Lake Canal Company is located in Delta, CO. The organization was established in 1979. 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. Lake 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
WATER WAS PROVIDED TO MEMBERS OF THIS MUTUAL IRRIGATION COMPANY.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Nelson Pres - Dir | 0.75 | $1,200 | |
Mark George Director | 0.75 | $590 | |
Alden Hill S/t - Dir | 0.75 | $590 | |
Greg Stieben VP - Dir | 0.75 | $590 | |
Byron Collins Director | 0.75 | $590 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $106,250 |
| Investment income | $440 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $18,300 |
| Total Revenue | $124,990 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $57,362 |
| Professional fees and other payments to independent contractors | $12,238 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,788 |
| Total expenses | $108,388 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $189,624 |
| Other assets | $0 |
| Total assets | $230,824 |
| Total liabilities | $7,026 |
| Net assets or fund balances | $223,798 |