Civic Intelligence

Lone Tree Mutual Water Company

990 • Fiscal year 2015 • EIN 77-0268373

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 09, 2016

Organization ProfileN/A

View Organization Page

5002 West El Nido RoadEl Nido, CA 95317

(209) 722-3997

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

63rd percentile

0.43x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

0.56x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Net Margin

45th percentile

3.0%

Higher net margin than 45% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2015

Asset Growth

96th percentile

32%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

50th percentile

1.7%

Faster revenue growth than 50% of similar nonprofits.

2015 filings • 501(c)12 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$5,062,965

Up $1,237,138 (+32%) from 2014

Net Assets

Up

$2,875,632

Up $116,498 (+4.2%) from 2014

Liabilities

Up

$2,187,333

Up $1,120,640 (+105%) from 2014

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin45th percentile

Revenue

Up

$3,908,586

Up $65,724 (+1.7%) from 2014

Expenses

Up

$3,792,088

Up $192,538 (+5.3%) from 2014

Net Income

Down

$116,498

Down $126,814 (-52%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $2,977,992Liabilities 2011: $999,754Net Assets 2011: $1,978,2382011Assets 2012: $3,412,938Liabilities 2012: $1,137,627Net Assets 2012: $2,275,3112012Assets 2013: $3,784,988Liabilities 2013: $1,269,166Net Assets 2013: $2,515,8222013Assets 2014: $3,825,827Liabilities 2014: $1,066,693Net Assets 2014: $2,759,1342014Assets 2015: $5,062,965Liabilities 2015: $2,187,333Net Assets 2015: $2,875,6322015Assets 2016: $4,797,281Liabilities 2016: $1,889,193Net Assets 2016: $2,908,0882016Assets 2017: $5,416,933Liabilities 2017: $2,378,012Net Assets 2017: $3,038,9212017Assets 2018: $5,437,739Liabilities 2018: $2,211,848Net Assets 2018: $3,225,8912018Assets 2019: $4,901,152Liabilities 2019: $1,209,542Net Assets 2019: $3,691,6102019Assets 2020: $5,636,549Liabilities 2020: $1,645,068Net Assets 2020: $3,991,4812020Assets 2021: $7,991,525Liabilities 2021: $3,379,115Net Assets 2021: $4,612,4102021Assets 2022: $9,930,709Liabilities 2022: $5,066,398Net Assets 2022: $4,864,3112022Assets 2023: $10,849,801Liabilities 2023: $6,392,467Net Assets 2023: $4,457,3342023

Highlighted filing

2015

Assets$5,062,965
Liabilities$2,187,333
Net Assets$2,875,632
Open 2015 Filing

Operations Trend

Revenue Growth50th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $2,031,364Expenses 2011: $1,835,712Net Income 2011: $195,6522011Expenses 2012: $2,869,8442012Revenue 2013: $3,417,724Expenses 2013: $3,177,213Net Income 2013: $240,5112013Revenue 2014: $3,842,862Expenses 2014: $3,599,550Net Income 2014: $243,3122014Revenue 2015: $3,908,586Expenses 2015: $3,792,088Net Income 2015: $116,4982015Revenue 2016: $3,905,442Expenses 2016: $3,872,986Net Income 2016: $32,4562016Revenue 2017: $2,664,033Expenses 2017: $2,533,200Net Income 2017: $130,8332017Revenue 2018: $4,234,625Expenses 2018: $4,047,651Net Income 2018: $186,9742018Revenue 2019: $3,861,872Expenses 2019: $3,396,153Net Income 2019: $465,7192019Revenue 2020: $4,704,471Expenses 2020: $4,404,600Net Income 2020: $299,8712020Revenue 2021: $5,694,903Expenses 2021: $5,073,974Net Income 2021: $620,9292021Revenue 2022: $6,488,094Expenses 2022: $6,236,193Net Income 2022: $251,9012022Revenue 2023: $5,380,033Expenses 2023: $5,787,010Net Income 2023: -$406,9772023

Highlighted filing

2015

Revenue$3,908,586
Expenses$3,792,088
Net Income$116,498
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 9, 2016
Return Version
2015v2.0
Gross Receipts
$3,912,992
Mission and Program Overview

