Grand Valley Irrigation Company
- Assets
- $15.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Grand Junction, CO
- Founding
- 06/1970
- Data as of
- 09/2024
- EIN
- 84-0215800
Organization Overview
Grand Valley Irrigation Company is located in Grand Junction, CO. The organization was established in 1970. 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 09/2024, Grand Valley Irrigation Company employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Valley Irrigation 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 09/2024, Grand Valley Irrigation Company generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $2.0m during the year ending 09/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE IRRIGATION WATER TO SHAREHOLDERS OF COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE IRRIGATION WATER TO SHAREHOLDER OF COMPANY. MAINTAIN AND OPERATE SYSTEM TO INSURE DELIVERY OF ALL WATER RIGHTS TO SHAREHOLDERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Norris Director | Trustee | 5 | $5,550 |
John Justman Director | Trustee | 5 | $2,700 |
Ty Jones Director | Trustee | 5 | $2,200 |
Charles W Reid Director | Trustee | 5 | $2,200 |
Kelly Tonozzi Director | Trustee | 5 | $1,800 |
Mike Gardner Director | Trustee | 5 | $1,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $342,429 |
| 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 | $342,429 |
| Total Program Service Revenue | $1,699,699 |
| Investment income | $7,314 |
| 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 | $2,086,632 |
| 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 | $780,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $133,884 |
| Payroll taxes | $89,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,011 |
| Fees for services: Accounting | $13,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,052 |
| Advertising and promotion | $463 |
| Office expenses | $19,419 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,074 |
| Travel | $2,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $346,394 |
| Insurance | $118,314 |
| All other expenses | $40,039 |
| Total functional expenses | $1,952,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,487 |
| Savings and temporary cash investments | $181,294 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,760 |
| 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 | $70,192 |
| Net Land, buildings, and equipment | $13,977,267 |
| Investments—publicly traded securities | $414,570 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,041,570 |
| Accounts payable and accrued expenses | $17,975 |
| Grants payable | $0 |
| Deferred revenue | $61,760 |
| 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 | $115,778 |
| Total liabilities | $195,513 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $240,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $85,437 |
| Retained earnings, endowment, accumulated income, or other funds | $14,520,620 |
| Total liabilities and net assets/fund balances | $15,041,570 |