Morrison Consolidated Ditch Co
- Assets
- $56.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ignacio, CO
- Founding
- 04/1974
- Data as of
- 12/2021
- EIN
- 84-0272145
Organization Overview
Morrison Consolidated Ditch Co is located in Ignacio, CO. The organization was established in 1974. 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. Morrison Consolidated Ditch Co 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, Morrison Consolidated Ditch Co generated $101.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $93.0k during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Gomez Board Member | 1 | $0 | |
Kelly Mccaw Secretary Bookkeeer | 5 | $4,000 | |
Wayne Semler Board President | 2 | $0 | |
Ralph Klusman Board Vice President | 2 | $0 | |
Larry Hronich Board Secretary | 2 | $0 | |
Gregg Johnson Board Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,483 |
| Total Program Service Revenue | $0 |
| Membership dues | $60,360 |
| Investment income | $119 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $344 |
| Total Revenue | $101,306 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,207 |
| Professional fees and other payments to independent contractors | $4,758 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $959 |
| Other expenses | $60,098 |
| Total expenses | $93,022 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,174 |
| Other assets | $0 |
| Total assets | $56,174 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,174 |
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