Teton Cooperative Reservoir Co
- Assets
- $504.7k
- Revenue
- $87.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bynum, MT
- Founding
- 11/2008
- Data as of
- 10/2022
- EIN
- 81-0304219
Organization Overview
Teton Cooperative Reservoir Co is located in Bynum, MT. The organization was established in 2008. According to its NTEE Classification (Y99) the organization is classified as: Mutual & Membership Benefit N.E.C., 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. Teton Cooperative Reservoir 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 10/2022, Teton Cooperative Reservoir Co generated $87.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $49.2k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN RESERVOIR, DAM, WATER DIVERSION SYSTEM AND CANAL DELIVERY SYSTEM FOR IRRIGATION WATER. RECEIVE WATER TO STORE AND THEN DELIVER TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WERE ABLE TO STORE WATER IN THE RESERVOIR AND DELIVER ALLOCATIONS TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ross Kesler Vice-President | OfficerTrustee | 0.5 | $0 |
Tom Maltby President | OfficerTrustee | 1 | $0 |
Neal Collins Water Commissioner | Officer | 0.5 | $0 |
Joel Rouns Trustee | Trustee | 0.25 | $0 |
Tom Lightner Trustee | Trustee | 0.25 | $0 |
Mark Debruycker Trustee | Trustee | 0.5 | $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 | $80,400 |
| Investment income | $4 |
| 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 | $86,994 |
| 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. | $2,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $665 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,195 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,968 |
| All other expenses | $105 |
| Total functional expenses | $49,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,735 |
| Savings and temporary cash investments | $47,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $455,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $504,670 |
| Accounts payable and accrued expenses | $0 |
| 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 | $252,792 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $252,792 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $49,670 |
| Paid-in or capital surplus, or land, building, or equipment fund | $455,000 |
| Retained earnings, endowment, accumulated income, or other funds | -$252,792 |
| Total liabilities and net assets/fund balances | $504,670 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pondera County Canal & Reservoir Co Valier, MT | $11,621,861 | $2,988,123 |
Associated General Contractors Of America Idaho Branch Inc Boise, ID | $5,516,442 | $2,334,695 |
Hamsters Usa Inc Rapid City, SD | $93,419 | $0 |
Teton Cooperative Reservoir Co Bynum, MT | $504,670 | $86,994 |
Women Of Rollins Club Rollins, MT | $392,269 | $0 |
North Dakota Association Of Technology Leaders Bismarck, ND | $84,884 | $0 |