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Nonprofit · EIN 95-1289760

TERRACE WATER COMPANY

Tax-exempt · COLTON, CA 92324

Financials

$8.2M$816K2023$1M$1.4M2024
Revenue Expenses · by fiscal year end
Financials of TERRACE WATER COMPANY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,025,258$1,377,086-$351,828$10,275,158$305,699$9,969,459
December 31, 2023990$8,165,018$816,458$7,348,560$10,929,236$607,949$10,321,287
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$866,399
Investment income
$158,859
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$14,750
Other salaries and wages
$232,135
Salaries, compensation and benefits (total)
$280,472
Professional fundraising fees
$0
Legal fees
$17,742
Accounting fees
$410,303

Balance sheet and other

Total assets, start of year
$10,929,236
Total assets, end of year
$10,275,158
Total liabilities, end of year
$305,699
Net assets, end of year
$9,969,459
Land, buildings and equipment
$2,017,734
Gross receipts
$1,025,258
Employees
10
Year formed
1890
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
YVETTE BYNUMSecretary
Trustee or director, Officer
2$3,000
MIKE MURPHYVice President
Trustee or director, Officer
2$3,000
ABBY FLORESTreasurer
Trustee or director, Officer
2$3,000
GENE MCCUTCHENMEMBER
Trustee or director
2$3,000
LAURA CORRAL-FLORESPresident
Trustee or director, Officer
2$2,750
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
YVETTE BYNUMSecretary
Trustee or director, Officer
2$3,000
MIKE MURPHYVice President
Trustee or director, Officer
2$3,000
ABBY FLORESTreasurer
Trustee or director, Officer
2$3,000
LAURA CORRAL-FLORESPresident
Trustee or director, Officer
2$3,000
GENE MCCUTCHENMEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1095 STEVENSON ST # 12, COLTON, CA 92324-1625
Signed the 990
LAURA CORRAL-FLORES, President
Phone
(909) 825-5224
Return prepared by
Spafford and Landry Inc

California records

California keeps its own records of charities and corporations. Search them by EIN 95-1289760 or by the name TERRACE WATER COMPANY.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO PROVIDE WATER TO SHAREHOLDERS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE WATER TO SHAREHOLDERS.
    Expenses $1,377,086 · revenue $866,399

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
95-1289760
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1945
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,275,158
Income (IRS master file)
$1,025,258

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,025,258$1,377,086$10,275,158XML
990December 2023$8,165,018$816,458$10,929,236XML
990December 2022$969,097$870,794$3,625,999IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 95-1289760).

Questions about TERRACE WATER COMPANY

What is the EIN of TERRACE WATER COMPANY?
The employer identification number (EIN) of TERRACE WATER COMPANY is 95-1289760.
Is TERRACE WATER COMPANY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1945.
Are donations to TERRACE WATER COMPANY tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TERRACE 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 TERRACE WATER COMPANY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TERRACE WATER COMPANY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of TERRACE WATER COMPANY?
The 990 for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $3,000 (YVETTE BYNUM, Secretary).
How much revenue does TERRACE WATER COMPANY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,025,258, expenses of $1,377,086 and total assets of $10,275,158 at year end.

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