Amity Mutual Irrigation Company
- Assets
- $858.8k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Holly, CO
- Founding
- 04/1944
- Data as of
- 12/2023
- EIN
- 84-0005730
Organization Overview
Amity Mutual Irrigation Company is located in Holly, CO. The organization was established in 1944. 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 12/2023, Amity Mutual Irrigation Company employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amity Mutual 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 12/2023, Amity Mutual Irrigation Company generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 9 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
TO PROVIDE WATER, VIA AGRICULTURE IRRIGATION CANAL, FOR ITS MEMBERS USE IN FARMING OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRRIGATION WATER PROVIDED TO MEMBERS, VIA CANAL, TO IRRIGATECROPS FOR THEIR FARMING OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lane Malone Vice President | Officer | 3 | $2,160 |
Wesley Werth Director | Trustee | 1 | $2,120 |
Glenn Wilson President | Officer | 3 | $2,100 |
Neil Thompson Director | Trustee | 2 | $1,720 |
Jerome Seufer Treasurer | Officer | 1 | $1,460 |
Lawrence Brase Director | Trustee | 1 | $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 | $1,415,217 |
| Investment income | $3,360 |
| 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 | $1,440,617 |
| 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 | $405,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,149 |
| Payroll taxes | $31,223 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $136,691 |
| Fees for services: Accounting | $3,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $201,895 |
| Advertising and promotion | $0 |
| Office expenses | $23,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,219 |
| Interest | $3,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,170 |
| Insurance | $78,720 |
| All other expenses | $12,298 |
| Total functional expenses | $1,496,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $232,362 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,526 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,165 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $584,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $221 |
| Total assets | $858,783 |
| Accounts payable and accrued expenses | $40,425 |
| Grants payable | $0 |
| Deferred revenue | $85,590 |
| 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 | $138,937 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $600 |
| Total liabilities | $265,552 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $34,612 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $558,619 |
| Total liabilities and net assets/fund balances | $858,783 |