TY 2014 Form 990EZ


	1	Contributions, gifts, grants, and similar amounts received...............	1
2	Program service revenue including government fees and contracts ............	2
3	Membership dues and assessments......................	3	87,858
4	Investment income...........................	4	175
5a	Gross amount from sale of assets other than inventory........	5a
b	Less: cost or other basis and sales expenses...........	5b	0
c	Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......	5c
6	Gaming and fundraising events
a	Gross income from gaming (attach Schedule G if greater than $15,000) .	6a
b	Gross income from fundraising events (not including $ of contributions from fundraising events reported on line 1) (attach Schedule G if the
	sum of such gross income and contributions exceeds $15,000)	6b	0
c	Less: direct expenses from gaming and fundraising events.......	6c	0
d	Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)	6d
7a	Gross sales of inventory, less returns and allowances........	7a
b	Less: cost of goods sold.................	7b	0
c	Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........	7c
8	Other revenue (describe in Schedule O) .....................	8
9	Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8..............	9	88,033
	10	Grants and similar amounts paid (list in Schedule O) .................	10
11	Benefits paid to or for members........................	11
12	Salaries, other compensation, and employee benefits................	12	10,010
13	Professional fees and other payments to independent contractors............	13	19,361
14	Occupancy, rent, utilities, and maintenance...................	14	441
15	Printing, publications, postage, and shipping...................	15	31
16	Other expenses (describe in Schedule O) ....................	16	26,814
17	Total expenses. Add lines 10 through 16 .................	17	56,657
	18	Excess or (deficit) for the year (Subtract line 17 from line 9)............	18	31,376
19	Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with
	end-of-year figure reported on prior year’s return)................	19	349,566
20	Other changes in net assets or fund balances (explain in Schedule O) ..........	20
21	Net assets or fund balances at end of year. Combine lines 18 through 20.........	21	380,942

Contributions, gifts, grants, and similar amounts received...............

Program service revenue including government fees and contracts ............

Membership dues and assessments......................

87,858

Investment income...........................

175

Gross amount from sale of assets other than inventory........

Less: cost or other basis and sales expenses...........

Gain or (loss) from sale of assets other than inventory (Subtract line 5b from line 5a) ......

Gaming and fundraising events

Gross income from gaming (attach Schedule G if greater than $15,000) .

Gross income from fundraising events (not including $ of contributions
from fundraising events reported on line 1) (attach Schedule G if the

sum of such gross income and contributions exceeds $15,000)

Less: direct expenses from gaming and fundraising events.......

Net income or (loss) from gaming and fundraising events (add lines 6a and 6b and subtract line 6c)

Gross sales of inventory, less returns and allowances........

Less: cost of goods sold.................

Gross profit or (loss) from sales of inventory (Subtract line 7b from line 7a) .........

Other revenue (describe in Schedule O) .....................

Total revenue. Add lines 1, 2, 3, 4, 5c, 6d, 7c, and 8.............. Bullet

88,033

Grants and similar amounts paid (list in Schedule O) .................

Benefits paid to or for members........................

Salaries, other compensation, and employee benefits................

10,010

Professional fees and other payments to independent contractors............

19,361

Occupancy, rent, utilities, and maintenance...................

441

Printing, publications, postage, and shipping...................

Other expenses (describe in Schedule O) ....................

26,814

Total expenses. Add lines 10 through 16 ................. Bullet

56,657

Excess or (deficit) for the year (Subtract line 17 from line 9)............

31,376

Net assets or fund balances at beginning of year (from line 27, column (A)) (must agree with

end-of-year figure reported on prior year’s return)................

349,566

Other changes in net assets or fund balances (explain in Schedule O) ..........

Net assets or fund balances at end of year. Combine lines 18 through 20......... Bullet

380,942

Part IIIStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III .	Expenses (Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)
What is the organization's primary exempt purpose? PROVIDE WATER SERVICES TO RESIDENTIAL HOMES AND LOTS WITHIN BELMONT TERRACE
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.
28 BELMONT TERRACE MUTUAL WATER COMPANY WAS CREATED IN 1962 TO BRING WATER TO THE LOTS AN PARCELS OF LAND THAT COMPRISE BELMONT TERRACE, A TRACT OF LAND IN SEBASTOPOL, CALIFORNIA. THE TRACT IS SUBDIVIDED INTO RESIDENTIAL BUILDING PARCELS. THE MUTUAL WATER COMPANY WAS FORMED TO DEVELOP WATER SUPPLIES; CONSTRUCT, INSTALL AND OERATE WATER SYSTEMS; AND SELL AND DELIVER WATER WITHOUT PROFIT TO IS MEMBERS, THE OWNERS OF THE LAND PARCELS WITHIN BELMONT TERRACE, FOR DOMESTIC USE. IT CONTINUES TO DELIVER WATER AND MAINTAIN THE WATER SYSTEM FOR ITS MEMBERS. (Grants $ 56,657) If this amount includes foreign grants, check here ...	28a
29 (Grants $ ) If this amount includes foreign grants, check here ...	29a
30 (Grants $ ) If this amount includes foreign grants, check here ...	30a
31 Other program services (describe in Schedule O) (Grants $ ) If this amount includes foreign grants, check here...	31a
32 Total program service expenses (add lines 28a through 31a)..........	32	56,657

Part IIIStatement of Program Service Accomplishments (see the instructions for Part III) Check if the organization used Schedule O to respond to any question in this Part III .