Mission

The purpose of the Corporation is for the development, sale, distribution, supply and delivery of water for irrigation purposes to its members with irrigatable share-acres. Total acreage within the Corporation's service area is approximately 12,000 acres.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,682,198$3,563,153▲ $880,955
Savings and Temporary Cash Investments$856,451$738,179▼ $118,272
Cash and Non-Interest-Bearing Accounts$131,433$632,756▲ $501,323
Inventories for Sale or Use$90,148$85,642▼ $4,506
Prepaid Expenses and Deferred Charges$9,548$35,028▲ $25,480
Intangible Assets$10,134$7,259▼ $2,875
Accounts Receivable$6,588$948▼ $5,640
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Total Assets$3,825,827$5,062,965▲ $1,237,138
Other Assets Total$39,327$0▼ $39,327
Liabilities
Mortgage Notes Payable Secured by Investment Property$151,736$1,010,210▲ $858,474
Accounts Payable and Accrued Expenses$358,756$594,694▲ $235,938
Deferred Revenue$498,020$516,777▲ $18,757
Other Liabilities$58,181$65,652▲ $7,471
Total Liabilities$1,066,693$2,187,333▲ $1,120,640
Net Assets / Fund Balance
Unrestricted Net Assets$2,759,134$2,875,632▲ $116,498
Total Net Assets Fund Balance$2,759,134$2,875,632▲ $116,498
Total Liabilities and Net Assets / Fund Balance$3,825,827$5,062,965▲ $1,237,138

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,447,190$4,220,610$7,667,800
Equipment$97,305$308,740$406,045
Land$13,238-$13,238
Buildings$5,420$987$6,407
Compensation and Service Providers
Top Officer Pay42nd percentile

Board Members and Trustees

NameTitle
Richie IestPresident
Edward SilvaVice President
Bill SeamanDirector
Norman MontagueSecretary
Bryant ElkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,885,166
Investment Income
$7,322
Other Revenue
$16,098
Change in Net Assets
$116,498
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,496,130
Salaries, Compensation, and Employee Benefits$295,958
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$358,075
Other Salaries and Wages---$262,741
All Other Expenses---$214,277
Other Expenses---$78,662
Insurance---$76,563
Interest---$27,876
Payroll Taxes---$20,834
Pension Plan Contributions---$12,383
Fees for Services Accounting---$6,300
Fees for Services Legal---$423
Total Functional Expenses$0$0$0$3,792,088
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
No reportable transaction--No-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Tax Liability$65,652
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Richie Iest and Bryant Elkins serve as directors of the Company. Bryant Elkins works as a controller for various entities in which Richie Iest maintains ownership interests.”

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“Members maintain shares of stock that are an incidental right attached to the parcels of land serviced by the Company. These shares pass with the possession of the parcels. In the event that a public agency acquires possession of a parcel of land within the Company's service area, the shares appurtenant to the land are cancelled.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“Members maintain shares of stock that are an incidental right attached to the parcels of land serviced by the Company. The Board of Directors is elected by the Members, who have voting rights proportional to the number of shares of stock owned.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Adoption of new Bylaws and repeal or amendment to existing Bylaws is subject to approval by vote of all members.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“A copy of Form 990 is reviewed by management and provided to each member of the Board of Directors for review, with questions and concerns of the members of the Board of Directors addressed prior to filing.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Board of Directors reviews and approves General Manager compensation adjustments as determined necessary.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Governing documents and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Lone Tree Mutual Water Company
EIN
77-0268373
Phone
2097223997
Address
5002 West El Nido Road, El Nido, CA 95317

Signing Officer

Name
Richie Iest
Title
President
Signed
2016-03-09
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
6

Preparer

Firm
Croce & Company Accntcy Corp
Address
3247 W March Lane Ste 200, Stockton, CA 95219
Preparer
Duane E Bulthuis
Phone
2099432222
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of state franchise taxes currently due plus deferred state franchise taxes related primarily to depreciation differences for financial and state tax reporting. The deferred tax assets and liabilities represent the future state tax return consequences of those differences, which will be either taxable or deductible when the assets and liabilities are recovered or settled. A deferred tax asset valuation allowance is recorded when there is more than a 50% probability that the Company will not realize the tax benefit of the deductible differences.”

