Watson Canal Company
- Assets
- $85.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Blackfoot, ID
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-5040863
Organization Overview
Watson Canal Company is located in Blackfoot, ID. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watson 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.
For the year ending 12/2022, Watson Canal Company generated $47.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $36.9k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
THE CANAL SYSTEM WAS MAINTAINED AND MANAGED SO THAT THE APPROPRIATE AMOUNT OF PUBLIC WATER WAS DELIVERED TO APPROXIMATELY 100 STOCKHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delwyn W Stander Secretary | 5 | $2,404 | |
Karl Williams President | 3 | $0 | |
Merlin Morgan Board Member | 3 | $0 | |
Kevin Caldwell Board Member | 2 | $0 | |
Stephen G Williams Board Member | 2 | $0 | |
Jerry E Jensen Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $47,415 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,415 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,142 |
| Professional fees and other payments to independent contractors | $4,243 |
| Occupancy, rent, utilities, and maintenance | $23,043 |
| Printing, publications, postage, and shipping | $509 |
| Other expenses | $0 |
| Total expenses | $36,937 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,801 |
| Other assets | $0 |
| Total assets | $85,801 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,801 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norval Electric Cooperative Inc Glasgow, MT | $29,266,137 | $7,862,591 |
Pine Meadow Mutual Water Company South Jordan, UT | $4,406,789 | $974,166 |
Utah Lake Water Users Association Inc Salt Lake City, UT | $13,896,223 | $719,672 |
Oquirrh Mountain Water Company North Salt Lake, UT | $10,266,390 | $445,867 |
Rochester Water Association Rochester, WA | $1,363,067 | $644,458 |
Twin Lakes Canal Co Weston, ID | $9,845,222 | $667,778 |
Richmond Irrigation & Power Company Richmond, UT | $5,381,853 | $298,527 |
Mountain View Irrigation Inc Ogden, UT | $3,700,524 | $1,322,470 |
Barlow Water District Tygh Valley, OR | $2,492,884 | $420,965 |
Mapleton Irrigation Company Springville, UT | $2,602,435 | $813,808 |
Scappoose Drainage Improvement Co Scappoose, OR | $1,353,460 | $391,524 |
C H R District Improvement Company Otis, OR | $963,656 | $226,691 |