Low Line Ditch Company
- Assets
- $296.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sterling, CO
- Founding
- 05/1945
- Data as of
- 01/2024
- EIN
- 84-0404967
Organization Overview
Low Line Ditch Company is located in Sterling, CO. The organization was established in 1945. 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. Low Line 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 01/2024, Low Line Ditch Company generated $43.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $36.1k during the year ending 01/2024. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 years. 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
2024
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S ASSETS ARE IRREVOCABLY AND PERMANENTLY DEDICATED TO THE PROCESS OF FACILITATING AND FUNDING THE FILING OF WELL WATER AUGMENTATION PLANS; PROVIDING A FRAMEWORK FOR THE APPROVAL AND USE OF WATER WELLS, RECHARGE DESIGNS FOR THE MEMBERS, AND OBTAINING THE NECESSARY AUTHORIZATIONS FOR MEMBERS USE OF THEIR WATER WELLS. IN ADDITION, THE ORGANIZATION SETS AND COLLECTS ASSESSMENTS FOR THE REPAIR AND MAINTENANCE OF AN IRRIGATION DITCH IN DELIVERING WATER TO 11 LANDOWNER/SHAREHOLDERS REPRESENTING 320 SHARES OF STOCK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Schell President | 2 | $0 | |
Steve Kaiser Secretary | 2 | $0 | |
Kevin Luft Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $43,696 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $137 |
| Total Revenue | $43,833 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,210 |
| Professional fees and other payments to independent contractors | $6,978 |
| Occupancy, rent, utilities, and maintenance | $4,197 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,742 |
| Total expenses | $36,127 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,408 |
| Other assets | $0 |
| Total assets | $296,654 |
| Total liabilities | $33,236 |
| Net assets or fund balances | $263,418 |