Rancho California Water District Veba Tr

Forbes Phillip L Ttee

Temecula, CA
Tax-exempt since May 2005
EIN: 75-3143185

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Type of Nonprofit

Designated as a 501(c)(9) Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Category: Mutual/Membership Benefit Organizations, Other / Voluntary Employees Beneficiary Associations (Government) (NTEE)

Donations to this organization are not tax deductible.

Revenue

$2.13M (2024)

Expenses

$1.63M (2024)

Total Assets

$36.2M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$2,128,635

Expenses

$1,626,825

Net Income

$501,810

Net Assets

$36,191,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$931,740	43.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,196,895	56.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$36,191,289
Total Liabilities	$0
Net Assets	$36,191,289

Compensation

Key Employees and Officers	Compensation	Related	Other
Us Bank (Custodian)	$22,995	$27,221	$0

990

Filed on May 14, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2023

Revenue

$1,358,970

Expenses

$1,814,957

Net Income

-$455,987

Net Assets

$34,376,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$953,339	70.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$405,631	29.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$34,376,688
Total Liabilities	$0
Net Assets	$34,376,688

Compensation

Key Employees and Officers	Compensation	Related	Other
Us Bank Custodian (555 Sw Oak St Portland Or 92704)	$21,953	$30,774	$0

990

Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2022

Revenue

$1,132,962

Expenses

$1,911,764

Net Income

-$778,802

Net Assets

$33,482,480

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$919,576	81.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$213,386	18.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$33,482,480
Total Liabilities	$0
Net Assets	$33,482,480

Compensation

Key Employees and Officers	Compensation	Related	Other
Us Bank Custodian (555 Sw Oak St Portland Or 92704)	$25,746	$32,452	$0

990

Filed on Oct. 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2021

Revenue

$1,587,031

Expenses

$1,811,653

Net Income

-$224,622

Net Assets

$40,807,036

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$475,604	30.0%
Investment Income	$824,099	51.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$287,328	18.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$40,807,036
Total Liabilities	$0
Net Assets	$40,807,036

Compensation

Key Employees and Officers	Compensation	Related	Other
Us Bank (Custodian)	$23,943	$34,501	$0

990

Filed on May 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending June
2020

Revenue

$8,826,076

Expenses

$1,755,056

Net Income

$7,071,020

Net Assets

$33,692,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,064,305	91.4%
Investment Income	$757,337	8.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,434	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$33,692,185
Total Liabilities	$0
Net Assets	$33,692,185

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2019

Revenue

$2,204,971

Expenses

$1,761,254

Net Income

$443,717

Net Assets

$26,334,935

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$921,470	41.8%
Investment Income	$700,121	31.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$583,380	26.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$26,334,935
Total Liabilities	$0
Net Assets	$26,334,935

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Revenue

$2,316,298

Expenses

$1,680,391

Net Income

$635,907

Net Assets

$25,534,467

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$910,053	39.3%
Investment Income	$668,273	28.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$737,972	31.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$25,534,467
Total Liabilities	$0
Net Assets	$25,534,467

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$2,570,746

Expenses

$1,485,828

Net Income

$1,084,918

Net Assets

$24,732,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$777,750	30.3%
Investment Income	$666,457	25.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,126,539	43.8%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$24,732,837
Total Liabilities	$0
Net Assets	$24,732,837

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$1,379,807

Expenses

$1,391,905

Net Income

-$12,098

Net Assets

$23,484,087

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$777,750	56.4%
Investment Income	$645,190	46.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$43,133
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$23,527,341
Total Liabilities	$43,254
Net Assets	$23,484,087

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$1,900,457

Expenses

$1,291,802

Net Income

$608,655

Net Assets

$23,362,278

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$651,673	34.3%
Investment Income	$658,417	34.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$590,367	31.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$23,362,278
Total Liabilities	$0
Net Assets	$23,362,278

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$1,308,353

Expenses

$1,233,123

Net Income

$75,230

Net Assets

$23,597,918

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$618,959	47.3%
Investment Income	$677,349	51.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$12,045	0.9%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$23,597,918
Total Liabilities	$0
Net Assets	$23,597,918

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$8,842,342

Expenses

$1,037,081

Net Income

$7,805,261

Net Assets

$21,359,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,286,090	93.7%
Investment Income	$537,110	6.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$19,142	0.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$21,359,872
Total Liabilities	$0
Net Assets	$21,359,872

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$986,674

Expenses

$886,561

Net Income

$100,113

Net Assets

$13,504,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$280,896	28.5%
Investment Income	$465,642	47.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$124,146	12.6%
Net Inventory Sales	$0
Other Revenue	$115,990	11.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$13,504,687
Total Liabilities	$0
Net Assets	$13,504,687

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$1,455,563

Expenses

$748,579

Net Income

$706,984

Net Assets

$13,090,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$761,455	52.3%
Investment Income	$438,474	30.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$247,363	17.0%
Net Inventory Sales	$0
Other Revenue	$8,271	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$13,090,042
Total Liabilities	$0
Net Assets	$13,090,042

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated January 26, 2026

Rancho California Water District Veba Tr

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.13M (2024)

Expenses $1.63M (2024)

Total Assets $36.2M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2011

Extracted Financial Data

Revenue

$2.13M (2024)

Expenses

$1.63M (2024)

Total Assets

$36.2M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004