Expenses
(Required for section 501(c)(3) and 501(c)(4) organizations; optional for others.)

What is the organization's primary exempt purpose? PROVIDE WATER SERVICES TO RESIDENTIAL HOMES AND LOTS WITHIN BELMONT TERRACE

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. In a clear and concise manner, describe the services provided, the number of persons benefited, and other relevant information for each program title.

28 BELMONT TERRACE MUTUAL WATER COMPANY WAS CREATED IN 1962 TO BRING WATER TO THE LOTS AN PARCELS OF LAND THAT COMPRISE BELMONT TERRACE, A TRACT OF LAND IN SEBASTOPOL, CALIFORNIA. THE TRACT IS SUBDIVIDED INTO RESIDENTIAL BUILDING PARCELS. THE MUTUAL WATER COMPANY WAS FORMED TO DEVELOP WATER SUPPLIES; CONSTRUCT, INSTALL AND OERATE WATER SYSTEMS; AND SELL AND DELIVER WATER WITHOUT PROFIT TO IS MEMBERS, THE OWNERS OF THE LAND PARCELS WITHIN BELMONT TERRACE, FOR DOMESTIC USE. IT CONTINUES TO DELIVER WATER AND MAINTAIN THE WATER SYSTEM FOR ITS MEMBERS.
(Grants $ 56,657) If this amount includes foreign grants, check here ... MediumBullet

28a

29
(Grants $ ) If this amount includes foreign grants, check here ... MediumBullet

29a

30
(Grants $ ) If this amount includes foreign grants, check here ... MediumBullet

30a

31 Other program services (describe in Schedule O)
(Grants $ ) If this amount includes foreign grants, check here... MediumBullet

31a

32 Total program service expenses (add lines 28a through 31a).......... bullet

56,657

(a) Name and title	(b) Average hours per week devoted to position	(c)Reportable compensation (Forms W-2/1099-MISC) (if not paid, enter -0-)	(d) Health benefits, contributions to employee benefit plans, and deferred compensation	(e) Estimated amount of other compensation
HUCK HENSLEY President	2.00	0
VICTORIA CARRARA Secretary	2.00	0
LAURIE MATTINSON Treasurer	2.00	0
OLETA HAMILTON Director	1.00	0

(a) Name and title

(b) Average
hours per week
devoted to position

(c)Reportable compensation
(Forms W-2/1099-MISC) (if not paid, enter -0-)

(d) Health benefits, contributions to employee benefit plans,
and deferred compensation

(e) Estimated amount
of other compensation

HUCK HENSLEY
President

2.00

VICTORIA CARRARA
Secretary

2.00

LAURIE MATTINSON
Treasurer

2.00

OLETA HAMILTON
Director

1.00

(a) Name and title of each employee

(b) Average
hours per week
devoted to position

(c) Reportable compensation
(Forms W-2/1099-MISC)

(d) Health benefits, contributions to employee benefit plans, and deferred compensation

(e) Estimated amount of other compensation

NONE

(a) Name and business address of each independent contractor

(b) Type of service

(c) Compensation

NONE

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

BELMONT TERRACE MUTUAL WATER COMPANY

Employer identification number

94-1610356

Return Reference	Explanation
Other Expenses.1009	Depreciation $7076
Other Expenses.1012	Insurance $4173
Other Expenses.1	UTILITIES $5122
Other Expenses.2	WATER TESTING $2166
Other Expenses.3	OPERATING SUPPLIES $2049
Other Expenses.4	OFFICE SUPPLIES $1649
Other Expenses.5	SMALL TOOLS & EQUIPMENT $828
Other Expenses.6	PROPERTY TAXES $769
Other Expenses.7	DUES AND FEES $597
Other Expenses.8	INTERNET $522
Other Expenses.9	PAYROLL SERVICE $444
Other Expenses.10	COMPUTER EXPENSES $348
Other Expenses.11	MILEAGE REIMBURSEMENT $276
Other Expenses.12	WORKERS COMP INSURANCE $274
Other Expenses.13	REPAIRS AND MAINTENANCE $230
Other Expenses.14	EQUIPMENT REPAIRS $222
Other Expenses.15	BANK CHARGES $69
Other Assets.1005	Accounts Receivable - Beginning $4328 Accounts Receivable - Ending $5986
Other Assets.1	ASSESSMENTS RECEIVABLE - Beginning $5459 ASSESSMENTS RECEIVABLE - Ending $5705
Other Assets.2	STATE TAX OVERPAID - Beginning $0 STATE TAX OVERPAID - Ending $2132
Other Assets.3	DEPOSITS - Beginning $0 DEPOSITS - Ending $777
Total Liabilities.1001	Accounts Payable and Accrued Expenses - Beginning $2761 Accounts Payable and Accrued Expenses - Ending $0
Total Liabilities.1	ACCRUED EXPENSES - Beginning $1073 ACCRUED EXPENSES - Ending $446
Total Liabilities.2	DEFERRED INCOME - Beginning $6960 DEFERRED INCOME - Ending $4640
Total Liabilities.3	STATE TAX PAYABLE - Beginning $1102 STATE TAX PAYABLE - Ending $0
Total Liabilities.4	PAYROLL TAXES PAYABLE - Beginning $552 PAYROLL TAXES PAYABLE - Ending $0

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

Additional Data

Software ID:	14000265
Software Version:	2014v6.0

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