Nonprofit · EIN 77-0268373
LONE TREE MUTUAL WATER COMPANY
Tax-exempt · EL NIDO, CA 95317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,789,661 | $7,918,135 | -$128,474 | $11,956,573 | $7,218,461 | $4,738,112 |
| December 31, 2024 | 990 | $7,665,227 | $7,255,975 | $409,252 | $13,647,545 | $8,780,959 | $4,866,586 |
| December 31, 2023 | 990 | $5,380,033 | $5,787,010 | -$406,977 | $10,849,801 | $6,392,467 | $4,457,334 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,689,014
- Investment income
- $28,037
- Other revenue
- $72,610
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $190,000
- Salaries, compensation and benefits (total)
- $646,677
- Professional fundraising fees
- $0
- Legal fees
- $3,360
- Accounting fees
- $7,077
- Depreciation
- $549,747
- Program services (functional)
- $7,918,135
Balance sheet and other
- Total assets, start of year
- $13,647,545
- Total assets, end of year
- $11,956,573
- Total liabilities, end of year
- $7,218,461
- Net assets, end of year
- $4,738,112
- Land, buildings and equipment
- $10,015,374
- Net assets without donor restrictions
- $4,738,112
- Gross receipts
- $7,789,661
- Employees
- 7
- Year formed
- 1990
- State of legal domicile
- CA
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 |
|---|---|---|---|
| George Park | Manager | 40 | $190,000 |
| Richie Iest | President Trustee or director, Officer | 1 | $0 |
| Roy Catania | Vice President Trustee or director, Officer | 0.5 | $0 |
| Bryant Elkins | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Mark Montage | Secretary Trustee or director, Officer | 0.5 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richie Iest | President Trustee or director, Officer | 1 | $0 |
| Roy Catania | Vice President Trustee or director, Officer | 0.5 | $0 |
| Bryant Elkins | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Norman Montague | Secretary Trustee or director, Officer | 0.5 | $0 |
| George Park | Manager | 40 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richie Iest | President Trustee or director, Officer | 1 | $0 |
| Roy Catania | Vice President Trustee or director, Officer | 0.5 | $0 |
| Bryant Elkins | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Norman Montague | Secretary Trustee or director, Officer | 0.5 | $0 |
| George Park | Manager | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 5002 W EL NIDO RD, EL NIDO, CA 95317-9702
- Signed the 990
- Richie Iest, President
- Phone
- (209) 722-3997
- Return prepared by
- CUTTONE & MASTRO CERTIFIED PUBLIC ACCOUNTANTS
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0268373 or by the name LONE TREE MUTUAL WATER COMPANY.
- 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
The purpose of the corporation is for the development, sale, distribution, supply and delivery of water for irrigation purposes to its members within the lands of its service area. It is also organized to assist in providing surface and subsruface drainage to the lands described in the service area, to undertake or promote soil, water and drainage conservation activities upon those lands, and to acquire, preserve and administer contractual and appropriative rights for irrigation water, and to distribute water available under the riparian rights of members, including the improvement of the land, to supply water for irrigation purposes.
Program accomplishments
- The corporation developed, sold, distributed, supplied, and delivered irrigation water to its members with irrigatable share-acres.Expenses $7,918,135 · revenue $7,789,661
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
- 77-0268373
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,956,573
- Income (IRS master file)
- $7,789,661
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,789,661 | $7,918,135 | $11,956,573 | XML |
| 990 | December 2024 | $7,665,227 | $7,255,975 | $13,647,545 | IRS |
| 990 | December 2023 | $5,380,033 | $5,787,010 | $10,849,801 | XML |
| 990 | December 2022 | $6,488,094 | $6,236,193 | $9,930,709 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 77-0268373).
Questions about LONE TREE MUTUAL WATER COMPANY
- What is the EIN of LONE TREE MUTUAL WATER COMPANY?
- The employer identification number (EIN) of LONE TREE MUTUAL WATER COMPANY is 77-0268373.
- Is LONE TREE MUTUAL WATER COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1991.
- Are donations to LONE TREE MUTUAL WATER COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LONE TREE MUTUAL WATER COMPANY 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 LONE TREE MUTUAL WATER COMPANY 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 LONE TREE MUTUAL WATER COMPANY 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 LONE TREE MUTUAL WATER COMPANY?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $190,000 (George Park, Manager).
- How much revenue does LONE TREE MUTUAL WATER COMPANY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,789,661, expenses of $7,918,135 and total assets of $11,956,573 at year end.
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