Schneider Ditch Company

Organization Overview

Schneider Ditch Company is located in Sterling, CO. The organization was established in 1945. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Schneider Ditch 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 02/2022, Schneider Ditch Company generated $102.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $106.5k during the year ending 02/2022. While expenses have increased by 15.2% per year over the past 2 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

THE ORGANIZATION WAS FORMED TO PROVIDE AND MANAGE A DELIVERY MECHANISM FOR AGRICULTURAL IRRIGATION WATER TO ITS MEMBERS, ALL OF WHOM ARE LOCATED IN LOGAN COUNTY, COLORADO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SOLE PURPOSE IS TO SET AND COLLECT ASSESSMENTS FOR THE REPAIR AND MAINTENANCE OF AN IRRIGATION DITCH IN DELIVERING WATER TO THE 18 LANDOWNER/SHAREHOLDERS REPRESENTING 125 SHARES OF STOCK.


THE SOLE PURPOSE IS TO SET AND COLLECT ASSESSMENTS FOR THE REPAIR AND MAINTENANCE OF AN IRRIGATION DITCH IN DELIVERING WATER TO THE 18 LANDOWNER/SHAREHOLDERS REPRESENTING 125 SHARES OF STOCK.


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Board, Officers & Key Employees

Name (title)Compensation
Dean Rasmussen
Vice Preside
$0
Robert Lingreen
President
$0
Carson Smart
Secretary
$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$101,875
Investment income $110
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 $101,985

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