Cozad Ditch Company
- Assets
- $6.7m
- Revenue
- $373.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Cozad, NE
- Founding
- 09/1925
- Data as of
- 12/2017
- EIN
- 47-0135420
Organization Overview
Cozad Ditch Company is located in Cozad, NE. The organization was established in 1925. 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 12/2017, Cozad Ditch Company employed 2 individuals. Cozad Ditch 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 12/2017, Cozad Ditch Company generated $373.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 56.0% each year . All expenses for the organization totaled $457.2k during the year ending 12/2017. While expenses have increased by 45.3% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE IRRIGATION WATER TO IRRIGATORS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COZAD DITCH COMPANY IS A NON-PROFIT MUTUALLY OWNED IRRIGATION DITCH COMPANY WHICH HAS EXISTED SINCE 1893. IT SUPPLIES WATER TO FARMER-OWNERS. ALL INCOME IS FROM ASSESSMENTS TO FARMERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Brownfield Secretary | OfficerTrustee | 2 | $0 |
Ross Spradlin President | OfficerTrustee | 2 | $0 |
Steve Hanna Treasurer | OfficerTrustee | 2 | $0 |
Justin Kinnan Vice Preside | OfficerTrustee | 2 | $0 |
Will Geiger 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 | $362,742 |
| Investment income | $480 |
| 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 | $373,041 |
| 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 | $68,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,488 |
| Insurance | $0 |
| All other expenses | $89,287 |
| Total functional expenses | $457,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,219 |
| Savings and temporary cash investments | $145,536 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,572,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,230 |
| Total assets | $6,747,600 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,508,447 |
| Total liabilities | $1,508,447 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $5,239,153 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $5,239,153 |
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