Agricultural Ditch & Reservoir Company
- Assets
- $2.4m
- Revenue
- $726.9k
- Investments
- $54.0k
- Employees
- 9
- Location
- Lakewood, CO
- Founding
- 09/1934
- Data as of
- 11/2023
- EIN
- 84-0001700
Organization Overview
Agricultural Ditch & Reservoir Company is located in Lakewood, CO. The organization was established in 1934. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 11/2023, Agricultural Ditch & Reservoir Company employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agricultural Ditch & Reservoir 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 11/2023, Agricultural Ditch & Reservoir Company generated $726.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $702.3k during the year ending 11/2023. While expenses have increased by 3.3% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION AND MAINTENANCE OF AN IRRIGATION DITCH AND RELATED RESERVIORS INCLUDING WATER RIGHTS AND RIGHTS OF WAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS ASSOCIATED WITH OPERATION OF AN IRRIGATION DITCH AND RELATED RESERVIORS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Heldenbrand Adivsory Member | Trustee | 2 | $3,700 |
Ben Moline President | OfficerTrustee | 2 | $3,400 |
Andrew K Rogers Asst Secretary And Treasur | OfficerTrustee | 2 | $3,700 |
Jarod Roberts Treasurer | OfficerTrustee | 2 | $3,700 |
John Boyle Director | Trustee | 2 | $3,700 |
Robin Daigh Director | Trustee | 2 | $3,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $704,000 |
| 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 | $704,000 |
| Total Program Service Revenue | $14,439 |
| Investment income | $15,503 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $726,935 |
| 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 | $359,306 |
| Pension plan accruals and contributions | $5,359 |
| Other employee benefits | $47,356 |
| Payroll taxes | $28,833 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,245 |
| Fees for services: Accounting | $18,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,900 |
| Advertising and promotion | $0 |
| Office expenses | $9,682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,020 |
| Travel | $0 |
| 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 | $133,730 |
| Insurance | $38,950 |
| All other expenses | -$104,945 |
| Total functional expenses | $702,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,502 |
| Savings and temporary cash investments | $647,830 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,683 |
| 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 | $20,064 |
| Net Land, buildings, and equipment | $1,604,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $54,030 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,420,295 |
| Accounts payable and accrued expenses | $8,179 |
| Grants payable | $0 |
| Deferred revenue | $45,730 |
| 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 | $19,600 |
| Total liabilities | $73,509 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $20,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,326,786 |
| Total liabilities and net assets/fund balances | $2,420,295 |