Grand Valley Water Users
- Assets
- $5.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Grand Junction, CO
- Founding
- 04/1950
- Data as of
- 12/2021
- 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 12/2021, Grand Valley Water Users employed 20 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 12/2021, Grand Valley Water Users generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 27.6% per year over the past 7 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark M Harris Manager | Officer | 40 | $104,636 |
Joseph Bernal President | OfficerTrustee | 2 | $3,750 |
John Potter Vice Preside | OfficerTrustee | 2 | $3,225 |
D Kim Albertson Secretary | OfficerTrustee | 2 | $2,100 |
Derek Bernal Director | Trustee | 1 | $1,800 |
Marty Basinger Director | Trustee | 1 | $1,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stubb Pump Repairs Repairs | 12/30/13 | $202,248 |
Roller Dam Repairs Repairs | 12/30/13 | $356,532 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,171,977 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,295,818 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,105,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,573,656 |
| Total Program Service Revenue | $107,416 |
| Investment income | $4,013 |
| 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 | $3,687,725 |
| 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. | $107,760 |
| Compensation of current officers, directors, key employees. | $107,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $831,564 |
| Pension plan accruals and contributions | $22,740 |
| Other employee benefits | $178,166 |
| Payroll taxes | $73,617 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,582 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $246,222 |
| Advertising and promotion | $0 |
| Office expenses | $21,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,622 |
| Travel | $30,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,084 |
| Interest | $13,118 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,032 |
| Insurance | $110,078 |
| All other expenses | $3,299 |
| Total functional expenses | $4,190,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,365,190 |
| Savings and temporary cash investments | $979,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,229,609 |
| 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 | $731,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $874,991 |
| Total assets | $5,180,218 |
| Accounts payable and accrued expenses | $227,122 |
| Grants payable | $0 |
| Deferred revenue | $831,701 |
| 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 | $273,511 |
| Other liabilities | $131,479 |
| Total liabilities | $1,463,813 |
| 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 | $3,716,405 |
| Total liabilities and net assets/fund balances | $5,180,218 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Valley Water Users has recieved totaling $388,564.
| Awarding Organization | Amount |
|---|---|
Nature Conservancy Arlington, VA PURPOSE: Conservation Activities | $388,564 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sedgwick County Electric Cooperative Association Inc Cheney, KS | $36,473,709 | $18,891,382 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
Carbon Power & Light Inc Saratoga, WY | $55,820,091 | $15,960,147 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Lyon-Coffey Electric Cooperative Inc Burlington, KS | $47,592,400 | $15,534,958 |
Big Horn Rural Electric Company Basin, WY | $40,876,204 | $16,016,362 |
Ark Valley Electric Cooperative Assn Inc South Hutchinson, KS | $45,661,646 | $15,134,706 |
Panhandle Rural Electric Membership Association Alliance, NE | $41,224,706 | $16,400,067 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Bridger Valley Electric Association Inc Mountain View, WY | $29,731,206 | $13,433,186 |