Fort Bent Ditch Company
- Assets
- $357.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Lamar, CO
- Founding
- 08/1943
- Data as of
- 12/2022
- EIN
- 84-0204950
Organization Overview
Fort Bent Ditch Company is located in Lamar, CO. The organization was established in 1943. 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 12/2022, Fort Bent Ditch Company employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Bent Ditch 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, Fort Bent Ditch Company generated $117.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $120.9k during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED AGRICULTURE IRRIGATION WATER FOR ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Emick Director | 1 | $0 | |
Chris Henderson Director | 1 | $0 | |
Rob Batdorf Secr | 1 | $0 | |
Tony Hicks Vice Pres | 1 | $0 | |
Ron Peterson Pres | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $116,512 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $616 |
| Total Revenue | $117,128 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,556 |
| Professional fees and other payments to independent contractors | $1,415 |
| Occupancy, rent, utilities, and maintenance | $61,273 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20,639 |
| Total expenses | $120,883 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,833 |
| Other assets | $0 |
| Total assets | $357,718 |
| Total liabilities | $566 |
| Net assets or fund balances | $357,152 |
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