Northern Colorado Water Association
- Assets
- $19.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Wellington, CO
- Founding
- 02/1988
- Data as of
- 11/2022
- EIN
- 84-0533759
Organization Overview
Northern Colorado Water Association is located in Wellington, CO. The organization was established in 1988. 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 11/2022, Northern Colorado Water Association employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Colorado Water Association 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 11/2022, Northern Colorado Water Association generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.8m during the year ending 11/2022. 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
FURNISHING OF POTABLE WATER FOR DOMESTIC USE IN A RURAL AREA FOR MEMBERS IN THE ASSOCIATION'S BOUNDARIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISHING OF POTABLE WATER FOR DOMESTIC USE IN A RURAL AREA FOR MEMBERS IN THE ASSOCIATION'S BOUNDARIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Chaffin CEO | Trustee | 40 | $18,400 |
Dean Santistevan President | Trustee | 2 | $0 |
Bruce Beckner Board Member | Trustee | 2 | $0 |
Clayton Fawcett Treasurer | Trustee | 2 | $0 |
Ted Swanson Vice President | Trustee | 2 | $0 |
Scott Tomlinson Member | Trustee | 2 | $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 | $2,110,512 |
| Investment income | $4,001 |
| 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 | $2,136,373 |
| 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. | $18,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $336,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,189 |
| Payroll taxes | $31,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,320 |
| Fees for services: Accounting | $35,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,556 |
| Advertising and promotion | $0 |
| Office expenses | $29,605 |
| Information technology | $6,859 |
| Royalties | $0 |
| Occupancy | $20,583 |
| Travel | $4,750 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,030 |
| Insurance | $23,564 |
| All other expenses | $65,695 |
| Total functional expenses | $1,787,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,298,217 |
| Savings and temporary cash investments | $696,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,819 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,217 |
| Prepaid expenses and deferred charges | $24,111 |
| Net Land, buildings, and equipment | $8,704,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,813,452 |
| Total assets | $19,666,490 |
| Accounts payable and accrued expenses | $46,000 |
| 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 | $1,750,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,116 |
| Total liabilities | $1,851,116 |
| Net assets without donor restrictions | $16,873,974 |
| Net assets with donor restrictions | $941,400 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,666,490 |
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