Twin Lakes Reservoir And Canal Company

Organization Overview

Twin Lakes Reservoir And Canal Company is located in Ordway, CO. The organization was established in 1955. 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, Twin Lakes Reservoir And Canal Company employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Lakes Reservoir And Canal 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 12/2022, Twin Lakes Reservoir And Canal Company 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 5.0% each year. All expenses for the organization totaled $855.6k during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FOR THE STORAGE AND DISTRIBUTION OR IRRIGATION WATER FOR THE MUTUAL BENEFIT OF THE STOCKHOLDERS OF THE COMPANY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE FOR THE STORAGE AND DISTRIBUTION OF IRRIGATION WATER FOR THE MUTUAL BENEFIT OF THE STOCKHOLDERS OF THE COMPANY


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Board, Officers & Key Employees

Name (title)Compensation
Alan Ward
Vice President
$0
Kalsoum Abbasa
President
$0
Rick Kienitz
Treasurer
$0
Mike Cobb
Secretary
$0
Kim Gortz
Director
$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$1,492,309
Investment income $521
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 $1,546,486

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