Paxton & Hershey Water & Irrigation Co
- Assets
- $68.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hershey, NE
- Founding
- 11/1922
- Data as of
- 12/2023
- EIN
- 47-0265250
Organization Overview
Paxton & Hershey Water & Irrigation Co is located in Hershey, NE. The organization was established in 1922. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Paxton & Hershey Water & Irrigation Co 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, Paxton & Hershey Water & Irrigation Co generated $117.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $189.1k during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 9 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
WATER DISTRIBUTION TO AGRICULTURAL CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Arnett Director | 0 | $75 | |
Randy Laubner Director | 0 | $75 | |
Rex Boggs Director | 0 | $75 | |
Gary Schuster Director | 0 | $75 | |
Tim Johnson Director | 0 | $750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $114,866 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,813 |
| Total Revenue | $117,679 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,326 |
| Professional fees and other payments to independent contractors | $955 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $160,839 |
| Total expenses | $189,120 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $68,155 |
| Other assets | $0 |
| Total assets | $68,155 |
| Total liabilities | $108,477 |
| Net assets or fund balances | -$40,322 |