Base Line Land & Reservoir Co

Organization Overview

Base Line Land & Reservoir Co is located in Longmont, CO. The organization was established in 2019. According to its NTEE Classification (C32) the organization is classified as: Water Resources, Wetlands Conservation & Management, under the broad grouping of Environment and related organizations. As of 11/2023, Base Line Land & Reservoir Co employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Base Line Land & Reservoir Co 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 11/2023, Base Line Land & Reservoir Co generated $159.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $61.3k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE BASE LINE LAND AND RESERVOIR COMPANY OWNS AND OPERATES A WATER COLLECTION, STORAGE, AND DELIVERY SYSTEM. THE COMPANY OWNS THE RESERVOIR WHICH INCLUDES TWO STATE-REGULATED DAMS, TWO INTAKE STRUCTURES AND AN OUTLET STRUCTURE AS WELL AS PROPERTY SURROUNDING THE RESERVOIR. THE COMPANY IS RESPONSIBLE FOR THE OUTLET DITCH TO THE POINT OF CONFLUENCE OF THE OUTLET DITCH AND THE DRY CREEK CARRIER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WATER COLLECTION, STORAGE AND DELIVERY.


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Board, Officers & Key Employees

Name (title)Compensation
Melanie Asquith
President
$0
Warren Potter
Vice President
$0
James Clemmer
Director
$0
Susan Sanders
Director
$0
Amy Willhite
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$110,201
Investment income $9,051
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $40,000
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 $159,252

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