Morrison Consolidated Ditch Co
- Assets
- $61.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ignacio, CO
- Founding
- 04/1974
- Data as of
- 12/2022
- 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 12/2022, Morrison Consolidated Ditch Co generated $93.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $87.7k during the year ending 12/2022. While expenses have increased by 15.5% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MAINTENANCE OF MAIN DITCH CANAL TO TRANSPORT IRRIGATION WATER TO SHAREHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Semler Board President | 2 | $0 | |
Mike Gomez Board Member | 1 | $0 | |
Lane Klusman Member | 1 | $0 | |
Kevin Hronich Board Treasuer | 2 | $0 | |
Jesse Swanemyr Board Secretary | 2 | $0 | |
Mike Gomez Ditch Rider | 20 | $22,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $92,990 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,006 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,956 |
| Professional fees and other payments to independent contractors | $262 |
| Occupancy, rent, utilities, and maintenance | $65 |
| Printing, publications, postage, and shipping | $1,364 |
| Other expenses | $55,098 |
| Total expenses | $87,745 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,435 |
| Other assets | $0 |
| Total assets | $61,435 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,435 |