Lone Cabin Ditch And Reservoir Company is located in Paonia, 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. Lone Cabin Ditch And Reservoir 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 12/2016, Lone Cabin Ditch And Reservoir Company generated $26.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $28.7k during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
MAINT. AND DELIVERY OF IRRIGATION WATER TO THE MEMBERS OF THE COMPANY. TYPICAL WATER SEASON LASTS APRIL 1ST TO SEPT 1ST. THERE ARE 18 WATER USERS ON THE SYSTEM
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Briscoe Pres | 1 | $0 | |
Judy Briscoe Sec/treas | 1 | $0 | |
Steve Kossler Director | 0.25 | $0 | |
Paul Biard Director | 0.25 | $0 | |
Pat Cowger Director | 0.25 | $0 | |
Kate Rawlinson Director | 0.25 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $26,077 |
| Membership dues | $0 |
| Investment income | $22 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $26,099 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $265 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,427 |
| Total expenses | $28,692 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,250 |
| Other assets | $0 |
| Total assets | $21,250 |
| Total liabilities | $165,979 |
| Net assets or fund balances | -$144,729 |