Farmers Cooperative Canal Company
- Assets
- $20.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Choteau, MT
- Founding
- 12/1977
- Data as of
- 01/2023
- 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 01/2023, Farmers Cooperative Canal Company generated $34.8k 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 (7.6%) each year. All expenses for the organization totaled $33.6k during the year ending 01/2023. As we would expect to see with falling revenues, expenses have declined by (4.0%) 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
2023
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 | $34,750 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $34,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,500 |
| Professional fees and other payments to independent contractors | $14,643 |
| Occupancy, rent, utilities, and maintenance | $40 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,459 |
| Total expenses | $33,642 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,701 |
| Other assets | $0 |
| Total assets | $20,565 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,565 |