Richmond Irrigation & Power Company
- Assets
- $5.4m
- Revenue
- $298.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, UT
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 83-2666927
Organization Overview
Richmond Irrigation & Power Company is located in Richmond, UT. The organization was established in 2019. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Richmond Irrigation & Power Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Irrigation & Power 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 12/2021, Richmond Irrigation & Power Company generated $298.5k in total revenue. All expenses for the organization totaled $532.7k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES NECESSARY FOR MAINTENANCE AND LABOR OF SECONDARY AND AGRICULTURE WATER SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESOURCES NECESSARY FOR MAINTENANCE AND LABOR OF SECONDARY AND AGRICULTURE WATER SYSTEMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Gilbert Board Member | Officer | 5 | $0 |
Gary Dent Board Member | Officer | 5 | $0 |
John Apedaile Vice President | Officer | 5 | $0 |
Bret Christensen President | Officer | 7 | $0 |
Timothy Christensen Board Member | Officer | 5 | $0 |
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 | $298,527 |
| Investment income | $0 |
| 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 | $298,527 |
| 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 | $34,934 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110 |
| Fees for services: Accounting | $1,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,397 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,760 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $364,720 |
| Insurance | $6,222 |
| All other expenses | $278 |
| Total functional expenses | $532,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,567 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $5,174,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,381,853 |
| 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 | $4,299,299 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,299,299 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,082,554 |
| 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 | $5,381,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pine Meadow Mutual Water Company South Jordan, UT | $4,406,789 | $974,166 |
Logan Well Users Inc Sterling, CO | $1,034,878 | $1,191,850 |
Utah Lake Water Users Association Inc Salt Lake City, UT | $13,896,223 | $719,672 |
Oquirrh Mountain Water Company North Salt Lake, UT | $10,266,390 | $445,867 |
130 Regional Water Sypply Corporation Phoenix, AZ | $4,164,078 | $679,483 |
Twin Lakes Canal Co Weston, ID | $9,845,222 | $667,778 |
Richmond Irrigation & Power Company Richmond, UT | $5,381,853 | $298,527 |
La Canada Wireless Association Santa Fe, NM | $233,647 | $492,979 |
Mountain View Irrigation Inc Ogden, UT | $3,700,524 | $1,322,470 |
Leehammond Water Treatment Plant Bloomfield, NM | $0 | $477,941 |
Lower Logan Well Users Inc Sterling, CO | $491,673 | $451,948 |
Mapleton Irrigation Company Springville, UT | $2,602,435 | $813,808 |