Island Irrigation Company
- Assets
- $80.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rigby, ID
- Founding
- 04/1996
- Data as of
- 12/2022
- EIN
- 82-0132982
Organization Overview
Island Irrigation Company is located in Rigby, ID. The organization was established in 1996. 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. Island Irrigation 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 12/2022, Island Irrigation Company generated $27.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $37.0k during the year ending 12/2022. 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 WAS FORMED TO PROVIDE THE DELIVERY OF IRRIGATION WATER TO FIELD CROPS TO THOSE SHAREHOLDERS WITHIN THE GEOGRAPHICAL BOUNDARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Sheppard President | 1 | $0 | |
Ben Briggs Director | 1 | $0 | |
Jeremy Hall VP | 1 | $0 | |
Shane Jacobsen Director | 1 | $0 | |
Mike Thorngren Director | 1 | $0 | |
Kimberly Thorngren Secretary | 1 | $1,624 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,863 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,863 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,031 |
| Professional fees and other payments to independent contractors | $9,240 |
| Occupancy, rent, utilities, and maintenance | $10,835 |
| Printing, publications, postage, and shipping | $219 |
| Other expenses | $8,712 |
| Total expenses | $37,037 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,520 |
| Other assets | $0 |
| Total assets | $80,520 |
| Total liabilities | $1,077 |
| Net assets or fund balances | $79,443 |