Island Irrigation Company
- Assets
- $83.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rigby, ID
- Founding
- 04/1996
- Data as of
- 12/2020
- 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 12/2020, Island Irrigation Company generated $25.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $24.5k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
THE COMPANY WAS FORMED TO PROVIDE THE DELIVERY OF IRRIGATION WATERTO FIELD CROPS TO THOSE SHAREHOLDERS WITHIN THE GEOGRAPHYBOUNDRIES
THE COMPANY WAS FORMED TO PROVIDE THE DELIVERY OF IRRIGATION WATERTO FIELD CROPS TO THOSE SHAREHOLDERS WITHIN THE GEOGRAPHYBOUNDRIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Thorngren Secretary | 1 | $1,516 | |
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $25,911 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,911 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,847 |
| Professional fees and other payments to independent contractors | $150 |
| Occupancy, rent, utilities, and maintenance | $7,335 |
| Printing, publications, postage, and shipping | $35 |
| Other expenses | $11,153 |
| Total expenses | $24,520 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,719 |
| Other assets | $0 |
| Total assets | $83,719 |
| Total liabilities | $895 |
| Net assets or fund balances | $82,824 |
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