Middle Creek Water Users Association
- Assets
- $1.0m
- Revenue
- $284.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Bozeman, MT
- Founding
- Data as of
- 10/2023
- EIN
- 81-0243162
Organization Overview
Middle Creek Water Users Association is located in Bozeman, MT. Middle Creek Water Users Association 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 10/2023, Middle Creek Water Users Association generated $284.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $319.0k during the year ending 10/2023. While expenses have increased by 11.7% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUED OPERATION AND MAINTENANCE OF THE HYALITE DAM IN GALLATIN COUNTY, MONTANA IN ORDER TO PROVIDE WATER PRIMARILY FOR AGRICULTURAL USE AND TO THE CITY OF BOZEMAN, MT. 10,000 SHARES OF WATER (1 SHARE = 1 ACRE-FOOT OF WATER) ARE DIVIDED IN VARIOUS INCREMENTS ACROSS APPROXIMATELY 70 SHAREHOLDERS (WATER USERS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION IS RESPONSIBLE FOR OPERATING AND MAINTAINING HYALITE DAM IN GALLATIN COUNTY, MT. ASSOCIATION SHAREHOLDERS ARE ASSESSED AN ANNUAL OPERATING AND MAINTENANCE FEE PER ACRE-FOOT OF WATER/SHARE OWNED. MONIES COLLECTED FROM SHAREHOLDERS ARE UTILIZED FOR GENERAL OPERATIONS, SALARIES PAID, REPAIRS AND MAINTENANCE OF THE DAM, INCLUDING SUPPLIES AND CONTRACTED WORK, ANNUAL CLEAN-UP OF THE AREA SURROUNDING THE DAM AND THE SPILLWAY, REPAIRS AND MAINTENANCE TO THE FLUME AND CANAL SYSTEM UTILIZED TO DISTRIBUTE WATER TO THE SHAREHOLDERS, AND MAJOR REPAIRS TO THE COTTONWOOD FLUME (REPAYMENT FOR SPECIFIC REPAIRS IS REQUIRED OVER 20 YEARS TO THE DEPT OF NATURAL RESOURCES, THE ASSOCIATION HAS MADE ITS 10TH ANNUAL PAYMENT).
COLLECT FEES FROM ASSOCIATION SHAREHOLDERS/WATER USERS IN ORDER TO MAKE AN ANNUAL PAYMENT TO THE US DEPT OF INTERIOR-BUREAU OF RECLAMATION. THE PURPOSE OF THE FUNDS WAS FOR CONSTRUCTION FOR THE MIDDLE CREEK REHABILITATION PROJECT. REPAYMENT IS REQUIRED OVER 40 YEARS, THE ASSOCIATION HAS MADE ITS 30TH ANNUAL PAYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Bos President | OfficerTrustee | 1 | $0 |
Craig White Vice President | OfficerTrustee | 1 | $0 |
Brian Heaston Director | Trustee | 1 | $0 |
Gerry Dusenberry Director | Trustee | 1 | $0 |
Gene Dusenberry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $261,964 |
| Investment income | $5,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $426 |
| Payroll taxes | $765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,345 |
| Fees for services: Accounting | $8,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,732 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,010 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,717 |
| All other expenses | $146 |
| Total functional expenses | $319,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,026,290 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,026,590 |
| Accounts payable and accrued expenses | $89,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,100 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $937,490 |
| Total liabilities and net assets/fund balances | $1,026,590 |