Nonprofit · EIN 94-1612327
PALOMINO LAKES MUTUAL WATER COMPANY
Tax-exempt · CLOVERDALE, CA 95425
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $230,747 | $267,868 | -$37,121 | $1,894,854 | $1,348,848 | $546,006 |
| March 31, 2024 | 990 | $179,142 | $229,704 | -$50,562 | $1,972,637 | $1,389,510 | $583,127 |
| March 31, 2022 | 990 | $189,472 | $231,903 | -$42,431 | $2,112,891 | $1,420,320 | $692,571 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $230,747
- Investment income
- $0
- Other revenue
- $0
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
- $257
- Accounting fees
- $13,682
- Depreciation
- $77,124
- Program services (functional)
- $106,483
- Management and general (functional)
- $84,604
Balance sheet and other
- Total assets, start of year
- $1,972,637
- Total assets, end of year
- $1,894,854
- Total liabilities, end of year
- $1,348,848
- Net assets, end of year
- $546,006
- Land, buildings and equipment
- $1,282,765
- Gross receipts
- $230,747
- Employees
- 0
- 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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walter Crockett | Treasurer Officer | 5 | $0 |
| Edwin Acosta | Secretary Officer | 10 | $0 |
| Michael Knudtzon | President Officer | 10 | $0 |
990 for the year ended March 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brenda Thomas | Treasurer Officer | 5 | $0 |
| Edwin Acosta | Secretary Officer | 5 | $0 |
| David Taber | President Officer | 20 | $0 |
990 for the year ended March 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brenda Thomas | Treasurer Officer | 5 | $0 |
| Edwin Acosta | Secretary Officer | 5 | $0 |
| David Taber | President Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 687, CLOVERDALE, CA 95425-0687
- Principal officer (990 for 2024)
- Michael Knudtzon, PO Box 687, Cloverdale, CA 95425
- Signed the 990
- Michael Knudtzon, President
- Website
- www.palominolakes.org
- Return prepared by
- Erica Lane - Accounting & Tax Services
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1612327 or by the name PALOMINO LAKES 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 objects and purposes of the Company shall be to develop, distribute, supply, and deliver water to its members at cost. The Company may also provide water to the common areas under control of the homeowners' association, and to the fire protection system.
Program accomplishments
- Provide water service to a community.
- Provide water to the common areas of the homeowners' association and to the fire protection system.
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1612327
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,894,854
- Income (IRS master file)
- $230,747
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $230,747 | $267,868 | $1,894,854 | IRS |
| 990 | March 2024 | $179,142 | $229,704 | $1,972,637 | XML |
| 990 | March 2023 | – | – | – | IRS |
| 990 | March 2022 | $189,472 | $231,903 | $2,112,891 | XML |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 94-1612327).
Questions about PALOMINO LAKES MUTUAL WATER COMPANY
- What is the EIN of PALOMINO LAKES MUTUAL WATER COMPANY?
- The employer identification number (EIN) of PALOMINO LAKES MUTUAL WATER COMPANY is 94-1612327.
- Is PALOMINO LAKES MUTUAL WATER COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1975.
- Are donations to PALOMINO LAKES MUTUAL WATER COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALOMINO LAKES 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 PALOMINO LAKES MUTUAL WATER COMPANY due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALOMINO LAKES MUTUAL WATER COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of PALOMINO LAKES MUTUAL WATER COMPANY?
- The 990 for the year ended March 31, 2025 names Michael Knudtzon.
- Who are the officers and directors of PALOMINO LAKES MUTUAL WATER COMPANY?
- The 990 for the year ended March 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PALOMINO LAKES MUTUAL WATER COMPANY have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $230,747, expenses of $267,868 and total assets of $1,894,854 at year end.
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