Portneuf-Marsh Valley Canal Company Ltd
- Assets
- $241.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Downey, ID
- Founding
- 01/1935
- Data as of
- 12/2023
- EIN
- 82-0155855
Organization Overview
Portneuf-Marsh Valley Canal Company Ltd is located in Downey, ID. The organization was established in 1935. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portneuf-Marsh Valley Canal Company Ltd 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, Portneuf-Marsh Valley Canal Company Ltd generated $170.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $127.2k during the year ending 12/2023. While expenses have increased by 5.4% 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
MAINTAINED CANALS AND WAERWAYS IN THE UPPER PORTNEUF RIVER BASIN TO THE DOWNEY IDAHO AREA, FOR IMPROVED IRRIGATION FOR THE MEMBERS OF THE ORGANIZATION. MANAGED THE WATER USAGE FOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradie Hansen President | 2 | $120 | |
Lonny Dahlke Vice President | 2 | $120 | |
John Brady Director | 1 | $110 | |
Tim Losee Secretary | 2 | $220 | |
Dave Allen Director | 1 | $90 | |
John Hyde Water Master | 20 | $27,292 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,100 |
| Membership dues | $139,175 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,466 |
| Total Revenue | $170,741 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,570 |
| Professional fees and other payments to independent contractors | $8,103 |
| Occupancy, rent, utilities, and maintenance | $44,601 |
| Printing, publications, postage, and shipping | $1,813 |
| Other expenses | $43,072 |
| Total expenses | $127,159 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,247 |
| Other assets | $0 |
| Total assets | $241,106 |
| Total liabilities | $46,540 |
| Net assets or fund balances | $194,566 |