Minatare Mutual Canal & Irrigating Co
- Assets
- $25.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minatare, NE
- Founding
- 12/1934
- Data as of
- 12/2023
- EIN
- 47-6034569
Organization Overview
Minatare Mutual Canal & Irrigating Co is located in Minatare, NE. The organization was established in 1934. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minatare Mutual Canal & Irrigating Co is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Minatare Mutual Canal & Irrigating Co generated $115.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $81.4k during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE IRRIGATION AND MAINTENANCE SERVICE TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Lofing President | 3 | $600 | |
Perry Meyers Vice Preside | 1 | $0 | |
Val Baker Secretary | 1 | $0 | |
Tom Schwartz Director | 1 | $0 | |
Jessie Thelander Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $115,547 |
| Membership dues | $0 |
| Investment income | $164 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,711 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $36,892 |
| Professional fees and other payments to independent contractors | $16,676 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $222 |
| Other expenses | $27,630 |
| Total expenses | $81,420 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,478 |
| Other assets | $0 |
| Total assets | $25,117 |
| Total liabilities | $30,000 |
| Net assets or fund balances | -$4,883 |