Aberdeen-Springfield Canal Co
- Assets
- $6.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Aberdeen, ID
- Founding
- 08/1992
- Data as of
- 09/2024
- EIN
- 82-0093970
Organization Overview
Aberdeen-Springfield Canal Co is located in Aberdeen, ID. The organization was established in 1992. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 09/2024, Aberdeen-Springfield Canal Co employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aberdeen-Springfield Canal Co 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 09/2024, Aberdeen-Springfield Canal Co generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.9m during the year ending 09/2024. While expenses have increased by 2.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT, MAINTENANCE AND DELIVERY OF WATER CONTROL FOR THE COMPANY'S SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER VIA CANAL INFRASTRUCTURE TO ORGANIZATION SHAREHOLDERS
TO PROVIDE WATER VIA CANAL INFRASTUCTURE TO COMPANY SHAREHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Shackelford President | OfficerTrustee | 1 | $2,200 |
Will Rowe Vice Preside | OfficerTrustee | 1 | $2,000 |
Doug Ruff Treasurer | OfficerTrustee | 1 | $1,600 |
Val Whalen Board Member | Trustee | $2,000 | |
John Houghland Board Member | Trustee | $2,000 | |
Mel Chappell Board Member | Trustee | $1,800 |
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 | $2,640,845 |
| Investment income | $54,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,739,311 |
| 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 | $917,687 |
| Pension plan accruals and contributions | $99,507 |
| Other employee benefits | $90,815 |
| Payroll taxes | $90,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,793 |
| Fees for services: Accounting | $9,635 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,661 |
| Advertising and promotion | $0 |
| Office expenses | $54,081 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $280,311 |
| Insurance | $81,431 |
| All other expenses | $73,794 |
| Total functional expenses | $2,850,203 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,421,537 |
| Savings and temporary cash investments | $201,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,843 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,050,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,827,504 |
| Accounts payable and accrued expenses | $0 |
| 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 | $19,699 |
| Total liabilities | $19,699 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $71,070 |
| Paid-in or capital surplus, or land, building, or equipment fund | $200,000 |
| Retained earnings, endowment, accumulated income, or other funds | $6,536,735 |
| Total liabilities and net assets/fund balances | $6,827,504 |