Watson Canal Company
- Assets
- $108.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Blackfoot, ID
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-5040863
Organization Overview
Watson 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. Watson 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 12/2023, Watson Canal Company generated $45.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $22.2k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 5 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE CANAL SYSTEM WAS MAINTAINED AND MANAGED SO THAT THE APPROPRIATE AMOUNT OF PUBLIC WATER WAS DELIVERED TO APPROXIMATELY 100 STOCKHOLDERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Williams President | 3 | $0 | |
Merlin Morgan Board Member | 2 | $0 | |
Stephen G Williams Board Member | 0 | $0 | |
Jerry E Jensen Board Member | 2 | $0 | |
Kevin Caldwell Board Member | 2 | $0 | |
Delwyn W Stander Secretary | 5 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $45,206 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,206 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,255 |
| Professional fees and other payments to independent contractors | $3,769 |
| Occupancy, rent, utilities, and maintenance | $8,742 |
| Printing, publications, postage, and shipping | $446 |
| Other expenses | $0 |
| Total expenses | $22,212 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,795 |
| Other assets | $0 |
| Total assets | $108,795 |
| Total liabilities | $0 |
| Net assets or fund balances | $108,795 |