King Consolidated Ditch Co
- Assets
- $143.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ignacio, CO
- Founding
- 07/1937
- Data as of
- 12/2021
- EIN
- 84-0411274
Organization Overview
King Consolidated Ditch Co is located in Ignacio, CO. The organization was established in 1937. 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. King Consolidated Ditch Co 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, King Consolidated Ditch Co generated $68.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $73.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Swain Ditch Rider | 20 | $18,000 | |
Kelly Mccaw Secretary Bookeeper | 5 | $5,000 | |
Jamie Justesen Assistant Ditch Rider | 5 | $3,252 | |
Wayne Semler Board Vice President | 1 | $0 | |
Edwin Mccaw Board President | 2 | $0 | |
Clyde Pearson Board Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $68,090 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,090 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,773 |
| Professional fees and other payments to independent contractors | $17,433 |
| Occupancy, rent, utilities, and maintenance | $1,200 |
| Printing, publications, postage, and shipping | $1,247 |
| Other expenses | $28,530 |
| Total expenses | $73,183 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $143,819 |
| Other assets | $0 |
| Total assets | $143,819 |
| Total liabilities | $0 |
| Net assets or fund balances | $143,819 |
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