Big Wood Canal Company
- Assets
- $14.1m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Shoshone, ID
- Founding
- 06/1954
- Data as of
- 09/2022
- EIN
- 82-0099260
Organization Overview
Big Wood Canal Company is located in Shoshone, ID. The organization was established in 1954. 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 09/2022, Big Wood Canal Company employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Wood 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 09/2022, Big Wood Canal Company generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2022. 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
TO MAINTAIN THE CANAL SYSTEM AND DELIVER WATER TO THE STOCKHOLDERS (FARMERS).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN THE CANAL SYSTEM AND DELIVER WATER TO THE STOCKHOLDERS (FARMERS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Pendleton President | Officer | 0.5 | $9,900 |
Buck Hendren Director | Trustee | 0.5 | $900 |
Ryan Telford 1st Vice Pres. | Officer | 0.5 | $900 |
Robin Lezamiz Sec/treas. | Officer | 0.5 | $850 |
Doug Kerner Director | Trustee | 0.5 | $750 |
Roddy Adams 2nd Vice Pres. | Officer | 0.5 | $750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,268,866 |
| 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 | $2,268,866 |
| Total Program Service Revenue | $0 |
| Investment income | $8,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $100,605 |
| 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 | $2,443,717 |
| 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. | $22,975 |
| Compensation of current officers, directors, key employees. | $22,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $931,495 |
| Pension plan accruals and contributions | $106,064 |
| Other employee benefits | $197,082 |
| Payroll taxes | $146,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,781 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,277 |
| Advertising and promotion | $0 |
| Office expenses | $39,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,857 |
| Travel | $43,792 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $218,908 |
| Insurance | $97,242 |
| All other expenses | $166,556 |
| Total functional expenses | $2,797,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $911,942 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $50,028 |
| 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 | $11,555,219 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,583,311 |
| Total assets | $14,100,500 |
| Accounts payable and accrued expenses | $63,119 |
| 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 | $314,642 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $53,180 |
| Total liabilities | $430,941 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $74,595 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,920 |
| Retained earnings, endowment, accumulated income, or other funds | $13,590,044 |
| Total liabilities and net assets/fund balances | $14,100,500 |