Chatfield Reservoir Mitigation Company Inc
- Assets
- $7.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Littleton, CO
- Founding
- Data as of
- 09/2023
- EIN
- 47-5294809
Organization Overview
Chatfield Reservoir Mitigation Company Inc is located in Littleton, CO. Chatfield Reservoir Mitigation Company Inc 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 09/2023, Chatfield Reservoir Mitigation Company Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $2.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 7 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHATFIELD RESERVOIR MITIGATION COMPANY, INC. IMPLEMENTS ENVIRONMENTAL MITIGATION AND RECREATIONAL MODIFICATIONS TO ALLOW RELIABLE WATER STORAGE TO ENHANCE WATER SUPPLIES FOR CURRENT AND FUTURE GENERATIONS, PRIMARILY THROUGH IMPLEMENTATION OF THE CHATFIELD STORAGE REALLOCATION PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHATFIELD RESERVOIR MITIGATION COMPANY, INC. IS UNDERTAKING NECESSARY RECREATIONAL MODIFICATIONS AND ENVIRONMENTAL MITIGATIONS IN THE VICINITY OF CHATFIELD STATE PARK TO IMPLEMENT THE CHATFIELD STORAGE REALLOCATION PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy W Ray President | OfficerTrustee | 4 | $0 |
Kris Wahlers Vice President | OfficerTrustee | 4 | $0 |
Rick Mcloud Director | Trustee | 4 | $0 |
Matt Benak Secretary | OfficerTrustee | 4 | $0 |
Kirk Russell Treasurer | OfficerTrustee | 4 | $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 | $2,060,000 |
| Investment income | $41,681 |
| 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 | $2,101,681 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,298 |
| Fees for services: Accounting | $50,001 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,853 |
| All other expenses | $491,270 |
| Total functional expenses | $2,884,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,690,386 |
| Savings and temporary cash investments | $0 |
| 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 | $7,320 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,000,000 |
| Total assets | $7,697,706 |
| Accounts payable and accrued expenses | $250,025 |
| 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 | $0 |
| Total liabilities | $250,025 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,447,681 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,697,706 |