Sterling Irrigation Company
- Assets
- $518.7k
- Revenue
- $151.8k
- Investments
- $47.0k
- Employees
- 1
- Location
- Sterling, CO
- Founding
- 10/1946
- Data as of
- 02/2022
- EIN
- 84-0328755
Organization Overview
Sterling Irrigation Company is located in Sterling, CO. The organization was established in 1946. 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. Sterling 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 02/2022, Sterling Irrigation Company generated $151.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $122.1k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED SHAREHOLDERS WITH MUTUAL DITCH WATER FOR IRRIGATION PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SHAREHOLDERS WITH MUTUAL DITCH WATER FOR IRRIGATION PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Manuello President | OfficerTrustee | 0 | $0 |
Thomas A Giacomini Vice President | OfficerTrustee | 0 | $0 |
Katherine Seetch Secretary Treas | OfficerTrustee | 0 | $0 |
James Brammer Director | Trustee | 0 | $0 |
Darren Luft Director | Trustee | 0 | $0 |
Robert Roth Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,704 |
| Total Program Service Revenue | $114,884 |
| Investment income | $713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $151,832 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,576 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,066 |
| Fees for services: Accounting | $20,840 |
| Fees for services: Lobbying | $1,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $54 |
| Office expenses | $574 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $488 |
| Interest | $6,289 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,693 |
| Insurance | $6,464 |
| All other expenses | $6,746 |
| Total functional expenses | $122,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,378 |
| Savings and temporary cash investments | $154,145 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $952 |
| Net Land, buildings, and equipment | $212,926 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $47,000 |
| Investments—program-related | $0 |
| Intangible assets | $258 |
| Other assets | $0 |
| Total assets | $518,659 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $176,598 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $901 |
| Total liabilities | $177,499 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $341,160 |
| Total liabilities and net assets/fund balances | $518,659 |
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