Lariat Irrigation Company
- Assets
- $97.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monte Vista, CO
- Founding
- 10/1971
- Data as of
- 12/2022
- EIN
- 84-0248268
Organization Overview
Lariat Irrigation Company is located in Monte Vista, CO. The organization was established in 1971. 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. Lariat 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 12/2022, Lariat Irrigation Company generated $56.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $47.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 4 years. 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
DELIVERY OF IRRIGATION WATER TO SHAREHOLDER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Hammonds President | 0 | $0 | |
Chad Cochran Director | 0 | $0 | |
Mark Deacon Director | 0 | $0 | |
Harold Stoeber Director | 0 | $0 | |
Leonard Velasquez Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $56,615 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,615 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,683 |
| Professional fees and other payments to independent contractors | $2,783 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,227 |
| Total expenses | $47,693 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $97,466 |
| Other assets | $0 |
| Total assets | $97,466 |
| Total liabilities | $0 |
| Net assets or fund balances | $97,466 |