Glen Lake Irrigation District is located in Eureka, MT. The organization was established in 1998. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glen Lake Irrigation District 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 06/2022, Glen Lake Irrigation District generated $81.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $68.4k during the year ending 06/2022. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE #2 STATEMENT #4
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING IRRIGATION WATER TO ABOUT 254 FARMS WITHIN AN AREA OF APPROXIMATELY 3,342 ACRES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Norma Shaffer Secretary | Officer | 20 | $9,218 |
Joe Purdy Commissioner | Officer | 2 | $0 |
Kevin Mccully Ditch Rider | Officer | 40 | $0 |
Douglas Benford Commissioner | Officer | 2 | $0 |
Steve Curtiss Chairman | Officer | 5 | $0 |
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 | $81,642 |
Investment income | $1 |
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 | $81,643 |
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. | $9,218 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $21,143 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,580 |
Fees for services: Management | $0 |
Fees for services: Legal | $15,621 |
Fees for services: Accounting | $1,264 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $86 |
Office expenses | $552 |
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 | $46 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,176 |
All other expenses | $2,636 |
Total functional expenses | $68,428 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,092 |
Savings and temporary cash investments | $57,764 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $814 |
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 | $5,690,498 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,764,168 |
Accounts payable and accrued expenses | $703 |
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 | $703 |
Net assets without donor restrictions | $5,763,465 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
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 | $5,764,168 |
Organization Name | Assets | Revenue |
---|---|---|
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Rosebud Electric Cooperative Inc Gregory, SD | $32,506,970 | $8,797,386 |
Rushmore Electric Power Cooperative Inc Rapid City, SD | $66,615,714 | $7,530,453 |
Big Horn County Electric Cooperative Inc Hardin, MT | $18,794,081 | $8,393,907 |
Cam Wal Electric Cooperative Inc Selby, SD | $28,154,586 | $7,408,612 |
Idaho County Light & Power Cooperative Association Inc Highwa Grangeville, ID | $19,684,328 | $7,493,307 |
Butte Electric Cooperative Inc Newell, SD | $66,049,241 | $8,524,779 |
Marias River Electric Cooperative Inc Shelby, MT | $18,173,914 | $7,549,069 |
Salmon River Electric Cooperative Inc Challis, ID | $19,095,369 | $7,043,358 |
Southeast Electric Cooperative Inc Ekalaka, MT | $22,253,929 | $7,030,153 |