Farmers Cooperative Canal Company
- Assets
- $19.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Choteau, MT
- Founding
- 12/1977
- Data as of
- 01/2022
- EIN
- 81-0345042
Organization Overview
Farmers Cooperative Canal Company is located in Choteau, MT. The organization was established in 1977. 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. Farmers Cooperative 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 01/2022, Farmers Cooperative Canal Company generated $27.0k 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 (20.4%) each year. All expenses for the organization totaled $24.5k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 7 years. 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 COMPANY ASSESSES A CHARGE PER SHARE TO THE STOCK HOLDERS TO BE ABLE TO PAY ITS'BILLS. THIS IS NOT A PROFIT MAKING COMPANY. THE ASSESSMENTS ARE MADE IN AN AMOUNT THATIS NEEDED TO MEET THE DEBTS AND TO PAY THE WAGES OF A DITCH RIDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Leys President | 1 | $0 | |
Tom Flowers Director | 1 | $0 | |
Marlin Styren Director | 1 | $0 | |
Joe Cambell Vice President | 1 | $0 | |
Kaylene Larson Director | 1 | $0 | |
Shirley Hodgkiss Sec/treas | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,000 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,196 |
| Total expenses | $24,496 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,593 |
| Other assets | $0 |
| Total assets | $19,457 |
| Total liabilities | $0 |
| Net assets or fund balances | $19,457 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twin Falls Canal Company Twin Falls, ID | $15,506,404 | $6,312,715 |
Aberdeen-Springfield Canal Co Aberdeen, ID | $4,973,666 | $3,199,383 |
Big Wood Canal Company Shoshone, ID | $14,862,261 | $3,464,114 |
Great Bear Management Inc Sioux Falls, SD | $660,116 | $1,449,001 |
Hat Butte Mutual Canal Company Nampa, ID | $519,153 | $1,258,792 |
Montana Institute Of Family Living Great Falls, MT | $1,073,046 | $1,056,475 |
Grand Forks Parks And Recreationfoundation Grand Forks, ND | $9,262,108 | $737,409 |
Salmon River Canal Company Ltd Twin Falls, ID | $1,901,770 | $954,732 |
Friends Of Pathways Jackson, WY | $1,169,249 | $822,365 |
Bottineau Winter Park Inc Bottineau, ND | $4,220,356 | $965,062 |
Bob Marshall Wilderness Foundation Inc Hungry Horse, MT | $747,787 | $622,590 |
Black Hills Parks And Forests Association Hot Springs, SD | $1,297,503 | $1,196,335 |