Raw XML Appendix382 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0358756
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0594694
IRS990/AccountsReceivableGrp/BOYAmt06588
IRS990/AccountsReceivableGrp/EOYAmt0948
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The purpose of the Corporation is for the development, sale, distribution, supply and delivery of water for irrigation purposes to its members with irrigatable share-acres. Total acreage within the Corporation's service area is approximately 12,000 acres.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherExpensesGrp/TotalAmt0214277
IRS990/AnnualDisclosureCoveredPrsnInd0false
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0George Park
IRS990/BooksInCareOfDetail/PhoneNum02097223997
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05002 West El Nido Road
IRS990/BooksInCareOfDetail/USAddress/CityNm0El Nido
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd095317
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0true
IRS990/CashNonInterestBearingGrp/BOYAmt0131433
IRS990/CashNonInterestBearingGrp/EOYAmt0632756
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt07322
IRS990/CYOtherExpensesAmt03496130
IRS990/CYOtherRevenueAmt016098
IRS990/CYProgramServiceRevenueAmt03885166
IRS990/CYRevenuesLessExpensesAmt0116498
IRS990/CYSalariesCompEmpBnftPaidAmt0295958
IRS990/CYTotalExpensesAmt03792088
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03908586
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0498020
IRS990/DeferredRevenueGrp/EOYAmt0516777
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0358075
IRS990/Desc0The Corporation developed, sold, distributed, supplied, and delivered irrigation water to its members with irrigatable share-acres. Total acreage within the Corporation's service area is approximately 12,000 acres.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt06300
IRS990/FeesForServicesLegalGrp/TotalAmt0423
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0Richie Iest
IRS990/Form990PartVIISectionAGrp/PersonNm1Edward Silva
IRS990/Form990PartVIISectionAGrp/PersonNm2Norman Montague
IRS990/Form990PartVIISectionAGrp/PersonNm3Bryant Elkins
IRS990/Form990PartVIISectionAGrp/PersonNm4Bill Seaman
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt05594
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt010000
IRS990/GrossReceiptsAmt03912992
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt076563
IRS990/IntangibleAssetsGrp/BOYAmt010134
IRS990/IntangibleAssetsGrp/EOYAmt07259
IRS990/InterestGrp/TotalAmt027876
IRS990/InventoriesForSaleOrUseGrp/BOYAmt090148
IRS990/InventoriesForSaleOrUseGrp/EOYAmt085642
IRS990/InvestmentIncomeGrp/ExclusionAmt01728
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01728
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04530337
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02682198
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03563153
IRS990/LandBldgEquipCostOrOtherBssAmt08093490
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt04406
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt03885166
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The purpose of the Corporation is for the development, sale, distribution, supply and delivery of water for irrigation purposes to its members with irrigatable share-acres. Total acreage within the Corporation's service area is approximately 12,000 acres.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0151736
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01010210
IRS990/NetAssetsOrFundBalancesBOYAmt02759134
IRS990/NetAssetsOrFundBalancesEOYAmt02875632
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt05594
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05594
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt039327
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2Projects Expensed
IRS990/OtherExpensesGrp/Desc3PROPERTY TAX
IRS990/OtherExpensesGrp/TotalAmt02187047
IRS990/OtherExpensesGrp/TotalAmt1395513
IRS990/OtherExpensesGrp/TotalAmt2151394
IRS990/OtherExpensesGrp/TotalAmt378662
IRS990/OtherLiabilitiesGrp/BOYAmt058181
IRS990/OtherLiabilitiesGrp/EOYAmt065652
IRS990/OtherRevenueMiscGrp/BusinessCd0115110
IRS990/OtherRevenueMiscGrp/BusinessCd1115110
IRS990/OtherRevenueMiscGrp/Desc0Discounts and rebates
IRS990/OtherRevenueMiscGrp/Desc1Other
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015149
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1949
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015149
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1949
IRS990/OtherRevenueTotalAmt016098
IRS990/OtherSalariesAndWagesGrp/TotalAmt0262741
IRS990/OtherSourcesGrossIncomeAmt022420
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt020834
IRS990/PensionPlanContributionsGrp/TotalAmt012383
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09548
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035028
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0115110
IRS990/ProgramServiceRevenueGrp/BusinessCd1115110
IRS990/ProgramServiceRevenueGrp/Desc0Member Assessments
IRS990/ProgramServiceRevenueGrp/Desc1Water Tolls
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01041660
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12843506
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01041660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12843506
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-12636
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt03328417
IRS990/PYOtherRevenueAmt017440
IRS990/PYProgramServiceRevenueAmt03838058
IRS990/PYRevenuesLessExpensesAmt0243312
IRS990/PYSalariesCompEmpBnftPaidAmt0271133
IRS990/PYTotalExpensesAmt03599550
IRS990/PYTotalRevenueAmt03842862
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0116498
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0856451
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0738179
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05420
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0987
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06407
IRS990ScheduleD/EquipmentGrp/BookValueAmt097305
