Nonprofit · EIN 23-7405977
JAM MUTUAL WATER CO
Tax-exempt · VENTURA, CA 93003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $221,282 | $315,028 | -$93,746 | $676,102 | $297,521 | $378,581 |
| December 31, 2024 | 990 | $201,771 | $235,166 | -$33,395 | $847,050 | $374,723 | $472,327 |
| December 31, 2023 | 990 | $191,751 | $190,385 | $1,366 | $734,881 | $229,159 | $505,722 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $32
- Net income from sales of inventory
- $221,250
- Other revenue
- $221,250
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,756
- Accounting fees
- $4,314
- Depreciation
- $2,054
- Program services (functional)
- $315,028
Balance sheet and other
- Total assets, start of year
- $847,050
- Total assets, end of year
- $676,102
- Total liabilities, end of year
- $297,521
- Net assets, end of year
- $378,581
- Land, buildings and equipment
- $6,185
- Gross receipts
- $221,282
- Employees
- 0
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin McGrath | CFO Trustee or director, Officer | 5 | $0 |
| Spencer McGrath | CEO Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin McGrath | CFO Trustee or director, Officer | 5 | $0 |
| Spencer McGrath | CEO Trustee or director, Officer | 5 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin McGrath | President Officer | 5 | $0 |
| Terry Aggeler | CEO Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5100 OLIVAS PARK DR, VENTURA, CA 93003-7671
- Signed the 990
- Spencer McGrath, CEO
- Phone
- (805) 644-1235
- Return prepared by
- John F Laubacher CPA APC
California records
California keeps its own records of charities and corporations. Search them by EIN 23-7405977 or by the name JAM MUTUAL WATER CO.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Organization's sole activity is pumping of water to owner-member's farmland- contiguous land parcels formerly one farm.
Program accomplishments
- Organization's sole activity is pumping of water to owner-member's farmland- contiguous land parcels formerly one farm.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7405977
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $676,102
- Income (IRS master file)
- $221,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $221,282 | $315,028 | $676,102 | XML |
| 990 | December 2024 | $201,771 | $235,166 | $847,050 | IRS |
| 990 | December 2023 | $191,751 | $190,385 | $734,881 | XML |
| 990 | December 2022 | $232,257 | $234,424 | $646,959 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7405977).
Questions about JAM MUTUAL WATER CO
- What is the EIN of JAM MUTUAL WATER CO?
- The employer identification number (EIN) of JAM MUTUAL WATER CO is 23-7405977.
- Is JAM MUTUAL WATER CO tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1977.
- Are donations to JAM MUTUAL WATER CO tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does JAM MUTUAL WATER CO file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JAM MUTUAL WATER CO due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JAM MUTUAL WATER CO last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of JAM MUTUAL WATER CO?
- The 990 for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does JAM MUTUAL WATER CO have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $221,282, expenses of $315,028 and total assets of $676,102 at year end.
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