Grand Valley Water Users
- Assets
- $5.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Grand Junction, CO
- Founding
- 04/1950
- Data as of
- 12/2022
- EIN
- 84-0402700
Organization Overview
Grand Valley Water Users is located in Grand Junction, CO. The organization was established in 1950. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Grand Valley Water Users employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Valley Water Users 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, Grand Valley Water Users generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $4.1m during the year ending 12/2022. While expenses have increased by 23.4% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DELIVER WATER FOR PURPOSE OF IRRIGATING FARM LAND WHICH CARRIES WATER RIGHTS APPURTENANT TO THE LAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED IRRIGATION WATER TO APPROXIMATELY 1,774 MEMBERS.
DELIVER WATER FOR PURPOSE OF IRRIGATING FARM LAND WHICH CARRIES WATER RIGHTS APPURTENANT TO THE LAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Bergonzini General Mana | Trustee | 40 | $44,993 |
Marty Basinger Director | Trustee | 1 | $0 |
Derek Bernal Director | Trustee | 1 | $0 |
Melvin Cridler Director | Trustee | 1 | $0 |
Jim Hutton Director | Trustee | 1 | $0 |
Joseph Landini Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mountain Valley Contracting | 12/30/22 | $923,690 |
Elam Construction | 12/30/22 | $243,967 |
Sgm Inc | 12/30/22 | $105,816 |
J-u-b Engineers | 12/30/22 | $149,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,193,781 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,400,445 |
| All other contributions, gifts, grants, and similar amounts not included above | $998,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,593,111 |
| Total Program Service Revenue | $180,000 |
| Investment income | $3,044 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,640 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,778,795 |
| 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. | $44,993 |
| Compensation of current officers, directors, key employees. | $44,993 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $894,587 |
| Pension plan accruals and contributions | $24,390 |
| Other employee benefits | $175,669 |
| Payroll taxes | $78,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,296 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $100,810 |
| Advertising and promotion | $0 |
| Office expenses | $21,859 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,891 |
| Travel | $34,376 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,345 |
| Interest | $13,573 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,575 |
| Insurance | $104,787 |
| All other expenses | $24,416 |
| Total functional expenses | $4,089,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,305,431 |
| Savings and temporary cash investments | $764,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,169,602 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,029,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $913,243 |
| Total assets | $5,182,894 |
| Accounts payable and accrued expenses | $285,714 |
| Grants payable | $0 |
| Deferred revenue | $835,363 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $557,588 |
| Other liabilities | $128,530 |
| Total liabilities | $1,807,195 |
| 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 | $3,375,699 |
| Total liabilities and net assets/fund balances | $5,182,894 |