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0308740
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0406045
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt013238
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013238
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03447190
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt04220610
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07667800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt065652
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Deferred Tax Liability
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes are provided for the tax effects of transactions reported in the financial statements and consist of state franchise taxes currently due plus deferred state franchise taxes related primarily to depreciation differences for financial and state tax reporting. The deferred tax assets and liabilities represent the future state tax return consequences of those differences, which will be either taxable or deductible when the assets and liabilities are recovered or settled. A deferred tax asset valuation allowance is recorded when there is more than a 50% probability that the Company will not realize the tax benefit of the deductible differences.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03563153
IRS990ScheduleD/TotalLiabilityAmt065652
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0No reportable transaction
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Richie Iest and Bryant Elkins serve as directors of the Company. Bryant Elkins works as a controller for various entities in which Richie Iest maintains ownership interests.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members maintain shares of stock that are an incidental right attached to the parcels of land serviced by the Company. These shares pass with the possession of the parcels. In the event that a public agency acquires possession of a parcel of land within the Company's service area, the shares appurtenant to the land are cancelled.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members maintain shares of stock that are an incidental right attached to the parcels of land serviced by the Company. The Board of Directors is elected by the Members, who have voting rights proportional to the number of shares of stock owned.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Adoption of new Bylaws and repeal or amendment to existing Bylaws is subject to approval by vote of all members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A copy of Form 990 is reviewed by management and provided to each member of the Board of Directors for review, with questions and concerns of the members of the Board of Directors addressed prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors reviews and approves General Manager compensation adjustments as determined necessary.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03825827
IRS990/TotalAssetsEOYAmt05062965
IRS990/TotalAssetsGrp/BOYAmt03825827
IRS990/TotalAssetsGrp/EOYAmt05062965
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03792088
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01066693
IRS990/TotalLiabilitiesEOYAmt02187333
IRS990/TotalLiabilitiesGrp/BOYAmt01066693
IRS990/TotalLiabilitiesGrp/EOYAmt02187333
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02759134
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02875632
IRS990/TotalProgramServiceRevenueAmt03885166
IRS990/TotalRevenueGrp/ExclusionAmt01728
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03906858
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03908586
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03825827
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05062965
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02759134
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02875632
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Richie Iest
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-03-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lone Tree Mutual Water Company
ReturnHeader/Filer/BusinessNameControlTxt0LONE
ReturnHeader/Filer/EIN0770268373
ReturnHeader/Filer/PhoneNum02097223997
ReturnHeader/Filer/USAddress/AddressLine1Txt05002 West El Nido Road
ReturnHeader/Filer/USAddress/CityNm0El Nido
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095317
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Croce & Company Accntcy Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03247 W March Lane Ste 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stockton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095219
ReturnHeader/PreparerPersonGrp/PhoneNum02099432222
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Duane E Bulthuis
ReturnHeader/ReturnTs02016-03-09T16:27:30-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,062,965
Liabilities
$2,187,333
Net assets
$2,875,632
Revenue
$3,908,586
Expenses
$3,792,088
Net income
$116,498
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$10.8$6.39$4.46$5.38$5.79$0.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.93$5.07$4.86$6.49$6.24$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.99$3.38$4.61$5.69$5.07$0.62
2020Summary only. Only limited summary data is available for this year.$5.64$1.65$3.99$4.70$4.40$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.90$1.21$3.69$3.86$3.40$0.47
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.44$2.21$3.23$4.23$4.05$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.42$2.38$3.04$2.66$2.53$0.13
2016Summary only. Only limited summary data is available for this year.$4.80$1.89$2.91$3.91$3.87$0.03
2015Detailed filing. Detailed filing data is available for this year.$5.06$2.19$2.88$3.91$3.79$0.12
2014Detailed filing. Detailed filing data is available for this year.$3.83$1.07$2.76$3.84$3.60$0.24
2013Detailed filing. Detailed filing data is available for this year.$3.78$1.27$2.52$3.42$3.18$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$1.14$2.28$2.87
2011Summary only. Only limited summary data is available for this year.$2.98$1.00$1.98$2.03$1.84$0.20