Canon City & Oil Creek Ditch Company is located in Canon City, CO. Canon City & Oil Creek Ditch 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 12/2022, Canon City & Oil Creek Ditch Company generated $45.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $27.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 4 years. 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
2022
Describe the Organization's Program Activity:
Part 3
REVENUE ALLOWED MAINTENANCE, REPAIR AND COMPLETE UPKEEP FOR THE 2021 IRRIGATION SEASON.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James D Koehn President | 0 | $0 | |
Thane Seufer Director | 0 | $0 | |
George R Turner Secretary | 0 | $0 | |
Manny Colon Director | 0 | $0 | |
David Adamic Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $45,493 |
| Investment income | $207 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,700 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,633 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $1,405 |
| Printing, publications, postage, and shipping | $373 |
| Other expenses | $15,934 |
| Total expenses | $27,095 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,593 |
| Other assets | $0 |
| Total assets | $157,593 |
| Total liabilities | $0 |
| Net assets or fund balances | $157,593 |