Draper Irrigation Co
- Assets
- $74.9m
- Revenue
- $9.5m
- Investments
- $738.1k
- Employees
- 0
- Location
- Draper, UT
- Founding
- 04/1921
- Data as of
- 12/2021
- EIN
- 87-0215969
Organization Overview
Draper Irrigation Co is located in Draper, UT. The organization was established in 1921. 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. Draper Irrigation 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 12/2021, Draper Irrigation Co generated $9.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $8.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MUTUAL DITCH OR IRRIGATION COMPANY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CULINARY AND IRRIGATION WATER TO SHAREHOLDERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Matis Secretary | OfficerTrustee | 1 | $0 |
Dale Smith Vice President | OfficerTrustee | 2 | $0 |
George Greenwood President | OfficerTrustee | 1 | $0 |
Darrin L Jensen-Peterson Gm/ceo | Officer | 1 | $0 |
Ryan Daw Director | Trustee | 1 | $0 |
Kent Ware Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $403,500 |
| 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 | $403,500 |
| Total Program Service Revenue | $8,950,509 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,511,212 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,467,869 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $692,488 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $420,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,514 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $91,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,346,839 |
| Insurance | $0 |
| All other expenses | $277,257 |
| Total functional expenses | $8,141,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,127 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $493,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $69,197,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $738,100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,513,780 |
| Total assets | $74,945,255 |
| Accounts payable and accrued expenses | $52,103 |
| 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 | $6,687,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$214,571 |
| Total liabilities | $6,524,755 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,099,316 |
| Paid-in or capital surplus, or land, building, or equipment fund | $591,651 |
| Retained earnings, endowment, accumulated income, or other funds | $68,928,165 |
| Total liabilities and net assets/fund balances | $74,945,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Electric Co-Op Inc Heyburn, ID | $23,389,299 | $19,882,483 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
Carbon Power & Light Inc Saratoga, WY | $55,820,091 | $15,960,147 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Big Horn Rural Electric Company Basin, WY | $40,876,204 | $16,016,362 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Bridger Valley Electric Association Inc Mountain View, WY | $29,731,206 | $13,433,186 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
Niobrara Electric Association Inc Lusk, WY | $30,067,658 | $12,306,280 |
Sierra Electric Cooperative Inc Elephant Butte, NM | $28,287,663 | $9,920,270 |