Liabilities / Assets
75th percentile
Higher debt load relative to assets than 75% of similar nonprofits.
Lake Lucerne Mutual Water Company
EIN 94-2689518 • 501(c)12 • Palo Alto, CA
Profile
The exempt purpose of the company is to develop, distribute, supply and deliver water for irrigation use only to its shareholders at cost.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.20x
Liabilities / Revenue
78th percentile
Higher debt load relative to revenue than 78% of similar nonprofits.
Net Margin
24th percentile
Higher net margin than 24% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
18th percentile
Faster asset growth than 18% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Balance Sheet
Assets
Down$189,808
Down $51,454 (-21%) from 2024
Liabilities
Down$37,026
Down $37,559 (-50%) from 2024
Net Assets
Down$152,782
Down $13,895 (-8.3%) from 2024
Revenue
Up$96,016
Up $19,181 (+25%) from 2024
Expenses
Up$109,911
Up $24,449 (+29%) from 2024
Net Income
Down-$13,895
Down $5,268 (-61%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $189,808
- Liabilities
- $37,026
- Net assets
- $152,782
- Revenue
- $96,016
- Expenses
- $109,911
- Net income
- -$13,895
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Aug 1, 2024 to Jul 31, 2025
- Signed
- Nov 24, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $96,016
Mission and Program Overview
Mission
The exempt purpose of the company is to develop, distribute, supply and deliver water for irrigation use only to its shareholders at cost.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE LAKE LUCERNE MUTUAL WATER COMPANY EXISTS SOLELY TO PROVIDE WATER FOR IRRIGATION TO ITS SHAREHOLDERS. THE WATER COMPANY HAS 1,000 OUTSTANDING SHARES DISTRIBUTED AMONG 19 SHAREHOLDERS. | $0 | $74,450 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DANIEL OLSTEIN | President And CEO | - | $0 | - | - |
| MARK STEVENS | Vice President, CFO, Treas | - | $0 | - | - |
| LAURA O'LEARY | Secretary | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Lake Lucerne Mutual Water Company
- EIN
- 94-2689518
- Phone
- 6508547696
- Address
- 222 HIGH STREET, PALO ALTO, CA 94301
Signing Officer
- Name
- Mark Stevens
- Title
- CFO
- Phone
- 6508547696
- Signed
- 2025-11-24
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Robert Lee & Associates Llp
- Address
- 999 W TAYLOR STREET STE A, SAN JOSE, CA 95126
- Preparer
- Scott R Smead
- Phone
- 4088556770
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: interest income. Amount: 173. Total to form 990-ez, line 14: 82,706.”
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 8,256. Description: other expenses. Amount: 74,450.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: interest expense. Amount: 2,158. Description: state tax expense. Amount: 800. Description: bad debt. Amount: 1,543. Total to form 990-ez, line 16: 4,501.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 8,387. End of year amount: 4,968.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: due to post. Beg. Of year amount: 53,785. End of year amount: 20,843. Description: accounts payable. Beg. Of year amount: 800. End of year amount: 800. Description: reserve for major projects. Beg. Of year amount: 20,000. End of year amount: 15,000. Description: other liabilities. Beg. Of year amount: 0. End of year amount: 383.”
Raw XML Appendix117 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MARK STEVENS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6503526318 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 222 HIGH STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | PALO ALTO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 94301 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 44988 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 5209 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 95843 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -13895 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 22704 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 241262 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 189808 |
| IRS990EZ/GrossReceiptsAmt | 0 | 96016 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 187887 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 179631 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 166677 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 152782 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 166677 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 152782 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 82706 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DANIEL OLSTEIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARK STEVENS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | LAURA O'LEARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT AND CEO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDENT, CFO, TREAS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 8387 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 4968 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 4501 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 173 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE EXEMPT PURPOSE OF THE COMPANY IS TO DEVELOP, DISTRIBUTE, SUPPLY AND DELIVER WATER FOR IRRIGATION USE ONLY TO ITS SHAREHOLDERS AT COST. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE LAKE LUCERNE MUTUAL WATER COMPANY EXISTS SOLELY TO PROVIDE WATER FOR IRRIGATION TO ITS SHAREHOLDERS. THE WATER COMPANY HAS 1,000 OUTSTANDING SHARES DISTRIBUTED AMONG 19 SHAREHOLDERS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 74450 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 74585 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 37026 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 109911 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 74450 |
| IRS990EZ/TotalRevenueAmt | 0 | 96016 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 173. TOTAL TO FORM 990-EZ, LINE 14: 82,706. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: DEPRECIATION. AMOUNT: 8,256. DESCRIPTION: OTHER EXPENSES. AMOUNT: 74,450. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: INTEREST EXPENSE. AMOUNT: 2,158. DESCRIPTION: STATE TAX EXPENSE. AMOUNT: 800. DESCRIPTION: BAD DEBT. AMOUNT: 1,543. TOTAL TO FORM 990-EZ, LINE 16: 4,501. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 8,387. END OF YEAR AMOUNT: 4,968. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: DUE TO POST. BEG. OF YEAR AMOUNT: 53,785. END OF YEAR AMOUNT: 20,843. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 800. END OF YEAR AMOUNT: 800. DESCRIPTION: RESERVE FOR MAJOR PROJECTS. BEG. OF YEAR AMOUNT: 20,000. END OF YEAR AMOUNT: 15,000. DESCRIPTION: OTHER LIABILITIES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 383. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MARK STEVENS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CFO |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6508547696 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LAKE LUCERNE MUTUAL WATER COMPANY |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAKE |
| ReturnHeader/Filer/EIN | 0 | 942689518 |
| ReturnHeader/Filer/PhoneNum | 0 | 6508547696 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 222 HIGH STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PALO ALTO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94301 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 271155496 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ROBERT LEE & ASSOCIATES LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 999 W TAYLOR STREET STE A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SAN JOSE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 95126 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4088556770 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SCOTT R SMEAD |
| ReturnHeader/ReturnTs | 0 | 2025-11-24T15:19:38-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-08-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-07-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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