2018: $703,235Net Assets 2018: $187,079,2992018Assets 2019: $189,715,509Liabilities 2019: $627,056Net Assets 2019: $189,088,4532019Assets 2020: $195,444,875Liabilities 2020: $480,132Net Assets 2020: $194,964,7432020Assets 2021: $215,133,557Liabilities 2021: $759,625Net Assets 2021: $214,373,9322021Assets 2022: $221,953,090Liabilities 2022: $784,272Net Assets 2022: $221,168,8182022Assets 2023: $229,094,998Liabilities 2023: $601,918Net Assets 2023: $228,493,0802023Assets 2024: $269,828,671Liabilities 2024: $609,747Net Assets 2024: $269,218,9242024Assets 2025: $279,126,136Liabilities 2025: $589,573Net Assets 2025: $278,536,5632025

Highlighted filing

2025

Assets$279,126,136
Liabilities$589,573
Net Assets$278,536,563

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2015: $5,807,579Expenses 2015: $7,069,308Net Income 2015: -$1,261,7292015Revenue 2016: $7,692,238Expenses 2016: $7,556,333Net Income 2016: $135,9052016Revenue 2017: $7,956,631Expenses 2017: $7,704,923Net Income 2017: $251,7082017Revenue 2018: $8,468,264Expenses 2018: $8,045,159Net Income 2018: $423,1052018Revenue 2019: $8,704,528Expenses 2019: $12,390,581Net Income 2019: -$3,686,0532019Revenue 2020: $7,830,954Expenses 2020: $7,627,509Net Income 2020: $203,4452020Revenue 2021: $8,558,319Expenses 2021: $7,974,581Net Income 2021: $583,7382021Revenue 2022: $8,491,991Expenses 2022: $8,122,640Net Income 2022: $369,3512022Revenue 2023: $9,301,537Expenses 2023: $8,629,993Net Income 2023: $671,5442023Revenue 2024: $9,223,843Expenses 2024: $7,370,977Net Income 2024: $1,852,8662024Revenue 2025: $10,686,103Expenses 2025: $9,426,499Net Income 2025: $1,259,6042025

Highlighted filing

2025

Revenue$10,686,103
Expenses$9,426,499
Net Income$1,259,604

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 23, 2026
Return Version
2024v5.5
Gross Receipts
$16,716,379
Mission and Program Overview

Mission

The mission of the organization is to promote the common good and the general welfare of the residents, property owners and customers who reside within the boundaries of the irvine ranch water district and the governmental enterprises in the district and the surrounding areas by acquiring real and personal property to the benefit of the district and individuals herein described.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$269,218,924$278,536,563▲ $9,317,639
Investments Other Securities$268,420,894$277,910,384▲ $9,489,490
Cash and Non-Interest-Bearing Accounts$1,243,511$1,025,351▼ $218,160
Prepaid Expenses and Deferred Charges$142,418$144,529▲ $2,111
Accounts Receivable$21,848$45,872▲ $24,024
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$269,828,671$279,126,136▲ $9,297,465
Liabilities
Escrow Account Liability$467,093$478,606▲ $11,513
Accounts Payable and Accrued Expenses$142,654$110,967▼ $31,687
Total Liabilities$609,747$589,573▼ $20,174
Net Assets / Fund Balance
Total Net Assets Fund Balance$269,218,924$278,536,563▲ $9,317,639
Total Liabilities and Net Assets / Fund Balance$269,828,671$279,126,136▲ $9,297,465

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$277,910,384--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kevin BurtonExecutive Director, Technical Services$381,323$381,323
Jose ZepedaDirector of Water & Recycling Operations$320,900$320,900
Peer SwanDirector$63,784$63,784
Doug ReinhartPresident$61,411$61,411
John WithersDirector$59,244$59,244
Steven LamarVice President$57,755$57,755

