Bessemer Irrigating Ditch Co
- Assets
- $3.9m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Pueblo, CO
- Founding
- 07/1934
- Data as of
- 12/2022
- EIN
- 84-0148340
Organization Overview
Bessemer Irrigating Ditch Co is located in Pueblo, CO. The organization was established in 1934. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Bessemer Irrigating Ditch Co employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bessemer Irrigating Ditch 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 12/2022, Bessemer Irrigating Ditch Co generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $744.7k during the year ending 12/2022. 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
THE ORGANIZATION'S MISSION TO PROVIDE FOR REPAIRS AND MAINTENANCE OF THE BESSEMER DITCH AND PROVIDE DELIVERY OF WATER TO ITS STOCKHOLDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPAIR AND MAINTENANCE OF DITCH AND DELIVERY OF WATER.
REPAIR AND MAINTENANCE OF DITCH AND DELIVERY OF WATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Hill Secretary/tr | OfficerTrustee | 40 | $83,816 |
Justin J Disanti President | OfficerTrustee | 1 | $700 |
Timothy W Hund Vice Preside | OfficerTrustee | 1 | $600 |
Alan Ward Director | Trustee | 1 | $600 |
Daniel Genova Director | Trustee | 1 | $500 |
Ryan Froman Director | Trustee | 1 | $450 |
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 | $1,492,547 |
| Investment income | $418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,354 |
| Net Gain/Loss on Asset Sales | $22,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,545,146 |
| 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. | $87,766 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,176 |
| Pension plan accruals and contributions | $4,944 |
| Other employee benefits | $44,593 |
| Payroll taxes | $21,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,957 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,764 |
| Advertising and promotion | $0 |
| Office expenses | $22,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,110 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,269 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,329 |
| Insurance | $43,281 |
| All other expenses | $18,784 |
| Total functional expenses | $744,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $570,097 |
| Savings and temporary cash investments | $1,038,815 |
| 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 | $1,953,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $292,209 |
| Intangible assets | $0 |
| Other assets | $86,355 |
| Total assets | $3,940,824 |
| 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 | $771,586 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $771,586 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $197,386 |
| Paid-in or capital surplus, or land, building, or equipment fund | $609,410 |
| Retained earnings, endowment, accumulated income, or other funds | $2,362,442 |
| Total liabilities and net assets/fund balances | $3,940,824 |
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