New Mercer Ditch Company
- Assets
- $93.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Severance, CO
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 84-0279496
Organization Overview
New Mercer Ditch Company is located in Severance, CO. The organization was established in 1990. 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. New Mercer 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 12/2021, New Mercer Ditch Company generated $193.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $324.7k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
DELIVERY OF IRRIGATION WATER TO SHAREHOLDERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Moen Superintendent | 10 | $31,825 | |
Jon Walker Assistant Superintendent | 10 | $13,915 | |
Randy Gustafson President | 0 | $0 | |
Shawn Hoff Vicce-President | 0 | $0 | |
Donnie Dustin Director | 0 | $0 | |
Doug Jardine Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $183,975 |
| Investment income | $182 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,750 |
| Total Revenue | $193,907 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,628 |
| Professional fees and other payments to independent contractors | $11,881 |
| Occupancy, rent, utilities, and maintenance | $228,271 |
| Printing, publications, postage, and shipping | $700 |
| Other expenses | $9,225 |
| Total expenses | $324,705 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,861 |
| Other assets | $0 |
| Total assets | $93,861 |
| Total liabilities | $0 |
| Net assets or fund balances | $93,861 |
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