Board Members and Trustees

NameTitle
Dan FeronsDirector
Jose ZepedaDirector of Water & Recycling Operat
Fiona SanchezDirector of Water Services
Wendy ChambersExecutive Director, Operations
Kevin BurtonExecutive Director, Technical Servic
Paul WeghorstExecutive Director, Water Policy
Jennifer DavisAsst. Treasurer
Claire Hervey CollinsAttorney
Paul CookGeneral Manager
Kristine SwanSecrectary
Neveen AdlyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Vinco Construction CorporationConstruction Services4544 E EISENHOWER CIRCLE, Anaheim, CA 92807$1,883,812
Reliable RenovationRenovation ServicesPO BOX 78416, Corona, CA 92877-0147$595,400
Western Natl Prop Mgmt IncoProperty Management Services8 EXECUTIVE CIRCLE, Irvine, CA 92614$368,121
Gci Landscape INCLandscape Services1040 E HOWELL AVENUE, Anaheim, CA 92803$338,288
James Elsasser Dba All Star Electric HHvac ServicesPO BOX 1431, La Mirada, CA 90637-1431$198,930
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$575,815
Other Revenue
$10,110,288
Change in Net Assets
$1,259,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,426,499
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$9,341,550--$9,341,550
Other Expenses$84,949--$84,949
Total Functional Expenses$9,426,499$0$0$9,426,499
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Finance accountant reviews, organization's treasurer reviews, organization's bod reviews and approves for filing.

Form 990, Part VI, Section B, Line 12C

The organization has a formal conflict of interest policy. The five district (irwd) board of directors are required to be the five members of the board of directors. All members of the board of directors of the organization are required to sign this conflict of interest policy on an annual basis. The organization monitors this conflict of interest policy by enforcing its implementation as policy to members of the board of directors.

Form 990, Part VI, Section C, Line 19

Copies of the governing documents, policies and procedures, and annual federal and state exempt tax returns are available to all members of the organization as well as to the general public upon a request made to the treasurer of the organization.

Filing and Contact Details

Filer

Filer Name
Bardeen Partners Inc
EIN
33-0465358
Phone
9494535300
Address
PO BOX 57000, IRVINE, CA 92619

Signing Officer

Name
Neveen Adly
Title
Treasurer
Phone
9494535300
Signed
2026-02-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Neveen Adly
Formed
1991
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Davis Farr Llp
Address
18201 VON KARMAN AVE SUITE 1100, IRVINE, CA 92612
Preparer
Jennifer Farr
Phone
9494742020
Supplemental Narrative

Additional Explanations

Form 990 Part I Line 1

The mission of the organization is to promote the common good and the general welfare of the residents, property owners and customers who reside within the boundaries of the irvine ranch water district and the governmental enterprises in the district and the surrounding areas by acquiring real and personal property to the benefit of the district and individuals herein described.

Form 990 Part XII Line 2C

The audit oversight process has not changed since the prior year.

Financial Statement Notes

PART IV, LINE 2B:

Tenants who rent or lease from bardeen partners must pay a security deposit. The security deposit is held as a liability to bardeen.

Raw XML AppendixShowing 400 of 628 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13272248
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14267884
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRECTARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6ATTORNEY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASST. TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR, TECHNICAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DIRECTOR, WATER POLICY
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR, OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF WATER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR OF WATER & RECYCLING OPERATIONS
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IRS990/FormationYr01991
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IRS990/MissionDesc0THE MISSION OF THE ORGANIZATION IS TO PROMOTE THE COMMON GOOD AND THE GENERAL WELFARE OF THE RESIDENTS, PROPERTY OWNERS AND CUSTOMERS WHO RESIDE WITHIN THE BOUNDARIES OF THE IRVINE RANCH WATER DISTRICT AND THE GOVERNMENTAL ENTERPRISES IN THE DISTRICT AND THE SURROUNDING AREAS BY ACQUIRING REAL AND PERSONAL PROPERTY TO THE BENEFIT OF THE DISTRICT AND INDIVIDUALS HEREIN DESCRIBED.
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANTS WHO RENT OR LEASE FROM BARDEEN PARTNERS MUST PAY A SECURITY DEPOSIT. THE SECURITY DEPOSIT IS HELD AS A LIABILITY TO BARDEEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20

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