United Canal Company
- Assets
- $346.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Blackfoot, ID
- Founding
- 02/2007
- Data as of
- 12/2020
- EIN
- 20-4173173
Organization Overview
United Canal Company is located in Blackfoot, ID. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Canal Company is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2020, United Canal Company generated $165.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $153.7k during the year ending 12/2020. While expenses have increased by 10.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Ellis Secr / Treas | 2 | $4,000 | |
Todd Mickelsen Director | 0.5 | $0 | |
Bruce Lake Director | 0.5 | $0 | |
Neal Morgan President | 0.5 | $0 | |
Bill Martin Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $162,919 |
| Investment income | $2,056 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $164,975 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,075 |
| Occupancy, rent, utilities, and maintenance | $3,152 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $143,474 |
| Total expenses | $153,701 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $346,241 |
| Other assets | $0 |
| Total assets | $346,241 |
| Total liabilities | $0 |
| Net assets or fund balances | $346,241 |
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